|Grant Number||BG_X 2007_97|
|Organization||Association of Community Foundations in Bulgaria (ACFB)|
|Project Name||Time for Growth: Strategy for Bulgarian Community Foundations development|
|Amount Awarded||USD 57,000.00|
|Grant Period||April 01, 2008 - April 01, 2009|
The proposed project will enable the Community Foundations to test different approaches to different types of donors, to modify their endowment building strategies and make them more feasible in their local environments. The small operation cost grants that will be released by ACFB will enable the CFs to try different approaches and techniques for raising money for endowment. The matching grants will stimulate local donors to consider seriously the option of creating permanent funds at the community foundations. Some initial capital for endowment will be collected.