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What Are Payroll Grants and Where Can I Find Them?

GrantNews

Hosting organization contributes to health insurance and other benefits, the requisite payroll taxes associated with having the fellow on payroll , and other costs. Funding is for working capital including payroll , rent, insurance, utilities, taxes, operations, and contractors. Fellows receive funding for professional development.

Grants 78
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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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How to Get Started with a Major Gifts Campaign

Get Fully Funded

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. The biggest question most people have is “How do I get started?” Is it a new program?

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How to Get Started with a Major Gifts Campaign

Get Fully Funded

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. The biggest question most people have is “How do I get started?” Is it a new program?

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Understanding Nonprofit HR: What Sets It Apart?

Get Fully Funded

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). This means that they can’t rely just on salary offerings to find great team members.

IT 52
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The Nonprofit Administration Dilemma: How Much Should You Spend on Fundraising?

Get Fully Funded

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.

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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. Or a major donor may provide funds specifically for scholarships or building a new wing for a hospital. Many grants, especially federal and state grants, are restricted. What are Unrestricted Funds?

Funding 111