Here is evidence that the rather hefty investment in “Diversity Programs” at Ivy League institutions as been a real waste of money.

A new film is about to debut at the famous Sundance Film Festival, and it focuses on race-based misconceptions that whites at those schools still supposedly have.

Cloaked in satire, the film tackles racial identity at a fictional, predominantly white Ivy League institution.

The title of the film comes from a character’s campus radio show that addresses white people’s misconceptions about black culture.

For example: “Dear White People, Listening to Flo Rida does not make you ‘practically black.’ ”

The film marks the feature debut for director and screenwriter Justin Simien, 30. He began the script in 2007 after graduating from Chapman University, a private school in Orange, Calif. Simien says he drew largely from his own experience at the predominantly white institution in crafting the film.

Leaving his native Houston, Simien felt “exoticized for being black” when he got to Chapman. According to Chapman’s fall 2012 enrollment data, only 94 of 5,681 undergraduates identified as black or African American.

“People had a lot of assumptions about me as a black person,” Simien says. “That gray area toggling between how black should I or should I not act depending on who I’m around, not even fitting in with the black kids at first, not knowing where to fit in — that was the experience that I found myself having as I became an adult and entered the workforce. You sort of realize that all of us were having that experience.”

A shared experience, yet Simien says no movie has yet to approach the issue directly. This fueled his desire to start a conversation about a traditionally sensitive subject.

“When you talk about being black, people who aren’t black tend to sort of (think), ‘Well is that racist?’ People feel they may be attacked by it,” Simien says. “But getting past that initial knee jerk reaction, there’s actually wonderful dialogue that can happen.”

Simien set his film at an Ivy League to develop a “microcosm” of America and to create what he considers a “more heightened experience of college.”

Like Simien, Nandi George, a junior business major at Chapman and president of the Black Student Union, struggled to find her identity when starting college.

“When you come to a predominantly white campus, you’re saying to yourself, ‘Should I join a sorority and try and fit in that way or join BSU and be seen as militant or too black?'” George, 20, says.