Vestergaard S.A. primarily funds specific projects with specific outcomes. The grantee’s budget for each research agreement should reflect all of the expenses that are required for, and can be tracked directly to, the research project (i.e., direct costs). Vestergaard S.A. allows indirect costs up to 10 percent of the total project costs. For example, for project costs totaling $100,000 - up to $10,000 can be used for indirect costs and the remaining $90,000 can be applied toward project direct expenses. We understand that the indirect cost rates may not cover all of a grantee’s general operating costs, and grantees may need to use other resources to cover these costs.