We know it’s hard to stretch our individual piece of the “funding pie.” We know it’s challenging to balance the internal priorities of a foundation’s board. We know it can be risky to be the first foundation in the door on a new endeavor.
Challenge (or matching) grants are great tools for stretching a foundation’s grant dollars, helping a group diversify its donor base, and testing the attractiveness of a project or program for other “investors.” Yet, many nonprofit executives admit that the challenge grant process can be exasperating for all involved.
One foundation, which has issued nearly 1,000 matching grants, uses a simple method to alleviate some of the difficulties.
Login to Read More