How do I budget for a grant application?

How do I budget for a grant application?

Budgeting for a grant application involves outlining all potential costs associated with your project. Start by identifying direct costs like personnel, materials, and travel.

What specific items should I include in the budget?

Include items such as salaries, equipment, supplies, travel expenses, and any indirect costs like overhead or administrative fees.

How do I estimate indirect costs?

Indirect costs can be estimated as a percentage of direct costs. Check the grant guidelines for allowable rates or use historical data from previous projects.

Can I include in-kind contributions in my budget?

Yes, in-kind contributions can be included. Just ensure to provide a clear valuation and description of these contributions in your budget.