The Challenge Match Initiative
The Wayne County Foundation’s Challenge Match Initiative grew out of a need to help local not-for-profit organizations raise unrestricted operating dollars more efficiently. It quickly became a means to help organizations strengthen their development functions and a fun way for donors to express which charities are most important to them. Perhaps most importantly – at least from the Foundation’s perspective – the Challenge Match became a very positive and highly-visible way to encourage charitable giving in our community.
Here’s how it works:
Participating organizations are given the opportunity to secure a dollar-for-dollar match from the Foundation, up to a specified match goal, based on qualifying gifts they receive from the community in a designated period of time.
In order to participate, organizations must:
- be located in Wayne County;
- be in good standing with the IRS and the Foundation;
- have some previous relationship with the Foundation;
- submit an application outlining their work in the community and why it is important;
- show their plan for achieving the match; and
- identify the outcomes they expect to achieve with the community’s support.
Match goals are assigned based on the organization’s request and the Foundation’s assessment of the application. These goals represent the dollar amount the Foundation will match, and essentially, the maximum amount an organization can expect to receive from the Foundation. In no way, however, do they limit the total amount of money an organization can raise. Gifts up to $1,000 per person per organization received during the designated match period qualify for the match.
A grant use report is to be submitted online within six months after the grant is awarded. The report can be completed at https://waynecofdngrants.communityforce.com/Login.aspx