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Financials & Forms

Electronic Fund Transfer Payments

The McKnight Endowment Fund for Neuroscience uses an electronic payments system. This system allows us to transfer funds to our payees quickly and securely. The Fund’s payments are made via the Automated Clearing House (ACH), which is a secure network connecting all U.S. financial institutions. The ACH network acts as the central clearing facility for all U.S. Electronic Fund Transfer (EFT) transactions, such as direct deposits, electronic payments, and debit-card payments.

To enroll in the new payment system, please complete the Automated Clearing House (ACH) Payment Authorization Agreement below. You may mail the form to the attention of Accounts Payable at the Endowment Fund’s office. If you prefer, you may fax the completed form to the attention of Accounts Payable at (612) 332-3833.

By submitting this information, you agree to allow The McKnight Endowment Fund for Neuroscience to remit your payment electronically. If your bank routing instructions change at any time, please be certain to inform us. Please be assured that your banking information will be protected and held in a secure location.

For questions regarding electronic payments, please refer to Frequently Asked Questions (FAQs) below. If you have any further questions or comments, please contact The McKnight Foundation’s controller, Therese Casey, directly at accounting@mcknight.org.

Budgets

‚ÄčThe McKnight Foundation only requires budgets for the scholar awards and for applicants selected to submit full proposals for the Memory/Cognitive Disorders Awards and the Innovations in Technology Awards. When submitting the budget, please follow the instructions below. You may also view the example budget linked on this page.

For the MCD Awards
  • Please show major categories, including indirect costs of up to 10 percent of the award (the allowance for indirect costs is included within the total $300,000 award)
  • Please limit “other” funds to 15% of the budget (break down the other budget line)
  • Funds may be used toward a variety of research activities, but not the recipient’s salary
  • Please include a budget for each year of the award, i.e. February 1, 2018 – January 31, 2019; February 1, 2019 – January 31, 2020; and February 1, 2020 – January 31, 2021.
For the Tech Awards
  • Please show major categories, including indirect costs of up to 10 percent of the award (the allowance for indirect costs is included within the total $200,000 award)
  • Please limit “other” funds to 15% of the budget (break down the other budget line)
  • Funds may be used toward a variety of research activities, but not the recipient’s salary
  • Please include a budget for each year of the award, i.e. August 1, 2018 – July 31, 2019; and August 1, 2019 – July 31, 2020.
For the Scholar Awards
  • Please show major categories, i.e., salary, equipment, supplies, etc.
  • Please limit “other” funds to 15% of the budget (break down the other budget line)
  • Funds may be used toward a variety of research activities, but may not include overhead or indirect costs
  • Please include a budget for each year of the award, i.e. July 1, 2018 – June 30, 2019; July 1, 2019 – June 30, 2020; and July 1, 2020 – June 30, 2021