Budget Guidelines
Budget Guidelines
Each selected Awardee is funded up to %grant_amount% USD (inclusive of any indirect costs), to be paid in two installments of up to %grant_amount_year% USD per year directly to the researcher's institution. Funding for the second year is contingent upon submission of a progress report by each junior faculty researcher and approval by the chair of the Scientific Review Committee.
An itemized budget must be submitted with the proposal, consistent with the following guidelines:
Indirect Costs
In an effort to maximize the research benefit of the award, the program encourages that every effort be made to minimize the utilization of the award to cover indirect costs. Indirect costs may not exceed 10% of the award value. This award is developed as a gift and is not considered a research grant.
Indirect costs are defined as overhead costs paid directly to the institution, for example maintenance of labs/space and departmental/admin costs.
Salaries
The applicant may allocate up to $75,000 USD per year in salary and fringe benefits support for the applicant and/or a lab tech or similar position type.
Salaries and fringe benefits for mentors or students may not be included.
Supplies
Supplies such as disposables, chemicals, reagent kits, animals, etc, may be included.
Purchases of durable equipment is not allowed within the budgets, however, the budget can support rental/lease of this durable equipment.
- Durable equipment would be lab tools and devices that are designed for use over a long period of time (e.g. many years), being resistant to wear and generally would be items that can be rented.
- Durable equipment excludes lab supplies and similar single-use or disposable products.
- Equipment purchases with a single item value of greater than $2,500 USD may not be included. Rental of equipment is preferred where possible.
Travel
Up to $1,500 USD per year for applicant's travel to a scientific meeting for presentation of data may be included.
