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.
Below is a Quick Reference Guide to information usually required when seeking external funding:
| 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 |