The Icahn School of Medicine at Mount Sinai has recently signed an F&A rate agreement, setting the indirect cost rate for research grants and contracts. This agreement is an important step for the institution, as it will provide clarity and stability for researchers seeking funding.

F&A, or Facilities and Administrative costs, are indirect costs associated with research projects, such as the use of equipment, utilities, and administrative staff. These costs are necessary to support the research, but are not typically itemized in grant proposals.

The new agreement sets the F&A rate at 60.5%, meaning that for every dollar of direct costs, an additional 60.5 cents will be charged for indirect costs. This rate is consistent with other top-tier medical schools, and will allow the Icahn School of Medicine to maintain its high standards of research while covering its costs.

For researchers, this agreement provides important predictability and transparency. Knowing the exact F&A rate allows them to plan their budgets more effectively, and also helps them to justify the indirect costs to funding agencies. Additionally, this agreement reflects the Icahn School of Medicine`s commitment to supporting its researchers, and to ensuring that they have the resources they need to succeed.

Overall, the Icahn School of Medicine`s F&A rate agreement is a positive step for the institution, and for the research community as a whole. By providing clarity and stability, it will help to promote innovation and discovery, and to ensure that the institution remains at the forefront of medical research for years to come.