New Coeus Indirect Rate-Type: Foundation

VUMC’s Office of Sponsored Programs (OSP) recognizes that foundations who sponsor VUMC projects may not award budgets inclusive of our full indirect costs. In such situations we accept either the foundation’s published policy or, in the absence of published policy, a minimum of 15% indirects on total direct costs. Pursuant to this approach, on Monday April 22, Coeus will debut a new indirect cost rate option that will charge TDC 15% by default for foundations. Of course, users can override this rate to match the foundation’s published policy if needed. This might be a good time for a review: Modified Total Direct Costs (MTDC): VUMC and the federal government periodically negotiate indirect cost rates applicable to federally funded projects. Not all direct charges receive corresponding indirects. Equipment, patient care, and subcontract costs over $25,000 are excluded from MTDC. In Coeus, several indirect rate-types qualify as MTDC, including ‘Research,’ ‘Sponsored Training,’ and ‘Other Sponsored Activities.’ Coeus automatically excludes these costs for

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The More You Know: Indirect Costs and Foundation Awards

OSP often receives questions regarding indirect costs on foundation awards. If a foundation does not allow indirect costs, OSP requires a copy of the sponsor’s published policy before submission. VUMC Finance will also request this documentation when a center request is submitted. Departments must provide a center for the mandatory 5% IDS before the center request can be processed.