Chapter 6 - Faculty Policies and Standards

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:

1. 50% will go to the college general fund.
2. 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.
3. 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%.