article thumbnail

Changes to OMB’s 2 CFR Part 200

Fundraising HayDay

In October 2024, the latest changes to the Office of Management and Budgets (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (also known as 2 CFR Part 200 or Uniform Guidance) went into effect. Many changes were beneficial to grantees. Many changes were beneficial to grantees.

article thumbnail

Your Comprehensive Nonprofit Guide to Getting Started with NEA Grants

Cain Nonprofit Solutions

If your organization is grant-ready and you and your colleagues/leadership are supportive of the time and effort needed to write a federal grant, then the next step is to carve out some time in your calendar to work on this. Ok, so I’m not ready to apply this year. What should I do instead? I’m going to apply. You don’t need this.

SAM 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

I Signed up for What?! A Primer for Pre- and Post-Award Grant Readiness

Blackbaud

In addition to risk, federal government agencies are asking applicants/recipients to demonstrate their ability to manage federal grants through a robust internal controls policy and procedures manual (sometimes during the pre-award stage) that outlines how organizations will be good stewards of government funding.

article thumbnail

Grant Writing Basics: How to Start Working on Future Funding Opportunities

Grants.gov

When applying for federal grants, the OMB Uniform Guidance sets forth a 30 to 60 day range for federal funding opportunities to be open: “(b) The Federal awarding agency must generally make all funding opportunities available for application for at least 60 calendar days. Can you identify a trend in recent years?

article thumbnail

Nonprofits Guide to Applying and Negotiating an Indirect Cost Rate

PKS Grants & Accounting Solutions

Per 2 CFR 200, cognizant agency is defined as the Federal agency who is responsible for receiving, reviewing, negotiating, and approving indirect cost proposals. Per the guidelines, the proposal must be prepared and submitted no later than three months after the effective date of the Federal award.

article thumbnail

5 Ways Fund Accounting Simplifies Food Bank Reporting

Blackbaud

For example, if you need to file Schedule of Expenditures of Federal Awards (SEFA) Reports , you can create a report that shows those expenditures by grant. When people in your community are hungry, you look for any opportunity to be more efficient so that you can spend more time getting food to those who need it.

Funding 97
article thumbnail

OMB’s 2023 Compliance Supplement: Updates & Changes

AmpliFund

OMB worked with federal agencies to provide additional guidelines, clarifications, and expectations for federal grant recipients, pass-through entities, and auditors. It’s relevant to note that federal awarding agencies are encouraged to continue to focus grants management on both compliance and program performance.