Grant Applicant Tip: In-Kind Contribution vs. Investment
Grant recipients are often required to raise 50% of the cost of their project themselves before Creative Saskatchewan is able to invest the other 50%.
“In-kind” contributions to an applicant’s project don’t count as funds raised by the applicant.
That poses a challenge when “in-kind” contributions can be critical, which happens frequently with Microbudget Production and Web Series projects.
Here’s an example to help grant applicants overcome that challenge:
A Web Series applicant secures the use of camera equipment from an established production company for free.
That’s an “in-kind” contribution that does not count as funds raised by the applicant.
However, if the applicant enters into an agreement with that same established production company to share in revenue created by the project, the equipment loan becomes an “investment” that does count towards funds raised by the applicant.
As long as the cash value of the equipment rental is set fairly, that dollar amount becomes an investment that can trigger matching funds from Creative Saskatchewan.
For more information about how to restructure “in-kind” agreements as “investments” with the potential to trigger Creative Saskatchewan funding, please contact firstname.lastname@example.org