Nonprofit Savings Account… | South Dakota Community Foundation

Nonprofit Savings Account Challenge Grants

Creating a legacy for nonprofits in our state.

NSAs Developing Partnership. Building Assets.

SDCF is excited to announce the launch of our new online grant portal, GOapply. As we transition to this new system, we kindly ask for your patience and understanding as we adapt and work through any bugs in the new system. Thank you.  

Click here to view the GOapply User Guide.

The South Dakota Community Foundation is committed to strengthening nonprofits in our state. We recognize the value of committed staff and volunteers and understand the importance of consistent funding to support critical work. We want to partner with donors in building endowment funds that will support nonprofits for years to come.

How it works:

Successful recipients will use this challenge grant opportunity to solicit gifts for their new or existing permanent endowment fund at the SDCF. If the organization currently has an Agency Endowment fund with us, we will use the new dollars to start a designated companion fund to benefit the organization.

Successful applicants will receive $1 from the SDCF for every $4 raised (1:4 match) - up to $20,000.

To obligate the entire $20,000 challenge match, the organization must raise $80,000 in two years. Upon the completion of the grant period, the SDCF will add the matching dollars to the new fund.

The fund balance is invested in perpetuity, and 4.5% of the average fair market value is available annually to support the organization's mission.

Timeframe - 2 years

Money must be in account by deadline (no pledges accepted)

Funds will be designated to benefit an IRS verified nonprofit in South Dakota

Eligibility and How to Apply

This challenge grant opportunity is available only for existing or new SDCF fund partners who demonstrate the capacity to be successful in this endeavor. 
 

The application is online through GOapply. Applications for these grants will be accepted throughout the year.

Applicants will describe:

The work of the nonprofit, including service area and population.

The steps to make sure the challenge is met in the time provided.

Explain organization’s commitment to building endowed assets.

The organization's plan to build upon the endowment at the conclusion of the grant period

2024 Recipients

2023 Recipients

2022 Recipients

2021 Recipients

2020 Recipients

2019 Recipients

2018 Recipients

2017 Recipients

2016 Recipients

2015 Recipients

Let's connect. Questions?