Remove Goals Remove Indirect Remove Utilities
article thumbnail

Grant Budgeting: Tips for Maximizing Funding Opportunities

The NonProfit Times

Nonprofits should pay close attention to any budgetary restrictions, such as allowable expenses, indirect cost rates, matching requirements, and reporting obligations. This helps the funding organization understand how grant funds will be utilized to achieve the project’s objectives.

Budget 115
article thumbnail

Untangling the New Uniform Grant Guidance

RBW Strategy

De Minimis Indirect Cost Rate Increase (ยง200.414): For those recipients (and subrecipients) who do not have a negotiated indirect cost rate agreement in place, this is welcome news. The new guidance states that cognizant federal agencies will uphold these indirect rates and pass-through entities (PTEs) must do the same.

UEI 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

3 Strategies to Build Your Organizationโ€™s Financial Capacity

Blackbaud

Calculating indirect costs can be challenging. Program-based budgets will allow your organization to make more precise cash flow projections and more appropriate fundraising goals for the year so that your organization can plan to accomplish more, not less.

Finance 97
article thumbnail

7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Calculate Your Indirect Cost Rate Complete and correct cost allocation is key to the financial stability of your organization. If you arenโ€™t including indirect costsโ€”such as salaries or rentโ€”into your funding requests or program planning, you are setting yourself up for stress later in the year. Watch an on-demand product tour today.

article thumbnail

Tips For Maximizing Grant Opportunities

The NonProfit Times

Nonprofit managers should pay close attention to any budgetary restrictions, such as allowable expenses, indirect cost rates, matching requirements, and reporting obligations. This helps the funding organization understand how grant funds will be utilized to achieve the projects objectives.

article thumbnail

The Financial Edge: Crafting Budgets for Grant Success

Allied Grant Writers

The primary parts of a grant budget include personnel costs, project expenses, and administrative and indirect costs. A well-defined list of project expenses is critical for demonstrating how the funding will be utilized. These may include utilities, rent, and general administrative costs. software, hardware).

Budget 52
article thumbnail

Crafting Opportunities: Exploring the Grant Writing Process

Allied Grant Writers

To effectively research grant opportunities, individuals should consider the following steps: Identify potential funding sources that align with their organizations mission or project goals. Utilize online databases and grant directories to broaden the search. Objectives Outlines the goals the grant aims to achieve.