Drexel University has submitted the fringe benefit proposal to the U.S. Department of Health and Human Services (DHHS) to establish the fiscal year 2027 fringe benefit rates for sponsored projects. These rates are not final until we receive the official rate letter from DHHS, however, we do not expect any significant changes when they are finalized. It is anticipated that the University will not receive the approved final rate letter for at least three to six months. Therefore, you should begin to utilize these proposed rates on any proposal submissions that will have salary and wages after July 1, 2026, to ensure that you have budgeted adequate funding. Coeus and Banner have been updated to reflect the new proposed rates effective July 1, 2026.
The Academy of Natural Sciences has finalized its negotiation of its indirect cost rates for grants, contracts, and other agreements with the federal government effective July 1, 2025, through June 30, 2026. These rates as well as the finalized FY’24 rates have been posted on the Comptroller’s website along with the new rate agreement from the United States Department of the Interior.
Fiscal year 2026 (FY26) is considered a base year for developing the facilities and administrative (F&A) rate proposal for submission to the Division of Cost Allocation (DCA) of the Department of Health and Human Services (DHHS). The F&A rate proposal is the tool used to set the indirect cost rates for the University. Our proposal is required to be submitted to DCA by December 31, 2026, based on the FY26 financial activity.