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by zhdc1 971 days ago
> Don't forget that this is actually money laundering. Our NIH grants had major strings attached, like "you may not buy non-instrumentation computers" (at least, that's what I was told, I did not actually get to read the grants).

The EU does it better. At least with the old Horizon 2020 scheme, up to 20% of the grant amount could be set aside for overhead costs. Anything more would get flagged if the grant was ever audited.

This limited how much participating universities could repurpose. I don’t know how Horizon EU is set up, but my guess is that it follows the same approach.