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.
a fund-raising strategy that says "we'll give you X dollars if you can get X dollars from other sources
Awards that are matching grants, to encourage new and increased support, usually for cultural institutions. Challenge grants require a match of funds. For example, "three-for-one" or four-for-one," means that for every three or four dollars raised from other sources, the sponsor will "match," or award, one dollar. These are one-time, multi-year grants, generally allowing the recipient a specified time period, usually up to three years, to come up with the "other sources" portion to be matched.
A grant that will be paid only if the recipient organization is able to raise additional "matching funds" from another source or sources. The challenge grant is used to stimulate giving from other foundations or donors.
A pledge made by a donor on condition that the organization soliciting funds is able to raise a designated amount of funding from other donors. Challenge grants are generally designed to stimulate giving from other donors.
A grant that is paid if the recipient organisation is able to raise additional funds from other sources, which may be used to stimulate giving from other donors. The term can also refer to fundraising, with a private trust or foundation matching dollar for dollar contributions from, for example, the local community.
n. a challenge gift donated by an organization, corporation, or foundation.
A grant that is promised to an agency contingent on the agency coming up with additional funds from other sources. For instance, a foundation may make a challenge grant of $50,000, to be paid when the recipient has developed another $50,000 in grants and donations.
grant that provides monies in response to monies from other sources, usually according to a formula. A challenge grant may, for example, offer two dollars for every one that is obtained from a fund drive. The grant usually has a fixed upper limit, and may have a challenge minimum below which no grant will be made. This form of grant is fairly common in the arts, humanities, and some other fields, but is less common in the sciences. A challenge grant differs from a matching grant in at least one important respect: The amount of money that the recipient organization realizes from a challenge grant may vary widely, depending upon how successful that organization is in meeting the challenge. Matching grants usually award a clearly defined amount and require that a specified sum be obtained before any award is made.
A grant that is made on the condition that other funding be secured, either on a matching basis or by some other formula, usually within a specified period of time, with the objective of encouraging expanded fundraising from additional sources.
A type of charitable grant awarded by a grantmaker in order to encourage other donors to support the charity. A challenge grant typically will not be paid to the charity unless and until the charity obtains other gifts in a specified amount by a specified deadline.
A grant paid on the condition that the recipient institution raises additional funds from other donors. The challenge grant provides a stated fraction of the total fundraising goal. This type of grant is meant to stimulate others to contribute to a program.
A grant made on the condition that other contributions will be secured, usually according to a particular formula and usually within a specified period of time. The objective is to encourage expanded giving from additional sources. Example: Fibonacci Challenge
A grant that is paid only if the donee organization is able to raise additional funds from other sources. Challenge grants are often used to stimulate giving from other donors. Sometimes also called a matching grant.
A grant awarded that will be paid only if the donee organization is able to raise additional funds from another source(s). Challenge grants are often used to stimulate giving from other donors. (See also Matching Grant)
a grant made on condition that other gifts or grants will be obtained on some prescribed formula, usually within a specified period of time, with the objective of encouraging other gifts or grants.
A challenge grant is a grant in which a sponsor provides funds to help institutions and organizations secure long-term support for improvements in the institution. Most challenge grants provide one dollar for every three or four dollars raised by the recipient through a special fund or pledge drive. The amount of funding an institution receives from the sponsor generally depends on the amount of funding the institution can provide, within fixed upper and lower limits.