In the program guidelines, it says that a minimum of $1,000 in eligible cash donations from individuals must be received by an eligible organization over a three year period. What does this mean?
If an organization is unable to raise the minimum $1,000 required in their most recent 12-month fiscal period, the organization has the option to accumulate the $1,000 over a period of up to three years. For example, if an organization raised $500 in year 1, and $600 in year 2, the organization could apply in year 2 of the program using a total of $1,100. Two financial statements would be required to support these amounts. Another example would be an organization that raised $300 in year 1, $400 in year 2, and $500 in year 3. The organization could apply in the third year of the program using a total of $1,200.
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