The Cultural Endowment Program aims to establish a matching funds endowment to support the operational resources of cultural organizations. The program has two main components: Cultural Sponsoring Organization (CSO) designation and State Matching Share (SMS). Organizations can apply for CSO designation at any time, which is necessary for eligibility for the SMS component. The SMS component offers $240,000 in state matching funds for organizations that meet the program’s criteria. The grant period for this opportunity is from July 1, 2026, through June 30, 2027. Applications for the CSO designation can be submitted at any time, but the deadline for SMS applications is June 2, 2025, at 5:00 PM ET.