Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 34 - Education |
Subtitle B - Regulations of the Offices of the Department of Education |
Chapter VI - Office of Postsecondary Education, Department of Education |
Part 628 - Endowment Challenge Grant Program |
Subpart B - What Type of Grant Does the Secretary Award Under the Endowment Challenge Grant Program? |
§ 628.10 - What are the characteristics of an endowment challenge grant?
Latest version.
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§ 628.10 What are the characteristics of an endowment challenge grant?
Each 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.
[58 FR 11163, Feb. 23, 1993]