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Applying for an indirect cost rate (ICR) for federal awards
Hello,
Has anyone been through the process (recently) of applying for a federal indirect cost rate? We are looking to apply in the near future and I’m looking for tools, advice, or helpful tips. Thanks in advance!
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3 Replies
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Hi Crystal – I encourage those in our community with direct experiences with calculating and negotiating ICRs to share their thoughts and input here. But in the interim, the National Council of Nonprofits has some helpful tips https://www.councilofnonprofits.org/articles/consider-adding-federally-negotiated-indirect-cost-rate-your-revenue-portfolio?gad_source=1&gclid=CjwKCAjwgfm3BhBeEiwAFfxrG7YWyOKrP6_rjNPSf7kPP3CCqKXj6usKEgmwKRBUCbnR5YzcpD5GOBoC3tAQAvD_BwE
councilofnonprofits.org
Consider adding a federally negotiated indirect cost rate to your revenue portfolio
You may want to consider adding a federally negotiated indirect cost rate agreement (NICRA) to your revenue portfolio, because it can add more resources.
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Hi Crystal.
We are going through that process right now.
I can answer any questions you may have.
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Negotiating a rate like this is a big pain. As of this month, the de minimus rate was increased to 15% from 10%. You might want to consider just taking this default rate. The time saved is worth considering.
