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 48 months, with a strong preference for grants 36 months or shorter), as opposed to an annual amount. Please do not provide a detailed budget breakdown at the LOI stage. When entering the budget request at the LOI stage, round up to the nearest $10,000.

Budget requests should be inclusive of both direct and indirect costs. The Foundation’s maximum approved rate for indirect costs is 12% of all project costs (Personnel, Other Direct Costs, and Purchased Services) for colleges/universities and hospitals or health systems and up to 20% in indirect costs for non-profit organizations. More detailed guidance and exceptions are provided in the Budget Preparation Guidelines available at the Full Proposal stage. For further detail about permissible uses of grant funds please see the related FAQ.