| Section: |
General Administration |
Section Number: |
1.4.2 |
| Subject: |
Grant Proposal Indirect Cost |
Date of Present Issue: |
07/02/01 |
| |
Date of Previous Issues:
08/82, 07/87, 01/88, 08/00 |
POLICY:
It is the policy of Lake Superior State University to include an amount for
indirect overhead costs in all budgets for grants and contracts unless expressly
prohibited by the grantor agency or unless the President or appropriate Vice
President waives recovery of the indirect costs.
The federally-negotiated indirect cost rates for the University are:
- On-campus projects: 49 percent
- Off-campus projects: 22 percent
These rates are in effect until amended. When a change in rates is negotiated,
the Director of Grants and Contracts shall notify interested parties of the
new rate.
Any indirect costs recovered shall be designated as follows:
10% Principal Investigator or Project Director (to be used for professional
development/university activity)
25% College or Administrative Unit
65% University (to recover costs)
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