The Endowment Challenge Grant is a matching grant supporting nonprofit organizations in building endowments in Linn County, Iowa.
Donor Name: Greater Cedar Rapids Community Foundation
State: Iowa
County: Linn County (IA)
Type of Grant: Matching Grant
Deadline: 09/12/2023
Size of the Grant: $25,000
Grant Duration: 5 years
Details:
Nonprofit endowment funds are an investment 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 with five years to meet the match.
Eligibility Criteria
- Nonprofit organizations in Linn County, Iowa, 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
- The organization serves residents of Linn County
- A received Endowment Challenge Grant will only serve residents of Linn County
- 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.
Ineligible Organizations
- Organizations that do not meet two or more of the above criteria
- Organizations with a core religious mission.
For more information, visit GCRCF.
