Nonprofit Savings Account Challenge Grants

Nonprofit Savings Account Challenge Grants

Status: ACTIVE
Funder: South Dakota Community Foundation
Amount: Up to US $20,000
Last Updated: October 06, 2025

Summary

The Nonprofit Savings Account Challenge Grants, offered by the South Dakota Community Foundation, aim to strengthen local nonprofits by encouraging donations to new or existing endowment funds. For every $4 raised, organizations receive a $1 match, up to $20,000, incentivizing fundraising efforts. This initiative underscores the importance of consistent funding for nonprofits, ensuring their sustainability and impact within the community. Organizations must raise $80,000 within two years to fully qualify for the matching funds.

Overview

Our Story The South Dakota Community Foundation works to simplify philanthropy and help charitable donations do more good within our state. Like you, we want to improve South Dakota for generations to come. Our work takes two main forms: We help donors take advantage of tax benefits, manage their paperwork, and stay on top of legal details. We grow donor's charitable dollars through smart investments—so their donations can support good causes long-term. We manage over $630 million in assets for more than 1,050 endowed funds. We also provide grants and administrative support to nonprofit organizations and serve as a philanthropic resource for donors, advisors, and nonprofits throughout South Dakota. Nonprofit Savings Account Challenge Grants The South Dakota Community Foundation is committed to strengthening nonprofits in our state. We recognize the value of committed staff and volunteers and understand the importance of consistent funding to support critical work. We want to partner with donors in building endowment funds that will support nonprofits for years to come. How it works Successful recipients will use this challenge grant opportunity to solicit gifts for their new or existing permanent endowment fund at the SDCF. If the organization currently has an Agency Endowment fund with us, we will use the new dollars to start a designated companion fund to benefit the organization. Successful applicants will receive $1 from the SDCF for every $4 raised (1:4 match) - up to $20,000.To obligate the entire $20,000 challenge match, the organization must raise $80,000 in two years. Upon the completion of the grant period, the SDCF will add the matching dollars to the new fund.The fund balance is invested in perpetuity, and 4.5% of the average fair market value is available annually to support the organization's mission.Timeframe - 2 yearsMoney must be in account by deadline (no pledges accepted)Funds will be designated to benefit an IRS verified nonprofit in South Dakota

Eligibility

You can learn more about this opportunity by visiting the funder's website. This challenge grant opportunity is available only for existing or new SDCF fund partners who demonstrate the capacity to be successful in this endeavor. Successful applicants will receive $1 from the SDCF for every $4 raised (1:4 match) - up to $20,000.To obligate the entire $20,000 challenge match, the organization must raise $80,000 in two years.Upon the completion of the grant period, the SDCF will add the matching dollars to the new fund.Money must be in account by deadline (no pledges accepted).