You may be leaving money on the table if you don't negotiate the indirect cost rate in your grants. Indirect costs, or overhead, typically make up a very small portion of the grant, with the majority of funds being restricted to programs. However, trends indicate more and more funders are open to supporting your work more holistically, including general operating costs.
The conventional 10% for indirect costs, with the right negotiation tactics, can increase to double, even triple, or more! Additionally, your successfully negotiated rate with one federal agency can be accepted by all federal agencies.
Learn more about how to increase your indirect cost rate. Jasmine Markanday, grants consultant and president of PKS Grant Management & Accounting Solutions, will discuss:
- What you can categorize as direct costs vs. indirect costs
- The impact of negotiating the rate for indirect costs
- Identifying the Cognizant Agency
- Successful processes for negotiating an indirect cost rate.
All registrants will receive the recording and materials afterward.
Jasmine Markanday, MBA founded PKS Grant Management & Accounting Solutions, LLC in 2015. She specializes in strategic grant planning, research, writing effective grant budgets, grant management, indirect cost negotiations, compliance, audit preparation, and training. She is a regular speaker on Federal Grants Management topics.
(Free for Members)