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Private funds

Gifts and grants in the form of written pledges or cash from board members, staff, other individuals, foundations, and corporations.

Annual support

Private gifts contributed on a yearly basis to support an organization’s operating and program needs.

Challenge grant

Money pledged by Kresge which will be paid when grant conditions are met.

Challenge goal

The amount left to raise to complete your total campaign objective after a Kresge grant is awarded.

Challenge period

The period of time between a Kresge grant award and your fundraising end or challenge deadline.

Challenge deadline

The end of your fundraising timetable – the day by which you will have raised your goal and meet the first condition of the Foundation’s grant.

Long-term financing

Debt principal extending five years or more beyond your fundraising end date.

Backstopping

Formal use of specific alternative resources to cover anticipated government funds, planned gifts or long-term financing. These alternative resources often are organizational monies, which will be replaced once the expected funding is available. The availability of replacement funds for backstopping will be taken into account on a case by case basis and is not an absolute requirement for submitting a letter of intent.

Organizational funds

Funds your organization has committed toward the campaign goal. The following are not considered organizational funds: long-term financing, gifts, alumni donations, board donations, financing.

Integrated equipment systems or technology systems

Systems that are valued at $500,000 or more that are associated with the operation of your organization.