Add or Copy Allocation Rates

Allocation rates support two workflows. Indirect cost rates calculate costs that you can reimburse from grants. Portfolio allocation rates help you assign target allocations to endowments. Create rates when you use either workflow.

For indirect cost allocations, rates work with allocation pools and business rules to associate projects with an allocation. For steps to create or configure an allocation, see Add or Edit Allocations.

1. From Settings, select Allocations. Under Rates, select Add, then select a rate type:

   • New indirect cost rate assigns rates to projects to calculate reimbursable indirect costs for grants.

   • New Portfolio allocation assigns rates to endowments.

   To copy an existing rate, select Copy from its menu, then update the copied details.

2. Under Rates, enter a unique ID and description for easy identification.

   Tip: Use a description that identifies the rate's purpose, such as "Facilities and admin costs" or "Overhead costs."

3. Select a rate type. You can define rate types under Settings, Fields and tables, and Tables.

4. Set an active status.

5. Define a rate value, start and end dates, and associate one or more projects or endowments.

   A single rate value doesn't require an end date. For multiple values, enter an end date for each value except the last. Make sure the date ranges don't overlap.

6. Under Notes, add or update details about the rate.

7. Select Save.

Edit or Delete Allocation Rates

From Settings, select Allocations. Under Rates, select Edit or Delete from a rate's menu. To edit a rate, you can also select its ID.

Tip: Remove a rate from every allocation that uses it before you delete the rate.