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where funds be raised or acquired from other sources following a stated matching factor, often 2:1, 3:1 or 4:1. For example, a $ 1,000 challenge grant with a 3:1 match would require the recipient to raise $ 3,000 before they would receive the $ 1,000 grant. The challenge could require a new solution
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refers to the actions or results that must be achieved before money is released and usually involves substantial effort, so that the recipients know that they are helping themselves through their own hard work and sacrifice.
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to an existing problem that had been ignored. There could be additional requirements specified that could be virtually anything, from program certification to member participation.
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138:"Knight Foundation: June 26, 2008- $ 5 Million Challenge Grant from Knight Foundation Helps Start Effort to End Homelessness in Columbia, SC"
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Wall Street
Journal website: September 24, 2010- Facebook's Mark Zuckerberg Talks to Oprah Winfrey About His $ 100 Million Donation
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Provide the maker the opportunity to garner positive publicity with a notably large funding amount they may avoid parting with.
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entity or educational institution (the grantee) upon completion of the challenge requirement(s). The
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Spotlight the recipient organization and provide an endorsement from a well-known entity.
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All-Business website: August 12, 2005-Leveraging a
Fundraiser Tool: Challenge Grants
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Enable the recipient to honor and reward the entity that issued the challenge grant.
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CNN website: September 19, 1997: Ted Turner donates $ 1 billion to 'U.N. causes'
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Help other donors feel that their money goes further.
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19:are funds disbursed by one party (the
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