The University of Michigan Office of Research and Sponsored Projects (ORSP) and the Finance Office of Sponsored Programs have formed an OMB Uniform Guidance Task Force to evaluate and assess impact and implications. The Task Force will maintain a portal page with information to share.
After thorough consultation with U-M stakeholders and benchmarking against U-M's peer institutions, ORSP announces a change to the standard indirect cost rate to be used in proposals to foundations and non-profit sponsors. Additionally ORSP announces an update to the University's SOP on indirect cost policy, effective May 1, 2014. The University's policy continues to require the full recovery of indirect costs whenever possible. Read more on the Indirect Cost Recovery policy and the new IDC rate for non-profits.