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Welcome! Wayne County Foundation Challenge Match Initiative

Welcome! Wayne County Foundation Challenge Match Initiative

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At That Time …  Challenge Match Details Were Not Final  Very Few Restrictions  Program or Operating  Expected Many Organizations to Qualify  Match Period and Dollar Limits TBD  Almost Everything We Discussed is Still True

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Page 1: Welcome! Wayne County Foundation Challenge Match Initiative

Welcome!

Wayne County Foundation

Challenge Match Initiative

Page 2: Welcome! Wayne County Foundation Challenge Match Initiative

When We Last Met …

Changes to Discretionary Grantmaking

Abandon Traditional Program Categories Two Competitive Cycles, Not Three New Eligibility and Dollar Limits Challenge Match Initiative with Structure

Similar to 2011 Impact Grant

Page 3: Welcome! Wayne County Foundation Challenge Match Initiative

At That Time …

Challenge Match Details Were Not Final

Very Few Restrictions Program or Operating Expected Many Organizations to Qualify Match Period and Dollar Limits TBD

Almost Everything We Discussed is Still True

Page 4: Welcome! Wayne County Foundation Challenge Match Initiative

Since Then …Discussed Further by Foundation Board

Convened Task Force Foundation Board Members

and Previous Board Members Representatives of Grantee Organizations Foundation Staff

$150,000 Approved by Foundation Board

Page 5: Welcome! Wayne County Foundation Challenge Match Initiative

Now … More Clarity

Goal of Promoting Philanthropy and Providing Grantees with an Effective Development Tool Now More Focused

Emphasis on Securing New Donors and Increasing Gifts from Current Contributors

Page 6: Welcome! Wayne County Foundation Challenge Match Initiative

Now … More Clarity

Participating Organizations Selected

Qualified Wayne County Charity or Fiscal Sponsor Partnership

Interest in Participating Benefits to the Community Stated Goals for New and Increased Gifts

Page 7: Welcome! Wayne County Foundation Challenge Match Initiative

Now … More Clarity

Match Goal Eligibility Based on Current Year Local Operating Expenses

Up to $5,000 for Organizations < $200,000 Up to $10,000 for Organizations >=$200,000

Page 8: Welcome! Wayne County Foundation Challenge Match Initiative

Now … More Clarity

Match Period: October 29 – November 9

Qualifying Gifts Limited to $1,000 per Gift per Donor per Organization

Page 9: Welcome! Wayne County Foundation Challenge Match Initiative

Now … More Clarity

1:1 Match up to Stated Match Goal

Contributions from First-Time Donors

Increases in Gifts from Current Contributors

Cash Contributions Only – No Pledges

Page 10: Welcome! Wayne County Foundation Challenge Match Initiative

Now … More Clarity

Bonus Match will Distribute Unallocated Match Dollars to Organizations that Exceed Stated Match Goals

Prorated Basis Up to Level of Overachievement

Page 11: Welcome! Wayne County Foundation Challenge Match Initiative

Now … More Clarity

Verification Spreadsheet Summary Copies of Thank-You Letters

Gifts Received and Processed by Participating Organizations at their Locations

Foundation’s Online Giving Option Available

Page 12: Welcome! Wayne County Foundation Challenge Match Initiative

Now … More Clarity

Key Dates

August 16 – Application Deadline September 20 – Participants Notified

Match Period = October 29 to November 9

All Distributions Made This Year

Page 13: Welcome! Wayne County Foundation Challenge Match Initiative

Now … More Clarity

Application Details

Cover Page and Up to 2-Page Narrative What is Your Plan How You Will Achieve It Why it is Important

1-Page Current Year Local Budget Summary

Page 14: Welcome! Wayne County Foundation Challenge Match Initiative

To Recap … $150,000 Challenge Match Initiative

Emphasis on New Donors and New Dollars

Foundation Dollars Triggered by Community Participation in 12-Day Match Period

No Particular Restrictions as to Purpose

Match Goals Aligned with Budget Size

Bonus Match Possible for Overachievers

Page 15: Welcome! Wayne County Foundation Challenge Match Initiative

Questions?

Page 16: Welcome! Wayne County Foundation Challenge Match Initiative

Thanks for Coming!Join Us for the Next

Nonprofit Networking Luncheon

Tuesday, July 24 at Ivy Tech

Sign Up by Friday, July 20!