CHALLENGE GRANT
A challenge grant is an award made to an organization and/or community
contingent upon matching funds being raised usually within a specified
period of time. Commonly these grants require raising two or three
dollars for each grant dollar awarded.
Creative
Communities Endowment Challenge Program
As the name implies, the Creative Communities Endowment Challenge
Program is a program to challenge rural communities to establish
their own permanent community assets. The challenge will come
in the form of a grant from the Foundation made available to select
communities that raise new permanent endowment. The goal of the
Creative Communities Endowment Challenge Program is to ensure
that rural areas have permanent resources to address local challenges
and opportunities. Established and supported by local individuals,
businesses, and organizations, these community savings accounts
will become a source of capital to strengthen the community for
generations to come.