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This document provides guidelines for completing in-kind match forms related to the funding by Let’s Talk About It program by the Idaho Commission for Libraries, detailing personnel time and meeting
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How to fill out library in-kind match forms
How to fill out Library In-Kind Match Forms
01
Gather necessary documentation for the in-kind contribution.
02
Determine the fair market value of the goods or services being contributed.
03
Complete the Library In-Kind Match Form by providing your contact information.
04
Detail the description of the in-kind contribution in the form.
05
Enter the fair market value calculated for the contribution.
06
Include any supporting documentation, such as receipts or letters of acknowledgment.
07
Sign and date the form to certify accuracy.
08
Submit the completed form to the designated library authority.
Who needs Library In-Kind Match Forms?
01
Organizations or individuals contributing goods or services to the library.
02
Grant recipients required to document in-kind contributions for funding purposes.
03
Libraries needing to track and report non-cash contributions.
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People Also Ask about
What is the difference between cash match and kind match?
Match funding can also be pledged as “in-kind” or non-cash donations, which are allocated to the budget in ance with the value of the contribution. An in-kind match can be in the form of real property (including land and buildings), equipment, supplies, services, training or other contributions.
What is an in-kind contribution to the federal grant?
An in-kind contribution is a non-monetary contribution. Goods or services offered free or at less than the usual charge result in an in-kind contribution.
What are the matching requirements for federal grants?
Match Required: 20% of total project cost This means the grantee is responsible for covering at least 20% of the total project cost using non-federal funds. A project totaling $1,250,000 could apply for $1,000,000 in federal funds (80%) and would need to produce $250,000 (20%) in match.
What is an in-kind grant match?
In-kind match are materials and services, secretarial services, space and utilities, equipment and technical assistance provided by your organization or donated by a non-federal third party specifically for this project.
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What is Library In-Kind Match Forms?
Library In-Kind Match Forms are documents used to report non-cash contributions or services provided to a library project, which can be counted towards required matching funds.
Who is required to file Library In-Kind Match Forms?
Organizations or individuals involved in a library project that receives funding and needs to document non-cash contributions are required to file Library In-Kind Match Forms.
How to fill out Library In-Kind Match Forms?
To fill out Library In-Kind Match Forms, provide detailed descriptions of the in-kind contributions, including the type of service or item, value assigned, and names of contributors, along with signatures if required.
What is the purpose of Library In-Kind Match Forms?
The purpose of Library In-Kind Match Forms is to provide documentation of non-cash contributions that can supplement financial funding and demonstrate community support for library projects.
What information must be reported on Library In-Kind Match Forms?
The information that must be reported includes the type of in-kind contribution, the value of the contribution, the date it was contributed, and the name and contact information of the contributor.
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