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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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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
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
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
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
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
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
Now … More Clarity
Match Period: October 29 – November 9
Qualifying Gifts Limited to $1,000 per Gift per Donor per Organization
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
Now … More Clarity
Bonus Match will Distribute Unallocated Match Dollars to Organizations that Exceed Stated Match Goals
Prorated Basis Up to Level of Overachievement
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
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
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
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
Questions?
Thanks for Coming!Join Us for the Next
Nonprofit Networking Luncheon
Tuesday, July 24 at Ivy Tech
Sign Up by Friday, July 20!