One of our foundations co-wrote a grant proposal with the City of LA. The Hospital that the foundation supports is leasing a building from the City of LA. The Hospital runs a treatment center for Assault victims from the building. The grant was approved and awarded to the City of LA to do the upgrades to the building. The City of LA is hiring and paying all the contractors. The upgrades are benefiting the treatment center that is run by the Hospital. The foundation co-wrote the grant. Can the foundation record the upgrades as a gift in kind from the City of LA?
