Matching Funds

What are matching funds?

Match is grantee contributions such as cash or in-kind (property, equipment, supplies, or services).

1)   cash

2)   in-kind (donated goods and/or services)

What is there to know about match reporting?

It is the Principal Investigator and/or Project Director's responsibility to document that the match requirement for a grant is met. 

Cash match incurred related to a grant should be recorded in an account separate from the grant account.  The account can be a specific account set up solely to record the match expenses.

In-kind match incurred related to a grant should be documented properly to support the match requirements.

The PI should inform the Controller's Office of the match incurred for reporting purposes.  If a separate account is used for cash match, the Controller's Office can complie the information for the account.  If a general account is used for match, the PI must provide the supporting detail to the Controller's Office.  The PI must provide the supporting documentation of in-kind match to the Controller's Office.

The Controller's Office will report the match incurred based on the information provided.

Is there anything else about match I should know?

Yes.  You can't use federal dollars for matching funds on a federal grant.  (OMB A 110 - Section 23)

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