3 days ago · Indirect costs are, by their very nature, “ not readily assignable to the cost objectives specifically benefitted” and are therefore difficult for NIH to oversee. See Grants Policy Statement at I-20. Yet the average indirect cost rate reported by NIH has averaged between 27% and 28% over time. And many organizations are much higher ...

Oct 1, 2023 · F&A (indirect) cost pools must be distributed to benefitted cost objectives on bases that will produce an equitable result in consideration of relative benefits derived.; however, other documents or non-NIH entities may refer to them as indirect costs.

2 days ago · The agency estimated that it could save $4 billion by capping indirect costs at 15%. ... The memo noted that the average indirect costs rate for organizations receiving NIH grants was between 27% ...

3 days ago · Typically, about 30% of an average NIH grant to an institution is earmarked for indirect costs, according to NIH, but some universities get much higher rates. In 2023, NIH, the world’s largest funder of biomedical research, spent nearly $9 billion on indirect costs; the change would likely leave research institutions needing to find billions ...

Oct 1, 2023 · To facilitate equitable distribution of indirect expenses to the cost objectives served, it may be necessary to establish a number of pools of F&A (indirect) costs. F&A (indirect) cost pools must be distributed to benefitted cost objectives on bases that will produce an equitable result in consideration of relative benefits derived.

An indirect cost is any cost not directly identified with a single, final cost objective, but identified with two or more final cost objectives or an intermediate cost objective. It is not subject to treatment as a direct cost.

Dec 22, 2022 · In your application, you also request facilities and administrative (F&A) costs, often called indirect costs, to pay for common or joint objectives that cannot be readily identified with an individual project or program.

An indirect cost is any cost that cannot be easily identified (or it would not be cost effective to identify) to a specific project, but identified with two or more final cost objectives. There are three types of indirect costs: Fringe Benefits: services or benefits provided to employees, e.g., Health Insurance, Payroll Taxes, Pension ...

2 days ago · The new NIH policy will cap that indirect cost rate at 15%, effective immediately. FILE - The main building of the National Institutes of Health is seen in Bethesda, Md., in this Aug. 17, 2009 ...

3 days ago · (A summary of the types of investments indirect costs support is here.) For Stanford, the cap announced Friday would represent a reduction in NIH funding of approximately $160 million per year.