For those that are unfamiliar, when a faculty member wins a grant the university takes 50%+ for themselves. Right off the top. So if you are awarded a grant for $100k from DARPA, NIH or some other granting organization you'll only end up having ~$47k to spend. The rest goes straight to the pocket of the university.
This is actually untrue. People just think that because they don't understand how the overhead % works. 100% overhead would mean the university taking 50%. But all overheads are <= 65%, so no university takes more than half. It's about 1/3 in the top tier universities.
