How do I create a grant budget?

How do I create a grant budget?

Creating a grant budget involves outlining all the costs associated with your project. What specific expenses do you need help with?

I need to include personnel costs and materials. How should I calculate those?

For personnel costs, calculate salaries based on hours worked and hourly rates. For materials, list each item with its cost. Do you have specific rates or prices in mind?

Yes, I have the hourly rates for my team. What about indirect costs?

Indirect costs can be calculated as a percentage of direct costs. Check if your grant guidelines specify a rate. Would you like help with that?

Yes, that would be great! What percentage should I use?

Common indirect cost rates range from 10% to 30%, but it varies by grant. Always refer to the specific grant guidelines.