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Matching funds are funds that are set to be paid in proportion to funds available from other sources. Matching fund payments usually arise in situations of charity or public good . The terms cost sharing , in-kind, and matching can be used interchangeably but refer to different types of donations.
The most frequent early use of the phrase may be found in a series of cases describing the paradigm for federally sponsored welfare programs such as medical assistance or the former Aid to Families with Dependent Children (AFDC) programs in which a participating state's program is financed largely by the Federal Government, on a matching fund ...
For example, 100% FMAP for some eligible service means that the federal government pays the entire cost and 50% FMAP would mean that the cost is split evenly between the state and federal government. Funds that are eligible for FMAP match include Medicaid, State Children's Health Insurance Program (SCHIP) expenditures, Temporary Assistance for ...
A typical requirement is similar to matching funds where funds must be raised or acquired from other sources following a stated matching factor, often 2:1, 3:1 or 4:1. For example, a $1,000 challenge grant with a 3:1 match would require the recipient to raise $3,000 before they would receive the $1,000 grant.
Eric Adams’ reelection bid is facing a watershed moment Monday when the city Campaign Finance Board is expected to decide whether to grant the indicted mayor millions in public matching funds ...
The government will match 50% of your contributions up to $2,000 annually. In other words, contribute $2,000 to get the full $1,000 match. Contribute $500 to receive a $250 match.
Additional funds may be available in emergency situations or as match funds when contributions are provided by local governments, private businesses, or non-profit organizations. Final distribution of funds is conducted through the program grantees, which are able to design their programs to meet consumer needs while adhering to the goals and ...
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