BISMARCK, N.D. — State grants totaling more than $663,000 are being withheld from Dickinson State University due to financial problems with the independent foundation that supports the western North Dakota school.
The grants are part of the North Dakota Challenge Fund, which allocates $1 of state money to university foundations for every $2 in private donations that are raised.
The Dickinson State University Foundation was recently put into receivership after state officials found problems with the foundation’s financial records.
Lt. Gov. Drew Wrigley heads the committee that oversees the North Dakota Challenge Fund. Wrigley says the grant money is being held until the foundation’s finances are in order.
University System interim Chancellor Larry Skogen says he’s “absolutely certain” the foundation “will get financially back on track.”