Accounting

Matching Grants

Occasionally the Foundation will make a grant to encourage a grantee organization to broaden its base of support by requiring that the grantee match all or a part of the Foundation’s grant. The grantee is required to match Foundation funds at a fixed rate (e.g., $1 of Foundation funds is matched by $2 raised by the grantee). In most cases, the Foundation asks that the matching requirement be met by cash contributions, not pledges. Payment by the Foundation is contingent upon the grantee submitting verification in writing of the source, date and amount of the matching contribution.