It was called  “indirect cost” yesterday.

Now we refer to it as “F&A”.

“Indirect” had a negative connotation they say.

It’s more meaningful to emphasize … the “F” and the “A”.

Call it indirect cost, overhead, or F&A.

The fact of the matter is … some still don’t want to pay.

“I want the money for my research,” the PIs all say.

So don’t make me pay that F…’n A!

I am approached for waivers each and every day.

But my “pat” response to them is … “no way!”

And the Feds are no help — they’re tough to sway.

We propose a rate increase; “wrong direction” they say.

We give and they take, it all goes their way.

I just pray they don’t cap the “F” like they did the “A”.

University administration, SPA, DA.

Depreciation on equipment, buildings, and walkways.

These are all real costs that someone must pay.

If the sponsor refuses, they don’t just … go away!

My job at “the U” is to negotiate F&A.

It’s a pain at times, but it’s mostly OK.

And it makes me unpopular, I’m sorry to say.

But, a job’s a job – and mine just happens to be … F&A.

I know what you’re thinking – what you’re tempted to say.

So, I’m not looking for pity or sympathy today.

Just please stay awake while I talk about … F&A!

–Author Unknown