The majority of Gay & Lesbian Fund for Colorado grants contain a challenge component. We believe that a matching challenge can help nonprofits diversify their base of funding and introduce the organization to a wider array of donors.
For every dollar an organization raises up to an agreed amount, the Gay & Lesbian Fund matches that dollar. We only match new and increased donations made in response to the challenge component.
If offered a grant with a challenge component, we encourage you to use the various tools found on these pages to make the most of your grant.
What is a Challenge component?
Challenge components are capacity-building options intended to provide a nonprofit organization with a unique tool to leverage new and increased donations from current donors, and from potential new donors.
Goals of the Challenge component
A nonprofit organization’s long-term sustainability is dependent upon the ability to engage and cultivate an active and diverse support base. We want you to use the challenge component to encourage and energize donors.
The challenge component is a tool to help your organization’s staff and leadership mobilize additional donor resources to help build long-term sustainability.
How does it work?
Potential grantees are required to apply for a grant from the Gay & Lesbian Fund.
Once the grant is formally approved, grantees can begin raising money toward the challenge in accordance with the terms of the 12-month grant contract.
For every dollar an organization raises up to an agreed amount, the Gay & Lesbian Fund matches that dollar. We only match new and increased donations made in response to this matching challenge. We do not match dollars that have already been pledged, nor do we match contributions already received prior to the beginning of the grant term.
If you have questions, please review the resources on this page, including the Challenge Grant Toolkit, or contact us at grantsmanager@gayandlesbianfund.org.
