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Value-Added Producer Grant
Application Requirements
Template Options for Verification of Matching Funds

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Template One: Verification of Applicant CASH Matching Funds
The applicant must include a statement in the application verifying (a) the amount of cash match, and (b) the source of the cash match. A copy of a bank statement with an ending date within one month of the application submission and showing an ending balance equal to or greater than the amount of Cash Matching Funds proposed is also required at time of application.

If the applicant is paying for goods and/or services during the grant period that are eligible expenses for the project, the expenditure is considered a cash match.

Template Two: Verification of an Applicant’s Approved Loan or Line of Credit for Matching Funds
The applicant must include a signed letter from the lending institution verifying (a) the amount of funds committed and available, (b) the purposes for which funds may be used, and (c) the time period of availability of the funds. Include specific dates (month/day/year) when loan funds will be made available to the project corresponding to the proposed grant period or to dates within the grant period.

Template Three: Verification of Applicant In-Kind Contribution for Matching Funds
The applicant must include a signed letter describing (a) the nature of the goods or services to be donated and how they will be used, (b) the value of the goods or services, and (c) when the goods or services will be donated, including specific dates (month/day/year) corresponding to the proposed grant period or to dates within the grant period when the contributions will be made available to the project.

Note that applicant in-kind match contributions for planning grants should not include values for applicant time spent on feasibility or business planning activities, due to a possible conflict of interest. Although applicants may participate with their consultant in these activities, they may not include their time as an in-kind match contribution to the project.

Also note that if the applicant organization is purchasing goods or services for the project (salaries, inventory), the contribution is considered a cash contribution and must be verified as described in Template One. If an owner or employee of the applicant organization is donating goods or services, the contribution is considered a third-party in-kind contribution and must be verified as described in Template Five.

Template Four: Verification of Third-Party CASH Matching Funds
The application must include a signed letter from the third-party verifying the (a) amount of cash to be donated, and (b) when it will be donated, indicating specific dates (month/day/year) corresponding to the proposed grant period or to dates within the grant period when matching funds will be made available to the project.

Template Five: Verification of Third-Party IN-KIND Contribution for Matching Funds
The application must include a signed letter from the third-party describing (a) the nature of the goods and/or services to be donated, (b) the value of the goods and/or services to be donated, and (c) when the goods and/or services will be donated during the grant period, including specific dates (month/day/year) corresponding to the proposed grant period, or to specific dates within the grant period when matching contributions will be made available.

Organizations contributing the services of affiliated volunteers must follow the third-party verification requirement above, for each individual volunteer. In-kind contributions from third-parties cannot be used to directly benefit the third-party contributor.

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