Grant Agreement


All grant recipients are required to agree to the terms and conditions outlined here before receiving funds.


1.1 Manifold for Charity, 1621 E 6th Street Unit 1440, Austin, TX 78702, United States, a registered 501(c)3-nonprofit with EIN 88-3668801 (the “Charity”).

1.2 Linch Zhang (the “Recipient”)

1.3 Based on the information provided to Manifold for Charity, this grant is to be used exclusively for the following purposes in accordance with the terms and conditions of this letter, unless otherwise approved in advance [in writing] by Manifold for Charity: "Long-Term Future Fund" (the “Project”).

1.4 The start date for this grant will be September 9th, 2023 (the “Commencement Date”) and will run for the duration (the “Grant Period”) until the Recipient marks the Project as complete (the “Expiry Date”).

2Purpose and Use of Grant

2.1 The Grant is conditional on the satisfactory use of the money and on compliance with the terms of this Agreement.

2.2 The Recipient shall not make any substantive change to the Project without the Charity’s prior written agreement.

2.3 Should any part of the Grant remain unspent at the end of the Grant Period, the Recipient shall ensure that the unspent money is returned to the Charity.

3Prohibited Uses

3.1 The Recipient shall not use the Grant:

(a) Otherwise than for the purposes which fall within the charitable purposes of the Recipient, or to undertake an activity for any purpose other than a religious, charitable, scientific, literary, educational, or other purpose specified in Section 170(c)(2)(B) of the Internal Revenue Code (“IRC”).

(b) To attempt to influence legislation, within the meaning of Section 501(c)(3) of the IRC.

(c) To participate or intervene in any political campaign on behalf of or in opposition to any candidate for public office, to induce or encourage violations of law or public policy, to cause any private inurement or improper private benefit to occur, or to take any other action inconsistent with Section 501(c)(3) of the IRC.

4Monitoring and Reporting

4.1 The Recipient is responsible for ensuring that the purposes for which the Grant is given are being met throughout the Grant Period and that the terms of this letter are being adhered to.

4.2 Upon the Charity’s request, the Recipient shall share a progress report every 6 months from the Commencement Date and shall share a final report upon the Expiry Date. If applicable, the Recipient shall receive instructions for submitting the report before it is due.

5Payment, Withholding, and Recovery of the Grant

5.1 The Charity may at its discretion withhold or suspend payment of the Grant and/or require repayment of all or part of the Grant and/or terminate this Agreement if:

(a) the Recipient uses any of the Grant for purposes other than those for which they have been awarded.

(b) all activities associated with the Project are not run in accordance with all statutory or other regulatory requirements in the country where the Recipient is established and in the country where the Project takes place, and in a manner consistent with the good name and reputation of the Charity.

(c) the Charity reasonably considers that the Recipient has not made satisfactory progress with the delivery of the Project, in which case any repayment shall be no greater than the unspent balance of the grant.

(d) the Recipient provides the Charity with any materially misleading or inaccurate information.

(e) the Recipient ceases to work on the Project for any reason.

(f) the Recipient fails to comply with any of the terms and conditions of this Agreement.

5.2 The Recipient agrees and acknowledges that the Grant is expressed as a maximum sum and is not a guaranteed payment. It shall be paid only to the extent that the Charity has available funds. The Charity does it all it can to keep fees low and foreign exchange rates fair, however, due to the nature of these fees, the amount the Recipient receives may be reduced by bank transfer fees and, for international transfers, also by forex fees.

5.3 The Recipient shall promptly repay to the Charity any money incorrectly paid to it either as a result of an administrative error or otherwise. This includes (without limitation) situations where either an incorrect sum of money has been paid or where Grant money has been paid in error before all conditions attaching to the Grant have been complied with by the Recipient.

5.4 If the Charity exercises its right to terminate pursuant to Section 5.1, then without prejudice to any other rights and remedies of the Charity, the Recipient shall, at the Charity’s sole discretion, return any remaining part of the Grant to the Charity, or any money that has not been used in accordance with Section 2 of this Agreement.

5.5 The Charity will make the payment using the standard payment routes, but the onus is on the Recipient to help the Charity complete the payment if those routes fail, for example, by providing alternative bank accounts or payment methods, subject to the Charity's acceptance.

6Limitation of Liability
The Charity accepts no liability for any consequences, whether direct or indirect, that may come about from the Recipient running the Project, the use of the Grant or from withdrawal of the Grant. The Recipient shall indemnify and hold harmless the Charity, its employees, agents, officers or subcontractors with respect to all claims, demands, actions, costs, expenses, losses, damages and all other liabilities arising from or incurred by reason of the Recipient’s actions and/or omissions in relation to the Project, the non-fulfilment of the Recipient’s obligations under this letter or the Recipient’s obligations to third parties. Subject to the foregoing, the Charity’s liability under this letter is limited to the payment of the Grant.
7Personal taxes
If applicable, the Recipient is responsible to pay when due all local taxes, duties, and other governmental fees, taxes or other governmental charges that may apply to personal income. The Grant shall not be increased in the event of any tax become payable on the Grant money. The Grant may be classified as taxable income. It is up to the Recipient to check with an accountant or tax professional to see whether they need to declare the Grant for tax purposes.
8Federal tax law compliance
Recipient acknowledges that it understands its obligations imposed by this Agreement, including but not limited to those obligations imposed by reference to the IRC. Recipient agrees that if Recipient has any doubts about its obligations under this Agreement, including those incorporated by reference to the IRC, Recipient will promptly contact Charity or its own legal counsel.
9No employment
The making of this Grant does not represent or imply any kind of employment relationship between the Recipient and the Charity.
10Publications; License
Any information contained in publications, studies, or research funded by this Grant shall be made available to the public following such reasonable requirements or procedures as Charity may establish from time to time. Promptly after creation of any publications, studies, or research funded by this Grant, Recipient agrees to grant to Charity an irrevocable, worldwide, nonexclusive, fully-paid up license to publish, in Charity’s discretion, such intellectual property, and to execute promptly any documents and instruments that the Charity may reasonably request in order to effect such license, without further consideration.
11No Agency
Recipient is solely responsible for all activities supported by the Grant funds, the content of any product created with the Grant funds, and the manner in which any such product may be disseminated. This Agreement shall not create any agency relationship, partnership, or joint venture between the parties, and Recipient shall make no such representation to anyone.
12Terrorist Activity
Recipient warrants that it does not support or conduct, directly or indirectly, violence or terrorist activity of any kind.
No variation of this Agreement shall be effective unless it is in writing and signed by or on behalf of each party.
14Entire agreement
This Agreement is the entire agreement between the parties, and replaces all previous agreements and understandings between them, relating to its subject matter.
15Governing Law
This Agreement shall be governed by the laws of the State of California applicable to contracts to be performed entirely within the State.