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This document is used to request a reduction or waiver of indirect costs for externally funded projects at Stephen F. Austin State University, including necessary details about the proposal and sponsor

How to fill out indirect cost reduction waiver

How to fill out Indirect Cost Reduction / Waiver Request

1. Obtain the Indirect Cost Reduction / Waiver Request form from the relevant authority or website.
2. Carefully read the instructions provided on the form to understand the submission process.
3. Fill in your personal or organizational information, including name, address, and contact details.
4. Clearly state the reason for your request for reduction or waiver of indirect costs, providing supporting justification.
5. Gather and attach any necessary documentation that supports your request, such as budget details or project descriptions.
6. Review your completed form for accuracy and completeness, ensuring all required fields are filled out.
7. Submit the completed form and supporting materials to the designated office or individual, either electronically or by mail, as specified in the instructions.

Who needs Indirect Cost Reduction / Waiver Request?

1. Organizations or individuals seeking financial assistance for projects that may not cover full indirect costs.
2. Non-profit organizations applying for grants that allow for indirect cost reductions.
3. Research institutions looking to limit indirect costs on federally funded projects.
4. Any entity that finds the standard indirect cost rates prohibitive to their funding or operational needs.

People Also Ask about

What is an example of an indirect cost policy?

Examples of such costs include finance and accounting support, human resources, bank fees, board meetings, and fundraising. In submitting a project budget, grantees will not be required to quantify these indirect costs.

How to get a federally negotiated indirect cost rate?

If you are a unit of government and would like to request a negotiated indirect cost rate agreement (NICRA), and EDA is your Federal cognizant agency for indirect costs, you must prepare your full indirect cost rate proposal (ICRP) in ance with 2 CFR part 200 and it is recommended that you use the templates

What is the indirect cost exemption?

Research Policy Analysis and Coordination An indirect cost exception is the official authorization to accept indirect cost recovery other than what would be recovered under the appropriate federally-negotiated rate agreement or UC Rate for a given award.

What is an example of an indirect cost?

Examples of indirect costs include rent for office space, utilities, administrative salaries, accounting, legal services, general office supplies, and general office equipment.

What does IDC mean in grants?

Indirect costs (IDC) represent the expenses of doing business that are not readily identified with a particular grant, contract, project function or activity, but are necessary for the general operation of the Local Education Agency (LEA) and the conduct of activities it performs.

What are the three methods for allocating indirect costs?

Below are three of the most common methods of distributing indirect costs. Method A distributes indirect costs using a rate that includes personal services or total costs. Method B distributes indirect costs by a rate calculated by hours. Method C distributes indirect costs by a rate calculated by usage.

What does IDC cover?

Direct costs can include personnel costs, travel, supplies, etc. The Indirect Costs (IDC, also known as Facilities & Administrative cost/F&A) of a sponsored project are general institution expenditures incurred for common or joint objectives that cannot be identified readily with a particular project.

What is covered under indirect costs?

The costs of operating and maintaining facilities, depreciation, and administrative salaries are examples of the types of costs that are usually treated as indirect costs.

For pdfFiller’s FAQs

What is Indirect Cost Reduction / Waiver Request?

An Indirect Cost Reduction / Waiver Request is a formal appeal made by an organization to reduce or waive the indirect costs associated with a grant or funding agreement, typically due to specific circumstances that justify the request.

Who is required to file Indirect Cost Reduction / Waiver Request?

Organizations or entities that receive federal or state funding and wish to reduce or waive their indirect costs associated with grants or contracts are required to file an Indirect Cost Reduction / Waiver Request.

How to fill out Indirect Cost Reduction / Waiver Request?

To fill out an Indirect Cost Reduction / Waiver Request, an entity generally needs to complete a specific form provided by the funding agency, detailing the reasons for the request, accompanying documentation, and any calculations that substantiate the request for cost reduction or waiver.

What is the purpose of Indirect Cost Reduction / Waiver Request?

The purpose of the Indirect Cost Reduction / Waiver Request is to allow organizations flexibility in managing their budgets, ensuring that more funds are available for project-related expenses rather than being allocated to indirect costs.

What information must be reported on Indirect Cost Reduction / Waiver Request?

The information that must be reported usually includes the organization’s name, the specific project or grant associated with the request, a detailed justification for the reduction or waiver, relevant financial data, and any supporting documentation that demonstrates the need for the adjustment.