Angad Jolly retweeted
This is not how NIH funding works. Shameful that you are misrepresenting this process deliberately or unknowingly.
NIH grant distributions have turned into a joke, but the most ridiculous part is that *70%* of the federal funds often granted to these universities goes to fund their “overhead” slush funds which subsidizes DEI & related nonsense, NOT to actual scientific grant recipients. When private foundations make similar donations to universities, the university’s overhead rake is only 10%. That’s an insane disparity & taxpayers are left holding the bag. This is how the university DEI complex sticks the bill to Uncle Sucker. This is a great early win for @DrJBhattacharya to notch, and @DOGE will gladly help him deliver it.
Readers added context they thought people might want to know
X% overhead means for every $1 spent for direct costs, an extra x cents goes toward indirect costs (overhead). So .70 in indirect costs (overhead) for every dollar of direct costs—0.7/1=0.7
A rate of 70% means that 41% of the money spent goes to overhead—0.7/(0.7+1)=~41%.
freshbooks.com/hub/accounting….