New Federal Grant & Contract Guidelines are a Good First Step for Everyone
The guidelines are long and complex, but highlights include:
OMB increases indirect cost reimbursements for nonprofits
It’s also hoped the acknowledgment by OMB will get the attention of corporations and foundations whose grants funding still operates under the 7-10 percent indirect costs principle.
Federal Grantees to Get Help With Overhead Costs
The Office of Management and Budget said it considered higher rates, but that it picked a “conservative” amount “to protect the federal government from excessive over reimbursement.”
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