article thumbnail

5 Common Questions About Calculating Your Nonprofit’s Indirect Cost Rates

sgEngage

Nonprofit organizations are beginning to use indirect costs more frequently in their budgeting processes, whether or not they are pursuing government grants. Indirect costs can be confusing because there is conflicting information about indirect cost rates for nonprofits, what is considered an indirect cost, and how to calculate the costs.

Rate 83
article thumbnail

Experts Weigh In: Applying Artificial Intelligence (AI) and Machine Learning (ML) for Government

Forum One

I find the rapid developments in Artificial Intelligence (AI) and Machine Learning (ML) thrilling, with endless applications for our Forum One partners, but I know from discussions with my counterparts in government agencies that AI and ML can also be mystifying, and even scary. ‍Jay earned a B.A.

professionals

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

sgEngage

Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Tip 1: If you have an operating reserve, review your policy. Update the policy based on your current and future needs.

article thumbnail

Jury Is Out On Philanthropy And Medical Debt

The NonProfit Times

Medical debt relief has become a growing public policy priority for philanthropists and lawmakers worried about the toll on Americans’ financial, mental, and physical health. Yet, the low recovery rates suggest that “the financial impacts on households may be a small fraction of the face value of the debt relieved.”

article thumbnail

India’s Philanthropy Spending Grows, Development Goals Elusive

The NonProfit Times

Philanthropy expenditures in India have grown by an average annual rate of 13% during the past five years, reaching the equivalent of $280 billion. That amount constituted 8.3% of the country’s gross domestic product (GDP) during fiscal year 2023. Family philanthropy and retail giving contributed to overall private philanthropy growth of 10%.

article thumbnail

10 Tips for Better Grant Management Processes

sgEngage

2 CFR 200 Part 200) for government grants is extensive and can be intimidating. Develop top-notch policies and procedures. Develop a set of best practice policies and procedures to meet the needs of even the most challenging funders—like federal agencies. Learn the requirements. The OMB’s Uniform Guidance (i.e.,

Grant 91
article thumbnail

How to accept bitcoin and other crypto donations

Whole Whale

Based on conversations among crypto thought leaders , this belief in decentralized power also carries pessimism in fiat currency controlled by governments. Basically, the gift to a registered 501c(3) would be *20% more valuable and the donor receives that full value of the gift (* depending on the tax rate applied ).

Donation 117