Victor Family Foundation

EXHIBIT A

INDIRECT COST POLICY VICTOR FAMILY FOUNDATION

The Victor Family Foundation, a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code classified as a private foundation (the "Foundation"*), has established this indirect cost policy to standardize and provide guidance to organizations that may receive grants from the Foundation to support specific projects. The Foundation is committed to maximizing the impact of its grantmaking, while also recognizingthe indirect costs incurred by charitable and scientific research institutions in conducting their scientific research or other charitable activities. This indirect cost policy is intended to be consistent with that of many grantmaking organizations and certain government entities that have flat or maximum rates that cap the amount from a grant that agrantee can allocate to indirect costs. The Foundation's policy helps ensure that as much of its grant funds awarded are used for direct project costs as possible, and that its assets are used solely in furtherance of its charitable purposes.

Indirect costs, also known sometimes as Facilities and Administrative (F&A) costs, are overhead expenses incurred as a result of the grantee's project but not easily identified with the project's activities. These are administrative expenses that are related to the grantee organization's overall general operations and are shared among other grantee projects and/or functions.

The following examples of direct grant project costs and indirect costs are for illustrative purposes only, and are not meant to be an exhaustive list. In awarding grants, certain costs may bebudgeted as either direct grant project costs or indirect costs depending on the nature of the activity and of the expense, in the Foundation's sole discretion.

DIRECT GRANT PROJECT COSTS

• Personnel costs (wages and benefits) of staffin proportion to their time spent working on the grant-funded project.

• Professional fees for consultants workingon the grant-funded project.

• Travel expenses directly related to the grant-funded project.

• Supplies and materials used exclusively for the grant-funded project.

• Costs to attend meetings and conferences associated with the grant-funded project.

Authorized sub-grants made to other organizations to directly support work on the grant- funded project.

INDIRECT COSTS

• Personnel costs (wages and benefits) of grantee organization's administrative and fundraising staff for time spent working on activities unrelated to the grant-funded project.

Professional fees for consultants working in administrative and fundraising functions. Rent and occupancy costs for facilities (including office space) not directly related to the grant-funded project (e.g. costs associated with administrative and fundraising functions,

or costs associated with occupancy divided betweenother projects). Occupancy costs include, without limitation, maintenanceexpenses and building depreciation.

• Utilities, telephone and internet costs not directly related to the grant-funded project. • Insurance costs, bank fees, credit card fees, and interest expenses.

Grantees subject to this policy must properly itemize and retain records substantiating project direct and indirect costsas required under the applicable grant agreement. Grantees will be required to provide the Foundation with copies of such financial documentation upon request, and the Foundation may audit grant expenditures to ensure compliance with this policy.

MAXIMUM INDIRECT COST RATE

The maximum indirect costs/overhead that a prospective grantee may include in a grant budget is 12% of total direct costs. As an example, if a grantee's direct costs total $100,000, then n o more here $12,000 may be allotted to indirect costs. This means that if the total grant is $112,000, no more than $12,000 may be allotted to indirect costs, with the remainder of the grant funds to be used solely on direct costs of the grant project. Once a grant has been awarded, funds cannot be transferred out ofdirect costs to cover indirect or overhead costs even if less than the maximum allowed indirect costs was requested (less than 12% of the grantee's budget for direct costs).

The rate provided is the maximum rate allowed under the Foundation's policy; each grantee's rate will be negotiated and determined upto the maximum on acase-by-case basis. A grantee with an actual indirect cost ratelower than the maximum rate should not increase the funding request to the maximum allowed. When there is a sub-grantee, overhead costs should be shared fairly between the grantee and such sub-grantee (e.g. in proportion to the percentage amount of the budget split held by each, or in proportion to the occupancy and other administrative costs

actually borne by each). IMPLEMENTATION

This policy applies to all new and renewing project-specific grants in excess of $50,000 awarded by the Foundation on or after the date of adoption. Grant agreements will specify the terms related to indirect cost recovery, in accordance with this policy.

The Foundation recognizes the diversity ofinstitutions it supports and the varying costs of conducting research andproviding charitable programming. This policy aims to balance the need for institutional support and administrative functions with the Foundation's mission to fund impactful research and charitable services efficiently and effectively.