NASA Clarifies Policy on Payment of Fees to Non-Profits

NASA Proposed Rule: Profit and Fee Under Federal Financial Assistance Awards

"NASA is revising the NASA Grant & Cooperative Agreement Handbook to clarify that NASA does not pay profit or fee on Federal Financial Assistance awards, i.e. grants and cooperative agreements, to non-profit organizations. This proposed rule would make changes to NASA regulations to reflect that revision."

"... There appears to have been some confusion with regard to the term `management fee'. Management fees that are allowable, allocable, reasonable and necessary costs in accordance with an entity's established accounting practices and Government cost principles will be paid by NASA. This rule is clarifying that NASA will not pay profit or fee where profit or fee is defined as the amounts above allowable costs. The language in this rule has been revised to clarify this point."

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This page contains a single entry by Keith Cowing published on February 25, 2014 10:02 AM.

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