Indirect Cost Rate: The Key to Paying for Your Infrastructure Edit Title

Wed, Feb 19, 2014 at 1pm EDT / 10am PDT Edit Date

Donors want to pay for programs. Most donors do not want to pay for everything you need behind the scenes to make sure money raised is responsibly spent to advance the organization's mission. How then do you raise money for administrative staff, office rent, insurance, computers, software, furniture and the like? The US government, many local governments, and some foundations allow you to apply an indirect cost rate to your program expenses as a mechanism for the donor to fund infrastructure. In this webinar, you will learn what an indirect cost rate is and how to use it to pay for essential non-program expenses.

Takeaways:

  • The different purposes of an indirect cost rate.
  • How to calculate an indirect cost rate for each purpose.
  • Resources for calculating indirect cost rates for Federal grants.
  • Negotiating the indirect cost rate with the donor.

About the presenter: Paul Konigstein has over twenty years experience as a controller and Chief Financial Officer at arts, culture, education, and international development not for profits including the Metropolitan Opera, the New York Hall of Science, Helen Keller International, and the American Montessori Society.

Paul is also chair of the Bridgespan NY CFO Group and co-chair of the Financial Executives Networking Group not for profit special interest group and is Treasurer of The Animation Project.

He holds an MBA in finance from New York University and a BS in marketing from the Wharton School of the University of Pennsylvania.

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