Remove Indirect Remove Software Remove Utilities
article thumbnail

The Financial Edge: Crafting Budgets for Grant Success

Allied Grant Writers

The primary parts of a grant budget include personnel costs, project expenses, and administrative and indirect costs. A well-defined list of project expenses is critical for demonstrating how the funding will be utilized. software, hardware). These may include utilities, rent, and general administrative costs.

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%. Your rent or mortgage payment and utilities are also considered management and general expenses. On the positive side, the U.S.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Crafting Opportunities: Exploring the Grant Writing Process

Allied Grant Writers

Utilize online databases and grant directories to broaden the search. Budget A detailed account of the financial resources needed, including direct and indirect costs. Utilize Resources : Consider engaging in grant writing workshops for practical strategies and peer support. Their insights can identify areas for improvement.

article thumbnail

Grants for Church: A Comprehensive Guide to Securing Funding for Ministry and Community Outreach

Allied Grant Writers

Church administrators can subscribe to newsletters from grant-making organizations or utilize alert services available on many grant databases. Budget Development: Create a detailed budget that outlines all projected expenses and demonstrates how the grant funds will be utilized.

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. Watch an on-demand product tour today.

article thumbnail

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.

article thumbnail

Statement of Cash Flows: How Nonprofits Track Inflow and Outflow of Money

Blackbaud

endowments) Issuance of debt or bonds Financing Activities Outflow Examples: Repayment of loans or debt Payments on long-term leases Refunds to donors (if applicable) Statement of Cash Flows Example from Blackbaud’s FENXT Take a look below to see an example of a Statement of Cash Flows generated through Blackbaud’s industry-leading FENXT software.