Purpose:The Endowment Challenge Fund is a matching grant supporting nonprofit organizations in building endowments in Linn County, Iowa. The matching endowment fund is opened and held at the Greater Cedar Rapids Community Foundation after notification of funding. 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.
Eligibility: 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 agency 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.
- Organizations that do not meet two or more of the above criteria
- Organizations with a core religious mission
Request Amount: $25,000 and five years to meet the match
Application and Forms:
Download the Endowment Challenge Grant Guidelines, Application Questions and Scoring Criteria
Download the Endowment Challenge Grant Budget Form
Change in Organization Budget Requirements Effective Summer 2018
Endowment Challenge Fund Management
Questions? Contact: Rochelle Naylor, Program Officer, at email@example.com or at 319.774.2373.
NOTE: The Community Foundation maintains strict standards to uphold the integrity of the grantmaking process. Our conflict of interest policy applies to grant committees, board and staff requiring recusals in cases of conflict of interest. The Community Foundation review processes are methodical and transparent, with scoring tools for competitive grant applications available in the online applications.