Budget
As you construct your budget, please keep the following in mind, if it is relevant:
- It is okay to budget for services received from non-Macalester community members. However, given that this is a Macalester College grant, please be sure to include a thorough justification for why these services need to come from outside the Macalester community.
- Your budget should indicate all external funding sources, received or intended, that will contribute to your project.
- If your project will generate revenue, please indicate whether it will be used to fund other components of the project, be given back to the IGCSC to fund future Live It Fund projects, or be used for some other purpose.
Applicants who proceed to the interview stage will receive more information on the specifics of fund management and may be required to edit their budgets accordingly. Live It Fund recipients will undergo training on specific Live It Fund accounting in the weeks prior to beginning their project. If you have any questions or concerns about constructing your budget, please feel free to contact the IGCSC at any time.
Below you will find an example template that you can use to construct your budget. Feel free to use this or any other format that better fits your project. However, budgets should be as detailed as possible because they are a critical component of your project proposal.
Student Council Evaluation Criteria
- Does the applicant have a clear definition of global citizenship and vision for how their project enables them to enact this definition?
- Is the project feasible? Does the applicant have a clear and executable logistical plan?
- What lasting impact will the project have after its completion/ how sustainable is the project socially, economically and environmentally?
- How will the recipients “bring their project back” to Macalester? Upon return to Macalester how will recipients integrate and involve the Macalester community with the outcomes of their project?
- How will the student measure the success of their project?
- Is the budget well-reasoned, clear and thorough for the purposes of the project?
- Is the timeline appropriate for stated goals?
- Does the applicant have a strong collaborative plan that cultivates a respectful and mutually beneficial relationship with community partner(s) (if applicable)?
- Does the student have appropriate qualifications for the project? What is their past experience and basis for an ethical approach to the project?
- How does the project overall fit in with the goals of the Live It! Fund? How much of a zing factor? (How cool, compelling, unique is it?