The Latest Lowdown on Government Money
It may seem like manna from heaven, but there are pitfalls to be aware of.
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As of this writing in October, OMB recently had issued its second set of FAQs. It stated that it is the state pass-through's choice whether or not it is willing to negotiate a rate higher than 10 percent for nonprofits that have never had an indirect cost rate. Essentially, this means there will be little if any negotiations. (Why would a state voluntarily pay a higher amount?) The National Council of Nonprofits is challenging this with OMB, as that is not what the Uniform Guidance indicates.
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