Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Foundationand is presented on the accrual basis of accounting. The information in this schedule is presented in accordancewith accounting principles generally accepted in the United States of America as applicable to not-for-profitorganizations and the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The Foundation has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.