Per the CIRM Grants Administration Policy, the salary cap, which specifies the maximum amount of an individual’s salary that can be charged to a CIRM award, is to be adjusted every other fiscal year to account for the cumulative percent change in the California Consumer Price Index.
CIRM’s salary cap will increase from $301,000 to $336,000/year/100% FTE effective July 1st, 2024. CIRM grantees have the option to charge active CIRM awards a higher amount for salary incurred on or after July 1st. For instance, if an individual who makes $350,000 per year in salary is committing 25% effort on a CIRM award, then the CIRM award can be charged up to ($336,000 * 25%) / 12 months = $7,000 per month for that individual starting in the month of July 2024. No additional CIRM funds will be provided to cover this; incremental salary charges must be covered by existing CIRM funds.
A history of CIRM’s salary caps can be found here.
Please contact Erika Blossom if you have questions regarding this notice.