Terms to know/Glossary
PI – Principal
Investigator – the
person responsible for the coordination of the grant, the
management of the
budget, and all reporting
Indirect
Costs – a percentage
of the total budget requested which is used for such things
as compiling budget
regular budget reports so money can be tracked, wear and
tear on campus facilities, and other costs not directly covered
by the grant.
Evaluation – A fundable
proposal must include measurable outcomes. The Office of
Institutional Research can provide
critical assistance in this area.
Collaborations – Identification
of a partner in another discipline or another organization
outside the College to
jointly work on a proposal.
Sustainability – This
describes how the project will continue once the external
funding is no longer available.
The funders do not want the project to disappear so you need
a plan for further funding or a way for the cost to be assumed
by the college. It is important to consider whether or not
the cost will be assumed by the College, and also to give
careful consideration of ongoing costs such as maintenance
and updating of equipment.
Matching
funds – Many grants require that the College
provide some of the funds for the project. It is important
that any funds from the College’s operating budget
you identify receive the appropriate administrative approval.
Minority
Serving Institution – The College may be
eligible to apply for certain grants as a “minority
serving institution” but this must be verified with
the Office of Institutional Research to ensure the latest
data supports this type of application.
Knowledge
Base – The research
that already exists that pertains to your idea. How will
your project fit in,
add to, improve the current situation both here and throughout
the country. This is an opportunity to demonstrate that you
have done your homework before writing the proposal.
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