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EXIBHIT B <br />SHINNYO-EN FOUNDATION GRANT <br />TO <br />REDWOOD CITY 2020 <br />FOR <br />"Stanford Public Interest Network (SPIN) Shinnyo Fellow" <br />Project Budget* <br />Shinnyo-en Foundation Grant: $50, 000 for one year <br />Total Expenditures: $53,500 <br />• Fellow's Salary: $33,218.41 <br />• Fellow's Benefits: $16,751.41 <br />• Supervisory Compensation: $3,000.00 <br />• MISC Support (e.g., professional development or travel stipend): $530.18 <br />Salary and Benefits Details <br />Monthly 11 month Total Notes <br />Salary <br />$3,019.86 <br />$33,218.41 <br />PERS: Approximately <br />Fellows Benefits <br />2%@62 tier <br />(PERS, FICA, Health <br />FICA: 6.25% employee <br />Insurance, Medicare, <br />contribution. Health: Kaiser <br />Unemployment/SUI) <br />$1,522.86 <br />$16,751.41 <br />on 90% plan <br />Supervisory <br />Compensation <br />$3,000.00 <br />1 Estimated <br />Professional development <br />MISC. Support <br />$530.18 <br />and/or travel <br />;1 <br />Total <br />$53,500* 1 <br />* Redwood City 2020 is committed to raise $3,500 to make up for the difference between <br />the awarded grant amount and the total expenditures. <br />** Any changes or adjustments to the project budget require prior approval by Shinnyo- <br />en Foundation. Please submit your request in writing to the Program Director. <br />REV: 05-15-19 RL <br />Page 6 of 6 <br />ATTY/AGR.2019.131/Shinnyo-en Agreement FY2019-20 <br />