Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal awards activity of Foundation for Healthy Communities (Foundation) under programs of the federal government for the year ended December 31, 2025. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations 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.
The Foundation elected to use the de minimis indirect cost rate as permitted under the Uniform Guidance for federal awards without a negotiated indirect cost rate. For federal awards issued prior to October 1, 2024, a 10% de minimis rate is applied to the direct costs of awards that do not have an established indirect cost rate. For awards issued on or after October 1, 2024, the de minimis rate has been increased to 15%.