Describe cost sharing and how it is used as part of grant proposal development

Answer 1

Cost sharing, which is also called matching or cost matching, occurs when the grant-seeking organization agrees to pay certain costs (by contributing cash or in-kind goods or services) of the project. For instance, an organization may agree to contribute the cost of office space, incentives, photocopying, a percentage of a worker's time, and/or indirect costs. Grant seekers should check the grant guidelines or call the sponsor to determine whether cost sharing is required and, if so, how much of the grant costs must be matched. If cost sharing is required, the grant-seeking organization usually is required to contribute (or match) a percentage of the funds requested. For example, some grant sponsors require that the grant seeker contribute one dollar for every dollar they award (a 100 percent match). Others may require the grant seeker to contribute more or less than a dollar for every dollar they award.