The Indirect Cost Recovery Fund subsidizes this incentive program. The Indirect Cost Incentive Award provides for the distribution of a portion of recovered indirect costs (sometimes known as facilities and administration costs) to employees as an incentive for submission of grants. Funds can be used for professional activity and future grant activity. Employees must request an incentive award when they submit the internal tracking sheet. This incentive award will be allocated on a case-by-case basis under the following guidelines:
- Grants up to $10,000 are eligible for an award of up to $250
- Grants $10,001 – $49,999 are eligible for an award up to $500
- Grants $50,000 and above are eligible for an award up to $1000