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If you have 2 PIs from 2 different institutions, do both institutions get their full F and A (Facilities and Administrative) costs, in which case youd lose a lot out of that $300K to indirects?

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If you have 2 PIs from 2 different institutions, do both institutions get their full F and A (Facilities and Administrative) costs, in which case youd lose a lot out of that $300K to indirects?

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Correct. Each institution is entitled to their negotiated indirects (F&A) unless they choose to waive that right and they must do so in writing.

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