Are there any exceptions to the FAS/SEAS policy requiring a minimum 15% overhead on sponsored funding?

Assessments are categorically waived on the following classes of funds: Financial aid, or other student support; grants for construction; grants for equipment and instrumentation; assessments that are limited or prohibited by law or other governmental restriction. Capital equipment expenditures on sponsored awards are also exempt from this policy. Of further note, it is recognized by FAS/SEAS that postdoctoral fellowships, early career awards, and sabbatical fellowships normally have a specific limit to assessments or indirect cost rate. FAS/SEAS will recognize any assessment/IDC limits to such awards, and does not need further action, such as a waiver or direct charge of other costs.