State grants totaling more than $663,000 are being withheld from Dickinson State University due to financial problems with the independent foundation that supports the western North Dakota school.
The grants are part of the North Dakota Challenge Fund, which allocates $1 of state money to university foundations for every $2 in private donations that are raised. Lt. Gov. Drew Wrigley, who heads the committee that oversees the fund, said the grant money would be held until the foundation's finances are in order.
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%0D%0AThe%20grants%20are%20part%20of%20the%20North%20Dakota%20Challenge%20Fund,%20which%20allocates%20$1%20of%20state%20money%20to%20university%20foundations%20for%20every%20$2%20in%20private%20donations%20that%20are%20raised.%20Lt.%20Gov.%20Drew%20Wrigley<%2Fa>,%20who%20heads%20the%20committee%20that%20oversees%20the%20fund,%20said%20the%20grant%20money%20would%20be%20held%20until%20the%20foundation's%20finances%20are%20in%20order.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Faggregatedcontent%2Fstate-withholds-grants-dickinson-state-university-foundation-problems%2F" target="_blank" class="email" data-post-id="13994" type="icon_link"> Email Email 0 Comments Comments