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Resources
Common Types of Grants
Listed below are of the most common types of grants made to nonprofit organizations and what they typically mean to the organization.
Capital or Capital Campaign
A capital grant provides support for the purchase of property, the construction of a facility, remodeling, expansion of a facility or purchase of equipment.
Operating or General Support
An operating grant provides support for the day-to-day costs of running the nonprofit organization.
Endowment
Some nonprofit organizations have an endowment fund, which is a permanent annual source of income for the operating or project expenses of the organization.
Unrestricted
An unrestricted grant allows nonprofits to use the funds to support the organization where most needed.
Project
A project grant supports a specific activity.
Seed
A seed grant helps to jump-start a new organization, a new project or launch a capital campaign.
Challenge or Matching
A challenge or matching grant helps a nonprofit organization leverage additional dollars through a fundraising campaign.
Pledge
A promise to pay. Community Foundations are prohibited by IRS regulations from fulfilling previously made pledges. If you are aware of a donor who is considering making a pledge to your organization from their fund at the Community Foundation, they must first recommend to the Community Foundation that we make a pledge to your organization from their fund. Once we receive the recommendation from our donor, and it has been approved by our Board, we then advise you in writing of the donor’s intent. If we are not notified ahead of time, we are prohibited from fulfilling the pledge.
Resources
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