628.1 What are the purposes of the Endowment Challenge Grant Program§ 628.1 What are the purposes of the Endowment Challenge Grant Program?
The Endowment Challenge Grant Program provides endowment challenge grants, which must be matched, to eligible institutions to -
(a) Establish or increase endowment challenge funds;
(b) Provide additional incentives to promote fund-raising activities; and
(c) Foster increased independence and self-sufficiency at those institutions.(Authority: 20 U.S.C. 1065) [49 FR 28521, July 21, 1984, as amended at 52 FR 11258, Apr. 8, 1987; 58 FR 11163, Feb. 23, 1993]