By: Jacqueline Love Roder, MBA – Grant Analyst
Cost Share, also known as “non-Federal share” or “match,” is the portion of the costs of a federally assisted project or program not borne by the Federal Government. Both the Federal share and the non-Federal cost share must be for eligible costs used in direct support of activities that the grantor has approved in the grant award.
To meet cost-sharing requirements, the non-Federal contributions must be:
d) Necessary under the grant program and must comply with all Federal requirements and regulations.
Contributions of cash, third-party in-kind services, materials, or any combination thereof, may be accepted as part of the non-Federal cost-share. Matching or Cost Sharing and 2 C.F.R. § 215.23.
As with other Federal Assistance programs, these aids are subject to external audits. If you are an institution receiving Federal Assistance that requires Cost Sharing or Matching, contact us for more information on how to comply and prepare for the audit or any other matters regarding federal grants.
If you have any questions on this and any other Federal Grants related matter, please do not hesitate to contact our Federal Grants Advisory Services Team at 787-425-0500 or contact us here