Distribution of interest earned in 2022 from the 1994 endowment fund to the individual 1994 institutions

The U.S. Department of Agriculture's National Institute of Food and Agriculture (NIFA) awarded a $106,314.95 Formula Grant under the Tribal Colleges Endowment Program (CFDA 10.222) to Bay Mills Community College on August 9, 2023. This grant provides funding for the distribution of interest earned in 2022 from the 1994 Endowment Fund to the individual 1994 Land Grant Institutions, which include tribal colleges and universities. As a 1994 Land Grant Institution, Bay Mills Community College will use these funds to strengthen its teaching programs in food and agricultural sciences, providing educational opportunities and enhancing agricultural research, extension services, and community development initiatives to support food systems and tribal economic prosperity.

Title v part c of the improving americas schools act of 1994 public law 103-382 (october 20 1994) cited as "equity in educational land-grant status act of 1994" provides that certain tribal colleges designated as "1994 institutions" receive various benefits. These include contributions by the federal government to an endowment fund the interest income from which is distributed to the 1994 institutions.