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        <ExplanationTxt>MONITORING AND REPORTING1. The Foreign Entity will confirm receipt of grant funds.2. Hope Ventures requires regular reporting (ie quarterly) from the Foreign Entity on theuse of the funds, including a description of the program's progress and a detailedfinancial accounting.3. Hope Ventures reserves the right to conduct annual site visits or engage local experts toassess the program funded by the grant.4. Any significant diversion from the grant's intended purpose, misuse of funds, or violationof the grant agreement terms will be grounds for immediate termination of the grantand potential legal action.</ExplanationTxt>
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        <ExplanationTxt>VI. RECORD KEEPINGThe Organization will maintain detailed records of all international grants, including duediligence materials, grant agreements, correspondence, reports, and other relevantdocumentation, for a period of at least 5 years following the completion of the grant.Additionally, if there is any relationship between individuals receiving assistance and those incontrol of the nonprofit, that will also be disclosed. Additionally, the Hope Ventures staff orleadership selecting the individuals who receive assistance will also be disclosed.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 11b</FormAndLineReferenceDesc>
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