Utilika Foundation

Policy on Indirect Costs

In the event that Utilika Foundation makes a grant to any organization that properly classifies the grant as one subject to the deduction of indirect costs (also known as facilities and administration costs), Utilika Foundation allows the recipient to partition the amount of the grant into a direct-cost amount and an indirect-cost amount, such that the indirect-cost amount does not exceed 12% of the direct-cost amount.

This policy was adopted by the Board of Directors and took effect on 13 December 2007.

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