Operations

The Campaign

The Independent College Fund of Maryland conducts an annual fundraising campaign, which runs from January 1 — December 31 to provide a channel for the business and foundation communities to invest in Maryland’s private colleges and universities and their students. The I-Fund relies on a 44-member Board of Directors to assist with this effort.

The I-Fund offers multiple investment options: The Innovation Fund, The Maryland Pooled Scholarship Fund, Named and Targeted Scholarships and Special Programs are just a few.

Distribution of Funds

Unrestricted funds are distributed each year to member colleges and universities by a formula based on full-time enrollment. Funds available for Designated, Named and program scholarships are distributed according to scholarship, program or designation requirements.

Operating Revenue

Approximately 81% of The I-Fund's operating budget is funded by member colleges through an enrollment-based formula. Approximately 19% of operating costs are funded with a 10% administrative fee from the Urban Scholars, Health & and Life Sciences and National Security Scholarship programs. 100% of the contributions to the Innovation Fund and all scholarship funds go directly to students and colleges.

Legal Status

The I-Fund is an approved 501(c)(3) non-profit organization. Contributions are fully tax deductible.

National Affiliation

The Foundation for Independent Higher Education (FIHE) is a national organization dedicated to broadening financial support and understanding of independent higher education and its contributions to the nation. The Independent College Fund of Maryland is one of 35 similar state/regional associations affiliated with FIHE.