(1) Private dollars means dollars invested in the project or donated to the applicant specifically for the project by any combination of one or more of the following:

(a) An individual;

(b) An organization that is exempt from income tax under section 501(c) of the Internal Revenue Code; or

(c) Any nongovernmental organization.

(2) Private dollars does not include any direct or indirect funding from any federal, state, or local government.