Grants and Subgrants to Commercial Firms

Webinar • Thursday, July 8, 2021 • 2:00-3:30 p.m. ET

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$249.00 Grants and Subgrants to Commercial Firms (07.08.21) (On-Demand Recording)
Webinar Details

Prerequisites: Some knowledge of federal grant management and audit requirements is helpful

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

One decision that the Office of Management and Budget made when it rolled out its uniform guidance in 2 CFR 200 a few years ago was what to do about grants and subgrants to commercial firms. The solution was to give federal agencies the discretion to impose selected portions of the uniform guidance on those firms.

The result is that, first, there is cost accounting and audit policies for commercial recipients and subrecipients that differ from those that apply to government, higher education and nonprofit entities. Further, there is unevenness among federal agencies in their policies toward commercial entities.

Built into the key pieces of legislation passed by Congress in response to the pandemic, such as the CARES Act and the American Rescue Plan (ARP) Act, is the expectation that grant awards and subawards to commercial firms would become much more common. So, chances are good that your organization will become involved in making grants or subgrants to commercial firms if you aren’t already doing so.

Federal agencies and pass-through entities that are making assistance awards to commercial firms must depart from a one-size-fits-all approach in significant ways. This webinar will provide you with a solid grounding to meet this unique accountability challenge.

You’ll learn about:

  • The difference between assistance and procurement transactions and why that’s important
  • The difference between an unallowable donation or contribution and an allowable subgrant and why that’s important
  • The significance of statutory provisions that override uniform guidance provisions
  • Eligible grant program activities intended for commercial firms
  • Conduct of required risk assessments on commercial firms that have scant grant experience
  • Treatment of program income that commercial firms may earn during grant-funded activity
  • Ownership, use and disposition of grant and subgrant acquired property
  • The similarities and differences in cost allowability for commercial firms under 48 CFR 31
  • How to achieve oversight since commercial firms are exempt from single audits


  • Grant and contract managers
  • Sponsored projects administrators
  • Grant project directors
  • Purchasing agents
  • Principal research investigators
  • Finance directors
  • Accounting staff
  • Internal auditors
  • External auditors

Join Bob Lloyd, principal of Federal Fund Management Advisor™, for this unique session.

Hand-out Materials:

Attendees will receive presentation slides as well as access to background materials.

Allowable Charges

The costs of webinars sponsored by Federal Fund Management Advisor™ are allowable charges to your federal grants and subgrants. The cost principles issued by OMB under its uniform guidance (and applicable to all types of awardees) state, “The cost of training and education for employee development is allowable” (2 CFR 200.472).

Attend this Live Webinar and Earn up to 1.5 CPE Credits

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This comprehensive resource blends age-old conventional wisdom with the historic changes in OMB’s uniform guidance. You'll benefit from the advice of experts on time and effort reporting, procurement under grants, direct charging certain costs, single audit preparations, subrecipient monitoring and much more. The 500+ page softbound book is a valuable management guide, compliance document and training tool for busy grants managers, program directors, financial officers and auditors at nonprofit organizations, educational institutions, and state and local governments.

This valuable resource will help you and your grants management team:

  • Understand the differences between direct and indirect costs
  • Make the subrecipient vs. contractor determination
  • Realize the full impact of OMB’s emphasis on internal controls
  • Understand which familiar elements of time and effort reporting have been retained in the uniform guidance ... and which are new
  • Know the nuances of requirements for subrecipient assessment and monitoring
  • Understand contract clauses in agreements for procurement under grants
  • Apply the general tests of allowability
  • Understand special issues confronting pass-through entities contracting with foreign organizations
  • Know which clauses flow down when crafting a subaward
  • Understand what is meant by a 10% de minimis indirect cost rate
  • Audit the vulnerabilities in your grants management operation
  • Understand what is meant by audit "resolution"
    ...and much more

A Practical Guide to Federal Grants Management is the best insurance policy there is for limiting your organization’s risk of disallowed costs, loss of federal funding and public relations nightmares. Add it to your order today!

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