[Code of Federal Regulations]

[Title 34, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR628.1]



[Page 272-273]

 

                           TITLE 34--EDUCATION

 

 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION

 

PART 628_ENDOWMENT CHALLENGE GRANT PROGRAM--Table of Contents

 

                            Subpart A_General

 

Sec. 628.1  What are the purposes of the Endowment Challenge Grant 

Program?









                            Subpart A_General



Sec.

628.1 What are the purposes of the Endowment Challenge Grant Program?

628.2 Which institutions are eligible to apply for an endowment 

          challenge grant?

628.3 Under what conditions may an eligible institution designate a 

          foundation as the recipient of an endowment challenge grant?

628.4 What time limitations are placed on grantees applying for another 

          grant?

628.5 What regulations apply to the Endowment Challenge Grant Program?

628.6 What definitions apply to the 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?



   Subpart C_How Does an Eligible Institution Apply for an Endowment 

                            Challenge Grant?



628.20 What shall an applicant include in an application for an 

          endowment challenge grant?



  Subpart D_How Does the Secretary Award an Endowment Challenge Grant?



628.30 How does the Secretary evaluate an application for an endowment 

          challenge grant?

628.31 What selection criteria does the Secretary use in evaluating an 

          application for an endowment challenge grant?

628.32 What funding priorities does the Secretary use in evaluating an 

          application for an endowment challenge grant?



   Subpart E_What Conditions Must a Grantee Meet Under the Endowment 

                        Challenge Grant Program?



628.40 What are the restrictions on the amount of an endowment challenge 

          grant?

628.41 What are the obligations of an institution that the Secretary 

          selects to receive an endowment challenge grant?

628.42 What may a grantee not use to match an endowment challenge grant?

628.43 What investment standards shall a grantee follow?

628.44 When and for what purpose may a grantee use the endowment fund 

          corpus?

628.45 How much endowment fund income may a grantee use and for what 

          purposes?

628.46 How shall a grantee calculate the amount of endowment fund income 

          that it may withdraw and spend?

628.47 What shall a grantee record and report?

628.48 What happens if a grantee fails to administer the endowment 

          challenge grant in accordance with applicable regulations?



    Authority: 20 U.S.C. 1065, unless otherwise noted.



    Source: 49 FR 28521, July 21, 1984, unless otherwise noted.



[[Page 273]]







    The Endowment Challenge Grant Program provides endowment challenge 

grants, which must be matched, to eligible institutions to--

    (a) Establish or increase endowment challenge funds;

    (b) Provide additional incentives to promote fund-raising 

activities; and

    (c) Foster increased independence and self-sufficiency at those 

institutions.



(Authority: 20 U.S.C. 1065)



[49 FR 28521, July 21, 1984, as amended at 52 FR 11258, Apr. 8, 1987; 58 

FR 11163, Feb. 23, 1993]