Must part of the required cost share be tied to the magnitude of the dollars requested for endowments?
A portion of the costs share is related to the requested endowments, based not on the principal amount but the annual interest earned. The minimum required 1:1 cost share must include a commitment to provide a cash contribution to the endowment principal and/or additional salary for the new hires in an amount equal to the interest earned on the endowment over the five year project period. As with any element of the cost share, it may be earned over the five year project period.
