Grant Funding Calculator

The Grant Funding Calculator helps you estimate the amount of funding you may qualify for based on project details, eligibility criteria, and funding sources. By entering your project specifics and requirements, you can identify potential grants and budget your financial resources effectively, ensuring you maximize your funding opportunities for successful project implementation. Secure the support you need for your initiatives!

Results will be displayed here after you click "Calculate."

Grant Funding Calculator

The Grant Funding Calculator helps estimate the total amount of grant funding required or available for a project.

It uses inputs such as the total project cost, the percentage of funding expected from grants, any matching funds required, and additional secured funding.

This calculator shows the grant funding needed, how much more is required from other sources, and the remaining funding requirement.

Plain Text Formulas

  1. Total Grant Funding Required: Total Grant Funding Required = Total Project Cost × (Percentage of Grant Funding / 100)

  2. Total Funding Needed from Other Sources: Total Funding Needed from Other Sources = Total Project Cost - Total Grant Funding Required - Other Funding Sources

  3. Remaining Funding Requirement: Remaining Funding Requirement = Total Project Cost - (Total Grant Funding Required + Other Funding Sources)

Step-by-Step Guide with Real-Life Example

  1. Enter the Total Project Cost Example: $50,000

  2. Enter the Percentage of Grant Funding Example: 40%

  3. Enter the Matching Funds Required Example: $10,000

  4. Enter Other Funding Sources Example: $5,000

Calculations:

  1. Total Grant Funding Required Total Grant Funding Required = 50,000 × (40 / 100) = $20,000

  2. Total Funding Needed from Other Sources Total Funding Needed from Other Sources = 50,000 - 20,000 - 5,000 = $25,000

  3. Remaining Funding Requirement Remaining Funding Requirement = 50,000 - (20,000 + 5,000) = $25,000

Results:

Facts

FAQ

What if the total project cost changes after calculating?

Recalculate using the updated total project cost to determine new funding requirements.

Can this calculator be used for projects with multiple grants?

Yes, calculate separately for each grant and sum the results.

How do I account for grants with variable funding percentages?

Perform separate calculations for each grant based on its specific percentage and combine the results.

What if there are changes in other funding sources after the initial calculation?

Adjust the "Other Funding Sources" input and recalculate to determine the new remaining funding requirement.