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For foundations, a matching gift is a grant made directly to a nonprofit on the condition that the nonprofit raises a set quantity of money before the grant is bestowed. The benefit of foundation matching grants is that they provide greater incentive leverage when a nonprofit is fundraising from its constituency.
If for example a state plans to use $1 million of HOME funds during the year, HUD provides $750,000 (75%) and the State must provide $250,000 (25%) for the program to achieve the $1 million goal. This compliance requirement is known as "matching." States can achieve this by either donating non-federal cash (e.g., cash from operations—not from ...
Funding is further hindered by legislated rules; these rules prohibit grants of more than $1 million to any single organization and stops federal matching of IDAs at $2000 total. [13] Because there are several groups that regularly receive grants from AFI, this limits the help AFI can give to organizations that are successful in dispersing funds.
A typical requirement is similar to matching funds where funds must be raised or acquired from other sources following a stated matching factor, often 2:1, 3:1 or 4:1. For example, a $1,000 challenge grant with a 3:1 match would require the recipient to raise $3,000 before they would receive the $1,000 grant.
Specifically, the bill “directs the Internal Revenue Service (IRS) to establish a Community Volunteer Income Tax Assistance Matching Grant Program to provide matching funds for the development, expansion, or continuation of tax preparation programs to assist low-income taxpayers and members of under-served populations.”
The Historic Preservation Fund is not funded through tax revenue. Rather, it is funded by royalties accumulated by the Office of Natural Resources Revenue through payments, rentals, bonuses, fines, penalties, and other revenue from the leasing and production of natural resources from federal and Indian lands onshore and in the Outer Continental Shelf. [6]
Community Food Projects is a program administered by the Cooperative State Research, Education and Extension Service providing one-time matching grants to private non-profit entities to establish and carry out multi-purpose projects designed to increase food security on a local, community-based level. Project objectives are to meet the needs of ...
Individual and matching deposits are never co-mingled; all matching dollars are kept in a separate, parallel account. When the IDA account holder has accumulated enough savings and matching funds to purchase the asset and has completed a required financial education course, payments from the IDA are made directly to the asset provider to ...