Advanced Financial Management Series - Session 2: A Primer on Indirect Cost Rate

Indirect costs are costs for common or joint purposes within an organization that benefit all programs or projects. While the Office of Management and Budget (OMB) provides guidance on indirect cost rates in 2 CFR 200, for many people they remain a mystery. Join us for 90 minutes as we pull the curtain back on indirect cost rates and explore the requirements and options you and your partners have. 

This online training is a stand-alone course offered as part of an advanced financial management series focused on helping participants gain a deeper understanding of the principles of sound financial management practices and to implement them in their organizations. 

Instructor: Wayne Freeman

Who Should Attend:

• Grant managers and program administrators
• Finance staff overseeing federal funds
• Compliance and monitoring staff
• Organizational leaders responsible for financial oversight

What You Will Learn:

• What indirect cost rates are and why they matter for federally funded programs
• Key components used to calculate and apply an indirect cost rate
• Common challenges organizations face when managing indirect costs
• Best practices for documenting and supporting indirect cost allocations

Participant Pre-training Assignment: N/A

Training Date and Time: The session date is May 13, 2026. The session will be held 2:00pm-3:30pm EST. (You will be able to sign-on at 1:45pm to ensure readiness at session start time.)

Location: Online