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For every $1 the state awards to private, not-for-profit colleges and universities through the HECap program, colleges must invest $3 of their own funds.

Since the program’s inception in 2005, the state has awarded $246.8 million in grants which private colleges and universities have matched with more than $800 million.

HECap is the only source of capital funding grants specifically designed for the needs of private higher education.

 

Source: Award totals source is Dormitory Authority of New York State (DASNY), data include projects funded between 2005 and 2018. Jobs created, supported/retained are estimated using award totals and CICU/CGR economic impact model. College or university matching amount calculated based on 3-to-1 match, actual match may be higher