BIG WIN FOR NONPROFITS
Feds agree to pay for indirect costs
It’s official: Thanks to advocacy efforts of 37 State Assocations and their nonprofit members across the country, the federal Office of Management and Budget has adopted sweeping new rules around federal grant-making. The big news is that local, state, and federal governments using federal funds to contract with nonprofits must pay reasonable indirect costs.
Tim Delaney, CEO of the National Council of Nonprofits, says:
"The federal government has stepped forward to help stop the nonprofit starvation cycle and begin erasing the overhead myth. It’s now up to nonprofits and state and local governments to turn the promise of the change into reality for individuals, communities served, and taxpayers. "
To read more about the topic see the 12/19/14 Press Release and the history of the OMB change. To read about 6 simple steps to get you started, click here. Need more help navigating the new rules? Click here to see our schedule of OMB webinars.
FINANCE UNLOCKED FOR NONPROFITS - IT'S FUN!
Washington Nonprofits has launched a new initiative that provides an innovative new finance training resource to nonprofits and their volunteer board members. Called “Finance Unlocked for Nonprofits”, FUN breaks with traditional nonprofit financial training in providing fun, interactive learning opportunities that work for busy board members. LEARN MORE HERE>