Indirect costs / overhead policy

We limit indirect costs to 10% of total direct costs for colleges and universities.

If you are submitting an application for a project housed at one of these institutions, please ensure that have confirmed this with your sponsoring organization, and please ensure that your proposed budget is in line with this policy.

Multi-year grants

On a case-by-case basis, some grants might be structured with annual payouts after a lightweight review of progress.

In the budget you submit with your application, please include over how many years you plan to spend the funds, break down your budget for each year, and specify a timeline for reaching milestones you list.

Grant approval, due diligence, grant agreement, and payout

After our review of applications, we will select prospective grant winners and notify them that they have been preliminarily approved for funding.

At this stage, we’ll ask you to confirm some details, and the grant will undergo final diligence and get final formal approval on our end.

We’ll also ask you to sign a standard grant agreement; see an example here:

OpenAI - Grant Agreement Template 2023.pdf

We aim for this process to be completed and for funds to be transferred within 1 month after preliminary approval.

<aside> ℹ️ Clarification: In many circumstances, we’d work with you to hammer out an acceptable grant agreement that may differ from the above. (Especially in the case of universities, this will differ from the above; our funding would generally be as a “gift” in university terminology.) The above is just an illustration, and you aren’t agreeing to it in any way by submitting an application.

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Reporting requirements

We ask that grantees send us a brief email every quarter for the term of their grant updating us of their progress.

At the end of the grant, we ask that grantees send us a writeup of their research (usually e.g. the paper(s) written). We also expect grantees to publish or otherwise make publicly available the results of their research.