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

Blackbaud

Managing your grants within your fund accounting system will allow you to budget by grant, report on budget vs actuals, and review grant activity, so you can quickly and easily answer these questions. Fund accounting software can allow you to accurately curate grant reports to track restrictions, set budgets, and audit grant awards.

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13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Tip 4: Calculate your indirect cost or make an intentional decision to use the de minimis rate. Knowing how you want to handle indirect costs before you apply for government grants will speed up the application and reporting processes. Review them regularly against the approved budget.

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

Assel Grant Services

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. The key is knowing how your organization’s policy and procedure for allocating indirect costs and what this entails.

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3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

Let’s face it—budget planning can cause a lot of stress and anxiety for nonprofits. Most organizations face frequent budget cuts, which creates organizational uncertainty and a scramble for new funding options. Calculating indirect costs can be challenging. Do we have the funds this year to maintain our programs?

Finance 100
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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Working with a lean budget means even the slightest unexpected expense can create a stressful situation. Lead a Revenue-Wise Strategy Session As a financial leader, you touch all areas of your nonprofit organization through budgeting, forecasting, and expense management. So many nonprofits found 2023 to be particularly stressful.

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Four common grant proposal documents (free samples included)

Candid

In this blog, we share the major types of grant proposal documents, their components, and free sample resources to show you what a successful version of each one looks like. Proposal budgets Proposal budgets may seem a bit dull, but many funders say it’s the first part of a grant proposal that they read. Proposal budget.