Elon Musk
@elonmusk
Can you believe that universities with tens of billions in endowments were siphoning off 60% of research award money for “overhead”?
What a ripoff!
NIH@NIH· Feb 7, 2025Last year, $9B of the $35B that the National Institutes of Health (NIH) granted for research was used for administrative overhead, what is known as “indirect costs.” Today, NIH lowered the maximum indirect cost rate research institutions can charge the government to 15%, above
12:29 AM · February 8, 2025 · 18.2M views
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