Example 2: Spencer Foundation (Research Grant)
Dr Michael Winslow is applying for a grant from the Spencer Foundation in the United States. The Spencer Foundation supports educational research and allows indirect costs of 15% on research grants of more than $50,000. It does not allow cost recovery for research grants under $50,000, fellowships or training grants. Dr Winslow will be applying for a Major Grant (valued at over $40,000) and will be providing a preliminary proposal using the proposed budget format provided by the Spencer Foundation as follows:
- Institution Name: The University of Melbourne
- Principal Investigator(s): Dr Michael Winslow
- Project Title: Researching Education: the next vital step
- Grant Period: from 1 July 2008 to 30 June 2010
| Year 1 (2008) |
Year 2 (2009) |
Year 3 (2010 |
Total |
|
|---|---|---|---|---|
| Personnel | ||||
| Salaries |
||||
| Principal Investigator |
$11,200 |
$22,400 |
$11,200 |
$44,800 |
| Co-PI(s) |
$11,200 | $22,400 | $11,200 |
$44,800 |
| Research Assistant |
$32,000 |
$64,000 |
$32,000 |
$128,000 |
| Staff |
$5,000 |
$10,000 |
$5,000 |
$20,000 |
| Tuition/Fees |
||||
| Benefits |
||||
| Subtotal Personnel |
$59,400 |
$118,800 |
$59,400 |
$237,600 |
| Project Expenses |
||||
| Fees/Stipends |
||||
| Supplies |
||||
| Communication |
$10,000 |
$10,000 |
||
| Transcription |
$8,000 |
$8,000 |
||
| Equipment |
||||
| Travel |
$6,000 |
$15,000 |
$21,000 |
|
| Miscellaneous |
$12,000 |
$12,000 |
||
| Subtotal Project Exp. |
$18,000 |
$23,000 |
$10,000 |
$51,000 |
| Total Direct Costs |
$77,400 |
$141,800 |
$69,400 |
$288,600 |
| Indirect Costs (15%) |
$11,610 |
$21,270 |
$10,410 |
$43,290 |
| Sub-Contract(s) |
||||
| Total Project Costs |
$89,010 |
$163,070 |
$79,810 |
$331,890 |
Other background information
- The project does not involve any graduate students at the University. The Spencer Foundation will be requested to supply funding for the 0.2 FTE that Dr Winslow and his co-PI, Dr Mancini, will be working on the project as well as the full-time Research Assistant and some funding for casual administrative support.
- It is an interview-based project so there are funds set aside for travel, transcription and communication of results.
- The figures are in US dollars at an exchange rate of $A1.00 = $US0.95, so a miscellaneous figure has been included as a contingency for this as well as minor items that may be required to be purchased in the first year of the project.
- If another organisation was involved there would have been a sub-contract figure to cover their involvement, including any cost recovery for their overheads (which should be limited to 15%).
Budget form
View a completed and annotated UOM Budget Form to see how the grant price has been calculated.