6.12 POLICY ON
GRANT OVERHEAD MONIES
6.12.1 Distribution
of Overhead Monies
Overhead monies,
at the established percentage rate, will be divided three ways:
- 50% will go to
the college general fund.
- 25% will go to
a restricted fund in the Provost's Office for the support of research
throughout the college. The Provost will submit a report to the departments
each year on how the funds have been spent.
- 25% will go to
a departmental restricted account for supporting research within the
department. The department chair will submit a report to the dean each
year on how the funds have been spent.
6.12.2 Minimum
Overhead Rate
At times, it may
be desirable to request an overhead rate which is lower than the approved
rate. Requesting a lower rate reduces the overall budget for a proposal
and the reduction can be specified as a college contribution to the project.
This may increase the probability for funding.
Grant proposals should
not request less that 50% of the approved overhead rate (if overhead is
allowed). If a rate lower than 100% is thought to be appropriate, the
proposal writer must have prior approval from the department chair to
forego any or all of the department's 25% and from the academic dean to
forego any or all of the Provost's Office 25%.
