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Published byMary Ball Modified over 9 years ago
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Welcome! Wayne County Foundation Challenge Match Initiative
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When We Last Met … Changes to Discretionary Grantmaking Abandon Traditional Program Categories Two Competitive Cycles, Not Three New Eligibility and Dollar Limits Challenge Match Initiative with Structure Similar to 2011 Impact Grant
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At That Time … Challenge Match Details Were Not Final Very Few Restrictions Program or Operating Expected Many Organizations to Qualify Match Period and Dollar Limits TBD Almost Everything We Discussed is Still True
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Since Then … Discussed Further by Foundation Board Convened Task Force Foundation Board Members and Previous Board Members Representatives of Grantee Organizations Foundation Staff $150,000 Approved by Foundation Board
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Now … More Clarity Goal of Promoting Philanthropy and Providing Grantees with an Effective Development Tool Now More Focused Emphasis on Securing New Donors and Increasing Gifts from Current Contributors
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Now … More Clarity Participating Organizations Selected Qualified Wayne County Charity or Fiscal Sponsor Partnership Interest in Participating Benefits to the Community Stated Goals for New and Increased Gifts
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Now … More Clarity Match Goal Eligibility Based on Current Year Local Operating Expenses Up to $5,000 for Organizations < $200,000 Up to $10,000 for Organizations >=$200,000
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Now … More Clarity Match Period: October 29 – November 9 Qualifying Gifts Limited to $1,000 per Gift per Donor per Organization
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Now … More Clarity 1:1 Match up to Stated Match Goal Contributions from First-Time Donors Increases in Gifts from Current Contributors Cash Contributions Only – No Pledges
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Now … More Clarity Bonus Match will Distribute Unallocated Match Dollars to Organizations that Exceed Stated Match Goals Prorated Basis Up to Level of Overachievement
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Now … More Clarity Verification Spreadsheet Summary Copies of Thank-You Letters Gifts Received and Processed by Participating Organizations at their Locations Foundation’s Online Giving Option Available
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Now … More Clarity Key Dates August 16 – Application Deadline September 20 – Participants Notified Match Period = October 29 to November 9 All Distributions Made This Year
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Now … More Clarity Application Details Cover Page and Up to 2-Page Narrative What is Your Plan How You Will Achieve It Why it is Important 1-Page Current Year Local Budget Summary
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To Recap … $150,000 Challenge Match Initiative Emphasis on New Donors and New Dollars Foundation Dollars Triggered by Community Participation in 12-Day Match Period No Particular Restrictions as to Purpose Match Goals Aligned with Budget Size Bonus Match Possible for Overachievers
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Questions?
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Thanks for Coming! Join Us for the Next Nonprofit Networking Luncheon Tuesday, July 24 at Ivy Tech Sign Up by Friday, July 20!
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