Can you pay bonuses with federal grants?

The short answer is no, not usually. The longer answer is that “Incentive Compensation” is sometimes allowed. The first rule under the Uniform Grant Guidance is that any expenditure of federal funds must be “reasonable, necessary, allowable and properly allocated“.

Are stipends allowed on federal grants?

Stipend payments are not compensation for services rendered and, therefore, are not allowable on federal awards unless the purpose of the agreement is to provide training to selected participants and the charge is approved by the sponsoring agency (OMB Circular Uniform Guidance, Subpart E). …

What are the four types of federal grants available?

Four Types of Federal Grant Funding to Achieve Your Mission and Reach Your Goals

• Competitive Grant – Based on the Merits.
• Formula Grant – Based on Predetermined Award.
• Continuation – Renewal Grants.
• Pass-Through Grants – Issued by a Federal Agency.

What are the 2 types of grants available by federal govt?

There are two main types of grants available through the federal government: 1) Categorical and 2) Block Grants, that also include Project, Formula and Matching Grants. Block grants provide funding for eligible activities identified in authorizing legislation.

Are bonuses unallowable?

Practically every privately owned closely held contractor maintains some form of a bonus program. These programs are usually informal and subjective. In this form, the cost is unallowable. The bonuses must be based on a written agreement, plan or policy implying an agreement.

How much is an F31 grant?

Individual Predoctoral Fellowships (F30 and F31): Provides 60\% of the amount requested by the sponsoring institution (up to $16,000 per year or $21,000 per year if fellow’s program supports formally combined dual-degree training, e.g., M.D.-Ph. D., D.D.S.-Ph. D.).

What does an F31 cover?

The allowance is intended to defray expenses for the individual fellow such as research supplies, equipment, travel to scientific meetings, and health insurance and to otherwise offset, insofar as possible, appropriate administrative costs of training.

Do grants have to be paid back?

Most types of grants, unlike loans, are sources of financial aid that generally do not have to be repaid. Grants can come from the federal government, your state government, your college or career school, or a private or nonprofit organization.

What are unallowable costs far?

Unallowable Costs in Government Contracts The federal government will not reimburse contractors for certain expenses, known as unallowable costs. Common unallowable expenses include entertainment, alcohol, company parties and certain travel expenses. These are defined in FAR 31.

What is the maximum amount of time I can charge for overtime?

You cannot charge time exceeding 100\% of your time. Even if you work overtime you could not say that you spent 80\% of your time on one particular federal project and 40\% of your time on a privately funded project.

What are the federal grant rules for employee compensation?

They are as follows: Paying employees based on budgets, not effort – Federal grant rules require employees to be reimbursed based upon actual recorded effort on grants not merely budgeted amounts. Developing position descriptions or budgets based on funding source – Base the position description based on the funding source.

What premiums are allowed in grant applications?

Overtime Premiums: Can be allowable, but must be disclosed in grant application or approved in writing by sponsor. Limitations exist based on institutional personnel policies, union contracts, etc.

What are the allowable and non-allowable costs for federal grants?

Allowable and Non-Allowable Charges to Federal Grants. Other Publication Costs: Books, monographs, and pamphlets are allowable. The cost of a single expenditure may not exceed $25,000; costs exceeding $25,000 require prior approval. Recruitment: Allowable subject to conditions and restrictions.