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Understanding Indirect Costs: A Brief Overview

Grant Professionals Association

Indirect costs are the backbone of an organization’s operations. Also known as overhead or administrative costs, they ensure organizations smooth functioning. In the grant sphere, indirect costs represent the expenses associated with general operation and support of an organization or project.

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Nonprofits Guide to Applying and Negotiating an Indirect Cost Rate

PKS Grants & Accounting Solutions

Nonprofits Guide to Applying and Negotiating an Indirect Cost Rate In the previous article, we learned “ Why Your Organization Needs A Negotiated Indirect Cost Rate? ” Final rate - This is applicable to a specified past period which is based on the actual costs of the period. Let’s begin. See 2 CFR 200.19

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Strategies for Impactful Grantmaking During Funding Uncertainty

Blackbaud

Connect organizations to share resources and make introductions where applicable. Can you provide support for capacity building or indirect costs like salaries to help grantees weather the unexpected shortfall without taking lines of credit? Check out our guide, The Qualities of a Modern Grantmaker.

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Why Fund Accounting Software Beats Spreadsheets for Nonprofit Grant Reporting and Compliance

Blackbaud

Understand Your Indirect Costs Tracking and allocating your indirect costs is one of the most tedious aspects of grant applications and reporting. Some grants may come with lots of stipulations about what operating costs they will fund—and how much. Ready to tackle the tasks of grants?

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13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Identify a place to store documentation, including applications and relevant policies, in a place where everyone has access, such as within the grant record within your fund accounting software or a cloud storage tool. Tip 4: Calculate your indirect cost or make an intentional decision to use the de minimis rate.

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Taking the Fear out of Grant Management: Indirect Cost Allocation By: Kellie Brungard, GPC

Assel Grant Services

There are two essential things to remember when broaching grant management: You don’t have to change everything overnight, so take learning piece by piece and you will continue to grow your understanding and application. Have you ever wondered what indirect costs entail, or heard the term “de minimus rate” and questioned what that means?

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

Blackbaud

Tip 2: Bring both your program and finance teams into the grant application and award process. Calculate Your Indirect Cost Rate Complete and correct cost allocation is key to the financial stability of your organization. Watch an on-demand product tour today.