Remove Indirect Remove Insurance Remove Media
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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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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.

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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). Jennifer is a sought-after speaker for local & national conferences and media outlets.

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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.

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