The No Subsidies for Wealthy Universities Act limits indirect costs for federal research awards to institutions of higher education with substantial.
The No Subsidies for Wealthy Universities Act establishes limits on indirect costs for federal research awards to institutions of higher education. It prohibits federal research award funds from being used for indirect costs for institutions with endowment funds valued at more than $5 billion. For institutions with endowment funds valued between $2 billion and $5 billion, it limits the indirect cost rate to 8%. For other institutions, the indirect cost rate is capped at 15%.
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