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DOC 0000017432
Page 63
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"X
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3 A
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S.
10 1077
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6
XI.
Resultant Financial Saving.
The $125. 000 to be contributed by CIAl>lua^h^$l 257000 in matching funds
provided under P.
L.
221 to the Building Fund will be more than offset
in a few years by the savings which will result from ug^s of this non-profit
fund.
If a research project a i
or other educa-
tional non-profit institution is sponsored by the U.
S. Government,
it
is customary for the Government to pay for salaries,
cquipme,^^.
supplies,
etc, and for overhead as well.
In the case ofJ^p^^Pp
WHNtNKfc the overhead amounts to 80% of sallies.
However,
if a non--
profit foundation such as the
sponsor s research at a
/
non-profit institution,
the funds granted for The wo? k are customarily
used to pay for salaries, equipme nt and supplies but not for overhead.
The Government dollar
thus buys conside rably mor e research through
the
a v> would be the case if no cut -outAvene uted.^u:
XII.
Legal Matter s^
/|
This matter has been discussed with Mr 7
the Office
of General Counselr and he is fully aware pf all details surrounding this
grant.
*
Copy #
^Z.
of 2 copies
8
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