To make the budgeting process easier for Principal Investigators who have funded grants, Marquette has negotiated a new federally-approved flat fringe benefit rate for all external grant applications, which went into effect July 1, 2019.
According to the Office of Research and Sponsored Programs, many institutions, including Boston College, Creighton University, Loyola University Chicago, St. Louis University, UW-Milwaukee, Syracuse University, Villanova University, and the University of Notre Dame, use the flat fringe benefit method.
The new rate only affects faculty, staff and students who are grant funded. This is strictly an accounting process and will not change the actual benefits received.
Existing awards and proposals submitted prior to July 1, 2019 will be charged the prior rates as long as the new rates are not exceeded and the existing fringe benefit line for that individual is exhausted.
The rate will increase the accuracy of the amount budgeted verses the amount charged to the grant. The rate will be 27.76 percent for faculty and staff, and 0.56 percent for all students. The same rates will be charged regardless whether during summer or the academic year and will apply to both full-time and part-time employees. Rates are approved on an annual basis, so the rates may change by a small amount from year to year.