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Geoffrey E. Gledhill <br />,Page 2 <br />You may also find it helpful_to consider Txeas. Reg. §53.4958-4(a}(4)(v), which provides <br />in effect that an insider of a charitable organization will not be penalized for receiving "an <br />economic benefit pxovided to a person solely because the person is a member of a charitable <br />class that the applicable tax-exempt organization intends #o benefit as part of the accomplishment <br />of the organization's exempt purpose." <br />I hope that this letter resolves, any questions or concerns you may have about the Grantee <br />Acknowledgement and Agreement. If there are any other issues you would like to discuss, <br />please fee free to contact me. <br />Sincerely, <br />Edward P. Lord <br />Vice President of Programs/Staff Attorney <br />