Category: Nonprofit
Nonprofits, did you know you can now recover more of your indirect costs on federal awards? The de minimis indirect cost rate just increased from 10% to 15% under the 2024 Uniform Guidance revisions.
Donor pledges can strengthen your nonprofit’s mission, but accounting rules matter. Conditional and unconditional promises to give are treated differently, and timing is everything.
The Illinois Attorney General has rolled out an online filing system. Charitable organizations will be required to use this system for all their filings.
Recent updates brought by the One Big Beautiful Bill (OBBB) may not change nonprofit tax rules directly, but they could influence donor giving patterns.