The Proposal Process

Babson College encourages faculty and staff to seek external funds to support projects, programs and research.

Requests for external funds are handled by Corporate, Foundation & Government Relations (CFGR) within the Advancement Division in Cruickshank Alumni Hall. CFGR and the Business Office will work with faculty to:

  • Identify sources of funding
  • Review and interpret agency guidelines
  • Develop proposal budgets
  • Commit internal cash matching funds
  • Edit narrative text
  • Navigate the internal approval process
  • Submit proposals to the funding agencies.
Facilities & Administrative (F&A) Rate (sometimes referred to as Indirect Costs or Overhead; see below for explanation):​
​Federal:  ​59% of Salaries and Wages, does not include fringe benefits.
Non-Federal:​ ​15% on Total Direct Costs (TDC)
Fringe Benefit Rates (% of salary):​
Faculty Academic Year Only:​ 31%​
Faculty Summer Only:​ 7.65%​
Faculty Stipends:​ ​7.65%
​Adjunct Faculty: ​7.65%
​Students Academic Year Only: ​0.0%
​Students Summer Only: ​7.65%
Mileage Reimbursement: ​55.5 cents/mile
Federal Employer ID Number (EIN): 04-2103544​
DUNs Number: ​787552629
NSF Institutional Code: ​0021212000
Electoral District: ​U.S. Congress 4th District
Student Wages: Please go to Human Resources