Congrats Ruben! You are now on point!…

um…only Seniors use the ticket counter…🤷‍♂️

This youtube video, also from AAU, is great for friends and families that might not understand. www.youtube.com/watch?v=yxTD...

This seems like the likely strategy to placate the red state senators whose universities are being savaged…

It’s also important to understand that if a foundation allows 10% IDC, and the negotiated IDC is 50%, the 40% “shortfall” MUST be paid by the institute from OTHER sources. Typically from interest on the endowment. So taking foundation grants has a cost.

Now NIH grants will too.

Here’s a document meant to prep for this possibility from a law firm:
www.ropesgray.com/-/media/File...

The indirect costs are real, and the money has to come from somewhere. Shortfalls are usually absorbed by the endowment. But this sudden hit has no viable solution for universities.

You can be sure that every university president is on the phone with their senators.
what remains to be seen is their appetite to stand against truly harmful executive actions.

This is grim news for biomedical research in the USA.