Imagine that one evening you go out to a neighborhood restaurant and order a steak dinner. It is delicious, and everything is going well — until the check comes, and you demand that the proprietor ...

Funding direct costs supports the expenses that can be specifically identified with a particular project such as researchers, supplies and travel. Funding indirect costs supports the critical ...

The recent announcement that the National Institutes of Health would cap reimbursement of facilities and administrative (F&A) costs on research grants at 15% would significantly slow or cease ...

Jay Greene is a senior research fellow in the Center for Education Policy at The Heritage Foundation. Defenders of 60% overhead rates, however, insist that they absolutely need this money to cover ...