Exploring a New Way of Federal Grant Making

Hey there, nonprofit champions! Guess what? The world of federal grant making is buzzing with excitement today.

As of October 1, 2024, the rules of the game have changed, and it’s all about making life easier for nonprofits like yours. We're talking about breaking down barriers and creating smoother, more accessible pathways to funding.

Understanding the Impact of the Updated OMB Uniform Guidance on Charitable Nonprofits

Federal Grant-making Made Simple

These new rules are expected to make things easier for you. Nonprofits can now enjoy fewer obstacles and better reimbursement rates for their actual costs.

Key Changes to Note:

Community First

Programs should be tailored to the communities they serve, moving away from a one-size-fits-all approach.

Diversity Matters

Policies should consider diverse perspectives and include community input.

Language Inclusivity

No more being lost in translation—important documents will no longer be exclusively in English.

Ensuring Fair Pay for Nonprofits

Nonprofits have long struggled with underpayment for their valuable work. These new guidelines are set to change that narrative.

Guaranteed Minimum Rate

Minimum indirect cost rate now set at 15% of modified total direct costs, up from 10%.

Consistency Across Agencies

Once you’ve negotiated an indirect cost rate, it applies across all federal, state, and local agencies.

Right of Appeal

You can now escalate disputes to OMB if agencies don’t comply with cost rate agreements.

Simplified and Accessible Grant Processes

Federal Notices of Funding Opportunities (NOFOs) are getting a much-needed makeover. Expect clear, straightforward information right at the top of grant announcements. The goal? Make it easier for you to spot the right opportunities without sifting through mountains of bureaucratic language.

Up-Front Payments: A Game Changer

No more waiting in line for reimbursements. The new rules ensure that up-front payments are not just a possibility but a preference, making funding more accessible and reliable for nonprofits.

Additional Reforms

Single Audit Threshold

Raised from $750,000 to $1 million.

Streamlined Reporting

Federal agencies will cut down on unnecessary reports, focusing on metrics that matter.

Are you prepared to embrace this wave of change? Explore these transformative opportunities and elevate your nonprofit mission to new levels. Let's work together to create amazing outcomes!