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Illinois Board of Higher Education

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Grant Administration > Independent Colleges Capital Program


The Independent Colleges Capital Program (ICCAP) was created in 2009 as part of the Illinois Jobs Now! capital program.  ICCAP provides private not-for-profit colleges and universities in Illinois with financial assistance for capital projects (Public Act 96-37, Section 25).  This multi-year grant program uses a distribution formula based entirely on the fall 2008 student enrollment numbers.  The formula provides a base grant and an FTE (full-time equivalent) grant for each eligible institution.  Institutions must certify the eligibility of the institution, the determination of credit hours using the methodology provided, and the use of funds only for eligible Capital Projects.  Grant funds will be distributed as the proceeds of Build Illinois bond sales become available to the IBHE.

NEW!  The process and forms for the Minority Business Enterprise (MBE) / Female Business Enterprise (FBE) goals pursuant to the Business Enterprise for Minorities, Females, and Persons with Disabilities Act [30 ILCS 575] are available. See below for the section on Business Enterprise Program (BEP). 

Rules and Statutes
Award Announcements
FY2010 and FY2012 Applications
Quarterly Report

Submit any questions, comments, or requests to Thank you. 

Update (5/15/2017): Audits of the third distribution are due on or before October 28, 2017 (or 120 days from the end of the grant period) and may be submitted to IBHE prior to the end of the grant period (June 30, 2017). Grantees may submit anytime between May 15, 2017 and October 28, 2017.

After reviewing the quarterly reports submitted and grant awards vouchered there appears to be a negligible amount of funds available for re-distribution. In addition, the statute was amended midway through the grant period to extend the deadline. In 2014 the time frame was changed from 5 years to 10 years from date of appropriation (or until July 12, 2019) for grantees to access and utilize awarded amounts. Thus, any funds that are distributed but not expended on June 30, 2017 do not need to be re-distributed to other grantees with one exception. i.e., funds must be returned if the grantee is no longer eligible for the grant award.

The third distribution was $90 million with a grant period of July 1, 2012 to June 30, 2017.

Here is the table with the award amounts for the first, second, and third distributions, by grantee [PDF]

Here is the sample audit report for the Third Distribution [Word]

For Hebrew Theological College, John Marshall Law School, Midwestern University, and Shimer College this will be their second audit report to IBHE. All other grantees who received an award amount from the third distribution will be submitting their third audit.

Do not submit an audit for the fourth distribution since there are funds that will be refunded to IBHE, funds not yet distributed to the grantee, and funds un-expended by the grantee so a re-distribution of funds will occur.

Information on the history of the grant award distributions and tables with awards by grantee is available in the February 3, 2015 board agenda item. [pdf]

Business Enterprise Program (BEP)
Copyright 2012