Which of the following is allowable as cost share?

Allowable cost share refers to the portion of costs that can be attributed to a project in a way that satisfies funding requirements and regulations. Equipment donated at fair market value is a type of cost share that can be included because it provides tangible value to a project without requiring actual cash expenditure from the project’s budget. Donated equipment contributes directly to the research or activity, establishing a clear benefit and value to the project, which aligns with the principles of cost sharing.

Each of the other options presents various reasons for being less suitable as cost share. While alcohol purchased for a business dinner may seem like it contributes to a business function, expenses for alcoholic beverages are typically not allowed as cost share according to most funding agencies' policies. The salary of the department's Head Secretary could be relevant to the project, but unless their work is directly tied to the project and documented appropriately, it generally wouldn't qualify as a cost share. Lastly, travel costs in excess of the institution's per diem are not typically recognized as cost share because they exceed what is permissible under normal institutional guidelines and are not necessary for the program’s execution. Thus, donated equipment recognized at fair market value stands out as the only option that reliably meets the criteria for allowable cost sharing.