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Definition

Program income means gross income earned by the non-Federal entity that is directly generated by a supported activity or earned as a result of the Federal award during the period of performance. (See §200.77 Period of performance.) Program income includes but is not limited to income from fees for services performed, the use or rental or real or personal property acquired under Federal awards, the sale of commodities or items fabricated under a Federal award, license fees and royalties on patents and copyrights, and principal and interest on loans made with Federal award funds. Interest earned on advances of Federal funds is not program income. Except as otherwise provided in Federal statutes, regulations, or the terms and conditions of the Federal award, program income does not include rebates, credits, discounts, and interest earned on any of them. See also §200.407 Prior written approval (prior approval). See also 35 U.S.C. 200-212 “Disposition of Rights in Educational Awards” applies to inventions made under Federal awards. (2 CFR 200.80)

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Overview

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Federal regulation encourages recipients of Federal financial assistance to earn income from their awards as a means to help leverage program funds.  This is accomplished in the manner the recipient uses the program income: by deducting the program income to reduce the Federal award amount (as well as the non-Federal contribution, if applicable); by adding the program income to the Federal award; or, to meet the cost share requirements of the Federal award, if applicable. Program income must also be reported on the Federal Financial Report.

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Authorities

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2 CFR 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards

§200.307   Program income.

(a) General. Non-Federal entities are encouraged to earn income to defray program costs where appropriate.

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Frequently Asked Questions

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Learning Aids

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