MATCHING GRANT Meaning and
Definition
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A matching grant refers to a type of funding arrangement in which a grant-making organization agrees to provide financial support to a recipient on the condition that the recipient raises the same amount of money from other sources. The purpose of a matching grant is to incentivize the recipient to secure additional funds from alternative sources by promising to match their raised funds with its own financial contribution.
Typically, a matching grant program is designed to encourage collaboration between grantmakers and grantees, as well as foster community engagement and commitment. It allows non-profit organizations, educational institutions, and other entities to leverage their resources and expand their impact. By requiring the recipient to actively seek and secure matching funds, the grantmaker ensures that both parties are invested in the success of the project or program being supported.
Matching grants can take various forms depending on the specific terms and conditions established by the grantor. Some matching grants may require a dollar-for-dollar match, meaning that for every dollar raised by the recipient, the grantmaker will contribute an equivalent amount. Others might have different matching ratios, such as one-to-two, wherein the grantmaker would contribute two dollars for every one dollar raised by the recipient.
Overall, matching grants are a strategic funding approach that encourages collaboration, mobilizes additional resources, and promotes sustainability in the non-profit sector. They provide a powerful tool for organizations and institutions to maximize their funding potential and achieve greater outcomes in their endeavors.
Common Misspellings for MATCHING GRANT
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Etymology of MATCHING GRANT
The word "matching grant" is derived from the combination of two words: "match" and "grant".
The term "match" is derived from the Old English word "mæccan", which means "to mate, join, or unite". Over time, its meaning evolved to include the concept of "correspondence or equality". In the context of a grant, it refers to the act of providing funds or resources that correspond to or match a specific amount contributed by another party.
The term "grant" has its origins in Middle English, derived from the Old French word "graunter", which means "to allow, consent, or permit". A grant, in general, refers to a sum of money or resources given for a particular purpose, usually by a government, organization, or institution.
