Indirect costs is sort of “taboo,” “hush hush,” and the last thing people want to talk about. However, it is the most critical piece to an organization surviving. Without HR, you have no employees for your programs. Without Finance, you have no way to pay for the HR person to hire the employees for your programs. There is no program (direct cost) without support (indirect cost). Together they equal your true costs of service.

Learning Objectives:

• Benefits of having a negotiated indirect cost rate

• How to leverage your rate once approved

• Limitations of not having a negotiated indirect cost

• Why recovering funds left on the table is critical