What is a Nonprofit Matching Grant?

A matching grant is a type of funding provided by foundations and other donors to non-profit organizations. The grant is usually given in the form of a dollar-for-dollar match, meaning that the organization must raise a certain amount of money on its own before the grant will be awarded. For example, if a foundation offers a $10,000 matching grant, the organization would need to raise $10,000 from other sources before it could receive the full amount. Matching grants can be a great way to leverage limited resources and maximize the impact of donations. They also provide an incentive for organizations to engage in fundraising activities and build relationships with potential donors.