What is a grant budget?
An example of an AI chatbot conversation about understanding grant budgets.
What is a grant budget?
A grant budget is a detailed financial plan that outlines the expected costs associated with a project funded by a grant.
What should be included in a grant budget?
It should include direct costs like salaries, materials, and travel, as well as indirect costs like overhead.
How do I calculate indirect costs?
Indirect costs are often calculated as a percentage of direct costs, based on your organization's negotiated rate.
Can I include in-kind contributions in my budget?
Yes, in-kind contributions can be included, as they represent valuable resources provided without direct payment.
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