Budget
听
Funding for Project Leads
The Project Lead program is based on a cost-sharing model between the MacEachen Institute and participating faculties.听听
One teaching release for a 3-credit hour course is valued at $8,000.听听
The maximum amount a faculty would contribute to the Project Lead program is $4,000; it could be reduced to $2,000 based on funding opportunities the MacEachen Institute is pursuing.
Tables 1 and 2 present budgets for financing a Joint Project Lead with and without additional funding. The MacEachen Institute will be pursuing additional funding opportunites.
Table 1: Budget showing cost of two teaching releases (in the case of Joint Project Leads), one for each participating faculty,听with additional funding.
听 |
MIPP |
Participating Faculty |
Second Faculty |
Additional Funding听 | TOTAL |
|---|---|---|---|---|---|
Participating Faculty Release |
$2,000 |
$2,000 |
- |
$4,000 | $8,000 |
Second Participating Faculty Release |
$2,000 |
- |
$2,000 |
$4,000 | $8,000 |
Junior Fellows |
$2,000 |
- |
- |
$2,000 | $4,000 |
| Project Activities | - | - | - | $1,000 | $1,000 |
听
Table 2: Budget showing cost of two teaching releases (in the case of Joint Project Leads), one for each participating faculty,听without additional funding.
听 |
MIPP |
Participating Faculty |
Second Faculty |
TOTAL |
|---|---|---|---|---|
Participating Faculty Release |
$4,000 | $4,000 |
- |
$8,000 |
Second Participating Faculty Release |
$4,000 |
- |
$4,000 |
$8,000 |
Junior Fellows |
$4,000 |
- |
- |
$4,000 |
| Project Activities | $1,000 | - | - | $1,000 |
听
听
听