Instrumentl

OCTOBER 11, 2023

This post explores what a grant budget should include, examples of direct costs vs. indirect costs, how to write grant budget justifications, and give you a list of grant budget examples.

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Budget Indirect Cost Indirect Template 95

Blackbaud

NOVEMBER 8, 2023

Tip 4: Calculate your indirect cost or make an intentional decision to use the de minimis rate. Knowing how you want to handle indirect costs before you apply for government grants will speed up the application and reporting processes. Receiving the Grant Award Congratulations on winning the grant!

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Government Indirect Cost Indirect Grants 107

DH Leonard Consulting & Grant Writing Services

MAY 5, 2023

To help make you feel more confident when reviewing RFPs and making recommendations on whether or not to apply, I recommend that you have a list of the key things that your organization’s leadership agrees are important when looking at RFPs (whether a formal decision-making matrix or informal checklist is up to you/your organization), including: (..)

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Indirect Cost Indirect Grant Writing Grants 129

RBW Strategy

JUNE 11, 2024

De Minimis Indirect Cost Rate Increase (§200.414): For those recipients (and subrecipients) who do not have a negotiated indirect cost rate agreement in place, this is welcome news. As overhead and administrative costs grow, organizations often scramble to find ways to recoup this funding.

UEI 130

UEI Grants Grant Procurement 130

Blackbaud

DECEMBER 20, 2023

Calculate Your Indirect Cost Rate Complete and correct cost allocation is key to the financial stability of your organization. If you aren’t including indirect costs—such as salaries or rent—into your funding requests or program planning, you are setting yourself up for stress later in the year.

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Indirect Cost Indirect Finance Government 86

The NonProfit Times

DECEMBER 18, 2024

Nonprofit managers should pay close attention to any budgetary restrictions, such as allowable expenses, indirect cost rates, matching requirements, and reporting obligations. You should create a detailed budget that accurately reflects the costs associated with implementing the proposed project or program.

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Indirect Cost Grants Grant Indirect 52

Candid

JUNE 9, 2022

A proposal project budget consists of two basic elements: 1) the estimated costs of your project and 2) the anticipated income needed to meet those costs. Your income consists of any grants or contributions plus any earned income earmarked for the project, such as ticket sales or fees for services. .

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Budget Indirect Cost Proposal Indirect 105

PKS Grants & Accounting Solutions

FEBRUARY 19, 2020

Free Online Professional Development Presenters are Grants Professional Association Approved Trainers Access to all the recordings after the summit Bonus: I am one of the presenters on What, Why, How’s of an Indirect Cost Rate When: March 13, 2020 (9 am to 1 pm PST) & (12 pm to 4 pm EST) Don’t Miss——-Sign up Today.

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Indirect Cost Indirect Grant Writing Consulting 52

Blackbaud

APRIL 4, 2024

Calculating indirect costs can be challenging. For each program, break down its actual revenue and expenses, including its necessary overhead, such as your staff’s time devoted to office administration, marketing and fundraising for such program.

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Finance Budget Indirect Cost Indirect 100

GiveSmart

MARCH 12, 2024

Typical costs for in-person events include venue rental, catering, marketing, and staffing. Along with expenses connected directly to the event, there are also indirect costs to account for, such as staff salaries. Ideally, the event ROI for nonprofits will equal more than 70% of the cost of hosting and organizing.

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Indirect Cost Indirect Contracts Contract 52

Candid

FEBRUARY 7, 2023

Your project budget will ideally mirror the associated direct and indirect costs of the items outlined in your project description, such as staffing, rent, supplies, promotion, and the like. Project budget Here you’ll get down to the dollars and cents required to address your need or problem.

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Proposal Grants Grant Indirect Cost 105

Candid

JULY 13, 2023

Anticipated expenses: Direct costs, like staff time, consultants, supplies, equipment, and evaluation (such as conducting surveys or collecting feedback). Indirect costs—or the invisible costs, like rent, utilities, office supplies, marketing, and administrative staff. Earned income from events, products, and fees.

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Proposal Letter Of Inquiry LOI Grants 98

Grant Professionals Association

JULY 25, 2023

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’ve even negotiated that none of us ask for Indirect Costs so all the money goes directly to the program! Has this worked all the time?

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Indirect Cost IT NICRA Logic Model 52

Grant Geek

MARCH 1, 2022

Along with your specific costs associated with your project, sometimes there is also an indirect negotiated cost rate that needs to be factored in. An Indirect Cost Rate is the negotiated rate that you, as the applicant, have negotiated with the funder to cover. Indirect costs may be either fixed or variable.

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Budget Indirect Cost Indirect Subaward 52

Get Fully Funded

NOVEMBER 29, 2010

For this particular group, I told them they need to let people know how much it costs them to provide service to 1 client for 1 year, and ask donors to sponsor a client. And, I told them to include indirect costs when they calculated the costs per client per year. There was a bit of silence at this point.

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Indirect Cost Fundraising Indirect Management 68

Tech Soup

JANUARY 29, 2015

Guidelines from the Office of Management and Budget ( Circular A-122 for information on indirect costs and Uniform grant guidance for updated information on indirect costs determination ). American Institute of CPAs' Accounting and Audit Guide for not-for-profit organizations. Let's Break the Starvation Cycle.

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Indirect Cost Contract Contracts Indirect 66

Candid

AUGUST 29, 2023

Consider increasing resources by providing more funding to cover indirect costs and general operating support. So, here are some concrete steps to decrease our collective burnout: Funders can help by recalibrating their expectations of nonprofit partners. Also consider easing demands (e.g.,

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Burnout IT Indirect Cost Indirect 98

Grant Professionals Association

NOVEMBER 13, 2024

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.

GPC 59

GPC Grants Grant Indirect Cost 59

Assel Grant Services

JULY 21, 2024

Raising the De Minimis Indirect Rate that recipients may use for indirect costs without negotiating an alternative rate from 10% to 15%, and raising the amount of indirect costs a recipient can include in its base calculation of modified total direct costs for each subawardee from $25,000 to $50,000.

GPC 40

GPC Indirect Cost Federal Award Indirect 40

Get Fully Funded

SEPTEMBER 17, 2012

Be sure to include both direct and indirect costs. My sympathies. Now, let’s fix it. Once you identify the need to raise money , get really clear about the amount you need. Down to the penny. Create a Case for Support to give you a basis for fundraising.

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Indirect Cost Fundraising Indirect Budget 68

Assel Grant Services

MARCH 24, 2024

Even the federal government is considering increasing the de minimus indirect cost rate from 10% to 15% in 2024. matching requirements, supplanting issues, indirect costs, prevailing rates, performance-based fees, client fees, collective bargaining, allowable versus non-allowable cost)

GPC 40

GPC Indirect Cost Budget Narrative Indirect 40

Blackbaud

AUGUST 20, 2024

From an income statement point of view, they will discuss the hidden benefits of segregation of duties and how overhead expenses and allocation of indirect costs impact the “bottom line.” Michael Gellman will explore how to help senior leadership better understand and monitor the balance sheet and operating reserves.

Finance 85

Finance AI Federal Grants Indirect Cost 85

Assel Grant Services

DECEMBER 8, 2024

indirect costs, matching funds, supplanting). Similarly, be willing and available to attend funder site visits and support agency staff as needed during preparation. Understand the issues that could impact their nonprofit agencys finances (e.g., braided funding strategies, direct v.

GPC 40

GPC Grant Writing Indirect Cost Grants 40

GrantNews

JANUARY 11, 2024

Reality: Operating costs, such as paying utility bills, rent, salaries, and investing in office equipment are referred to by a variety of names, including “overhead,” “administrative costs,” and “indirect costs.”

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Indirect Cost Nonprofit Grants Grant 82

Blackbaud

APRIL 8, 2024

Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. So, the organizations behind the grants use the reporting requirements to make sure the funds go towards addressing those impact areas. Restricted funds often outline what they will fund and what they won’t.

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Funding Indirect Cost Pass-Through Donation 94

Tech Soup

SEPTEMBER 19, 2012

Join us to learn how The Financial Edge helps you manage grant activity using grant relevant dates, perform administrative tasks directly in the system so you don’t have to use external error-prone spreadsheets, and automate the indirect cost reimbursement calculation. Now that's something you can really celebrate!

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Software Indirect Cost Indirect Grant Management 44

Get Fully Funded

FEBRUARY 22, 2022

These are also known as indirect costs, expenses that cannot be tied directly to programs. When you track your nonprofit administration spending, you will have several categories feeding into what is considered overhead, including management, general, and fundraising.

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Fundraising Budget Nonprofit Indirect 132

Tech Soup

SEPTEMBER 19, 2012

Join us to learn how The Financial Edge helps you manage grant activity using grant relevant dates, perform administrative tasks directly in the system so you don’t have to use external error-prone spreadsheets, and automate the indirect cost reimbursement calculation. Now that's something you can really celebrate!

Software 36

Software Indirect Cost Indirect Grant Management 36

Allied Grant Writers

SEPTEMBER 22, 2024

Ensure all costs are justifiable and directly related to the project. Include both direct costs (e.g., salaries, materials) and indirect costs (e.g., Budget tips: Be as detailed and specific as possible. If possible, show other funding sources or in-kind contributions to demonstrate broader support.

Proposal 52

Proposal Funding Grants Grant 52

Grant Writing Made Easy

MAY 1, 2024

Components: Direct Costs: Expenses that are directly tied to the program, such as materials, staff salaries specific to the program, and direct operational costs. Capital Costs: If applicable, costs associated with purchasing or upgrading physical assets for the program.

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Budget Grant Writing AI Utilities 52

Grant Writing Made Easy

MAY 20, 2024

Itemize and justify each cost associated with the project, from direct costs like materials and labor to indirect costs such as administrative expenses. Budget: A clear and detailed budget is essential to assure funders that their money will be spent wisely.

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Grant Writing Grants Grant Proposal 52

Peak Proposals

AUGUST 1, 2023

BUDGET A proposal budget is another area where the questions can be very specific to the solicitation at hand, although a few questions are standard fare, including: Are indirect costs allowable? Most funders list their policy on indirects in the solicitations.

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Funding Proposal Indirect LOI 40

Peak Proposals

DECEMBER 22, 2019

USG negotiated indirect cost rate: In the case of USG grant applications, many institutions (this includes both educational institutions and nonprofits) have a Negotiated Indirect Cost Rate Agreement (NICRA) with the US government.

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Funding Proposal Grants.Gov Budget 52