Program Income

Program income is gross income - earned by a grantee, a consortium participant, or a contractor under a grant - that was directly generated by the grant-supported activity or earned as a result of the award. Federal awarding agencies require receipient organizations to account for program income related to projects funded in whole or in part with federal funds. The use of these funds is specified in the award.

Resource/Topic	Description
Office of Budget and Management (OMB) Circular A-110 - Uniform Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals and Other Non-Profit Organizations	The Office of Budget and Management Circular A-110 mandates federal awarding agencies to require recipient organizations to account for program income related to projects financed in whole or in part with federal funds Note: Subpart C - Post-Award Requirements, Section 24 "Program Income"
Northwestern Policy on Program Income	Northwestern University policy regarding program income. Federal awarding agencies require recipient organizations to account for program income related to projects funded in whole or in part with federal funds
National Institutes of Health (NIH) Grants Policy Statement	NIH has specific requirements for accountability for various types of income under NIH grants
National Science Foundation (NSF) Grant Policy Manual: Financial Requirements and Payments Note: Scroll to Section 444 Program Income	Unless otherwise specified in the grant, program income received or accruing to the grantee during the period of the grant is to be retained by the grantee, added to the funds committed to the project by NSF, and thus used to further project objectives