Hey everyone, let’s talk about making the most out of matching grants—it’s a game-changer when navigating through NOFOs (Notice of Funding Opportunities)!
One of the first things to consider when reviewing grant details is whether there’s a matching requirement. Essentially, this means that in addition to the grant funds, your municipality, organization, or partners need to contribute a specified amount of matching funds. Matching grants aren’t suitable for every project. If you’re struggling to gather initial project funds, you might want to explore grants without a matching requirement.
However, matching grants can be a lifesaver if your organization or municipality has a project waiting in the wings due to budget constraints. They bridge the gap between what’s needed and what’s available.
Some grants may require an in-kind match, where your organization’s contribution doesn’t have to be monetary but could be in the form of goods or services. Others might not demand a match but look favorably on applicants who offer a partial contribution. In such cases, consider tapping into internal resources, fundraising efforts, or seeking support from project partners to meet the match requirement.
At Boyd Grants, we’re here to help you navigate these nuances and maximize your chances of securing matching grants that align with your project goals. Visit www.boydgrants.com to learn more about how we can assist you in unlocking funding opportunities! 🌟
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