Indirect Cost Policy at the Board of Medicine

Maximum Indirect Costs

Indirect cost rates are determined by the organization receiving the grant and the maximum allowable rates by The Board are listed below:

  • Government agencies, private foundations: 0%

  • US Universities, US Community Colleges, and other institutions of higher learning, for-profit organizations: 10%

  • Non-governmental organizations, Non-profit organizations, Non-US universities: 10%

The Board of Medicine Funding Philosophy

The Board of Medicine is a nonprofit 501(c)(3) consortium of  physicians, scientists, and subject matter experts working together to provide access to evidence-based, peer-reviewed and data-driven knowledge to ensure the safety of medicine for everyone from elite athletes and military Veterans to patients and caregivers. 

In pursuit of our goals to support harm-reduction, safety, education, and innovation in medicine and public health, we engage in collaborations and initiatives that maximize the reach of our resources to tackle critical problems and provide rigorous research support to novel treatments.

We aim to optimize our sponsored grants for maximum impact while ensuring the cost of delivering results remains effective and reasonable for our partners. We work closely with our partners as they develop their proposals to gain a shared understanding of the total cost needed to execute the project efficiently and effectively. The Board is committed to the success of its collaborators and partners and relies on them to develop accurate and actual direct and indirect costs for the project or program in question. Due to resource limitations, we have implemented a maximum indirect cost rate on most proposals–with a recognition that such restrictions may not align with our partners or their organizations views on funding and associated costs.

Policy Terms

 

The rates above are maximum allowable rates under The Board’s policy and apply to both the primary applicant organization and any sub-grantees. A grantee or their sub-grantees with an actual indirect rate below the maximum rate should not increase their funding request to match the maximum allowed.

The indirect cost rates awarded in a grant budget may vary up to the maximum allowed depending on several factors including the type of project, level of administrative effort required, overall grant size, etc. We reserve the right to request substantiation of any grantee’s indirect cost rate.

We reserve the right to apply this philosophy and principles to contracts across all our funding mechanisms.