Well, for those of us in the Physical Sciences, winning NIH grants isn't quite what we aimed for ... but your point is valid. For any of the granting agencies,

Well, for those of us in the Physical Sciences, winning NIH grants isn't quite what we aimed for ... but your point is valid. For any of the granting agencies, NSF, NIH, DOE, DOD, etc. your grant is loaded with overhead/indirect costs.