Notes to SEFA
The accompanying schedule includes the federal award activity of The Chamber Foundation under programs of the federal government for the year ended December 31, 2025. The information 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 Chamber Foundation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Chamber Foundation.
The Chamber Foundation passes through certain federal assistance from the U.S. Department of Commerce to other agencies (subrecipients). As described in Note 1, The Chamber Foundation records expenditures of federal awards to subrecipients on the accrual basis. The subrecipient agencies have certain compliance responsibilities to administering these federal programs. Under Uniform Guidance, The Chamber Foundation is responsible for monitoring subrecipients to help assure that federal awards are used for authorized purposes in compliance with laws, regulations, and the provision of contracts or grant agreements, and that the performance goals are achieved.