Atrium Health Foundation

How it makes and monitors grants (Schedule I, Part IV)

All grant disbursements made by the foundation must be accompanied by a written grant request from the grantee which is approved for payment by the foundation's senior executive staff. the grant requests contain a description of the intended purpose for the grant and the intended grant recipient. these grant requests are reviewed prior to approval by the senior vice president to ensure that supported activities and grant recipients are consistent with the foundation's charitable purpose as stated in its articles of incorporation and in its federal tax-exemption application. all substantial grants funded by the foundation are periodically reviewed with the grant recipients either verbally or in writing to ensure that grant funds have been expended in a manner that is consistent with the original approved grant request. in addition to the above procedures and controls, it is important to note that a substantial majority of the foundation's grants are made to the charlotte-mecklenburg hospital authority dba atrium health, a tax-exempt political subdivision of the state of north carolina.