How do I include indirect costs in my grant proposal?

How do I include indirect costs in my grant proposal?

Including indirect costs in your grant proposal involves identifying the indirect cost rate and applying it to your direct costs. Do you know your organization's indirect cost rate?

Yes, it's 20%. How do I calculate that?

To calculate indirect costs, multiply your total direct costs by the indirect cost rate. For example, if your direct costs are $50,000, the indirect costs would be $10,000 (20% of $50,000).

Should I include indirect costs in the budget summary?

Yes, you should include indirect costs in the budget summary. Make sure to clearly label them and provide a justification for the rate used.

What if the grant guidelines don't allow indirect costs?

If the grant guidelines don't allow indirect costs, you must exclude them from your budget. It's essential to follow the specific guidelines provided by the funding agency.