Understanding and working with a sponsor’s Indirect Cost (IDC) policy is one of the most important parts of the research process, especially when the policy is substantially different than that which is followed by your institution. Differences in even just a percentage point or two can substantially impact a budget, and thus it’s important to be aware of the most up-to-date protocols for the funding entity from you which you wish to receive support.
Recently, the Bill and Melinda Gates Foundation updated their IDC policies, and many of the alterations are quite substantive. For example, while the standard Gates IDC rate remains at 10%, non-governmental organizations, international organizations and non-U.S. universities can avail a 15% F&A rate. Additionally, and perhaps most importantly for JHSPH and our colleagues, IDC can now be applied to the entirety of a subrecipient’s budget and not only the first $100,000. However, the Gates Foundation reserves the right to modify any such disbursements at its discretion.
Please take a look at the new policies, and, as always, if you have any questions, don’t hesitate to contact ORA.