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Since the original Uniform Grant Guidance was issued in 2014, federalgrant recipients, subrecipients, and contractors have grumbled about the confusing jargon, lack of clarity, and general “squishiness” about some of the guidance’s language and how it applies to all recipients of federal funding.
The professional development I attended this year included sessions on grant management, project management, change management, business branding, and the relevance of credentials to the field of higher education.
A grant manager is anyone involved in the management and administration of a grant (e.g., finance staff, grant writers, program staff, consultants, and grant administrators). Have you ever wondered what indirectcosts entail, or heard the term “de minimus rate” and questioned what that means?
There are several exciting times of the year for nonprofit finance professionals—budget season, audits, year-end close. If your organization received some of the more than $1 trillion in federal government funding that was available in the past few years, you may now be trying to navigate the complex federalgrant requirements.
Budgets should include: Direct Costs : Expenses that can be directly attributed to the project, such as salaries, materials, and equipment. IndirectCosts : Overhead costs, such as utilities and administrative expenses. Budget Component Description Direct Costs Expenses directly related to the project.
Grants provide a means to diversify income streams, reducing financial risk and enabling churches to plan long-term capital projects, with greater confidence. Federalgrants often support projects that benefit low-income communities or improve public health and safety.
Our blog posts typically focus on grant strategies for nonprofit institutions. However, many of the principles will also apply to researchers based outside of the US as well as to nonprofits. In addition, you may want to review our post “The Best (Free) Places to Search for Grant Funding." ? The topic is research funding.
While particularly relevant for academic institutions, where more than one faculty member or department may be interested in pursuing an opportunity, this question can also arise in larger nonprofit organizations with multiple programmatic units. Most funders list their policy on indirects in the solicitations.
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