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Why Fund Accounting Software Beats Spreadsheets for Nonprofit Grant Reporting and Compliance

Blackbaud

Understand Your Indirect Costs Tracking and allocating your indirect costs is one of the most tedious aspects of grant applications and reporting. This is where tracking indirect costs directly on a grant record will guarantee you are accurately calculating reimbursements and staying on top of billing.

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13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Tip 4: Calculate your indirect cost or make an intentional decision to use the de minimis rate. Knowing how you want to handle indirect costs before you apply for government grants will speed up the application and reporting processes. Receiving the Grant Award Congratulations on winning the grant!

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Some revenue sources will clearly be revenue-wise (self-supporting or clearly core to the mission and supported by outside sources), and some will be ready to sunset. Make Sure You’re Ready for Your Next Government Grant Government grants are a great addition to any nonprofit’s balance sheet.

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More Than Fiduciary Oversight – How Board Members Can Support the Grant Writing Team by Megan Campbell, MPA, GPC

Assel Grant Services

indirect costs, matching funds, supplanting). Identify methods for assisting organizations to implement practices that advance grant readiness 2.06. Similarly, be willing and available to attend funder site visits and support agency staff as needed during preparation. braided funding strategies, direct v.

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Crafting Opportunities: Exploring the Grant Writing Process

Allied Grant Writers

Budget A detailed account of the financial resources needed, including direct and indirect costs. Indirect Costs : These include overhead expenses that support the project but are not directly charged, such as utilities or administrative costs. Sustainability Plan Information on how the project will continue after grant funding ends.

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3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

Calculating indirect costs can be challenging. Also check your fund accounting software for opportunities to share presentation-ready dashboards or even give certain staff members view-only access.

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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. Finally, before you approach any donor, get your case for support ready. Be ready to answer the donor’s questions about the program or project and why they should support it. After planning, you’re ready to target the donors you want to approach then go talk to them.