About

Learn about Minnesota Higher Education Facilities Authority, including Featured News, Borrowers, and The Team.

Founded in
1971
Bonds Outstanding as of 6/30/2019
$983.6 million
Series of Bonds Outstanding as of 6/30/2019
234

About Minnesota Higher Education Facilities Authority

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.

Borrowers

Augsburg University

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

2018 Augsburg University Form 990 available in the Documents Section

View project
Bethel University

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

2018 Bethel University Form 990 available in the Documents Section

View project
Carleton College

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

2018 Carleton College Form 990 available in the Documents Section

View project
College of Saint Benedict

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

2017 College of Saint Benedict Form 990 available in the Documents Section

View project
View Borrowers

The Team

Barry W. Fick

Executive Director

(651) 296-4690

info@mnhefa.org

Read bio
Amanda G. Lee

Operations Manager

(651) 296-4690

info@mnhefa.org

Read bio
View Team