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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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Untangling the New Uniform Grant Guidance

RBW Strategy

Objective 4: Rewriting Applicable Sections in Plan Language : For those who have read NOFOs, this can sometimes lead to additional questions and confusion, and another team member must review it to maintain a shared understanding of the guidance. This has led to a more robust definitions section and ensures a lack of ambiguity.

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The basics of building a nonprofit budget

Candid

Proposal project budgets are the budgets you submit to a funder as part of a grant application. Many funders say that the proposal project budget is the first part of the application they look at so they’re a great way to make your case for funding. . How should I get started? .

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The Financial Edge: Crafting Budgets for Grant Success

Allied Grant Writers

Introduction to Grant Budgets Understanding the financial aspects of grant applications, particularly budgeting, is essential for both small businesses and non-profits. Importance of Budgeting for Grant Applications Budgeting serves as the financial blueprint of any grant proposal.

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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. Check out our whitepaper, How to Get Started with Automation at Your Nonprofit Financial Office.

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How to write a winning grant proposal

Candid

Given you are competing with other applicants, don’t forget to align your need statement with your funder’s objectives. Your project budget will ideally mirror the associated direct and indirect costs of the items outlined in your project description, such as staffing, rent, supplies, promotion, and the like.

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Breaking Down the Budget

Grant Geek

When developing a grant proposal application, the funder will make a vast number of requests for information regarding your organization and program. One of the most important elements within the application is the Project Budget and Budget Justification. Some grants also require the applicant to match a portion of their budget.

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