Revised Procedure: Fixed Price Balances

October 4, 2019

The Fixed Price Balances procedure document builds upon the University’s Guidance on Fixed Price Sponsored Awards. This procedure is applicable to all Harvard Chan School appointees who receive sponsored funding.

As a non-profit institution, the University is prohibited from seeking profit from its research activities; therefore, significant residual balances on fixed price sponsored awards may call into question the validity of the proposed budget and potentially affect the University’s tax-exempt status.