The NonProfit Times
NOVEMBER 14, 2024
Indirect allocation is the more complex method and should be used when the cost benefits multiple functions. The most common allocation methodologies for indirect allocation include employee time and square footage. Square footage percentages can be used to allocate rent, depreciation, certain insurances, and utilities.
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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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.
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.
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.
Get Fully Funded
JULY 8, 2024
Experts in the field recommend taking a total rewards approach, which emphasizes offering a holistic set of benefits that include direct compensation as well as indirect compensation (such as healthcare, paid time off, retirement plans, and more). Your HR department can help create and maintain this type of strategy. Regulatory compliance.
Get Fully Funded
JANUARY 16, 2024
As NXUnite’s guide to nonprofit human resources explains, the policy should include information about indirect compensation such as health insurance and paid time off in addition to direct compensation like salaries and bonuses. This policy provides guidelines for how your employees are compensated for their work at your organization.
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