Massachusetts S2203 aims to enhance the effectiveness of nonprofits' core mission work through full cost funding.

Massachusetts S2203 amends Chapter 29 of the General Laws to allow nonprofits to be reimbursed for indirect costs at a rate negotiated with the federal government. This applies to nonprofits receiving grants or contracts funded by the state, either wholly or partially. The reimbursement rate must match the nonprofit's Negotiated Indirect Cost Rate Agreement (NICRA) with the federal government, if available. This change aims to ensure nonprofits can fully cover their operational costs, thereby enhancing their effectiveness in core mission work.

Massachusetts S2203 aims to enhance the effectiveness of nonprofits' core mission work through full cost funding.

Massachusetts S2203 amends Chapter 29 of the General Laws to allow nonprofits to be reimbursed for indirect costs at a rate negotiated with the federal government. This applies to nonprofits receiving grants or contracts funded by the state, either wholly or partially. The reimbursement rate must match the nonprofit's Negotiated Indirect Cost Rate Agreement (NICRA) with the federal government, if available. This change aims to ensure nonprofits can fully cover their operational costs, thereby enhancing their effectiveness in core mission work.