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How is the grant period for a challenge grant determined, and why is it important?

challenge period
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How is the grant period for a challenge grant determined, and why is it important?

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The grant period is important because all nonfederal donations must be given during the grant period in order to be counted toward the required match. The grant period begins five months before the application deadline, and it ends 63 months after the deadline. For example, the grant period for applications submitted by the May 2009 deadline begins December 1, 2008; the grant period ends July 31, 2014. HBCUs, Tribal Colleges, and two-year colleges have grant periods one year longer; a challenge grant held by one of these institutions would end July 31, 2015. Another exception to the regular grant period is made for applicants who, unsuccessful at one deadline, revise and resubmit their applications one year later. Such applicants may use the same starting date in the resubmission as in the original submission. This extension enables the applicant to keep faith with donors whose gifts have been solicited in anticipation of a challenge grant. (If the resubmitted application is not succes

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