AG 1999 12 20 - Laserfiche WebLink

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THE CANNON FOUNDATION, INC. CONCORD, NORTH CAROLINA 28020-0541~ December 7, 1999 Mr. Ron Harwood, Director Cabarrus County Emergency Medical Services 31 Willowbrook Drive Concord, North Carolina 28027 Dear Mr. Harwood: The Cannon Foundation, Inc. is pleased to inform you that its Board of Directors has approved a grant in the amount of $35,000 in response.to your recent proposal, for the purpose stated below: Automatic External Defibrillator Purchase ao ~ ~ ~,~: , In keeping with our past procedures, and in order to comply with regulations applicable~6~ foundations such as ours, all grants will be made only to organizations which are exempt from taxes Revenue Service to be "not private foundations" within the meaning of Code Section 509(a). In order that the Foundation may comply with all Internal Revenue Code Regulations and other requirements, we ask that you indicate your agreement to follow the terms stated below by signing the copy of this letter in the space provided and returning it to our office: Applicant agrees to expend the funds from this grant only for the purposes stated above and in accordance with Se~tio,, 50}(G(3), ~n 4~45 and other applicable provisions of the Internal Revenue Code. 5'-/-~ ~:~ ,,/e~ / Directors of The Cannon Foundation, Inc. may monitor and conduct an evaluation of operations under this grant, including full and complete access to your files and financial records relating to the grant or your tax status, upon a reasonably timely request therefor. We require notification of any change in your Federal tax status before or during the period the grant funds are being 'spent. It is understood that grant payments which are yet to be made by the Foundation may be discontinued, modified, or withheld if, in our sole judgment, such action is necessary to comply with the requirements of the law.