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Welcome!. Wayne County Foundation Challenge Match Initiative November 10 - 21, 2014. Some Background …. Three Competitive Grantmaking Cycles Focused on Nine Program Categories Not Well-Suited for Operating Support
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Welcome! Wayne County Foundation Challenge Match Initiative November 10 - 21, 2014
Some Background … • Three Competitive Grantmaking Cycles Focused on Nine Program Categories • Not Well-Suited for Operating Support • 2011 Impact Grant a Forerunner to the Challenge Match Initiatives in 2012 and 2013
Hallmarks of the Program … • Goal of Promoting Philanthropy and Providing Grantees with an Effective Development Tool • No Particular Restrictions as to Purpose • Foundation Match Dollars are Triggered by Community Participation in Designated Match Period • Match Goals Aligned with Budget Size • Bonus Match Possible for Overachievers
Same Idea This Year … With One Big Change
Same Idea This Year … We are eliminating the look-back period to distinguish between new donors and current donors. (Can I get a WhooHoo?)
2014 Program Parameters • Requirements for Participation: • Qualified Charity or Fiscal Sponsor Partnership • Located in Wayne County • Good Standing with the IRS and the Foundation • Some Previous Relationship with the Foundation
2014 Program Parameters • 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 • We Reserve the Right to Adjust Match Goals
2014 Program Parameters • 12-Day Match Period:November 10 - 21 • Qualifying Gifts Limit: $1,000 per Gift per Donor per Organization • 1:1 Match up to Stated Match Goal • Cash Contributions Only During the Match Period • No Pledges
2014 Program Parameters • $152,500 Minimum Match Pool • Bonus Match Distributes Unallocated Dollars to Organizations that Exceed Match Goals • Prorated Basis • Up to Level of Overachievement
2014 Program Parameters • Gifts Received and Processed by Participating Organizations at their Locations • Verification • Spreadsheet Summaries • Copies of Thank-You Letters • Foundation’s Online Giving Option Available
Key Dates • Thursday, August 28 – Application Deadline • October 16 – Participants Notified • November 10 through November 21 – Match Period • December 2 – Spreadsheet Summaries Due • December 9 – Copies of Thank-You Letters Due • All Distributions Made This Year
Application and Evaluation • Cover Page and Up to 2-Page Narrative • Why is Participating Important at this Time? • What Community Benefits will be Realized? • What is Your Plan and How You Will Achieve It? • If for a Specific Project, what is Total Cost? • 1-Page Current Year Local Budget Summary
Evaluation … A Deeper Dive • A Larger Match Pool and Fewer Restrictions May Result in More Applicants • Still a Tool to Improve Your Organization’s Development Function • How Will You Leverage this Opportunity to Attract New / Cultivate Current Donors?
Evaluation … A Deeper Dive • Also … Increasingly Focused on Measurable Outcomes – as Contrasted to Level of Activity • What Stories Illustrate the Difference Your Organization Makes in Our Community? • Take the Opportunity to Tell Us
Help is Available! • Contact Rachel Hughes for Advice About Fundraising / Solicitation Best Practices • Contact Lisa Bates about Application Materials and Program Plans
Upcoming Events • July 31 at 4:00p – Deadline for Receiving “Spirit of the Community” Grant Applications • 2 Events TBD August – Special Workshop on Succession Planning and ED Evaluation with Bryan Orander; Nonprofit Networking Luncheon • October 24 – Women’s Leadership Conference
