Hey everyone, let’s talk about making the most out of matching grants\u2014it’s a game-changer when navigating through NOFOs (Notice of Funding Opportunities)!<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n