On January 29, 2025, the Office of Management and Budget (OMB) rescinded its original memorandum related to the temporary pause of agency grants, loans, and other financial assistance programs.
The new memo requests that government agencies contact their agency General Counsel relating to the implementation of the President's executive orders. Per the White House, executive orders on funding review remain in effect and will be implemented by all agencies and departments.
We will continue to keep you updated if any additional information emerges.
If you have any questions or would like to discuss how the federal funding freeze may impact your organization, please reach out to Katie Galaska, Director, Audit & Accounting, or any member of our Not-for-Profit Industry Group.