May 5: NSF issues policy change on IDC

The National Science Foundation (NSF) has issued a Policy Notice to apply a standard indirect cost rate not to exceed 15% MTDC to all grants and cooperative agreements awarded to IHEs. This policy applies to new awards made on or after May 5, 2025. Ongoing awards issued prior to this date, including supplements and continuing grant increments, are not required to amend budgets or return previously reimbursed indirect funds.

Last modified: May 15, 2025