Indirect costs are a major cost component of all research projects. They are necessary costs for research activities and represent approximately 25-30% of the total project costs. Since February 2025, several agencies have proposed to cap that rate at 15% of Modified Total Direct Costs which would result in a severe loss of reimbursement to research institutes and cripple US research endeavors. The JAG has proposed a brand-new cost model (FAIR Model) to provide more accounting and recovery of actual costs to research. This webinar will highlight the FAIR Model, its status for start date and strategies for implementation, if it becomes a final policy for research cost reimbursements.
Content Level: Intermediate
Learning Objectives:
- Understand the new cost model for research costs reimbursement proposed by the FAIR Model. Comprehend the relations between the former UG cost pools and the new FAIR cost pools.
- Develop internal plan and strategies for implementation, if the model policy is finalized.
Speaker(s): Robert Cohen, MBA, CPA, Managing Director, Higher Education and Academic Medical Affairs, Attain Partners; Gil Tran, CPA, Senior Specialist Leader, Grants, Attain Partners; Karen Renaud, MBA, CRA, Director of Research Finance, Boston Children's Hospital