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Template for Grand Challenge Institutional Grant PRELIMINARY BUDGET
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INSTRUCTIONS: Enter data in blue shaded cells -->
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MonthlyMonths
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RateTimeYear 1Year 2Year 3
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Salary Inflation Factor:1.001.031.06Comments
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Ongoing ExpensesUpdate for Positions
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A: Senior Personnelannual salaries
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1TTK Faculty annual FTE$15,000$0$0$0$180,000avg 12-month TTK Salary
FTE-months: can be portions of individuals
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2PTK Faculty annual FTE$8,333$0$0$0$100,000avg 12-month PTK Salary
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3other (faculty)$6,667$0$0$0$80,000placeholder
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Total Senior Personnel Salaries$0$0$0
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B: Other Personnel
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1PostDoctoral Associates$6,000$0$0$0$72,000postdoc annual salary
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2other professionals$5,833$0$0$0$70,000Admin Staff
technical, communications, grants managers, etc.
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3Staff / Admin$4,167$0$0$0$50,000Support Staff
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4Graduate Students$3,068$0$0$0$36,810
GA stipend (annual maximum)
updated 12/16/25 for FY26
https://gradschool.umd.edu/sites/default/files/2025-06/FY26%20Stipend%20Memo%20FINAL.pdf
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5Undergraduate Students$2,000$0$0$0$24,000
annual expenditure per student
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Total Salaries and Wages$0$0$0
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C: Fringe Benefits Ratebenefit rate
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Faculty30.7%$0$0$0
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Staff36.6%$0$0$0
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Grad Students (Limited)22.7%$0$0$0
updated 12/16/25 for FY26
https://ora.umd.edu/sponsored-research-toolbox/um-resources/fringe-benefits-stipends
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Legislated Benefits5.8%$0$0$0
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Total Fringe Benefits$0$0$0
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Total Salaries, Wages, and FB$0$0$0
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D: Other Ongoing
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1Materials and Supplies
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2Publications/Marketing
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3Computing Resources
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4Software Licensing, libraries, etc.
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5Graduate Tuition Remission$878.0020tuition/credit-hour; annual c.h. (https://billpay.umd.edu/GraduateTuition)
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6Travel
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7Symposium/Seminar/Events
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8Space lease (if applicable)
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Total Other$0$0$0
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Total Ongoing Expenses (3 years max)$0$0$0
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One-time expenses
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1Equipment (including computing, appliances)
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2Renovation of Space (including furniture)
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Teaching release (actual expense, not in-kind
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3Consultant services
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4Other
could be incentive funds, honoraria, visitor support, etc.
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Total One-time expenses$0$0$0
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TOTAL EXPENSES$0$0$0
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FUNDING BREAKDOWN
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Cost Sharing Resources
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Grants/Externalannual
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Department 1
can include portions of TTK salary as in-kind
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Department 2
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College 1
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College 2
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College 3
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Sum of Cost Share contribution
$0$0$0should be >= 50% GC funding
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Grand Challenge Funding Request$0$0$0should not exceed $500,000
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TOTAL Resources$0$0$0
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Balance000should be close to 0
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