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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

So many nonprofits found 2023 to be particularly stressful. Calculate Your Indirect Cost Rate Complete and correct cost allocation is key to the financial stability of your organization. Working with a lean budget means even the slightest unexpected expense can create a stressful situation.

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Why we’re all burned out and what to do about it  

Candid

The American Psychological Association’s 2023 Work in America survey found that the majority (57%) of U.S. Consider increasing resources by providing more funding to cover indirect costs and general operating support. Sound familiar? If so, you’re not alone. workers reported experiencing burnout symptoms this year.

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Advocating for Real Costs and Organizational Expenses by Megan Campbell, MPA, GPC

Assel Grant Services

The assumption that overhead or operating expenses are somehow “bad” undermines the reality that it costs money to deliver a nonprofit’s mission ( Council of Nonprofits, 2023 ). Even the federal government is considering increasing the de minimus indirect cost rate from 10% to 15% in 2024.

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The Grants Transparency Act of 2023: Good idea or spitting in the wind?

Seliger + Associates Grant Writing

Congress passed the Grants Transparency Act of 2023 (H.R. A National Resources Defense Council analyst wrote in 2023 that the lowest-capacity organizations eligible to apply for federal funding are the least likely to apply for this funding and higher-capacity organizations are overrepresented among federal applicants and awardees.