Forever Nonprofit Endowment Challenge

A Special Program for Nonprofit Organizations in Palm Beach and Martin Counties 

The Community Foundation for Palm Beach and Martin Counties is excited to introduce a special opportunity to nonprofit organizations in Palm Beach and Martin Counties – the Forever Nonprofit Endowment Challenge.

The Forever Nonprofit Endowment Challenge will encourage up to fourteen 501(c)(3) organizations in Palm Beach and Martin Counties to establish a permanent endowment with the Community Foundation. The Community Foundation will invest $350,000 into this initiative from the John D. and Catherine T. MacArthur Fund, matching up to $25,000 per organization.

This Challenge grant piggybacks on the success of last year’s challenge from the Foundation, the Forever Arts and Culture Endowment Challenge. Last year’s challenge, exclusively for arts and culture organizations, awarded ten nonprofits with matching grants of $25,000 each to establish a permanent endowed fund at the Community Foundation. Read about last year’s success here and here.

The Community Foundation will administer the Forever Nonprofit Endowment Challenge. Organizations that demonstrate institutional readiness, financial stability, and fundraising maturity are encouraged to participate. The ten winners of last year’s arts and culture challenge grant and current nonprofit endowment fundholders at the Community Foundation will not be eligible.

Interested nonprofit organizations within Palm Beach and Martin counties are invited to submit a proposal to be considered for the challenge program. Organizations with commitment to building long-term sustainability through endowment building will be given priority. LOI proposal submissions will be accepted from September 6 – October 28, 2016. The Community Foundation will invite select candidates to submit full proposals between November 16 – December 21, 2016. Awards will be announced on January 13, 2017.

The following information sessions are opportunities for an agency’s Board of Directors and executive staff to learn more about how a nonprofit endowment fund at the Community Foundation operates as well as the proposal requirements.


Information Sessions:

Monday, August 29, 2016 from 4pm - 5:30pm
Community Room
Community Foundation for Palm Beach and Martin Counties
700 South Dixie Highway
West Palm Beach, FL
 

Tuesday, August 30, 2016 10am – 11:30am
Community Room
Martin County Children’s Services Council
101 SE Central Pkwy
Stuart, FL
 

Tuesday, August 30, 2016 5pm - 6:30pm
Community Room
Community Foundation for Palm Beach and Martin Counties
700 South Dixie Highway
West Palm Beach, FL
 

Wednesday, August 31, 2016 10am – 11:30am
Vegso Community Resource Center
261 NW 13th Street
Boca Raton, FL


Timeline

  • Letter of Inquiry Submissions Accepted - September 6 - October 28, 2016
  • CFPMBC Review of LOI - October 31 - November 11, 2016
  • Full Proposals Invitations - November 16, 2016
  • Proposals Due - December 21, 2016
  • Notifications of Approvals - January 13, 2017
  • Match to be Submitted - on or before June 15, 2017

More Information

To download the Forever Nonprofit Endowment Challenge information sheet, CLICK HERE

To read the press release about the Forever Nonprofit Endowment Challenge, CLICK HERE

To view the PowerPoint slides from the information sessions, CLICK HERE

To view the Investment Policy, CLICK HERE