What are the characteristics of an endowment challenge grant?
34 C.F.R. § 628.10
in effectEffective: 2024-07-01Each endowment challenge grant awarded by the Secretary under this part—
(a) Must be matched by the institution receiving the grant with one dollar of non-Federal funds for every two dollars of Federal grant funds;
(b) Must be invested by the institution; and
(c) Must have a duration of 20 years.
Source: eCFRURL: https://www.ecfr.gov/api/versioner/v1/full/2024-07-01/title-34.xmlFetched: 7/26/2026