Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes thefederal grant activity of The Greater Los Angeles Veterans Research and Education Foundation (the “Foundation”) under programs of the federal government for the year ended September 30, 2025. 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Foundation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Foundation. Federal awards received directly from federal agencies, as well as federal awards passed through universities and other agencies are included in the schedule.
The SEFA includes both direct and indirect costs expended for all grants. The Foundation did not use the 10% de minimis indirect cost rate as allowed per Section 414 of the Uniform Guidance. The indirect costs expensed under federal awards are based on an annual rate which is negotiated with and approved by the Cost Allocation Services at the U.S. Department of Health and Human Services.
No federal awards expenditures were provided to subrecipients during the year ended September 30, 2025.