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The Office of Management and Budget has laid out a new rule indicating that nonprofits will now be able to secure up to 10 percent out of their federal grants and contracts to pay for overhead, or "indirect" costs.
Additionally, the budget office raised the threshold for nonprofits that must go through special audits, from $500,000 in annual federal support to $750,000.
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Philanthropic Follies
The Wall Street Journal profiles the new book \"The Good Rich and What They Cost Us.\"
According to the reviewer, the book, which covers over two centuries of American philanthropy, posits that
...more Mary Kay Foundation Awards Grants
Waypoint Madge Phillips Center Shelter has recently received a $20,000 grant from The Mary Kay Foundation in observation of National Domestic Violence Awareness Month in October.
According to Anne
...more Paulding Education Foundation Awards $7,500
Paulding Education Foundation has recently awarded $7,500 to Paulding schools as a result of the foundation\'s School Grant Program.
Recipients include South Paulding High School, Austin Middle
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Social Entrepreneurship
Spotlight
When Hannah Davis traveled to China to teach English, she noticed how Chinese workers and farmers were often sporting olive green army-style shoes. Those shoes served as her inspiration to create her own social enterprise, Bangs Shoes.