Almost all federal grants and some foundation and government grants allow payment of fringe benefits or indirect costs. Colby's federally negotiated rates are as follows:
- Fringe benefits
- 29.3% of salaries for faculty and staff year round
- 7.65% of salaries for students in the summer
- 0% for students during the academic year
- Indirect Costs
- 53.0% of salary for all salaries, faculty, staff, and students
Note: The faculty benefit rate is reduced by 8% on compensation over-and-above the base salary (which is almost always on summer research salaries). Thus, in this case, the rate would be 21.3%.
If you have questions about when to apply these rates in preparing a proposal, call Seven Grenier (x4341) or Scott Smith (x4123).
