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What you can do about the chaotic federal funds situation

Future Fundraising Now

Within that okay for now group are many that may still be targeted for cuts: A memo from the Office of Management and Budget said: The use of Federal resources to advance Marxist equity, transgenderism, and green new deal social engineering policies is a waste of taxpayer dollars… Nonprofits in the rest of the world cant breathe easy.

Funding 62
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How to Develop Your Nonprofit Operating Reserves

Blackbaud

Find the Right Number for Your Nonprofit Operating Reserves The Nonprofit Operating Reserves Initiative (NORI) Workgroup suggests that the minimum operating reserve ratio at the lowest point during the year should be 25 percent, or about three months of the annual operating expense budget. However, this is not a universal benchmark.

Contracts 104
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13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Pre-Award Preparation Have certain policies and processes in place before applying for a grant so you can be confident you meet their requirements and there are no surprises. Tip 1: Have your leadership drive the conversation on grant funding and the policies associated with this revenue stream. Update your policies accordingly.

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

Blackbaud

So how can you minimize these errors and create data entry policies for your users? 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. Tracking: Cut Out the Spreadsheets!

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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. Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Tip 1: If you have an operating reserve, review your policy.

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Untangling the New Uniform Grant Guidance

RBW Strategy

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. The new guidance states that cognizant federal agencies will uphold these indirect rates and pass-through entities (PTEs) must do the same.

UEI 130
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Taking the Fear out of Grant Management: Indirect Cost Allocation By: Kellie Brungard, GPC

Assel Grant Services

Check out the previous posts on conflict of interest policies and procedures and time and effort ! 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?