Cash contributions refer to the actual cash outlay made by a grantee, which includes funds provided by other public agencies, private organizations, and individuals. Under certain federal laws, funds received from other assistance agreements can also be counted as cash contributions. Essentially, this term encompasses all monetary contributions that support a grant or cooperative agreement.
Cash contributions are commonly used in the context of grants and cooperative agreements, particularly in public funding and nonprofit sectors. Legal practitioners may encounter this term in various areas, including:
Users can manage their cash contributions through legal forms and templates provided by services like US Legal Forms, which can help ensure compliance with relevant regulations.
Here are a couple of examples of abatement:
Example 1: A nonprofit organization receives a $10,000 grant from a state agency. They also secure an additional $5,000 from a local business as a cash contribution. The total cash contributions for their project would be $15,000.
Example 2: A city receives federal funding for a community development project and includes $20,000 from a private foundation as part of their cash contributions. (hypothetical example)
Pursuant to 49 CFR 18.3, cash contributions are defined within the context of transportation grants and cooperative agreements. This regulation outlines how cash contributions can be counted towards funding requirements.
| Term | Definition | Key Differences |
|---|---|---|
| In-kind contributions | Non-cash contributions such as goods or services. | Cash contributions involve money, while in-kind contributions involve tangible items or services. |
| Matching funds | Funds that must be matched by the grantee to receive a grant. | Matching funds require a specific dollar-for-dollar contribution, whereas cash contributions can include various sources of funding. |
If you are involved in a grant or cooperative agreement and need to report cash contributions, ensure you document all sources of funding accurately. Consider using legal templates from US Legal Forms to streamline the process. If your situation is complex, consulting with a legal professional may be advisable.
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A cash contribution includes any monetary outlay made by the grantee or funds provided by other entities.