According to the lawsuit, a reduction in the NSF indirect cost rate to 15% would result in an “annual loss of approximately $14.8 million to Caltech’s planned research budget.” An awarded grant consists of direct costs, which fund the research itself, and indirect costs, an added percentage that covers overhead such as infrastructure and administration. Caltech currently has 210 active awards and subawards from NSF. In Fiscal Year 2024, the Institute spent over $93 million on NSF-suppor...
