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

Assel Grant Services

Have you ever wondered what indirect costs entail, or heard the term “de minimus rate” and questioned what that means? These indirect costs can be allocated to grant proposals. The key is knowing how your organization’s policy and procedure for allocating indirect costs and what this entails.

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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.

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Untangling the New Uniform Grant Guidance

RBW Strategy

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. Plus, there’s more….

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The basics of building a nonprofit budget

Candid

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. Learn more about what funders look for from Network Engagement Manager Tracy Kaufman in our free training, What do funders look for in grant proposal budgets? .

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Why Accurate Payroll and Time Allocation Is Crucial for Your Nonprofit Grant Reporting

Blackbaud

Train Your Staff Training staff on the proper procedures for time tracking and payroll allocation is crucial. Regular training sessions can also help address any questions or concerns, ensuring a smooth and efficient allocation process. This understanding helps in accurate allocation and prevents potential issues with funders.

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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. Personnel Costs Personnel costs encompass the expenses related to the staff involved in the grant-funded project. These may include utilities, rent, and general administrative costs.

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How to write a winning grant proposal

Candid

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. For a more in-depth understanding of how to create a project budget, be sure to check out this free training on the topic.

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