A long tradition of charitable support by state businesses and foundations sustains Minnesota’s private colleges and universities and allows them to strive for quality far beyond what tuition revenue alone would allow. Last year, as part of that tradition, Minnesota’s businesses and foundations provided more than $31 million in gifts and grants directly to our member institutions or through the Minnesota Private College Fund.
About the Minnesota Private College Fund
Business leaders created the Minnesota Private College Fund in 1951. They were seeking a way to assist private colleges and support student access to a high-quality education. Since its inception 72 years ago, the Fund has raised more than $94 million. Every dollar raised goes directly to member institutions and their students, augmenting the funds that the colleges are able to raise. The Fund raises money for two purposes:
- General operating support pays for books, lab equipment, computers, utilities, maintenance and other core needs.
- Need-based scholarships help students from low- and middle-income families afford a quality college education.
Types of scholarships
Pooled scholarships: Sponsored by a collection of donors who contribute at varying levels to address emerging scholarship needs, these scholarships are awarded directly through campus financial aid offices.
Named scholarships: Donors interested in establishing a named scholarship make a minimum annual contribution of $17,000, with awards then being made to students at all of our member institutions.
Program scholarships: Donors support a program where students are competitively selected and engaged in the community through service projects, mentoring or participating in urban classrooms. Establishing a scholarship program requires a leadership gift to launch the program and pay for ongoing administration and evaluation. Two program scholarships make up the Fund’s Black Men’s Success Initiative.
Read a thank you message to our generous donors for their support and explore a list of its donors.
Provide scholarship support for students and general operating support to our colleges.
Read about students who benefited from scholarships administered by the Fund
Find out how employers benefit from our graduates.
Help provide our institutions additional resources to help address critical and essential needs.
Explore the leadership program created to help Black men succeed at our colleges and after graduation.
Explore those scholarships where funds are pooled together to impact more students.
Explore those scholarships that are established and named after specific donors.
Explore those scholarships that are awarded based on approved student projects.
Find answers to the most frequently asked questions about giving to the Fund.
Find out how to get into contact with the Fund to get your questions answered