Does the Endowment fund indirect costs, and if so, what percentage?
The Endowment recognizes the challenges for a non-profit organization to cover its overhead costs especially when grant funded; therefore we constantly strive to develop a clear definition and a fair methodology that meets the needs of our Grantees. The indirect rate is based on a maximum rate of 15% of the salary, fringe benefits and other direct costs for the project. See Budget Guidelines for more information.
