Definitions for "Challenge Grant"
A grant that is made on the condition that other monies are secured, either on a matching basis or via some other formula, usually within a specified period of time, to stimulate giving from other sources.
A grant made on the condition that other monies must be secured, either on a matching basis or via some other formula, usually within a specified period of time, with the objective of stimulating giving from additional sources.
A grant given by one donor that is intended to inspire other donors to give. Sometimes the challenge grant will not be paid until and unless matching funds are pledged.