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.
Get Fully Funded
AUGUST 7, 2012
Be sure to include both direct and indirect expenses. In other words, if you need a new vehicle to transport clients, don’t just include the cost of the vehicle – also include tags, title, license, insurance, maintenance, and the staff driver’s time. Next, outline the cost. What will it cost for the program or project?
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Get Fully Funded
AUGUST 7, 2012
Be sure to include both direct and indirect expenses. In other words, if you need a new vehicle to transport clients, don’t just include the cost of the vehicle – also include tags, title, license, insurance, maintenance, and the staff driver’s time. Next, outline the cost. What will it cost for the program or project?
Grant Writing Made Easy
AUGUST 3, 2022
Indirect Expenses: These include administrative and overhead costs, all the costs of all departments outside of the program department, such as finance, human resources, and development. Fringe Benefits: This includes the cost of benefits given to personnel of the program, such as, health insurance, paid time off, pension, etc.
Get Fully Funded
FEBRUARY 22, 2022
These are also known as indirect costs, expenses that cannot be tied directly to programs. Studies show nonprofits often have different ways of categorizing expenses, with many claiming too much for indirect or overhead costs, while others attribute expenses to programs that should be considered management and general expenses.
Grant Geek
MARCH 1, 2022
Staying within the guidelines of the grant can sometimes include the maximum or minimum funding requests, cost per participant, and maximum caps on administration costs and indirect. Fringe includes the insurance and benefits for the staff. Indirect costs may be either fixed or variable.
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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