Applicants will submit a line-item, detailed, project budget along with the Standard Proposal. It is recommended that applicants prepare the budget before writing the narrative section of the proposal. Applicants will need the budget information in order to write the Budget Section of the narrative where it is intended that applicants will summarize the attached line-item budget for the foundation reader/reviewer.
It is important to note the difference between a project budget and an agency/organization budget. A project budget details costs specific to the project the applicant is asking the foundation to support. The agency/organization’s budget is broader and includes costs for all projects, programs, and services offered by the agency. It is possible the project and agency budget could be one in the same. One last note about the agency budget: the applicant is not advised to send the organization’s budget unless it is specifically requested by the foundation.
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Some typical line items in the project budget are listed below:
Salaries and wages
Consultants and Contract Services
SAMPLE PROJECT BUDGET
The following is a sample budget presentation to accompany the Standard Proposal.
Note: The federal government and some foundations will provide their own budget forms in which case the applicant must fit all costs into the line items specified on the forms.
MEALS FOR HOMELESS MEN PROJECT
Foundation Grants $50,000
Applicant Contribution $10,000
Special Events $20,000
Dept. of Veteran Affairs $79,100
Total Income $194,100
Executive Director (3% x $75,000) $2,250
Meals Coordinator (100%) $37,750
Meals/Carriers and Containers $10,000
Local Meal Delivery $5,000
Online Services $250
Printing Brochures $1,000
Total Expenses $194,100