Nonprofit Savings Account Challenge Grants
SDCF's Nonprofit Savings Account Challenge Grants help South Dakota nonprofits build permanent endowment funds through a matching grant to ensure long-term financial stability.
Funder: South Dakota Community Foundation (https://www.sdcommunityfoundation.org)
Due Dates: Rolling (Applications accepted year-round)
Funding Amounts: Up to $20,000 matching grant per organization (1:4 match; must raise $80,000 in 2 years)
Summary: Supports South Dakota nonprofits in building permanent endowment funds through a challenge grant with matching contributions to ensure long-term financial stability.
Description
The Nonprofit Savings Account Challenge Grants program is designed to strengthen South Dakota nonprofits by encouraging the creation and growth of permanent endowment funds at the South Dakota Community Foundation (SDCF). Through a 1:4 matching challenge, SDCF incentivizes nonprofits to raise funds for their endowment, providing matching contributions and investing the fund balance in perpetuity. This ensures a sustainable source of annual funding, helping organizations build long-term financial stability and support their missions for generations.
