During the academic year, faculty can receive released time to direct or participate in a funded project.
Faculty can also earn summer salary for grant work accomplished during the summer months.
This is University policy and conforms to National Science Foundation standards for summer salary. No, indirect costs become part of the general revenue of the University and essentially cover costs associated with the grant that are part of University operational costs, such as plant operation and maintenance, administrators' time, etc. When you apply for funding, you apply on behalf of Long Island University. The University is the official recipient of the grant funds. It is fiscally liable for the appropriate expenditure of funds and for ensuring that the terms and conditions of the grant or contract are met programmatically.