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HomeMy WebLinkAboutECHDA22-07 CO Association of Realtors FoundationColorado Association of REALTORS® Foundation | 309 Inverness Way South | Englewood, CO 80112| EIN: 84-1152732 COLORADO ASSOCIATION OF REALTORS® FOUNDATION GRANT AGREEMENT The Colorado Association of REALTORS® (CAR) Foundation is awarding this grant, in the amount of $10,000, to Eagle County Housing and Development Authority (the “Grantee”) contingent upon the following: TAX-EXEMPT STATUS: Eagle County Housing and Development Authority is a nonprofit organization currently recognized by the Internal Revenue Service as a public charity described in sections 501(c)(3) and 509(a)(1), (2), or (3) of the Internal Revenue Code of 1986 as amended (the “Code”): • Eagle County Housing and Development Authority’s tax-exempt status under sections 501(c)(3) and 509(a) of the Code has not changed since the issuance of the IRS determination letter, which was provided to the CAR Foundation, and • There is no issue presently pending before any office of the Internal Revenue Service that could result in any proposed changes to your tax-exempt status under Sections 501(c)(3) and 509(a) of the Code. EXPENDITURE OF FUNDS: This grant is awarded for the purpose outlined in the grant award letter and shall not be expended for any other purpose without the CAR Foundation’s prior written approval. If the grant is intended to support a specific project or to provide general support for a specific period, any portion of the grant unexpended at the completion of the project or the end of the period must be declared in writing to the CAR Foundation. The Foundation will then issue a decision regarding usage of the remaining funds. Eagle County Housing and Development Authority may not expend any grant funds for any political or lobbying activity or for any purpose other than the one specified in section 170(c)(2)(b) of the Code. NO ASSIGNMENT OR DELEGATION: Eagle County Housing and Development Authority may not assign, or otherwise transfer, its rights or delegate any of its obligations under this grant without prior written approval from the CAR Foundation. RECORDS AND REPORTS: DocuSign Envelope ID: 6F9ABF1F-7E70-4E45-B2A4-920D6DB1925A Colorado Association of REALTORS® Foundation | 309 Inverness Way South | Englewood, CO 80112| EIN: 84-1152732 Eagle County Housing and Development Authority is required to provide the CAR Foundation with a written report summarizing the project by May 31, 2023. Your report should include the following: • Program Implementation: Update on what was originally planned and what has been accomplished. o Include statistics of how many people/families were served. • Program Outcomes: Provide information on evaluation activities and on the degree to which the program is producing the results that were expected. • Change of Plans: Explain if any changes were needed and why. • Challenges, Successes, and Lessons: If your organization has encountered specific challenges in implementation of the program, or has had great success in some area, let us know. Also include any lessons learned that will enhance the future work of your organization. • Financial Overview: Explain the grant’s status including income, expenditures by line item, and funds remaining, if applicable. • Attachments: Attach pictures, testimonials, news clips, letters from those benefitting from the program, or video clips illustrating impact. You also agree to provide any other information reasonably requested by the CAR Foundation. If your organization obtains any audited financial statements covering any part of the period of this grant, please provide a copy to the CAR Foundation as well. REQUIRED NOTIFICATIONS: Eagle County Housing and Development Authority is required to provide the CAR Foundation with immediate written notification of: (1) any changes in your organization’s tax-exempt status; or (2) your inability to expend the grant for the purposes described in the grant award letter. PUBLICITY: Eagle County Housing and Development Authority agrees to provide recognition of the grant from the CAR Foundation in any public relations materials including but not limited to the annual report, interviews, newsletters, press releases, and social media platforms such as Facebook, LinkedIn, Twitter and Instagram. Eagle County Housing and Development Authority will allow the CAR Foundation to review and approve the text of any proposed publicity concerning this grant prior to its release. The CAR Foundation may include information regarding this grant, including the amount and purpose of the grant, any photographs you may have provided, your logo or trademark, or other information or materials about your organization and its activities, in the CAR Foundation’s periodic public reports, newsletters, and news releases. Any correspondence or notifications can be made to: Amy McDermott Executive Director, Colorado Association of REALTORS® Foundation 309 Inverness Way South Englewood, CO 80112 303-785-7126 amcdermott@coloradorealtors.com DocuSign Envelope ID: 6F9ABF1F-7E70-4E45-B2A4-920D6DB1925A Colorado Association of REALTORS® Foundation | 309 Inverness Way South | Englewood, CO 80112| EIN: 84-1152732 The undersigned certify that they are the recipient of this grant and agree to observe all of the terms and conditions placed on this grant, and in connection with this grant to make, execute and deliver on behalf of the Grantee all grant agreements, representations, receipts, reports and other instruments of every kind. ACCEPTED AND AGREED TO: Organization Name Name of officer or authorized person in receipt of grant Signature of officer or authorized person and Date Payee on the check Address where check should be mailed Amy McDermott Executive Director, Colorado Association of REALTORS® Foundation Executive Director Signature and Date, Colorado Association of REALTORS® Foundation DocuSign Envelope ID: 6F9ABF1F-7E70-4E45-B2A4-920D6DB1925A Eagle County Housing and Development Authority Kim Bell Williams Eagle County Loan Fund 25 Mill Loft Street, Suite 200 Edwards, CO 81632 8/4/2022 Colorado Association of REALTORS® Foundation | 309 Inverness Way South | Englewood, CO 80112| EIN: 84-1152732 July 8, 2022 Eagle County Housing and Development Authority DBA Eagle County Loan Fund PO Box 850 850 Broadway Eagle, CO 81631 Congratulations to the Eagle County Loan Fund! On behalf of the CAR Foundation Board of Directors, we want to recognize the transformative work your organization is doing. It is our honor to support your mission by awarding you a grant in the amount of $10,000. For over 30 years, the CAR Foundation has supported initiatives helping Coloradans achieve safe and attainable housing, advance homeownership and provide housing related disaster relief. We are proud to fund vital work that has touched the lives of tens of thousands of Coloradans and will continue to cultivate longer term relationships with qualified organizations such as yours. It is our goal to be a true partner to your work, and in that role to provide guidance, thought partnership and connections wherever we can. Please do not hesitate to reach out to me with questions or if you need support. In service, Amy McDermott Executive Director Colorado Association of REALTORS® Foundation EXHIBIT A DocuSign Envelope ID: 6F9ABF1F-7E70-4E45-B2A4-920D6DB1925A