This too is your money

I noticed this little blurb today

Ohio State signed a new $4 million, three-year contract to operate the USAID-funded PDP in the Ukraine, the world's longest-running, sustained effort to promote democracy. The program is credited with helping Ukraine's legislature pass significant reforms that have contributed to democratic and economic transitions in that country, said Charles Wise, director of the Glenn School and the project's chief executive since its inception in 1994

"Ukraine is a shining star in terms of a having a functioning legislature compared to any other country in the former Soviet Union. They have real contested elections and they make laws that matter," Wise said. "The federal government has called this a 'model' program that can be used as a template in other countries of the world."

The new contract runs from September 2008 through May 31, 2011. The Glenn School will act as a subcontractor for the project, which intends to . . .story here.

Is this $4 million before or after OSU skims its 50+% off the top for operating expenses? Anyone know? I used to be a USAID employee (agricultural credit in developing countries) through a contract at Ohio State, but didn't pay much attention to that stuff then. All I cared about was getting my paycheck. I do remember that with small credit loans to women in developing countries, 100% or more return on the investment (which was probably under $100 dollars) was considered wonderful. Good thing we weren't dealing with the oil companies who get about 8% on their investment.