The Honorarium: A Compensation Compromise for Grant Writers
What is an honorarium? An honorarium is a payment that says “thank you” to someone for providing a small service. A price or fee is not really set for the service rendered. Honoraria are income and taxable. Who receives an honorarium? Honoraria are very common in the academic community, especially in the sciences. Individual faculty …
Research Grants and Operating Costs:
The Mystery Revealed In the business world, operating expenses cover just about everything required to run a business. There are plenty of websites with examples of operating expenses out there in cyberspace. Some types of operating expenses are general ones, but others are exclusively administrative. These distinctions can get murky in a college or university …