Nonprofit Savings Account Challenge Grants
The Nonprofit Savings Account Challenge Grants from the South Dakota Community Foundation help nonprofits build permanent endowment funds through a matching challenge to support long-term sustainability.
Funder: South Dakota Community Foundation
Due Dates: Rolling (year-round), except paused during grant portal transition (see key info)
Funding Amounts: Up to $20,000 matching grant per organization (1:4 match; raise $80,000 in 2 years to receive full match)
Summary: Supports South Dakota nonprofits in building permanent endowment funds through a challenge matching grant.
Key Information: Applications paused after September 30, 2025, for portal transition—check funder site for reopening.
Description
The Nonprofit Savings Account Challenge Grants program helps South Dakota nonprofits establish or grow their permanent endowment funds at the South Dakota Community Foundation (SDCF). Through this initiative, SDCF offers a challenge grant that matches $1 for every $4 raised by the nonprofit (up to $20,000). The goal is to foster long-term financial sustainability for nonprofits by building assets that generate annual support for their missions. Funds raised and matched are invested in perpetuity, with a portion available annually for organizational use.
