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What is “program income” and how and when may it be used by the recipient?

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What is “program income” and how and when may it be used by the recipient?

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Program income is defined as the money a grant recipient earns as a direct result of a grant-supported activity. For example, registration fees charged for any conference or training course supported with grant funds are considered program income. A terms and conditions document will be issued by the Project Officer after an award is made to indicate how the program income shall be used. In most cases, program income will be used to pay for specified grant costs that are eligible and allowable and that further the project’s goals. It may also be used to finance the non-federal share (match) of the project. Please see 40 CFR 30.2(x), 40 CFR 30.24 and 40 CFR 31.25 for more details on this topic.

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