Program income is gross income directly generated by a supported activity or earned as a result of the award.
Program income includes, but is not limited to, income from fees for services performed, the use or rental of real or personal property acquired under federally-funded projects, conference registration fees, the sale of commodities or items fabricated under an award, license fees and royalties on patents and copyrights, and interest on loans made with award funds.
If program income is expected to be generated from a the service center, fee-for-service, conference registration, space rental, or other source of income generated as a result of the award, the PI/PD should indicate this on the Sponsored Programs Internal Routing and Review Form.
Program income on federal awards must be separately accounted for, and for most federal sponsors, should be added to the funds committed to the project by the sponsor. Appropriate disposition of program income is specified in the award’s terms and conditions.