Strengthening Nonprofit Accountability: Notes on the Upcoming Changes to Federal Award Guidelines

Benetech is a nonprofit that receives federal funding in support of its work, and therefore our Finance team has had the opportunity to familiarize ourselves with the upcoming changes to federal award guidelines that will take effect in December. In this post, I’d like to share key issues we’ve learned, with the hope that our nonprofit peers find this account useful. We believe that it’s worth learning more about these changes now rather than being surprised later—and that it’s well worth aiming for a special status that will save you money on your audits.