Applicants are invited to apply for the Nonprofit Endowment Challenge to secure their future by establishing or adding to an existing endowment fund.
Donor Name: Weld Community Foundation
State: Colorado
County: Weld County (CO)
Type of Grant: Grant | Matching Grants
Deadline: 01/15/2024
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
All endowment funds generated through the Nonprofit Endowment Challenge will be managed by the Weld Community Foundation and will be placed into a permanent, named fund for the organization.
Funding Information
The minimum amount to open an endowment fund at the Community Foundation is $20,000. Through the Endowment Challenge, a nonprofit invests $10,000 or more to create an endowment and the Foundation awards up to $10,000 in matching funds.
The Review Committee will give special consideration for:
- Incorporation of endowment building strategies into the overall development efforts of the organization
- Involvement and demonstrated leadership of Board members in endowment fundraising
- Marketing plans that incorporate endowment building and planned giving
- Organizational stability and track record in raising various types of funds.
- Nonprofits who focus on plans to grow the endowment fund once it has been established
- Meaningful mission statement for the organization.
- The potential financial vitality and community impact of the organization.
- The content and feasibility of the proposal outlining how a minimum of $10,000 will be contributed by December 31, 2023.
- The ability, capacity and leadership of the organization to meet the stated challenge objectives.
Preference will be given to organizations which have been in existence for a minimum of three years. Preference will also be given to organizations who wish to establish their first organizational endowment, but the match is also open to those who have an existing endowment under the Community Foundation’s management and who wish to further build their fund.
Organizations selected for the Nonprofit Endowment Challenge will be offered consulting services to help build competencies and strengthen the agency. Organizations selected will additionally receive publicity for their endowment campaign from the Community Foundation.
For more information, visit Weld Community Foundation.