Notes to SEFA
Title: Pass-Through Awards
Accounting Policies: Pass-Through Awards, Subrecipients
De Minimis Rate Used: N
Rate Explanation: Organization has elected not to use de minimus cost rate.
The Foundation receives federal financial assistance from various Foundations which are pass-through awardsfrom federal grantors. The amounts of direct awards and pass-through awards are included on the schedule ofexpenditures of federal awards.
Title: Subrecipients
Accounting Policies: Pass-Through Awards, Subrecipients
De Minimis Rate Used: N
Rate Explanation: Organization has elected not to use de minimus cost rate.
Of the federal expenditures presented in the Schedule, the Foundation provided federal awards to subrecipients as follows: CFDA No. Federal Program Amount Provided to Subrecipients 12.420 US Army Medical Research Acquisition Activity /US Army Medical Research and Material Command $426,270 As a subrecipient, the Foundation has certain compliance responsibilities, such as monitoring its subrecipients to help assure they use these sub-awards as authorized by laws, regulations, and the provisions of contracts or grant agreements, and that subrecipients achieve the award's performance goals.