Monday, August 25, 2008

Challenge Grant Program

The Kresge Foundation is broadening the reach of its Challenge Grant Program to better support nonprofit organizations that are working to address society’s pressing issues in six fields of interest: health, the environment, arts and culture, education, human services, and community development. This is being done in three ways first, the application process has been streamlined significantly in order to make the program more accessible to a larger and more diverse array of nonprofit organizations. Community colleges – for the first time in the foundation’s history – are eligible to apply for challenge grants. Nine values now serve as the centerpiece of our grantmaking. They have shifted their evaluation methods from focusing on an organization’s fundraising prowess to a holistic examination of the nature and impact of an organization’s work. All organizations applying for grants must have annual financial statements that have been prepared and certified by a certified public accountant.

For more information.