The 2023–2024 CIC State Councils Scholarship Challenge Grant has been conditionally awarded to the following State Council organizations: Associated Colleges of Illinois, Arkansas Independent Colleges and Universities, Council of Independent Nebraska Colleges Foundation, Iowa College Foundation, Independent Colleges and Universities of New Jersey, Missouri Colleges Fund, Virginia Foundation for Independent Colleges, and West Virginia Independent Colleges and Universities in the total of $176,000.
CIC Scholarship Challenge Grants are requested in the amount of $10,000–$25,000, which must be matched through new cash gifts or grants raised specifically to meet the challenge. Scholarship recipients must be enrolled at four-year colleges and universities that offer liberal arts degree programs as second-year students or higher and receive the scholarship for use during the 2024–2025 academic year. The intent of this grant program is to provide a marketable matching gift incentive to raise current funds for financial aid. Another objective is to assist the State Councils in attracting new money and in broadening their donor base.