Program Income is revenue earned from activities performed on an award. New York University (NYU) may have program income as a result of providing services to other organizations, individuals, and/or by the sale of items developed under the award.
For federal awards, program income can be managed in one of three ways:
- Added to funds committed to the project and used to further programmatic objectives.
- Used to finance the non-Federal share of the project.
- Deducted from total project costs.
The sponsor’s award terms and conditions will designate the method for capturing program income.