Pre and Post Award Grant Management Go Together Like PB&J
Thinking Through Post Award Grant Management from a Pre Award Vantage Picture this – you work at a nonprofit and have a big, audacious project that you are looking to get off the ground. You are carefully researching different funding sources and feel strongly that federal grant funding will help provide the financial boost that […]
Three Favorite FAQs For Indirect Costs
In a past article, we posed the question, “Do the Uniform Guidance FAQs Really Matter?” As promised, in this article, we’re going to do a deep dive into the world of indirect costs and some of the “unintended consequences” that surfaced in the FAQs from OMB. Indirect costs continue to be a source of confusion […]
What the IG Report on the FBI and DOJ Can Teach Us About Internal Controls
I spoke at the AICPA Not-for-Profit Industry Conference on “How to Build Trust with Internal Controls.” As I began wading through the 568 pages of the DOJ Inspector General Report on the Actions by the FBI and DOJ (Yes, I am that kind of geek), I was struck by the common role that weak internal controls […]
13 Ways to Keep Grant Funds Flowing
Ever wish you had a crystal ball to see how the mind of Uncle Sam looks at grant funds? Think the Uniform Guidance is super complicated? Or maybe you just wish you had a checklist of what gets grant recipients into trouble and how to avoid those “speed bumps”? It may seem a little “geeky,” but […]
What is Prior Approval
When you work with federal grants, it’s just a matter of time before someone says, “We need the prior approval of the funder” to do this or that. But this vague term “prior approval” may leave you wondering two important questions when you manage grants: When does 2 CFR Part 200 aka, the Uniform Guidance, […]
The More the Merrier? 5 Steps You Need To Know When You Have Multiple Grants
Multiple grants require diligent and planned monitoring to ensure that funds received are expended and then reported to the appropriate agency. as the various funders require. Multiple Grants: Is Your Head Spinning? Here are a few examples: You must ensure that expenses are tracked and claimed only once. Time and effort must be assigned to […]