The Latest Lowdown on Government Money
It may seem like manna from heaven, but there are pitfalls to be aware of.
At first, we thought that the OMB Guidance would allow nonprofits to negotiate indirect costs. This was the cause of much rejoicing. We could get overhead covered! And it all would work out!
Now we are seeing that the Guidance will be toothless in terms of requiring states to pay for overhead, unless the OMB acts fast to modify it. We want states to be required to pay for more indirect costs for the services that nonprofits provide.
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