; (5) that includes academic standards that prepare students to meet grade-level benchmarks; (6) that may include standards related to cognitive development, socio-emotional learning, physical and behavioral skills development, and recreational activity; and (7) that, if supported by paraprofessionals, is supported by paraprofessionals who meet the qualifications outlined in the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 6301 et seq.). (d) Matching requirement (1) In general An eligible entity that receives a grant under this section shall provide, from non-Federal sources, an amount equal to not less than 20 percent of the amount of the grant, which may be provided in cash or in-kind, to carry out the activities supported by the grant. (2) Waiver The Secretary may waive all or part of the requirement under paragraph (1) for any fiscal year for an eligible entity if the Secretary determines that applying the requirement would result in serious hardship or an inability to carry out the activities described in subsection (c). (e) Report Not later than 120 days after the date of the enactment of this Act, and annually thereafter, the Secretary shall conduct a study and submit a report to Congress that— (1) specifies the number of State educational agencies, local educational agencies, and Tribal organizations that offer full-day kindergarten programs; and (2) assesses the availability of such programs with respect to each State. (f) Reservation of funds For each fiscal year, the Secretary may reserve not more than 5 percent of the funds made available to carry out this section— (1) to provide technical assistance to potential applicants and to grantees