Youth Club Grant Agreement
Thank you for applying to receive a USA Track & Field Foundation Youth Club Grant. Please review the Agreement below and verify your understanding and commitment to the requirements of the Agreement by acknowledging below. By signing this form, and receiving the USA Track & Field Foundation Youth Club Grant funds (the “Grant Funds”), this Agreement is a contract between you and the USA Track & Field Foundation (the “Foundation”).
1. COMMITMENT TO YOUTH DEVELOPMENT. Club will actively promote and role model good sportsmanship, the importance of leading a healthy lifestyle and strong school performance, and the avoidance of substance abuse.
2. GRANT USES.
3. TAX REPORTING RESPONSIBILITY.
2.1 Allowable Expenses. Club shall use Grant Funds only for the following expenses:
(a) equipment, (b) uniforms, (c) meet fees, (d) travel, (e) facility rental, (f) staff and volunteer training and (g) outreach.
2.2 Accounting. Club shall cooperate with any requests by the Foundation to verify that Club has used the Grant Funds in accordance with this Agreement. Such requests may include, but are not limited to receipts, invoices, evidence of payment, and such other documentation sufficient to confirm that Grant Funds have been used for Allowable Expenses.
Upon receipt of the Grant Funds, Club assumes “paymaster” responsibility for such funds, including responsibility for tax reporting and related obligations imposed by law upon a recipient of such funds.
4.TERMINATION AND GRANT REVOCATION.
4.1 Misuse of Grant Funds. The Foundation may terminate this Agreement immediately upon a determination, in its sole discretion, that Club has violated Sections 2.1 or 2.2. Upon such termination, Club shall be required, and hereby agrees, to return and fully refund the Grant Funds to the Foundation.