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Preparing a Budget

Preparing a Budget

Use the Budget Worksheet as a template to prepare your budget and calculate the amount of funding to request.

Expenses: What are the expenses required for you to complete your project?

Expenses include international travel, local transportation, room and board, major incidentals required for you to participate in the project, and reasonable daily living costs. Study may include books; research may include photocopying, library fees, archival access fees; travel may include visas, vaccinations, or a first aid kit.

Resources: What resources will you contribute to the project?

Resources include the income and contributions that you can dedicate specifically to the project. These may include your own savings, a family contribution, frequent flyer miles that you plan to use, free housing or meals, or another grant.

Funding Request: How much additional funding do you need to complete the project?

Your funding request will be the amount that you need after subtracting your projected expenses from your total resources. Be conservative, since most funding is limited. Funding committees will appreciate careful, practical and conservative funding requests.

 

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