---
kind: "section"
citation: "34 C.F.R. § 628.10"
title: "34"
number: "628.10"
heading: "What are the characteristics of an endowment challenge grant?"
url: "https://uscodex.org/cfr/34/628.10"
---

# §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.**

## Notes

### Amendments

[58 FR 11163, Feb. 23, 1993]

### Authority

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

### Source

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

### Amendments

[58 FR 11163, Feb. 23, 1993]