0       0

AICPA Not-for-Profit Industry Conference


NOT2055 - Paying their Fair Share: Major Funders Rewrite the Grantmaking Playbook


Jun 10, 2020 9:05am ‐ Jun 10, 2020 10:20am

Description

Since 2016, a small group of the nation's largest foundations have had the courage to face a key underlying cause of chronic underfunding: project-restricted grants that do not cover nonprofits' true costs.

Based on the group's findings in collaboration with the financial firms BDO and FMA, the funders are re-writing the playbook on funding indirect costs. And they want this to be the start of a sector-wide movement.

Hear what the pilot program's "verification partners" learned about indirect cost rate verification with individual grantees, and what guidelines are on the horizon for standard indirect cost rate calculation and possible verification by independent CPA firms.

Learning Objectives:
  • Understand the emerging shift in philanthropic focus on funding indirect costs
  • Identify the expected verification guidelines for nonprofits and their external CPA verification partners

Speaker(s):

Tags: SKA
Category: Concurrent Session (Onsite and Online)

You must be logged in and own this session in order to post comments.

Print Certificate
Review Answers
Print Transcript
Completed on: token-completed_on
Review Answers
Please select the appropriate credit type:
/
test_id: 
credits: 
completed on: 
rendered in: 
* - Indicates answer is required.
token-content

token-speaker-name
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
/
/
token-index
token-content
token-index
token-content