Distribution of interest earned in 2023 from the 1994 endowment fund to the individual 1994 institutions

This $138,297.42 federal Formula Grant award was provided by the U.S. Department of Agriculture's National Institute of Food and Agriculture (NIFA) under the Tribal Colleges Endowment Program (CFDA 10.222). The grant funding will be distributed to Bay Mills Community College, a tribal college and 1994 Land Grant Institution located in Brimley, Michigan.

The purpose of the Tribal Colleges Endowment Program is to enhance educational opportunities at designated Land Grant Institutions serving Native American communities by strengthening their teaching programs in food and agricultural sciences. As a Formula Grant, the award distributes interest earned from a 1994-established endowment fund to support educational initiatives at minority-serving institutions like Bay Mills Community College. The college plans to utilize this funding to support curriculum development, faculty preparation, and instructional delivery systems in academic areas relevant to the Indigenous educational needs of the community.

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.