All capital grants awarded from the National Fund for Sacred Places require a cash match. Any grant under $100,000 requires a 1:1 cash match, while grants of $100,001 or more will require a 2:1 cash match (for example, in a 2:1 scenario, a $200,000 grant will require the grantee to raise an additional $400,000 in matching funds). The grant amount will not exceed 50% of the project cost.
Sources of match may include:
- Written pledges or cash from individuals, foundations, or corporations
- Proceeds from the sale of stock, real estate or other property
- Government grants
- Organizational funds
- Congregational giving
- Funds raised through events, raffles, and other fundraising efforts
- Matured bequests
- In-kind materials and professional services that directly benefit the grant-funded project. In-kind donations may not exceed 20% of the required matching funds. Value will be based on the fair market value of donated materials or services. Grantees that will be using in-kind donations as part of their match should be in contact with the fund administrator to ensure that the pledged amount is properly determined and documented.
Bridge or construction loans and reserve funds of the congregation cannot count as matching funds.
The intent of requiring Matching Funds is to leverage new money raised because of the grantee’s participation in the Fund. Therefore, funds solicited, applied for, pledged or secured prior to the grantee’s official acceptance into the program will not be counted toward the project match. For example, if the grantee received notification that their application was successful and their organization was accepted into the program on October 1, 2018, any grants applied for and any donations solicited prior to that date, even if the funds were received after October 1, would not be eligible as matching funds.
Grantees will need to provide documentation for any single matching gift of $25,000 or more. Grantees will agree to retain documentation on all matching gifts for a period of three years post-grant and will provide documentation on all gifts if requested by the administrators of this fund.