The Endowment Challenge Grants supports nonprofit organizations with a matching grant to help start and build endowment funds for sustainability.
Donor Name: Greater Cedar Rapids Community Foundation
State: Iowa
County: Linn County (IA)
Type of Grant: Grant | Matching Grants
Deadline: 09/13/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: 5 Years
Details:
The matching endowment fund is opened and held at the Greater Cedar Rapids Community Foundation. Nonprofit endowment funds invest in the mission and the future of the organization by providing general operating support, stability during cyclical income variances, and income for areas of high importance to the organization.
Funding Information
$25,000 and five years to meet the match.
Eligibility Criteria
Nonprofit organizations that are at least seven years old (based on the date of the IRS letter of determination) and hold 501(c)(3) status may apply if they meet two or more of the following criteria:
- The organization is based in Linn County, Iowa
- The organization serves residents of Linn County, Iowa
- An awarded Endowment Challenge Grant will only serve residents of Linn County, Iowa
- The organization currently holds one or more nonprofit endowed funds at the Community Foundation. The fund(s) must have been opened AND have a balance at or above the $10,000 fund minimum at least one year prior to the date of application.
For more information, visit GRCF.
