Grant Writing Made Easy

MAY 1, 2024

If hearing about nonprofit budgets makes you cringe a little ( or a lot ), keep reading. In 2024, the grant landscape for nonprofits has evolved significantly, emphasizing the need for meticulous financial planning and transparent budgeting to meet funder expectations. We’ve got you.

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Blackbaud

APRIL 4, 2024

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?

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Finance Budget Indirect Cost Indirect 102

Assel Grant Services

MARCH 24, 2024

Vu Le, author and former nonprofit executive director, shares: Then there are nonprofits that are too afraid to be truthful about the full cost of doing this work. It’s alarming how much we lie on our org budgets and shortchange ourselves…. Stop thinking a shoe-string budget is some mark of resourcefulness and efficiency.

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Grant Professionals Association

JULY 25, 2023

When I’m trying to balance a Logic Model, Work Plan, twelve attachments, budget narrative, project abstract, and a thirty-page narrative, the last thing I need are twenty-minute debates about “how come they are getting more than we are?” I’ve even negotiated that none of us ask for Indirect Costs so all the money goes directly to the program!

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Indirect Cost IT NICRA Logic Model 52

Candid

JULY 13, 2023

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. Your budget should show your credibility and impact with numbers. A proposal budget should include: Sources of income: Grants and other funding contributions. Proposal budget.

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Proposal Letter Of Inquiry LOI Grants 91

Blackbaud

AUGUST 20, 2024

There are several exciting times of the year for nonprofit finance professionals—budget season, audits, year-end close. From required statements of financial position and budgets to dashboards that compare your revenue streams over time, you often share your financial stories through your reports.

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Finance AI Federal Grants Indirect Cost 87

Candid

FEBRUARY 7, 2023

Project budget Here you’ll get down to the dollars and cents required to address your need or problem. 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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Proposal Grants Grant Indirect Cost 95

Blackbaud

APRIL 8, 2024

Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. Not only does this help you budget and forecast better, but this information also makes creating annual reports and website updates easier.

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Candid

AUGUST 29, 2023

budget, team members, skillsets, technology, time, emotional support). Consider increasing resources by providing more funding to cover indirect costs and general operating support. Essentially, burnout occurs when the demands of your job (e.g., Also consider easing demands (e.g.,

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Get Fully Funded

FEBRUARY 22, 2022

As the costs add up, you might be asking: How much of a nonprofit’s annual budget should be spent on administrative tasks and fundraising? Look at it this way: If you’re not spending at least 15% of your budget on fundraising, you may be standing in the way of your own success. The training. The print collateral. The postage.

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Fundraising Budget Nonprofit Indirect 132

GrantNews

JANUARY 11, 2024

Reality: Operating costs, such as paying utility bills, rent, salaries, and investing in office equipment are referred to by a variety of names, including “overhead,” “administrative costs,” and “indirect costs.” Funding supports libraries with little access to budget assistance.

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Grant Writing Made Easy

MAY 20, 2024

Budget: A clear and detailed budget is essential to assure funders that their money will be spent wisely. Itemize and justify each cost associated with the project, from direct costs like materials and labor to indirect costs such as administrative expenses.

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Tech Soup

JANUARY 29, 2015

In an interview, Ghaffari also called out the accounting profession for not doing enough to direct nonprofits to accurately report overhead and programmatic costs: "Audit firms do not pay sufficient attention to cost allocation and assignment. Bridgespan Group Nonprofit Cost Analysis toolkit. More Resources.

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Blackbaud

NOVEMBER 8, 2023

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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Government Indirect Cost Indirect Grants 108

Get Fully Funded

SEPTEMBER 17, 2012

You start down a path to raise money to meet budget or to keep from closing a program, and before long, you get overwhelmed. Be sure to include both direct and indirect costs. Would you like to know how to find the problem and fix it? Consider the Cycle of Mediocre Fundraising. Frankly you’re more than a bit nervous.

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Fundraising Indirect Cost Indirect Budget 68

RBW Strategy

JUNE 11, 2024

We’ll start by discussing the “why” of these changes, why the Office of Management and Budget (OMB) decided to make them now, and how they align with larger changes happening in the federal government. As overhead and administrative costs grow, organizations often scramble to find ways to recoup this funding. Let’s examine each one.

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Assel Grant Services

JULY 21, 2024

Office of Management and Budget (OMB), an agency within the Executive Office of the President, issues government-wide grants-related guidance for federal departments and agencies and is responsible for the maintenance of this document. Clarification of allowable costs associated with data and evaluation. What is Uniform Guidance?

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GPC Indirect Cost Federal Award Indirect 40

Peak Proposals

AUGUST 1, 2023

The areas where questions typically come up tend to fall into one of six buckets: (1) eligibility, (2) formatting, (3) scope, (4) personnel, (5) budget, and (6) partnerships. Still others may provide level-of-effort guidelines, such as “Key personnel must be budgeted for a minimum of x% FTE [full-time equivalent] on the grant.”

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Funding Proposal Indirect LOI 40

Peak Proposals

DECEMBER 22, 2019

Understanding Proposal Budgets a. Budget Preparation and Review b. Key Budgeting Concepts VI. Funders have different budgets, funding priorities, and missions. Understanding Proposal Budgets When you search for potential funders, it is beneficial to have a sense of how much your project will cost.

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