What funds count after a Kresge grant is awarded?
Only the following funds may count toward your challenge goal: • Written pledges or cash from individuals, corporations, businesses and foundations (All pledges must be paid within five years from your fundraising end date.) • In-kind materials and services, including donated property (You may count gifts of land not involved in the project only when the land is sold or under purchase agreement.) • Cash surrender value of life insurance policies that your organization owns and is the beneficiary • Present value of formal deferred gifts (For a charitable lead trust, you may count the income from your campaign start date to five years from your fundraising end date.) • Government grants that are part of your campaign plan and do not represent a substantial portion of the challenge goal (A request with several pending government grants is not likely to receive a Kresge grant.
