Indirect Cost Rebate
Each year, the Office of Research credits an amount equal to 10% of the indirect costs from sp[onsored projects during the preceding fiscal year (June 1-May 31) to the investigators' indirect cost rebate (ICR) fund.
Effective FY21, the timeline for this process is as follows:
December 31: Earned rebate amount from prior fiscal year (June 1-May 31) communicated to PIs and request process to share with co-PIs opened
January 31: Deadline to indicate share of ICR with co-PIs
May 1: Updated ICR balances communicated and budget request process commences
May 31: Decisions made and communicated for all requested budget for new year
June 1: Budgets available for spending