Applications to Industry and Other for-Profit Entities Illinois Institute of Technology (IIT) requires all grant applications for external funding include an indirect cost rate (also known as the F&A cost reimbursement rate) : Applications to Federal SponsorsĪll applications to federal sponsors must use our federally negotiated rates as stated in our indirect cost agreement which can be found here. Indirect costs represent those expenses not readily allocable to any single research or training project, but which represents the costs for the University in carrying out research, training activities and other sponsored programs. Note: For expenditure purposes, fringe benefit rates are charged at the rate that is in effect when the expense is incurred.įor a detailed breakdown of fringe benefit rates, contact OSRP at Indirect Cost Information (F&A cost reimbursement rate) Quick Reference Guide: Allowable and Unallowable Costs for Federally Sponsored Projectsįor budgeting purposes proposals with a start date beginning Jor later, the fringe benefit rates will be:Īcademic Year: Faculty: 20.9%, Summer, 8.50%.Budget Template (Including revised budget template). An overview of the budget process is also provided. Budget Templates and Informationīudget and budget justification templates available. If you need assistance with re-budgeting after your project has been awarded, please contact research administration services. Your research administrator in the Office of Sponsored Research and Programs can assist you. As you prepare your project’s budget, please be sure to read the proposal guidelines carefully. The budget for your proposal is the financial expression of the statement of work.
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