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 the Corporate and Foundation Relations office within the Advancement Division in Cruickshank Alumni Hall. The Corporate and Foundation Relations office 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