- Dec 2004/Jan 2005
- Vol. 5, No. 10
Challenge Grants for Building Projects
The Kresge Foundation offers challenge grants to support the construction or renovation of facilities, purchase of real estate, or purchase of major equipment or an integrated system. These "bricks and mortar" grants are made to tax-exempt, charitable organizations in a wide variety of fields such as human services, health care, higher education, and public affairs. Governmental agencies also are eligible to apply.
In reviewing proposals, the foundation emphasizes:
- Organizational considerations (e.g., financial stability, demand for services, effective leadership, quality programs and services)
- Project considerations (e.g., cost estimates)
- Fundraising considerations (e.g., campaign strategy, pledges)
Competitive proposals typically request grants ranging from one-fifth to one-third of the balance to be raised to complete the capital campaign. In dollars, this often ranges from $150,000 to $600,000. Applications are accepted year-round, with grants approved four times each year in March, June, September, and December.
Visit www.kresge.org for more information.