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Why Accurate Payroll and Time Allocation Is Crucial for Your Nonprofit Grant Reporting

Blackbaud

Clearly Define Costs to Be Allocated The first step in improving time and expense management allocation is clearly defining which costs need to be allocated. By having a clear definition, organizations can streamline their allocation process and reduce the risk of errors.

Grants 102
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Untangling the New Uniform Grant Guidance

RBW Strategy

This has led to a more robust definitions section and ensures a lack of ambiguity. De Minimis Indirect Cost Rate Increase (§200.414): For those recipients (and subrecipients) who do not have a negotiated indirect cost rate agreement in place, this is welcome news. Let’s examine each one.

UEI 130
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Decoding the Enigma: Unveiling the Power of What is a Grant

Allied Grant Writers

Introduction to Grants Definition and Purpose of Grants A grant is a financial award provided by a government agency, foundation, or corporation to support initiatives aligned with their objectives. A well-structured budget demonstrates financial responsibility and helps funders understand how money will be allocated.

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Is fundraising making you insane?

Get Fully Funded

For this particular group, I told them they need to let people know how much it costs them to provide service to 1 client for 1 year, and ask donors to sponsor a client. And, I told them to include indirect costs when they calculated the costs per client per year. There was a bit of silence at this point.

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What’s New and What’s Next: Why Your Finance Team Should Attend bbcon 2024

Blackbaud

From an income statement point of view, they will discuss the hidden benefits of segregation of duties and how overhead expenses and allocation of indirect costs impact the “bottom line.” And definitely don’t miss the main stage conversation with Sheryl Lee Ralph.

Finance 105
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A Look at 2024 OMB Uniform Guidance Updates By: Kellie Brungard, GPC

Assel Grant Services

There are six subparts and twelve appendices: Subpart A – Acronyms and Definitions (2 CFR 200.0 Costs for certain administrative costs associated with closeout to be charged to the final budget period, and clarification of right to receive any remaining and available funds. Part 200 of Title 2 is the location for the UGG.

GPC 40
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The Nonprofit Administration Dilemma: How Much Should You Spend on Fundraising?

Get Fully Funded

These are also known as indirect costs, expenses that cannot be tied directly to programs. When you track your nonprofit administration spending, you will have several categories feeding into what is considered overhead, including management, general, and fundraising.