Challenge Funds distributed

June 15, 2016

Eight out of the 11 public colleges and universities in North Dakota were recently awarded funding by the North Dakota Higher Education Challenge Grant Committee.

Bismarck State College, Dickinson State University, Lake Region State College, Mayville State University, North Dakota State College of Science, North Dakota State University, University of North Dakota, and Valley City State University received a total of more than $5.2 million in funding through a process set up by the N.D. Legislature in 2013.

State Board of Higher Education Chair Kathleen Neset said the funding was vital to the longevity of endowments and scholarship programs throughout the North Dakota University System’s campuses.

“The foresight of the N.D. Legislature’s actions three years ago has continued to pay dividends for our schools,” Neset said. “Thanks to this matching funding formula, fundraising efforts by each of our campuses is going to go a lot further once again.”

This is the sixth round of awards for the 15-17 biennium, which must meet needs within four categories: education infrastructure, endowed chairs, scholarships and technology.

The announcement brings the total awarded to over $14 million, out of more than $22.6 million set aside for this purpose by the legislature as matching funds. Under the grant process, the Challenge Fund Grant Review Committee awards one dollar in matching grants for every two dollars of non-state, non-federal funding raised by the institutional foundations.

The latest round of awards was as follows:

Bismarck State College: $75,086.13 for a scholarship endowment.

Dickinson State University: $303,080.83 for endowments and scholarships.

Lake Region State College: $1000,000 for endowments.

Mayville State University: $33,719.82 for scholarships.

North Dakota State College of Science: $45,000 for endowments and scholarships.

North Dakota State University: $3,459,862.82 for endowments, scholarships, and a student support initiative.

University of North Dakota: $432,700 for scholarship and faculty endowments.

Valley City State University: $750,656.33 for an endowed scholarship.

Earlier this year, Dickinson State University, Lake Region State College, Minot State University, North Dakota State College of Science, North Dakota State University, University of North Dakota and Williston State College received financial awards through the Challenge Fund. For more information, check out the previous grants story posted here.