Nonprofit Savings Account Challenge Grants
Nonprofit Savings Account Challenge Grants support South Dakota nonprofits in building permanent endowments through matched fundraising, creating a lasting source of annual support for their missions.
Funder: South Dakota Community Foundation
Due Dates: Rolling (applications accepted year-round) | Two years (fundraising challenge)
Funding Amounts: Up to $20,000 in matching funds ($1 for every $4 raised over two years)
Summary: Supports South Dakota nonprofits in building permanent endowments at SDCF for consistent, long-term mission support.
Key Information: Funds must benefit an IRS-verified South Dakota nonprofit and remain invested in a permanent SDCF endowment.
Description
South Dakota Community Foundation’s Nonprofit Savings Account Challenge Grants help nonprofits build permanent endowments that provide lasting support for their missions. The program partners with donors and nonprofit organizations to strengthen endowed assets, recognizing the importance of consistent funding for the work carried out by nonprofit staff and volunteers across South Dakota.
Successful recipients solicit gifts for a new or existing permanent endowment at SDCF, with the foundation adding matching support after the grant period. For organizations that already hold an Agency Endowment fund at SDCF, new gifts establish a designated companion fund benefiting the organization. The fund balance remains invested in perpetuity, with a portion available annually to support the nonprofit’s mission.
