RSIF Competitive Grant Match Formula

 

 

Here is how you figure it for $15,000.  The formula is 15,000 x 10% + 1,500.  Then, divide this number by “1.00 minus the match % (which is 1.00-.100 = .90). Then divide 1,500 by .90, which equals 1,666.  To check the results, add $15,000 + $1,666 for the total project cost of $16,666. Then multiply $16,666 x 10% which equals the match $1,666.