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

Assel Grant Services

NGMA divides the grant lifecycle into three phases: pre-award, award, and post-award. Have you ever wondered what indirect costs entail, or heard the term “de minimus rate” and questioned what that means? These indirect costs can be allocated to grant proposals. What are indirect costs?

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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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RBW Strategy

Challenge In 2022, the company had contacted RBW Strategy as they received several federal awards and would benefit from institutional background in managing and maintaining compliance. Outcome RBW Strategy worked with the company to navigate the administrative challenges and maintain grant compliance after the company’s IPO.

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Biopharmaceutical Company

RBW Strategy

Challenge In 2022, the company had contacted RBW Strategy as they received several federal awards and would benefit from institutional background in managing and maintaining compliance. Outcome RBW Strategy worked with the company to navigate the administrative challenges and maintain grant compliance after the company’s IPO.

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

Blackbaud

No matter your mission, grant reporting will help drive success by ensuring compliance and accurately reporting on these awards. Fund accounting software can allow you to accurately curate grant reports to track restrictions, set budgets, and audit grant awards. There are endless possibilities as you scale your grant awards.

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

Blackbaud

This will help you understand what gaps you may have in skills or resources and give you time to address those before you win an award. Tip 2: Bring both your program and finance teams into the grant application and award process. Tip 1: Before applying for a government grant, perform a financial integrity risk assessment.

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Collaboration—Love it or Hate it?

Grant Professionals Association

Or my favorite—when one organization has a NICRA (Negotiated Indirect Cost Rate Agreement) of 47% while the other three organizations use the 10% de minimus rate, and this causes a stir. I’ve even negotiated that none of us ask for Indirect Costs so all the money goes directly to the program! Has this worked all the time?