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July

    • FY20 Approved Fringe Benefit Rates for Sponsored Projects

      July 8, 2019

      Drexel University has finalized the negotiations of the fiscal year 2020 fringe benefits rates for sponsored projects with the U.S. Department of Health and Human Services (DHHS). The finalized rates are for full-time employees have decreased from 31.9% to 31.7% from the proposed rate. Part-time and DUCOM Highly Compensated Faculty rates remain the same as the proposed rates. Coeus and Banner have both been updated to reflect the new rates effective July 1, 2019.

      For fiscal year 2020, the Academy of Natural Sciences (ANS) will revert to using their non-sponsored fringe benefit rates which are listed below. Proposal submissions for ANS should utilize these rates for any salary and wages after July 1, 2019. Coeus and Banner have also been updated to reflect this change.

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