On the RWJF financial reporting form, the dollar difference between the Approved Budget Amount column for a budget period and the expenditures reported for that period.

Grants awarded from a special fund for promising proposals and ideas that fall outside existing strategic objectives but have the capacity of making a difference in a particular program or initiative.

Assets or income that are restricted in use. Examples are government and private grants and contracts, pledges, gifts and endowments containing stipulations made by a donor as to allowable use.

A loan or other investment made by a private foundation to another organization for a project related to the foundation's stated purpose and interests.

The minimum amount that private foundations are required to expend for charitable purposes (including grants and, with certain limits, the administrative cost of making grants). In general, a private foundation must meet or exceed an annual payout requirement of 5 percent of the average market value of its total assets.

See Extension of Award.

See Indirect Costs.

The amount donated or contributed toward a project during a specified time period that matches grant funds on a one-to-one basis or according to some other formula. Matching funds may be cash or an in-kind contribution. Matching funds are required under challenge grants.

Those costs that are not easily identified but are necessary to conduct the grant, such as payroll processing, accounting support, human resource department costs, etc. It is also referred to as overhead. The RWJF standard rate is 12 percent.

A contribution of equipment, supplies, spare services, or staff time as distinguished from a monetary grant or contribution.