Grantmaking public charityEIN 383011476
MIDWESTERN HIGHER EDUCATION COMPACT
MINNEAPOLIS, MN 55401
Total Assets
$18.2M
FY 2023
Annual Giving
—
FY 2023
Grants Made
0
FY 2023
Avg Grant
—
FY 2023
Grant Range
—
Typical
Deadlines
—
Applications
Programs & Activities
Program 1
$1.1MConvening:mhec empowers the member states to connect for the purpose of exchanging expertise, sharing ideas and experiences, and collaboratively pursuing efforts that help further higher education. This convening and collaborating leads to many programs and activities that produce a variety of outcomes and results ranging from the dissemination of knowledge and expertise about practical solutions, to leveraging the collective purchasing power of the region to achieve efficiencies and savings.
Program 2
$741KPrograms:additional mhec programs are initiated in response to identified needs in one or more of the member states. Bringing together expertise from across the region, mhec identifies activities needed to address the identified needs. Those problems best solved through ongoing interstate cooperation are then developed into mhec programs. Each mhec program provides the program participants with governance and leadership structures to guide and maintain programmatic outcomes.mhecare health insurance solutions:comprehensive health insurance solutions created in response to both increasing cost and concern for student health. 32 campuses offered mhecare health insurance solutions in fiscal year 2024.
Program 3
$429KContracts:mhec contracts leverage the potential volume of the region's purchasing power, while saving entities time and money by simplifying the procurement process and negating the need to conduct a competitive sourcing event. By offering a turnkey solution with the ability to tailor the already negotiated contract to match the entity's specific needs and requirements, mhec contracts shift some of the negotiating power back to the procuring entities. In addition to contracts available through mhecare student health solutions, mhec offers numerous contracts in technology. The contracts are a product of a representative group of stakeholders from the higher education technology community conducting a competitive sourcing process that leverages the potential purchasing power of the 12 mhec member states. Technology contracts saved entities in the mhec region $32.2 million in fiscal year 2024. In some cases, the compact's cost savings initiatives may be utilized by city, county, and state government as well as nonprofit organizations.
Focus Areas
Financial Snapshot
2023 filing
Total Revenue
$9.9M
Total Expenses
$4.5M
Top Recipients
6 grants
Grant Size Distribution
6 grants
Geographic Focus
6 states
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