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Understanding Indirect Costs: A Brief Overview

Grant Professionals Association

Indirect costs are the backbone of an organization’s operations. In the grant sphere, indirect costs represent the expenses associated with general operation and support of an organization or project. In grant proposals, organizations often include a request for funding to cover their indirect costs.

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Grant Budgeting: Tips for Maximizing Funding Opportunities

The NonProfit Times

Nonprofits should pay close attention to any budgetary restrictions, such as allowable expenses, indirect cost rates, matching requirements, and reporting obligations. This helps the funding organization understand how grant funds will be utilized to achieve the project’s objectives.

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Nonprofits Guide to Applying and Negotiating an Indirect Cost Rate

PKS Grants & Accounting Solutions

Nonprofits Guide to Applying and Negotiating an Indirect Cost Rate In the previous article, we learned “ Why Your Organization Needs A Negotiated Indirect Cost Rate? ” The cognizant agency will receive your completed indirect cost rate proposal to further negotiate a rate for your nonprofit. Let’s begin. See 2 CFR 200.19

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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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You CAN Evaluate Your Program! How to Gather Data through Observation By: Michelle Dykes-Anderson, Ed. D, GPC, CFRE

Assel Grant Services

Direct and Indirect Observation In direct observation, the observer watches the event, activity, or interaction as it occurs. For example, an observer watches an occupational therapist utilize an evidence-based practice to see if it is used with fidelity. Indirect observation is not prone to bias, but only offers limited information.

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Independent Retailers – the Backbone of Business and Industry

GrantNews

Funding will be for operating expenses, including utilities, rent, supplies and materials, food and beverage inventory, and supplier costs. For example, independent community grocers play a vital role in keeping communities cohesive and even in the nation’s overall economy. This includes agriculture, manufacturing, and transportation.

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3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

Calculating indirect costs can be challenging. Utilize a dashboard to communicate financial updates A dashboard is a helpful tool for board members and staff to stay abreast of the organization’s finances. Just because a program takes more from your budget than it gives doesn’t mean it needs to be cut.

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