Remove Indirect Cost Remove Insurance Remove Media
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 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.

article thumbnail

Your Unrestricted Funds Need Stewardship, Too

Blackbaud

Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. In addition to the media attention surrounding MacKenzie Scott’s remarkable giving , there are other movements that also highlight the importance of unrestricted funds.

Funding 111
article thumbnail

Finding Funding for Research

Peak Proposals

Either way, you might receive media attention if your work produces interesting findings. It means realizing that if you are doing data collection in the field, you may need to budget for the purchase of some kind of transportation for field staff, including associated costs like fuel and insurance.

Funding 52