Match Requirements
Organizations must demonstrate matching resources of at least 50% of the value of the total awarded funds, of which up to 25% (of that 50%) may include volunteer/labor hours. For example, if the City provides funding of $5,000, the applicant must demonstrate either cash or matching resources as described below of at least $2,500, with no more than $1,250 of those resources being from volunteer/labor hours.
The match provided must have a direct relationship with the event being undertaken, and may be demonstrated in payments to direct service providers such as for equipment rental or reductions in costs; or, sponsorship payments received and donations; or, documented volunteer/labor hours as follows:
- Donated or volunteer labor is valued at the rate published by the Independent Sector (https://independentsector.org/resource/value-of-volunteer-time/) for Virginia in the last published calendar year. Donated or volunteer labor can account for no more than 25% of the 50% match requirement.
- Donated or discounted professional services will be valued at the full cost of the service provided. Professional services are those which an individual or group provides as part of paid employment that are offered at a reduced rate. These services must have a direct contribution to the event in order to be counted as match.
- Reductions in cost may include discounts or donations you receive for the market price of materials and services. Price quotes for these must be obtained from at least two (2) other vendors to substantiate the value of the match.
Applications most likely to receive approval are those which plan to utilize City funds along with other resources from their community. Therefore, you may wish to recruit volunteer labor or contact local businesses, financial institutions, and other agencies about other possible resources in support of the event.