Obert Undem Community Vitality Endowment Fund – a matching grant initiative designed to build non-profit capacity and sustainability through establishing or growing endowments at the Billings Community Foundation.
Donor Name: Billings Community Foundation
State: Montana
County: Selected Counties
Type of Grant: Grant
Deadline: 06/30/2023
Size of the Grant: $2,500 to $5,000
Grant Duration: 1 year
Details:
Grant recipients will have until the end of the year to raise matching funds to earn the grant on a 1:1 basis (Each dollar from BCF leverages two additional dollars. For instance, a $3,000 challenge grant would help leverage an additional $3,000, for a total of $6,000 in endowment growth.) The Endowment Challenge Grant and matching funds will be added to the non-profit’s existing Permanent Endowment fund held at the Billings Community Foundation or can be used to establish a new one.
Funding Information
- Grants will range from $2,500 to $5,000
- Grant funds must be expended within one year of the award date.
Eligibility Criteria
- Grants are for 501(c)3 non-profit organizations in Yellowstone, Musselshell, Rosebud, Custer, Treasure, Bighorn, Carbon, Stillwater, and Fergus counties. Government entities and religious organizations defined by the IRS in Section 170(c)1 or 170(b)1A are also eligible. All other organizations are required to have a 501(c)3 fiscal sponsor prior to submitting a grant request
- Applicants must have had their IRS designation for at least three years and be currently governed by a board of directors with a minimum of five members
- An organization may submit only one application per grant cycle
- Organizations may submit grant applications every year. However, the Billings Community Foundation will not grant to an organization that has been awarded the previous three consecutive years
- Final grant reports are required to be submitted by the grantees or fiscal sponsors. Organizations that fail to submit final grant report will be ineligible to apply for further funding for a minimum of three years.
For more information, visit BCF.
