These amount to as much as 20% of the value of grants and pay for utility bills and temporary staff as well as expenses that are not covered up front by research agencies.
Under pressure from politicians, Warren Buffett and the Financial Accounting Standards Board, companies ranging from General Electric to Coca-Cola have taken the pledge this year and started deducting the value of grants from net income.
Likewise, despite skepticism from multilateral agencies, it was possible for us to exchange external debt for local currency investments into health research, netting an extra 70% over the value of grants from the Rockefeller and MacArthur Foundations.
As suggested above, a currency scaling factor can be used, which is loosely based on the perceived value of grants.
For courses not yet available (specialists, anaesthesia and surgery technicians), the monetary value of grants to support studies abroad were calculated with the help of those aid agencies offering such grants (WHO, the Cuban Embassy and Portuguese Cooperation).
But it also means that you're bound to another type of restriction – to create work that sits within the aims and values of grant donors.
For example, although, nominally the cost per error for a research grant review is a product of the probability of failure and the value of the grant, success in obtaining a grant may have major personal ramifications in terms of career advancement and monetary benefits such as patents or additional grants that might accrue or not depending on successful completion of a project.
In Brazil, the cost of administering Bolsa Familia grants fell from 14.7percentto2.5percentcent of the value of the grant dispersed after a switch to electronic benefit cards.
"While the directors have not voted themselves an increase in the amount of shares awarded in the annual grant in more than a decade, the value of the grant has increased in recent years due to the very strong performance of Oxy stock".
The indicated value of the grant: $1.9 billion.
