@bruxanne.bsky.social
Fringe rates cover mandatory taxes, retirement, health benefits, not the same as indirect costs. The fringe rate at Rutgers is 23.47% and is charged against all salaries no matter the funding source. The research indirect cost rate is 57% and is charged to grants by federal law.
February 8, 2025 at 3:52 PM
Fringe rates cover mandatory taxes, retirement, health benefits, not the same as indirect costs. The fringe rate at Rutgers is 23.47% and is charged against all salaries no matter the funding source. The research indirect cost rate is 57% and is charged to grants by federal law.
Universities can’t increase fringe rates, those are taxes and benefits; they are contractually obligated to spend funds as stated in the award. There would be no way to cover those funds.
February 8, 2025 at 5:25 AM
Universities can’t increase fringe rates, those are taxes and benefits; they are contractually obligated to spend funds as stated in the award. There would be no way to cover those funds.
The IDC rate at UChicago is 64% of modified total direct costs (excluding equipment and graduate student tuition) and we had $894M in funded awards last year. This would decimate research across the board.
February 8, 2025 at 5:22 AM
The IDC rate at UChicago is 64% of modified total direct costs (excluding equipment and graduate student tuition) and we had $894M in funded awards last year. This would decimate research across the board.