article thumbnail

Tips For Maximizing Grant Opportunities

The NonProfit Times

Nonprofit managers should pay close attention to any budgetary restrictions, such as allowable expenses, indirect cost rates, matching requirements, and reporting obligations. When developing the project budget, you should be realistic in their estimates, taking into account potential cost overruns and unexpected expenses.

article thumbnail

Navigate the Grant Landscape: Key Basics of Grant Writing

Allied Grant Writers

When preparing the budget: Itemize Expenses : Break down costs into categories such as personnel, materials, and overhead. Consider Indirect Costs : If applicable, include administrative or overhead costs, justifying their necessity for project success. Use Simple Language : Avoid jargon.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Strategies for Impactful Grantmaking During Funding Uncertainty

Blackbaud

Can you provide support for capacity building or indirect costs like salaries to help grantees weather the unexpected shortfall without taking lines of credit? Its been a wild few years for the philanthropy sector. Here are three ways funders can support their grantees now and in the future.

article thumbnail

The Financial Edge: Crafting Budgets for Grant Success

Allied Grant Writers

It outlines how funds will be allocated and ensures that all projected costs are accounted for. The primary parts of a grant budget include personnel costs, project expenses, and administrative and indirect costs. These may include utilities, rent, and general administrative costs.

article thumbnail

Top Accounting Tips for Government Grants

Blackbaud

Know your numbers: Review any similar programs and calculate average cost per participant, personnel time allocation percentages, and indirect cost ratios to inform budget projections. Establish your indirect cost rate: Calculate your cost rate and understand the de minimis rate available to your organization.

article thumbnail

Understanding Nonprofit Overhead: Strategies for Transparency and Efficiency in 2025

Blackbaud

But recent events and changing philosophies on overhead costs have shed light on these expenses, which are required to run a functioning nonprofit. Office of Management and Budget (OMB) revised their uniform guidance in 2024, increasing the de minimus (or standard) rate allowed for indirect costs—overhead for federal grants—from 10 to 15%.

article thumbnail

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). What does that mean? According to BoardSource , the board [of directors] is responsible for ensuring that the organization is appropriately stewarding the resources entrusted to it and following all legal and ethical standards. braided funding strategies, direct v. Celebrate the wins.

GPC