Indirect Cost Rate

Indirect Cost, also referred to as Facilities and Administrative Costs, means costs that are incurred for common or joint objectives and therefore cannot be identified readily and specifically with a particular sponsored project, an instructional activity, or an any other institutional activity. Indirect cost is taken on all Modified Total Direct Costs (MTDC), which, as defined in OMB Circular A-21, consist of salaries and wages, fringe benefits, materials and supplies, services, travel and subgrants, and subcontracts up to the first $25,000. Excluded from the base for indirect cost are equipment, tuition, and service center costs (publications, vessels, and analytical services).

Computation

Indirect cost is computed by multiplying the MTDC by the indirect cost rate.

Reduced indirect cost must be approved in advance by the Director of Research and Advisory Services.

Fiscal Year Period Rate
FY 2020-2021 47.60 Percent
FY 2018-2019 38.00 Percent
FY 2013-2014 44.00 Percent
FY 2011-2012 48.00 Percent
FY 2009-2010 43.00 Percent
FY 2007-2008 45.00 Percent
FY 2005-2006 47.45 Percent
FY 2003-2004 47.78 Percent
FY 2001-2002 40.93 Percent
FY 1999-2000 46.14 Percent

To view a copy of VIMS' indirect cost rate agreement, click here:  FY 2020-21 F&A Agreement

updated 10/17/2019