Nonprofit Accounting Basics

Government Grants: Other Items to Consider

Topics: 

Many government grants also contain specific requirements the recipient must follow in order to fully comply with the grant. Although these requirements can cover a wide range a common requirement is the matching clause. This clause requires the NFP to contribute/raise a certain level of funds to the project. These funds can come from any source, other than another government grant. Additional guidance on matching requirements can be found in OMB Circular A-110.