
Matching Grant Program Description Form
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People also ask
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What is a matching fund?
Matching funds are funds that are set to be paid in proportion to funds available from other sources. Matching fund payments usually arise in situations of charity or public good. The terms cost sharing, in-kind, and matching can be used interchangeably but refer to different types of donations.
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What is the purpose of matching funds?
Essentially, the goal is to maximize impact while reducing costs. Matching grants can also help promote the sustainability of funded projects, ensuring that organizations are equipped to keep running their new programs over time once the funding ends.
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What is a matching grant program?
Matching grants are grants provided by corporations, foundations, or individuals to nonprofit organizations wherein the corporation agrees to match a certain amount of money that the nonprofit raises. Matching grants require your nonprofit to contribute to your fund like the grantor does.
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What is an example of a matching funds requirement?
Example: For a federal award amount of $350,000, match would be $350,000 x 50% = $175,000 match, or $350,000 x 10% = $35,000 match.
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What is a match requirement?
Matching or cost sharing means that a portion of the project's cost is not paid by federal funds. Matching funds are typically stated as a percentage of the total amount of funds awarded. Matching requirements can vary across the different Department of Justice programs.
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How to find matching funds?
Foundation websites. Many foundations and grantmaking organizations offer matching grant programs. Visit the websites of local, state, and national foundations to explore available grant opportunities.
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What are the rules for matching funds?
Matching grants are conditional funding awards that require an organization to raise a specified portion of the grant through solicitation of new money and/or in-kind contributions. The “match” amount required varies based on individual funding guidelines but can generally range from 20% to 100% of the grant award.
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What is the purpose of a program grant?
Program grants are the most common type of grant and provide funding for a specific program or project. For example, a program grant might fund a specific after-school program for at-risk youth in a low-income community. The grant money could be used to finance staff, supplies, and activities for the students.
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