Grants Management: Understanding Indirect Cost & Cost Allocation

Episode four of the Grants Management Podcast series focuses on indirect costs related to grant projects and the importance of capturing those costs to assist your organization with grant-related personnel and overhead expenses.

This podcast episode is hosted by Kimberly Konczack, an Advisory Manager at Cherry Bekaert, and Kat Kizior, Manager, with special guest Nikky Lettini, Managing Director, Advisory Services. 

As part of Cherry Bekaert’s GPS podcast series, this episode covers:

• An explanation of indirect costs
• Definitions of indirect cost rate and cost allocation 
• The importance of using indirect costs to recover administrative expenses
• The advantages of indirect cost reimbursement when receiving a grant award
• Who can receive an indirect cost rate and how long it takes
• The types of guidance for indirect costs

Cherry Bekaert’s Grant Lifecycle Management team manages grants end-to-end, bridging the service gap to improve internal controls and staff success so your organization can maximize every opportunity. If you have any questions specific to your business needs, Cherry Bekaert’s Government & Public Sector team is available to discuss your situation with you.

Related Resources

• Podcast: Budget for Success—How to Build a Successful Grant Budget
• Podcast: Justify Your Spending— Grant Expenditures 
• Podcast: Update—2024 Uniform Guidance 
• Article: Determining Your True Cost for Full Cost Recovery
• Webinar Recording: The True Cost of Grants and How to Maximize Your Cost Recovery – A CPE Webinar Recording

View All Podcasts in this Series