What is the standard for valuing and documenting the non-cash match?
The value of volunteer services and hourly rates shall be consistent with those paid for similar work in the grantee organization or otherwise comparable to the competing labor market. Volunteer services shall be documented in the same manner as the organization’s employees, including time records. The value of donated property and equipment shall not exceed fair market value at the time of donation. Donated space shall not exceed the fair rental value of comparable space as established by independent appraisal in a privately-owned building in the same locality. The basis for determining the valuation of personal (volunteer) services, material, equipment, buildings and land must be documented.
