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An Elon Musk tweet saying: Can you believe that universities with tens of billions in endowments were siphoning off 60% of research award money fo “overhead”? What a ripoff! He's quoting an NIH statement saying: Last year, $9 billion of the $35 billion 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%.

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An Elon Musk tweet saying: Can you believe that universities with tens of billions in endowments were siphoning off 60% of research award money fo “overhead”? What a ripoff! He's quoting an NIH statement saying: Last year, $9 billion of the $35 billion 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%.
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Chris Armstrong (rhodium103@mastodon.social)'s status on Monday, 10-Feb-2025 06:43:14 JST Chris Armstrong
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So... To the surprise of no-one, Elon Musk is a fucking idiot, and part of how the new regime is trying to dismantle science in the United States is by demonising this process, claiming that it's waste.
Yes, the money also gets spent on admin, and maybe the occasional DEI officer, and also electric bills, and heating, and Internet. And also building maintenance, taking the bins out, cleaning the toilets... and buying the bigger instruments and places to put them.
5/5

In conversation about 3 months ago from mastodon.social permalink