New fringe benefits rate posted

The fiscal year 2015 fringe benefits rate has been posted to our Institutional Information page (at the bottom). Please use these rates for any applicable grant proposal that will start after July 1, 2014.

A reminder: Fringe benefits are only directly budgeted into a grant if we are not receiving our full on-campus or off-campus indirect cost rates.

Fordham has a NEW Indirect Cost (F&A) Rate

As of July 1, 2013, our on-campus rate is going up to 78.5% and our off-campus rate is going up to 39%. As a reminder, these are the rates we must use when there is no cap on the F&A rate for a grant proposal. Our full rate is calculated against our salaries and wages only, and includes our fringe benefits. If there is a cap on F&A for a grant proposal, you must use the capped rate on the total direct costs, not just Fordham personnel costs.