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 AY2025-26 MAGIC GRANT BUDGET - STANFORD-BASED PROJECTS
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* Feel free to adjust this spreadsheet to give us details about project scope and needs*
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BUDGET ITEM Fall 2025 - Summer 2026
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Personnel Payroll:
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Advisor(s) do not typically charge effort
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Student Salary or Stipend $ -
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Student fringe rate 19% on salary only* $ -
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Tuition $ -
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Postdoc Salary or Stipend $ -
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Postdoc Fringe rate 24.6% * (calculated) $ -
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Contingent, Undergrad student hourly hire $ -
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Subtotal Personnel Payroll: $ -
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Other Expenses:
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Travel **
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Capital Equipment (> $5000 attach support)***
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Materials and Supplies
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Consulting Services
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Web Services
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Other (please specify)
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Subtotal Other Expenses: $ -
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TOTAL BUDGET REQUEST $ -
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We assume the budget you provide is a ball park figure, to give an idea of the scope of the project. If granted an award, we will work with you to refine your budget details at that time.
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BUDGET NOTES:
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Guidelines for Gruaduate Student funding
https://gap.stanford.edu/handbooks/gap-handbook/chapter-7/subchapter-1/page-7-1-1
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Guidelines on student salaries/tuition
https://gfs.stanford.edu/salary/salary25/index.html
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Guidelines on fringe rates Rates | DoResearch
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Guidelines on undergrad hourly hire rates
https://financialaid.stanford.edu/faculty_staff/undergrad/wage_scale.html
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*Fringe rates are set by the university and subject to change prior to the inception of the funding period.
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**Travel to offsite annual All-Hands meetings need not be included as part of the proposal budget.
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Note: equipment purchased with Stanford Brown Institute funds are the property of Stanford University
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Do not include IDC, 8% in this budget. This will be provided for in addition to the award amount.
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Faculty are meant to assist as Advisors, voluntarily. Magic Grants are meant for Student support, not for Faculty Support
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Consultants should not be main team members, a small percent of budget may be allocated to Consultants. This can be decided later as to what is appropiate, if given an award, case by case basis. There is no % guideline set in stone.
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Ways to use funds to hire your project team members:
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Co-terms on grad billing status, Grad students and Masters students may pay themselves an RAship, stipend or hourly.
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Undergrad may not do an RAship, only hourly hire or stipend.
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Undergrad hourly hires usually do not get charged fringe %.
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Stipends (lump sum payments) are financial aid, so the student must verify how this might affect any existing financial aid.
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Stipends for grad students are subject to 14% Graduate Health Care fringe charge.
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Below are the rates for this academic year's rates to hire an RA. This will most likely rise slightly next year. This is only to give an idea of the cost of an RAship, these rates will change.
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Grant funding period is one full academic year: Option 1) Fall quarter to end of Summer quarter (Aug 31st), or Option 2) begin sooner in Summer quarter thru end of Spring quarter.
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