Keystone Budget Guidelines

How Do I Apply?

All Kilachand students are invited to submit a Keystone budget proposal regardless of Keystone Pathway. Up to $2000 in research funds may be requested per project, though most students do not request or use the full $2000.

Please read the below guidelines carefully; budgets that do not follow guidelines will be rejected. Both new and updated budget proposals are accepted with a Project Statement via the Keystone Project Information Form. Budget Proposals must be submitted in Excel using the provided template. You will receive an approval, rejection, or revise & resubmit from the Committee for your budget from keystone@bu.edu. You are welcome to submit a revised budget at any point over the course of your project.

How Will I Be Funded? 

These are not personal funds and students do not receive funds upfront. In most cases, the student will be reimbursed for materials purchased. As needed, KHC staff can make direct purchases on behalf of the student using approved budget funds. See sections below on Travel and Participant Compensation for special cases. Students engaged in lab research may request that their lab be reimbursed for materials they consume through an internal funds transfer. Students must provide receipts or invoices for all out-of-pocket expenses and Boston University interdepartmental-funds transfers related to their Keystone.

We understand that exact costs for travel and materials may change. Do your best to estimate your costs as precisely as possible. You will be reimbursed according to the amounts shown on your receipts or invoices, not the estimate on your original budget (as long as you stay under $2000 in real costs). If prices change significantly, please contact us for re-approval before making any purchases.

Please contact keystone@bu.edu with any questions. Reimbursements and purchases are handled by Rick Tonetti, rtonetti@bu.edu.

Important Policies

Any equipment or software purchased with Kilachand funds are considered the property of Boston University and must be licensed to or returned to Kilachand at the close of the project.

Keystone funding can be combined with funding from other sources, and many opportunities can be found around BU. In the past, for example, students have secured additional funding through UROP (Undergraduate Research Opportunity Program), the Newbury Center, Project Action, SPARK!, and other centers.

Students should be aware of Boston University’s Intellectual Property Policy, which includes the statement:

1. Intellectual property created by faculty or staff, or by students working on University research or other University projects, is owned by the University if it is created either:
(a) within the scope of University employment, including work under University grants and contracts with third parties; or
(b) with significant use of Boston University Resources.

The Kilachand Keystone Project is not intended to fund enterprises that will generate a profit. Without limiting the foregoing, any apps or technology produced as part of the Kilachand Keystone Project must be open source and available to the public. Upon request, the Kilachand directors will review Projects on a case by case basis to determine whether there may be value in distributing a product or service for a cost. In the event the Kilachand directors determine there may be value in distributing a product or service for a cost, approval of such Project shall be contingent upon student agreement to donate any profits to a reputable charity or to use any profits to reimburse Kilachand funding for production costs.

Keystone Budget Guidelines

Below are general categories of common requests, guidelines for approval and fund disbursement, and in some instances, funding limits. Funds are intended to support legitimate project expenses directly related to research and scholarship.