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indirect costs, matching funds, supplanting). When board members understand the why and how of their agencys revenue, it not only improves their capacity for financial oversight but also supports the grant team as they manage grant awards. Understand the issues that could impact their nonprofit agencys finances (e.g.,
Indirect costs are the backbone of an organization’s operations. In the grant sphere, indirect costs represent the expenses associated with general operation and support of an organization or project. In grant proposals, organizations often include a request for funding to cover their indirect costs.
For many funders, costs to prepare an application (or pre-award costs) and fundraising expenses are not allowable direct or indirect expenses. Some opportunities or renewals may allow grantwriting compensation; however, these need to be in writing and not in violation of 2 CFR 200. Why is this addressed so thoroughly?
Or my favorite—when one organization has a NICRA (Negotiated Indirect Cost Rate Agreement) of 47% while the other three organizations use the 10% de minimus rate, and this causes a stir. I point out the strengths of each organization, why they were brought to the table, and how this grant can fill a crucial gap in services in the region.
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