Policy on Institutional Indirect Costs:
It is the policy of the Cavalier King Charles Spaniels Charitable Trust (ACKCS) that the Trust will pay indirect costs of 8% to our grantees, however indirect costs must be included in the overall request for funding, not in addition to the requested project funds.
The rates provided above are the maximum rates allowed under this ACKCS Charitable Trust’s policy. A grantee with an actual indirect cost rate lower than the maximum rate provided above should not increase the funding request to the maximum allowed.
The Cavalier King Charles Spaniels Charitable Trust defines indirect costs as:
- Overhead expenses or ongoing operational costs incurred by the applicant institution on behalf of the institution’s activities and projects, but that are not easily identified with any specific project.
- Administrative or other expenses which are not directly allocable to a particular activity or project.
Expenses related to general operations of the institution that are shared among projects and/or functions.
- Basic examples include executive oversight, existing facilities costs, accounting, grants management, legal expenses, utilities, and technology support.