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Q&A
Limitations of returnable grant fund in covering indirect costs
2:40:46
·
78 sec
Council Member Julie Won questions why the returnable grant fund doesn't cover indirect costs, highlighting a significant issue for nonprofits waiting on millions in unpaid funds.
- Nonprofits have reported that the returnable grant fund doesn't cover indirect costs
- Many nonprofits have been denied access to the fund
- Michael Sedillo suggests there might be opportunities for providers to submit for ICR or approved new needs in certain situations
- Council Member Won recommends expanding the returnable grant fund and including indirect cost rates
Julie Won
2:40:46
Okay, talking about indirect cost rates, I want to talk about returnable grant funds again.
2:40:51
Nonprofits have been told that the returnable grant fund doesn't cover indirect costs which is where millions of dollars are being held up.
2:40:58
It's disingenuous from our perspective to say that nonprofits don't know that returnable grant fund exists when most of them have been denied.
2:41:06
Why doesn't our returnable grant fund account for indirect cost rates?
2:41:53
Yeah we should definitely look into expanding the refundable returnable grant fund and also including in their cost rates.
2:42:01
I'm going to turn it over to my co chair Stevens to ask more questions.
Michael Sedillo
2:41:18
Thanks so much for the question Chairwon.
2:41:21
I would, I don't have on hand all three of the categories, but I do understand that the third category to be funding delays, and I do think that there are opportunities for providers to submit for ICR or approved new needs in some certain situations.
2:41:41
And so if that is not being honored, if there's an issue there, I'd be happy for folks to flag for me and I can work with the Chief Nonprofit Officers to see if that is some flexibility we can provide to the providers.