Illinois Board of Higher Education

The Illinois Board of Higher Education (IBHE) is a key player in the education industry, responsible for planning and coordinating the system of higher education in the United States. Founded in 1961, the IBHE plays a crucial role in analyzing the aims, needs, and requirements of Illinois higher education. It modifies policies guiding the state’s system of public and private colleges and universities. Additionally, the board oversees the approval of all new units of instruction, research, and public service, as well as new academic administrative units for public colleges and universities in the state. The IBHE has statutory responsibility to approve operating authority and degree-granting authority for certain independent and out-of-state institutions operating within Illinois. In 2012, the Board’s responsibilities were expanded to oversee private institutions offering courses of instruction. The last investment recorded is a $750.00K Grant investment on 29 February 2024, with the Lumina Foundation as the investor.

Overall, the IBHE plays a critical role in shaping the landscape of higher education in Illinois. Its responsibilities and oversight in both public and private education institutions make it a key player in the state's education system. The recent investment from the Lumina Foundation demonstrates external support for the board's initiatives and underlines its significance within the education space. As the education sector continues to evolve, the IBHE's role and influence are likely to remain important in the coming years.