Tribally Controlled Community College Endowments

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Program Accomplishments

Twenty-five Tribally Controlled Community Colleges received endowments grants in FY 2007.

Uses and Use Restrictions

Funds are to be used to establish endowments.

Interest earned on the invested funds may be used to defray expenditures associated with the operation of the College including maintenance, administration, academic and support costs, and community and student services programs.

No part of the net earnings of the trust fund may be used to benefit any private person.

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Eligibility Requirements

Applicant Eligibility

Colleges chartered by Federally Recognized Indian Tribes which are governed by an Indian board of directors, are in operation more than one year, admit students with a certificate of graduation from a secondary institution or equivalent, provide certificates, associate, baccalaureate and graduate degrees.

Beneficiary Eligibility

Indian students who are a member of or are at least a one-fourth degree Indian blood descendant of a member of an Indian tribe which is eligible for the special programs and services provided by the United States through the Bureau of Indian Affairs to Indians because of their status as Indians.

Credentials/Documentation

Approved status as a Tribally Controlled Community College.

Aplication and Award Process

Preapplication Coordination

This program is excluded from coverage under E.O.

12372.

Application Procedures

Colleges must complete an Endowment Fund agreement in accordance with 25 U.S.C. 1832(b).

Award Procedures

The headquarters office calculates the amount of the award and the grantee is notified by the Branch Chief of Post- Secondary Education.

Deadlines

Established by the Branch of Post-Secondary Education.

Authorization

Tribally Controlled College Assistance Act, Public Law 95-471, 25 U.S.C. 640c - 1(c); 25 U.S.C. 1815.

Range of Approval/Disapproval Time

None.

Appeals

An applicant who disputes the amount of the award may request an informal conference with the deciding official, or may appeal the denial of the application to the Interior Board of Indian Appeals. Full appeal procedures are found in 25 CFR Part 2.

Renewals

Colleges must file an annual application to receive continued funding.

Assistance Considerations

Formula and Matching Requirements

The Colleges must match an endowment grant with a capital contribution equal to half of the amount of the Federal contribution. Personal or real property received as a donation or gift may be applied toward the matching requirement.

Length and Time Phasing of Assistance

Awards are made on an annual basis.

Post Assistance Requirements

Reports

OMB 1076-0105, Annual Report.

Audits

For awards made under this program, grantees/contractors are responsible for obtaining audits. All nonfederal entities that expend $500,000 or more of Federal awards in a year ($300,000 for fiscal year ending on or before December 30, 2003) are required to obtain an annual audit in accordance with the Single Audit Act Amendments of 1996 (31 U.S.C. 7501 et. seq.) and OMB Circular A-133 Compliance Supplement and Government Auditing Standards. Nonfederal entities that expend less than $500,000 (for fiscal years ending after December 1, 2003) a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in OMB Circular A-133.

Records

Financial records must be retained for 3 years from the date of submission of the single audit report. Procurement records must be retained for 3 years from the date of final payment. Property records must be retained for 3 years from the date of disposition, replacement, or transfer. Records pertaining to any litigation, audit exceptions or claims must be retained until the dispute has been resolved.

Financial Information

Account Identification

14-2100-0-1-501.

Obigations

(Grants) FY 07 $109,000; FY 08 est. $107,000; and FY 09 est. $109,000.

Range and Average of Financial Assistance

$10,179 to $64,190; $46,849.

Regulations, Guidelines, and Literature

25 CFR Part 41.

Information Contacts

Regional or Local Office

See Education Line Officers' addresses in Catalog Appendix IV of the Catalog.

Headquarters Office

Office of Indian Education Programs, Bureau of Indian Affairs, MS 3609 MIB, 1849 C Street, N.W., Washington, DC 20240. Contact: Keith Neves. Telephone: (202) 208-3601. Use this same number for FTS.

Criteria for Selecting Proposals

Applicants meeting eligibility criteria are funded.