To aid agencies in forming and growing their endowments, the Foundation established the Endowment Growth Challenge (formerly called the Challenge Grant Program). The Challenge awards $1 for $3 raised for the endowments of participating nonprofits.
Thanks to our generous donors, almost $4-million has gone to more than 70 participating nonprofits’ endowments through the Challenge so far. The Foundation hopes to add at least $3-million to the Challenge fund over the next five years.
For information about how your nonprofit can apply for the challenge, contact Molly James, Vice President, Philanthropy.