2023 STAR Workshop # 1 – Indirect Costs of Research: The Full Story – Jan. 18, 2023
Session Description
January 18, 2023 @ 10:30 am - 12:00 pm EST
This session will outline the purpose of Indirect Costs of research (IDCs) and how they are generated and distributed back to the Academic Divisions. We will differentiate the ways in which the sponsors who fund our research calculate and award indirect research costs, and how those funds flow back to each Division.
By describing the full indirect cost cycle which includes activities not easily visible, we will provide a complete picture of how this important funding stream supports U of T research.
Presenters:
Jeremy Knight, Director, Research Development, Research Services Office, VPRI
Tara Train, Manager, Partnerships, Innovations, Partnerships and Entrepreneurship, VPRI
Donna Walker, Director, Research Financial Reporting & Audit, Research Oversight and Compliance, VPRI
See the STAR program for resources and to learn about past events.
*The STAR events are specifically intended for U of T staff administering research, such as business officers, research administrator/facilitators, strategic research officers, finance-related staff, and faculty.
Learning Objectives
- Understand the true cost of U of T’s IDC and the impact of the IDC funds recovered from sponsors
- Understand the two types of IDCs: (a) IDC on individual research projects and (b) the federal Research Support Fund (RSF)
- Understand the flow of IDCs generated by research grants through central administration and to the Academic Divisions, including critical timing (e.g. slip year vs fiscal year)