MADISON (WKOW) -- The YWCA of Madison received a $260,000 challenge grant from the Kresge Foundation. The full value of the grant does require that the YWCA raise an equal dollar amount in new gifts from individuals, foundation and business owners.
The grant funding comes as the YWCA Madison announced the public phase of its $1.8 million capital campaign. The capital campaign will pay for the extensive renovation project at the YWCA's 101 E. Mifflin Street housing facility. Funding for the $16.9 million renovation has come from a $9.5 million grant from the Wisconsin Housing and Economic Development Authority, the sale of federal and state historic tax credits, and public grant monies.
The Mifflin Street housing facility offers rooms and small apartments for low-income women and single mothers with one young child. One floor of the 12-story building is dedicated to sheltering homeless families. The YWCA offers a myriad of related services to help people gain financial independence and improve the quality of their lives. Services include housing, employment, transportation, parenting, and education.
The Kresge Foundation is a $2.8 billion private, national foundation that works to influence the quality of life for future generations by supporting nonprofit organizations in six fields of interest: health , the environment, community development, arts and culture, education and human services. The Kresge Foundation awards facilities capital as a challenge grant to help nonprofit organizations build their base of private financial support as they conduct capital campaigns to build or renovate their facilities. Grants are awarded to organizations that cater specifically to the poor, disadvantaged and disenfranchised.