Ep. 1 - What Happens to Equipment After the Grant?

02/07/2025 21 min Temporada 2 Episodio 1
Ep. 1 - What Happens to Equipment After the Grant?

Listen "Ep. 1 - What Happens to Equipment After the Grant?"

Episode Synopsis

Welcome back to Season 2 of Grant’s Management Experts, the podcast where we break down the complex world of grants so you can manage them with confidence! I’m your host, Jasmine Markanday, president and owner of Markanday Consulting.In this kickoff episode, we’re diving into an often overlooked but critical part of the grant lifecycle: equipment disposition.When your federally funded project wraps up, what happens to the equipment you purchased with those funds? Can you keep it? Sell it? Use it for another grant? And what rules must you follow to stay compliant?Here’s what you’ll learn in this episode:What "equipment disposition" really means in the grant worldHow to determine if your item qualifies as "equipment" based on 2 CFR 200 thresholdsWhen you need to request disposition instructions from your funding agencyThe updated federal thresholds: $5,000 vs. $10,000 — and how to know which appliesWhat to do if equipment is worth less than the threshold vs. more than the thresholdReal-life examples to make the rules crystal clearWhat to include in your documentation for audit readinessBest practices for inventory tracking, valuation methods, and internal policiesWhether you’re closing out your first grant or you're a seasoned grant manager, this episode is packed with practical guidance to help you stay compliant, avoid surprises, and keep your audit trail clean.️ Pro Tip: The equipment is still considered federal until all disposition rules are followed — don’t skip the final step! Connect with Jasmine & Markanday ConsultingInstagram: @markandayconsultingLinkedIn: @markandayconsultingQuestions or feedback? Send us a DM or write a review! If you found this helpful, share it with a colleague and hit that subscribe button to keep learning how to master grants management, one episode at a time.