Remove Government Remove Indirect Remove Indirect Cost
article thumbnail

Understanding Indirect Costs: A Brief Overview

Grant Professionals Association

Indirect costs are the backbone of an organization’s operations. Also known as overhead or administrative costs, they ensure organizations smooth functioning. In the grant sphere, indirect costs represent the expenses associated with general operation and support of an organization or project.

article thumbnail

13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

In our webinar with Rachel Werner and James Spencer from RBW Strategy, they covered steps to help nonprofits that receive—or are looking to start receiving—government grant funding. Tip 4: Calculate your indirect cost or make an intentional decision to use the de minimis rate.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Assel Grant Services

Compliance and best practices in grant management is usually associated with federal grant awards, but it equally applies to state and local government funding, pass-through funding (which likely originated at the federal level), and foundation and corporate grants (though maybe not as stringent). What are indirect costs?

article thumbnail

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

Blackbaud

If a government regulation changed or community preferences shifted, would you have time to react? Make Sure You’re Ready for Your Next Government Grant Government grants are a great addition to any nonprofit’s balance sheet. Tip 1: Before applying for a government grant, perform a financial integrity risk assessment.

article thumbnail

Navigate the Grant Landscape: Key Basics of Grant Writing

Allied Grant Writers

Introduction to Grants A grant is a financial award provided by government agencies, foundations, or other organizations to support specific projects or initiatives. Below is a breakdown of the most common types of grants: Type of Grant Description Federal Grants Funded by the federal government for specific projects or programs.

article thumbnail

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. As overhead and administrative costs grow, organizations often scramble to find ways to recoup this funding. Let’s examine each one.

UEI 130
article thumbnail

How to Feel More Confident When Reviewing RFPs

DH Leonard Consulting & Grant Writing Services

Reviewing funder guidelines, especially large government guidelines, comes with a fair amount of pressure not to miss a key detail or misinterpret an organization’s eligibility, alignment, and overall competitiveness with the opportunity.