article thumbnail

What Are Payroll Grants and Where Can I Find Them?

GrantNews

Hosting organization contributes to health insurance and other benefits, the requisite payroll taxes associated with having the fellow on payroll , and other costs. Funding is for working capital including payroll , rent, insurance, utilities, taxes, operations, and contractors. Fellows receive funding for professional development.

article thumbnail

Understanding Nonprofit Overhead: Strategies for Transparency and Efficiency in 2025

Blackbaud

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%. It also includes any legal fees as well as insurance and general office management, like copy paper and ink for the printer.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

How to Get Started with a Major Gifts Campaign

Get Fully Funded

Be sure to include both direct and indirect expenses. In other words, if you need a new vehicle to transport clients, don’t just include the cost of the vehicle – also include tags, title, license, insurance, maintenance, and the staff driver’s time. Next, outline the cost. What will it cost for the program or project?

article thumbnail

How to Get Started with a Major Gifts Campaign

Get Fully Funded

Be sure to include both direct and indirect expenses. In other words, if you need a new vehicle to transport clients, don’t just include the cost of the vehicle – also include tags, title, license, insurance, maintenance, and the staff driver’s time. Next, outline the cost. What will it cost for the program or project?

article thumbnail

Introduction to Nonprofit Program Budgets

Grant Writing Made Easy

Indirect Expenses: These include administrative and overhead costs, all the costs of all departments outside of the program department, such as finance, human resources, and development. Fringe Benefits: This includes the cost of benefits given to personnel of the program, such as, health insurance, paid time off, pension, etc.

article thumbnail

The Nonprofit Administration Dilemma: How Much Should You Spend on Fundraising?

Get Fully Funded

These are also known as indirect costs, expenses that cannot be tied directly to programs. Studies show nonprofits often have different ways of categorizing expenses, with many claiming too much for indirect or overhead costs, while others attribute expenses to programs that should be considered management and general expenses.