Indirect Cost Incentive Fund
Western State College of Colorado established the “Indirect Cost Incentive Fund” that holds the Finance and Administration Costs collected on federal grants for distribution.
The Indirect Cost Incentive Fund provides for the distribution of a portion of recovered indirect costs (also known as Facilities and Administration or F & A ) to departments and programs as an incentive for professional activity and future grant writing.
For indirect cost recovery of up to $20,000, 50% will be distributed to the principle investigator’s (PI’s) department or program. The portion of indirect cost recovery that exceeds $20,000 will be distributed to the PI’s department or program at a rate of 5%.
If more than one PI or more than one department or program collaborates on the submittal of a grant proposal, the PI’s will determine if and how the Indirect Cost Incentive Funds will be distributed to multiple departments or programs. Cooperating PIs should come to an agreement regarding this distribution of Indirect Cost Incentive Funds prior to submission of the grant proposal. This agreement should be submitted to the Office of Sponsored Programs along with the tracking sheet prior to submission of the grant proposal.
The calculation of Indirect Cost Incentive Funds to be allocated to the PI’s department or program is based on the total indirect costs recovered for the project, regardless of the length of the granting period.