Obert Undem Community Vitality Endowment Fund – a matching grant initiative designed to build non-profit capacity and sustainability through establishing or growing endowments at the Billings Community Foundation.
In recognition of over 40 years of advocacy on behalf of community foundation development, half of it in his home state of Montana, the Billings Community Foundation established “The Obert Undem Community Vitality Endowment Fund” in 2014. The fund celebrates Obert’s vision and tireless work on behalf of the Billings Community Foundation, the Montana Community Foundation, and his role as founding trustee and past president of the Arkansas Community Foundation.
This Endowment Challenge Grant is intended to honor and enhance Obert’s fine work by increasing or establishing the permanent endowments of regional non-profits, creating long-term stability and capturing locally-created wealth for future generations.
Grant recipients will have until the end of the year to raise matching funds to earn the grant on a 1:2 basis (Each dollar from BCF leverages two additional dollars. For instance, a $3,000 challenge grant would help leverage an additional $6,000, for a total of $9,000 in endowment growth.) The Endowment Challenge Grant and matching funds will be added to the non-profits existing Permanent Endowment fund held at the Billings Community Foundation, or used to establish a new one.
**$6,000 in matching funds must be secured by December 31st, 2021.
**Outright gifts of cash or stock, and Charitable Gift Annuities for the Montana Endowment Tax Credit will be accepted.