Skip to Content
Illinois Board of Higher Education

Officer Infomation & Search

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 (9/21/2015): ICCAP grantees have reported that the funds from the second distribution have been or will be expended prior to the end of the grant period (June 30, 2016). This means that no unexpended funds will be available for re-distribution at the end of this grant period. Therefore, the next program audit is due on or before October 28, 2016 (120 days after the end of the grant period).

Grantees who have reported expending the funds from the second distribution may now submit this audit to the IBHE. Do not submit audits for the third distribution and fourth distribution since there are unexpended grant funds and future re-distributions of funds may occur.

The second distribution was $75.0 million with a grant period of July 1, 2011 to June 30, 2016.

The link to a table with the award amounts for the first and second distributions, by grantee, is below:

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

The second distribution was the first time that the Business Enterprise Program (BEP) goals and plan were required prior to the release of funds. After consulting with the Capital Development Board, there will be no requirement to audit compliance with the BEP. The link to a sample audit report for the second distribution is below:

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. The link is below:
Business Enterprise Program (BEP)
Copyright 2012