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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. Watch an on-demand product tour today.

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What’s New and What’s Next: Why Your Finance Team Should Attend bbcon 2024

Blackbaud

But one of our favorites is right around the corner: bbcon 2024! Whether you want to hear about product updates like automated payments and AI or brush up on fund accounting best practices, you don’t want to miss these bbcon 2024 financial management sessions.

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The Essential Guide to Nonprofit Budgets in 2024

Grant Writing Made Easy

In 2024, the grant landscape for nonprofits has evolved significantly, emphasizing the need for meticulous financial planning and transparent budgeting to meet funder expectations. As highlighted by the 2024 GPA report , a well-prepared budget is not just beneficial but essential for securing grants and sustaining operations.

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A Look at 2024 OMB Uniform Guidance Updates By: Kellie Brungard, GPC

Assel Grant Services

The most recent updates are for 2024. The OMB’s recently approved revisions will go into effect on October 1, 2024. These revisions address key barriers prospective organizations encounter, such as language or indirect cost rates. What updates were made? Raising the level of single audit requirements from $750,000 to $1,000,000.

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3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

Calculating indirect costs can be challenging. This post was originally published in March 2015 and updated in April 2024. For each program, break down its actual revenue and expenses, including its necessary overhead, such as your staff’s time devoted to office administration, marketing and fundraising for such program.

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ALA Building Library Capacity Grants

Library Grants

Deadline: April 12, 2024 (by 11:59 p.m. Grants are intended for library operations, including, but not limited to staff salary (direct or indirect,) materials, technology, and in-person or virtual services. Up to sixteen $10,000 grants will be given to successful applicants nationwide.

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Advocating for Real Costs and Organizational Expenses by Megan Campbell, MPA, GPC

Assel Grant Services

Even the federal government is considering increasing the de minimus indirect cost rate from 10% to 15% in 2024. matching requirements, supplanting issues, indirect costs, prevailing rates, performance-based fees, client fees, collective bargaining, allowable versus non-allowable cost)

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