Title: Payments to Subrecipients
Accounting Policies: Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of The Chicago Bar Foundation under programs of the federal government for the year ended May 31, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this Schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
Because the Schedule presents only a selected portion of the operations of The Chicago Bar Foundation, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows, if applicable, of The Chicago Bar Foundation. Pass-through entity identifying numbers are presented where available.Basis of Accounting
The accompanying Schedule of Expenditures of Federal awards is presented on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Foundation has elected not to use the 10% de minimis indirect cost rate.
The Chicago Bar Foundation provided $6,164,405 of Federal awards to sub-recipients during the year ended May 31, 2024.
Title: Non - Cash Assistance
Accounting Policies: Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of The Chicago Bar Foundation under programs of the federal government for the year ended May 31, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this Schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
Because the Schedule presents only a selected portion of the operations of The Chicago Bar Foundation, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows, if applicable, of The Chicago Bar Foundation. Pass-through entity identifying numbers are presented where available.Basis of Accounting
The accompanying Schedule of Expenditures of Federal awards is presented on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Foundation has elected not to use the 10% de minimis indirect cost rate.
The Chicago Bar Foundation received no non-cash assistance during the year ended May 31, 2024.
Title: Insurance, Loans, and Loan Guarantees
Accounting Policies: Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of The Chicago Bar Foundation under programs of the federal government for the year ended May 31, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this Schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
Because the Schedule presents only a selected portion of the operations of The Chicago Bar Foundation, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows, if applicable, of The Chicago Bar Foundation. Pass-through entity identifying numbers are presented where available.Basis of Accounting
The accompanying Schedule of Expenditures of Federal awards is presented on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Foundation has elected not to use the 10% de minimis indirect cost rate.
During the year ended May 31, 2024, The Chicago Bar Foundation received no insurance, loans, loan guarantees or other Federal assistance for the purpose of administering Federal programs.