Endowment Matching Funds definition
Endowment Matching Funds means Endowment Model scholarship funds raised by Grantee to satisfy the 1:1 match required by 8 CCR 1504-9 §2.04 to receive the Grant Funds. Endowment Matching Funds shall be endowed funds, as approved by the Board, that Grantee raises for the specific purpose of the 1:1 matching contribution requirement of a Matching Student Scholarship Grant and may include funds raised by Grantee for creation of a new endowment or additional contributions to an existing endowment.