Indirect cost recovery funds (i.e., ICR or "overhead") are monies received by the university in reimbursement for services rendered in support of grants and contracts.  ICR funds are paid to the University by the granting agencies as reimbursement for indirect support provided to the grants and contracts.

Overhead reimbursement is tied to the expenditure of direct costs associated with research awards (primarily federal contracts and grants).  The amount is based on the indirect cost rate, which includes the cost of facilities (such as research space, maintenance and utilities, and the library) as well as departmental administration and support.