For fiscal years 2014, 2015, and 2016, the Community Foundation for the National Capital Region (“Community Foundation”) is designated as the grant-managing entity. The Community Foundation shall be required to enter into a Memorandum of Understanding (“MOU”) with the District of Columbia government. The MOU shall set forth certain administrative requirements for the Community Foundation to abide by when it obtains District funds and awards subgrants involving District funds, and will clarify and reaffirm the Community Foundation’s responsibility and obligation with respect to District funds, including the monitoring of the use of District funds.
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