Learn about Minnesota Higher Education Facilities Authority, including Featured News, Borrowers, and The Team.
The Minnesota Higher Education Facilities Authority (the “Authority”) was formed by the Minnesota Legislature in 1971. The purpose of the Authority is to assist Minnesota based institutions of higher education in the construction, financing and refinancing of capital projects. The legislation authorizing the Authority establishes and affirms that the Authority’s authorized power is an essential public function. The Authority is also authorized and empowered to do all things necessary or helpful to carry out its statutory purpose.
The Authority may have up to $1.3 billion of bonds or notes outstanding at any time. The Authority receives no state funding of any kind. It does not have any taxing power and does not receive any allocation of tax receipts from the state of Minnesota. Authority operations are funded 100% from fees charged to borrowers and investment earnings.
Mary Yang Thao, of Circle Pines, MN, has been appointed to the MN Higher Education Facilities Authority Board as the Board member who is a trustee, director, officer, or employee of an institution of higher education. The Governor’s Press Release is available here.
David Rowland, of Edina, MN, has been reappointed to the MN Higher Education Facilities Authority Board as the Board member having a favorable reputation for skill, knowledge, and experience in the field of state and municipal finance. The Governor’s Press Release is available here.
For Immediate Release: June 1, 2021
ST. PAUL, MN - The Minnesota Higher Education Facilities Authority (MHEFA) and Voom Creative are proud to announce that the MHEFA website, www.mnhefa.org, is a Hermes Award Gold Winner. The Hermes Creative Awards is an international award for creative professionals who bring the industry’s best ideas to life through traditional and digital platforms.
MHEFA and Voom Creative worked closely to design a comprehensive website, linking all areas of MHEFA operations into an integrated and fully featured experience. The website focuses on material for investors, information about the MHEFA’s borrowing process, and recent news/reports for the general public.
“This new website reflects the vison of the Authority, allowing us to grow our information resources, enhance service to our borrowers, as well as to other parties interested in our activity. In collaboration with Voom Creative, we are honored to receive this award,” said Barry W. Fick, Executive Director of MHEFA. “Being innovative with our online presence is a top priority and this reward reflects our efforts, especially as we celebrate our 50th Anniversary this year.”
“We are so proud to have helped the Authority bring this site to life in a creative way that met their objectives,” said Melissa McGath, Principal and Founder of Voom Creative in a press release. “This was a tremendously fun project, and we are honored to see it recognized.”
During MHEFA’s 33rd Annual Conference held on April 21, 2021, Voom Creative discussed the design and innovative process used to create the website with MHEFA. A detailed presentation and the entire recording of the conference can be found on the Authority’s website here.
For more information:
Barry W. Fick, Executive Director, MHEFA
(651) 296-4690
Augsburg University offers more than 50 undergraduate majors and 11 graduate degrees to nearly 3,400 students of diverse backgrounds at its campus in the vibrant center of the Twin Cities and a location in Rochester. Augsburg educates students to be informed citizens, thoughtful stewards, critical thinkers, and responsible leaders. An Augsburg education is defined by excellence in the liberal arts and professional studies, guided by the faith and values of the Lutheran church, and shaped by its urban and global settings.
2015 Augsburg College Financial Statement
2016 Augsburg College Financial Statement
2017 Augsburg College Financial Statement
2018 Augsburg University Financial Statement
2019 Augsburg University Financial Statement
2020 Augsburg University Financial Statement
2018 Augsburg University Form 990 available in the Documents Section
Bethel University is a leader in Christ-centered higher education with about 4,500 students from 47 states and 22 countries enrolled in undergraduate, graduate, seminary, and adult undergraduate programs. Based in St. Paul, Minnesota, Bethel offers bachelor’s and advanced degrees in more than 100 fields through classroom-based and online programs. The university equips graduates for excellence in leadership, scholarship, and service as they strive to live out biblical truth.
2015 Bethel University Financial Statement
2016 Bethel University Financial Statement
2017 Bethel University Financial Statement
2018 Bethel University Financial Statement
2019 Bethel University Financial Statement
2020 Bethel University Financial Statement
2018 Bethel University Form 990 available in the Documents Section
Founded in 1866, Carleton College is a private, coeducational liberal arts college of 2,000 students located in the historic river town of Northfield, Minnesota. Nationally recognized as the nation’s top college for undergraduate teaching, Carleton is known for its academic rigor, intellectual curiosity, and sense of humor. Carleton offers 33 majors and 37 minors in the arts, humanities, natural sciences, mathematics, and social sciences.
2015 Carleton College Financial Statement
2016 Carleton College Financial Statement
2017 Carleton College Financial Statement
2018 Carleton College Financial Statement
2019 Carleton College Financial Statement
2020 Carleton College Financial Statement
2018 Carleton College Form 990 available in the Documents Section
The mission of the College of Saint Benedict is to provide for women the best residential liberal arts education in the Catholic and Benedictine traditions. The College fosters integrated learning, exceptional leadership for change and wisdom for a lifetime. CSB is one of the top 100 liberal arts colleges in the country and ranked number one among liberal arts colleges for operating efficiency, as cited by U.S. News & World Report. We are a top-40 Fulbright producing school and the only Catholic, Benedictine college for women in the country.
2015 College of Saint Benedict Financial Statement
2016 College of Saint Benedict Financial Statement
2017 College of Saint Benedict Financial Statement
2018 College of Saint Benedict Financial Statement
2019 College of Saint Benedict Financial Statement
2020 College of Saint Benedict Financial Statement
2017 College of Saint Benedict Form 990 available in the Documents Section
