Grants for Chapter Houses Sample Clauses

Grants for Chapter Houses. When a Non-Endowment Fund is established for educational areas and/or educational equipment in the Chapter House, a written plan must be submitted outlining in detail the educational purposes at the time the Fund is established as well as for each proposed grant. This plan must include how contributions will be used, the anticipated goal of the project, the time period for a campaign, and budget. In making any such request, the Donors will be deemed to certify to the Foundation that the funds will be used for their intended educational purposes and that the educational areas and educational equipment involved will be and will continue to be used for their intended educational purposes. If, after a period of three years from the date a Grant Agreement is executed, the amount credited to the Fund is less than the minimum funding amount set forth in the CSF Policies, the Foundation may elect, in its sole discretion, to either (i) treat the amount of contributions credited to the Fund as a restricted fund of the Foundation to benefit educational purposes of the Chapter or (ii) add the Fund to the general funds of the Foundation.
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