For the amount of match required by your funding opportunity (application question 11), use the method indicated in the NOFO. For the amount of match requested from the GMF pilot program (application question 12), calculate your match based on the funding request (option one below). If you need help calculating the match figures for your application, please contact the GMF pilot program manager for technical assistance.
There are several options that funding organizations may use. We'll provide examples of two of the more common options. The first option is based on a percentage of the funding request and the second option is based on a percentage of the total project cost (or total award).
This example includes a notice of funding opportunity that requires a 20% match. You are requesting $500,000 from the funding agency. The required match is calculated by multiplying $500,000 by the 20% (or .20). This equals a required match of $100,000. Your organization can come up with $70,000 of the $100,000, which means $30,000 in match is needed from the GMF pilot program. To calculate this percentage, take the match needed as a percentage of the funding request. What that means is to take $30,000 divided by $500,000 which equals 0.06, which is 6%. You would request 6% match from the GMF pilot program. In this example, your project cost (or total award) is $600,000 which equals the funding request of $500,000 plus the match of $100,000.
This example's notice of funding opportunity requires a 20% match. You are planning a project or program that will cost $675,000. This is your total project cost (or total award). The required match is calculated by multiplying $675,000 by the 20% (or .20). This equals a required match of $135,000. The amount you would request from the funding organization is the difference, or $675,000 minus $135,000 which equals $540,000.