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ActiveIllinois Board of Higher Education (IBHE) · 2026

Independent Colleges Capital Investment Grant Program

Quick Facts

Agency: Illinois Board of Higher Education (IBHE)
Funding: See official notice
Deadline: Check Source
Status: Active
Eligibility: Private, not-for-profit colleges and universities in Illinois; grant funds restricted to eligible capital projects as defined by program rules.
Grant Type: Equipment
Geographic Scope: State:IL

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✓ Direct apply link✓ Full solicitation PDF✓ Award amounts confirmed

About This Grant

Independent Colleges Capital Investment Grant Program is sponsored by Illinois Board of Higher Education (IBHE). This multi-year grant program provides private, not-for-profit colleges and universities in Illinois with financial assistance for capital projects. Funding is distributed based on a formula that considers Fall 2017 and Fall 2022 student enrollment numbers.

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Official Opportunity Details

Extracted from the official opportunity page/RFP to help you evaluate fit faster.

Independent Colleges Capital Investment Grant Program The Independent Colleges Capital Investment Grant Program has been created to provide private, not-for-profit colleges and universities in Illinois with financial assistance for capital projects as defined by applicable State of Illinois statutes and program rules.

This multi-year grant program will distribute funds to eligible institutions using a distribution formula and will be issued in two parts. The formula will provide each qualifying institution 1) a base grant based on the Fall 2017 student enrollment numbers as reported to IBHE and 2) an FTE grant based on the Fall 2022 student enrollment numbers as reported to IBHE.

Each institution must complete and submit all application materials to be considered for grant program. Funding under this program is only to be used for eligible capital projects as defined by program rules and statutes. Grant funds will be distributed as proceeds from Build Illinois Bond sales become available.

General program information and application information and forms are listed below.

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Eligibility Requirements

Private, not-for-profit colleges and universities in Illinois
grant funds restricted to eligible capital projects as defined by program rules.

Application Resources

View Full Solicitation Apply Now

Frequently Asked Questions

Who can apply for Independent Colleges Capital Investment Grant Program?

Based on current listing details, eligibility includes: Private, not-for-profit colleges and universities in Illinois; grant funds restricted to eligible capital projects as defined by program rules. Applicants should confirm final requirements in the official notice before submission.

What is the typical funding level for Independent Colleges Capital Investment Grant Program?

Current published award information indicates See official notice Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.

When is the deadline for Independent Colleges Capital Investment Grant Program?

The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.

How competitive is Independent Colleges Capital Investment Grant Program?

Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.

What documents are required for Independent Colleges Capital Investment Grant Program?

Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.

Can I use AI to write this grant proposal?

Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.

How long does the review process take for Independent Colleges Capital Investment Grant Program?

Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.

Is Independent Colleges Capital Investment Grant Program renewable?

Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.

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