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Sand County Foundation Policy on Indirect/Overhead Costs
Sand County Foundation has generated hundreds of thousands of dollars to support research on conservation and ecological science issues of significance to the Foundation’s work in private conservation initiatives.
Over the past four decades our private non-profit organization has contracted with or made grants or gift payments to various universities and colleges. In no case has Sand County Foundation made a payment for general overhead.
Specifically, the Sand County Foundation permanent policy regarding general “overhead” or “indirect expense” budget line items is as follows.
“Sand County Foundation, in administering the distribution of its own funds, or those of the Bradley Fund for the Environment, in support of research and management projects related to our purpose, shall not approve in proposed budgets nor pay any invoice which indicates overhead or indirect costs.”
We hope this presents Sand County Foundation’s policy clearly and allows us to work together with researchers and educators to accomplish important conservation goals in the future.
FOR THE BOARD OF DIRECTORS SAND COUNTY FOUNDATION
Brent M. Haglund, Ph.D. President
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