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Grants

Business grants, government funding programs, and application guidance

AASB 1061 Tier 3: An Implementation Playbook for Australia’s Smaller Not-for-Profits

AASB 1061 creates a simplified Tier 3 general purpose reporting framework for eligible Australian private-sector not-for-profits, mandatory for annual periods beginning on or after 1 July 2029. Here is what changes for leases, grant revenue, financial instruments, and donated assets — and the records, registers, and policies to build before the first Tier 3 year closes.

OMB's Uniform Guidance Overhaul: What the 2 CFR 200 Rewrite Means for Nonprofits on Federal Grants

OMB's proposed Uniform Grants Regulation would replace 2 CFR Part 200 by October 1, 2026 — making the rules binding regulation, eliminating most fixed-amount awards in favor of cost-reimbursement, and adding termination-for-convenience authority. Here's what nonprofit finance teams should do about the 30–60 day reimbursement lag, indirect cost documentation, and new allowability limits before the final rule lands.

FASB ASU 2025-10 Explained: The First U.S. GAAP Standard for Government Grants

FASB's ASU 2025-10, issued December 4, 2025, creates the first standalone U.S. GAAP guidance for government grants received by business entities. It requires recognition only when compliance and receipt are both probable, offers deferred-income or cost-accumulation presentation for asset-related grants, mandates annual disclosures, and takes effect for private companies in annual periods beginning after December 15, 2029.