The Illinois Institute of Technology (IIT) has a new indirect cost (IDC) rate agreement with the federal government dated March 9, 2015.
The new IDC rates listed below apply to federal grants and contracts for research, training and other public service projects awarded to Illinois Tech during the period June 1, 2015 through May 31, 2019.
| Type | From | To | Rate (%) Location | Applicable to | |
| Predetermined | June 1, 2015 | May 31, 2019 | 53.00 On-Campus | Organized Research | |
| Predetermined | June 1, 2015 | June 1, 2019 | 24.00 Off-Campus | All Programs | |
| Predetermined | June 1, 2015 | June 2, 2019 | 34.00 On-Campus | Instruction | |
| Predetermined | June 1, 2015 | June 3, 2019 | 24.00 Moffett Ctr. | Non-FDA Programs | |
| Predetermined | June 1, 2015 | June 4, 2019 | 11.00 Moffett Ctr. | FDA Programs | |
| Provisional | June 1, 2019 | May 31, 2021 | Use same rates and conditions as those cited for fiscal year ending May 31, 2019 | ||
The new indirect cost rate agreement is located on the Controller’s Office site here.
In addition, fringe benefit rates for June 1, 2015 through May 31, 2016 (FY16) are as follows:
| Type | From | To | Rate (%) Location | Applicable to |
| Fixed | June 1, 2015 | May 31, 2016 | 20.80 All | Full-time Faculty |
| Fixed | June 1, 2015 | May 31, 2016 | 23.00 All | Full-Time Staff |
| Fixed | June 1, 2015 | May 31, 2016 | 7.70 All | All Part-Time Faculty and Staff |
| Provisional | June 1, 2016 | May 31, 2018 | Use same rates and conditions as those cited for fiscal year ending May 31, 2016 | |
Contact Nancy Ptak with any questions you may have regarding the new IDC rate agreement by phone at 312.567.3311 or by email at nptak@iit.edu.