What does "program income" refer to in the context of grants management?

Program income refers to the income generated from grant-funded activities. This can include revenue earned from activities supported by the grant, such as fees for services, rental income, or the sale of products that result from the project funded by the grant. It is important in grants management, as program income can help support the continuation of project activities or can sometimes be reinvested into the program to enhance its impact.

This definition aligns with standard practices in grants management, where program income is often subject to specific guidelines regarding its use and reporting requirements. Understanding how to properly manage and allocate program income is crucial for compliance with grant agreements and maximizing the effectiveness of funded projects.