Note: The application package is also available in Adobe Portable Document Format (PDF), a more printer-friendly format. You must have Adobe Acrobat Reader installed on your computer to use this feature. You can download the free Adobe Acrobat Reader software here.
May 15,
2001
Dear Nonprofit Colleague:
I would like to take this opportunity to share information
about a new program at The Community Foundation that we are
very excited about. It is called the Great Giving Match.
The Great Giving Match is intended to challenge selected nonprofits
to establish or build their endowments, so that they may begin
to reap the benefits of a stable and reliable source of annual
funding. Once the endowment is established, it acts as a savings
account for an organization, generating interest annually
that may be used to meet whatever expenses are the most important
for that group that year. That annual payout is normally 5
percent of fund principal.
We have raised challenge money that we are offering to those
groups who would like to focus on their endowments extensively
over the next two years. We will offer a dollar-for-dollar
match on new money, as well as technical assistance and support,
to selected groups trying to establish or build their endowments.
Here’s how it works: If you choose to apply, print and
complete the application. The deadline is 5 p.m. June 29 in
our office. Along with your board, please identify the amount
you want to raise for your challenge, between $5,000 and $25,000
each year for a two-year period. The Community Foundation
will manage the endowments raised for the Great Giving Match.
We will inform applicants of decisions by late September.
The first technical assistance session will be on Nov. 6,
2001, a session with Kim Klein to get you started. In addition,
we will have periodic training sessions for the entire group.
Foundation staff will also be available to answer questions
and work with selected groups. Recipients will have until
Jan. 2, 2003, to meet the first year’s challenge. The
second year will end on Jan. 2, 2004.
A committee consisting of Community Foundation staff and partners
and donors to this effort will consider applications. Every
effort will be made to accept groups working in a variety
of fields and geographic locations within the county. Some
of the things they will be looking for in applications include
organizations that demonstrate:
- Stable finances
- Steady or increasing number of constituents served
- Quality programming that serves a demonstrated need
- A strong and committed board
- A feasible fund raising plan
- A
plan for continued endowment development.
In addition
to the application, a Frequently Asked
Questions page is also available.
If you still have questions you would like to ask before
preparing an application, we invite you to attend a Question
and Answer session on June 6 from 3:30 until 5 p.m. at the
Boulder Creek Room of the Boulder Public Library (at 10th
and Arapahoe in Boulder).
We hope you are as excited about this effort as we are. We
look forward to hearing from you!
Sincerely,
Margaret
Katz
Development Officer
Note: The application package is also available in Adobe Portable Document Format (PDF), a more printer-friendly format. You must have Adobe Acrobat Reader installed on your computer to use this feature. You can download the free Adobe Acrobat Reader software here.