Helping Grantees Find New Funding: Matching Grants
Some foundations offer matching or challenge grants to exiting grantees as a way to help them build their funding base. The CEO of a foundation in the Southwestern U.S. has used matching grants three times in recent years to help exiting grantees develop “a broader base of community support.” In each case, the campaign exceeded the fundraising target. A matching grant, he explained, allows an organization to say, “Look, we’ve received a grant from an important local foundation that challenges us to prove that we have broad support for this institution or project. We want to show them that we’re up to the task.”
Takeaways are critical, bite-sized resources either excerpted from our guides or written by Candid Learning for Funders using the guide's research data or themes post-publication. Attribution is given if the takeaway is a quotation.
This takeaway was derived from The Effective Exit.