CHALLENGE GRANTS

One of the aims of the Community Foundation of Tampa Bay is to help our nonprofits establish stable, reliable sources of funding. Agency endowments through the Foundation allow local nonprofits to secure a dependable annual revenue while the principal of the endowment remains untouched.

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.