How should I estimate my budget?

You should request the amount of funding you will need to complete your proposed research project.  In the case of multi-year proposals, budget requests should reflect the entire grant period (up to 36 months), as opposed to an annual amount. When entering the budget request at the LOI stage, round up to the nearest hundred as opposed to estimating to the exact dollar amount.

Budget requests should be inclusive of both direct and indirect costs.  The Foundation’s approved rate for indirect costs is 12% of all project costs (Personnel, Other Direct Costs, and Purchased Services). However, if the Purchased Services category equals more than 33% of the total of Personnel, Other Direct Costs and Purchased Services, RWJF allows 12% indirect on Personnel and Other Direct Costs, and 4% on Purchased Services.  Keep in mind that personnel funding that leaves the Lead Applicant Organization is considered “Purchased Services”.  For further detail about permissible uses of grant funds please see the related FAQ.

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