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Get the free Cost Share Approval Request Form 2020.01.21.xlsx

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The University of Vermont CostShareApprovalRequestFormSponsoredProjectAdministrationUsethisformtocollectcostshareapprovalwhenaUVMClickFundingProposalincludescostsharefrommultipleDepartmentsand/or
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How to fill out cost share approval request

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How to fill out cost share approval request

01
To fill out a cost share approval request, follow these steps:
02
Begin by providing your personal information, including your name, contact details, and organization.
03
Clearly state the purpose and goal of the cost share. Explain why it is necessary and how it aligns with the organization's objectives.
04
Specify the total cost of the project or initiative for which you are seeking cost share approval.
05
Identify the sources from where the funding will come and the respective amounts. Provide details on any existing contributions or funding commitments.
06
Outline the proposed distribution of the cost share funds and how they will be allocated across different components or activities.
07
Explain any anticipated benefits or outcomes that the cost share will generate, such as increased collaboration, knowledge sharing, or improved project outcomes.
08
Provide a comprehensive budget breakdown, including both the requested cost share amount and any other funding sources. Itemize expenses in detail and justify the need for each expenditure.
09
Attach any relevant supporting documents, such as project plans, budget spreadsheets, or partnership agreements.
10
Submit the completed cost share approval request to the designated authority or department within your organization.
11
Follow up on the status of your request and provide any additional information or clarifications as requested.
12
By following these steps, you can effectively fill out a cost share approval request.

Who needs cost share approval request?

01
Cost share approval requests are typically required by organizations or individuals who are seeking financial support for a project or initiative. This could include:
02
- Non-profit organizations aiming to secure funding from donors or grant-making institutions.
03
- Researchers or scientists seeking to fund their studies or research projects through collaborative partnerships or government programs.
04
- Companies or businesses looking to secure cost sharing arrangements with other organizations to fund joint ventures or initiatives.
05
- Government agencies or departments requesting cost sharing for projects that involve multiple stakeholders or benefit multiple parties.
06
In summary, anyone who needs financial support for a project and is seeking to share the costs with other entities may require a cost share approval request.
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A cost share approval request is a formal submission requesting permission to allocate shared costs for a project, which may be required to secure funding or meet grant conditions.
Individuals or departments involved in a project that requires cost sharing, particularly when seeking external funding or support, must file a cost share approval request.
To fill out a cost share approval request, complete the designated form with project details, specify the costs to be shared, and provide any necessary supporting documentation and signatures as required.
The purpose of a cost share approval request is to ensure that shared costs are authorized and documented, facilitating transparency and compliance with funding requirements.
Information that must be reported includes the project title, description, budget items being cost-shared, estimated amounts, and justification for the request.
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