Nonprofit Savings Account Challenge Grants
The SDCF Nonprofit Savings Account Challenge Grant helps South Dakota nonprofits build permanent endowment funds by matching $20,000 for every $80,000 raised, supporting long-term financial stability and sustainability.
Funder: South Dakota Community Foundation
Due Dates: Rolling (applications accepted year-round)
Funding Amounts: Up to $20,000 in matching funds (1:4 match); must raise $80,000 in two years to receive full match.
Summary: Supports South Dakota nonprofits in building permanent endowment funds to ensure long-term financial stability through a challenge grant and match.
Key Information: Funds must be raised and in the account within two years; no pledges accepted.
Description
The Nonprofit Savings Account Challenge Grants program, offered by the South Dakota Community Foundation (SDCF), is designed to help South Dakota-based nonprofits establish or grow permanent endowment funds. Through a 1:4 matching model, SDCF provides up to $20,000 in matching funds for organizations that raise $80,000 over a two-year period. The resulting endowed funds are invested in perpetuity, with annual distributions to support the nonprofit’s ongoing mission. This initiative aims to foster long-term financial stability and sustainability for nonprofits serving South Dakota communities.
