Introduction
Indirect costs, sometimes referred to as "overhead," include expenses that support overall operations but cannot be readily assignable to just one program or activity. Typical examples include facility costs and administrative costs such as the salaries and benefits of administrative staff (e.g. human resources, finance staff, and executive leadership), and office supplies and insurance.
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Aug 14, 2025
Jul 14, 2025
Accounting for Promises to Give Under GAAP, the term “promises to give” is used to describe donor agreements to contribute cash or other assets. These promises can be written or oral; however, organizations must have verifiable documentation before recognizing a promise as a receivable. Such documentation should include the donor’s name and contact details, the amount pledged, the due date, the date of the promise, and the name of the staff or representative involved.
Types of Promises: Unconditional and Conditional
