American Indian College Fund - Annual Report - 2024-2025

ANNUAL REPORT 2024-2025

www.collegefund.org

Table of Contents Fulfilling Our Mission

1

Message From the President

2-3

How We Help Native Scholars

4-5

Where Our Students Study

6-7

Our Sacred Future: TCU Graduates

8-9

Our Sacred Work: TCU Programs

10-11

Our Founders' Vision: The Tribal College Learning Model

12-13

Our Sacred Teachers: Faculty Fellows

14

Bequests

15

College Fund Donors

16-22

College Fund Leadership

23

Audited Financial Information

24

OUR MISSION The American Indian College Fund invests in Native students and tribal college education to transform lives and communities.

FULFILLING OUR MISSION: HOW YOUR DONATIONS ARE USED 4% Management and General

5%

Public Education

19%

Fundraising

72%

Scholarships and Programs

Our Accountability to You The American Indian College Fund is committed to excellence. Our charity watchdog ratings reflect our commitment to integrity and transparency while serving our students and the tribal colleges and universities. Our allies can support us with the highest confidence.

•

Four-star Charity Navigator, the highest possible rating.

•

“The Best in America Seal of Excellence” from Independent Charities of America, a designation given to fewer than 2,000 of one million charities in America.

•

Member of The Better Business Bureau Wise Giving Alliance (one of America’s Top 100 Charities).

•

Candid (Guidestar) Platinum Seal of Transparency.

MESSAGE FROM THE PRESIDENT Scan the QR code to read Cheryl Crazy Bull’s bio.

Every day, I am reminded just how vital the American Indian College Fund’s work is for Native students seeking higher education—especially now with so much changing around us. Federal policies have dismantled programs and services that matter deeply to our students, leaving many anxious and uncertain about their future.

Our students and their lives are particularly important to me. I grew up on the Rosebud Reservation in South Dakota and my path in life and my family’s story is woven into the legacy of tribal colleges and universities (TCUs). My father went to college on the GI Bill and enjoyed a professional career that provided for his family. He and my mother shared their value of education’s pivotal role in our lives and communities with me and my siblings. After I earned my college degree, I joined the tribal college movement—as a teacher, a college president, and now as President and CEO of the American Indian College Fund. Other family members have also been shaped by TCUs. My sister was a master teacher and TCU alumna; my grandchildren attend TCUs. Like so many Native families, a higher education has given us purpose, stability, and the opportunity to serve our communities.

This is why the mission at the College Fund is personal to me: we invest in Native students and tribal college education because we know it transforms lives and entire communities. Last year alone, we provided over $23 million

in support to students and $15.2 million in support to programs and services that benefit our scholars at tribal colleges and universities (TCUs).

But financial help for students to attend college is only part of the solution for our communities. We must also lift up the voices and stories of Native students and the affordable, culturally based TCUs they attend, so their contributions—intellectual, economic, and cultural—are truly seen and valued.

When we invest in Native scholars and their colleges, we help individuals; strengthen rural and Native communities; and benefit every taxpayer. For every dollar invested in TCUs, the return is remarkable. In the last fiscal year alone, TCUs generated $3.8 billion in economic growth for our country and supported over 40,000 jobs for both Native and nonNative graduates.

What touches me the most is that 93% of College Fund scholars stay in their communities after graduation to serve their communities. More than 75% of TCU graduates use

"We must also lift up the voices and stories of Native students and the affordable, culturally based TCUs they attend, so their contributions— intellectual, economic, and cultural—are truly seen and valued."

— Cheryl Crazy Bull

2

their degrees to fill critical roles in healthcare, business, law enforcement, and the sciences. Salish Kootenai College’s nursing program in Montana comes to mind.

Their graduates are helping address a severe shortage of healthcare workers in their state.

TCUs aren’t just institutions of education, they heal. They revitalize Native cultures and languages, create safe and nurturing environments for students of all backgrounds, and keep education affordable for students in remote areas.

Whether a student is pursuing a certificate program for a skilled trade or a doctorate degree, TCUs open doors that might otherwise remain closed.

I am always moved by stories in our communities. For example, the late Dr. Charles “Monty” Roessel saw a young homeless family at a gas station on the Navajo reservation and invited them to live and study at Diné College. That simple act changed their lives overnight—giving them safety, nourishment, and hope for a better future.

together, but with funding cuts and education being devalued, the fight for higher education access and opportunity is more urgent than ever.

I invite you to join our advocacy efforts at collegefund. org/advocacy to support Native students’ access to higher education and programs that promote academic success; advocate for ensuring the support for TCUs; and help every student pursue their dreams.

Together, we’re making a difference to thousands of Native scholars—one student, one family, one community at a time.

President and CEO, American Indian College Fund Cheryl Crazy Bull is a member of the Sicangu Lakota Nation from Rosebud, South Dakota, and is the President and CEO of the American Indian College Fund.

Thanks to your support and the College Fund’s commitment, higher education has had a powerful impact on Native students and their communities. We have come so far

HOW WE FULFILL OUR MISSION NATIVE STUDENT SCHOLARSHIPS NATIVE STUDENT PROGRAMS Leadership, Internships, Coaching, and more

TRIBAL COLLEGE AND UNIVERSITY PROGRAMS

Teacher Education, High School Equivalency Programs, Computer Science Education, Faculty Programs

TRIBAL COLLEGE AND UNIVERSITY INFRASTRUCTURE SUPPPORT

Our students and the tribal colleges they attend change lives, their communities, and economies.

OVER

93%

of College Fund scholars use their degrees to give back to their communities 3

HOW WE HELP NATIVE SCHOLARS OUR IMPACT SINCE 1989* Total Amount of Scholarship Support

$208,000,000

Total Number of Scholarships Awarded

182,000

Total Number of Scholars Served

150,600

Total Amount of Non-Scholarship Support (Internships and Other Programs)

$13,000,000

*Since 1989 figures based on best available historical data.

4

OUR IMPACT IN 2024-25 Total Amount of Scholarship Support

$22,200,000 Total Number of Scholarships Awarded

10,100 Total Number of Scholars Served

6,900 Total Amount of Non-Scholarship Support (Internships and Other Programs)

$1,000,000 Total Graduate Scholars

Total First-Year Scholars

400

2,500

TOP FOUR MAJORS OF OUR SCHOLARS

1 Business 2 Nursing

3 Psychology 4 Early Childhood Education 5

Tribal Colleges and Universities

32c

32

32b

32f 32a 32e

In 2024-2025, scholars attended tribal colleges and universities on 34 main campuses and 45 satellite and branch campuses and instructional sites.

WHERE OUR

12

WA

11

17

16

14a

32d

14

OR

15

9 10

ND

27 25

13

26a

23

24

MT

31

25a 25b

ID

Alaska 1

26

29d

29j

29c 29h

29a

SD

30a

29 29f 29i 29e 29b 29g 30

WY

Ilisaġvik College, Utqiaġvik*

29k

30b 19b

18

Arizona 2

NE

NV

2a Aneth, Utah

Crownpoint, New Mexico

2c

Newcomb, New Mexico

UT

CA

CO

21c

2e Tuba City 2f

Window Rock

3

Tohono O’odham Community College, Sells

4 KS

2a

2d Shiprock, New Mexico

2 2e

21d 2f

21a

2d

21b

2c 2b

21

AZ

3a Milepost 115.5, Sells

3b

3b Phoenix 3c San Carlos

20

19a

22

OK

NM

3c

3a

3

Kansas Haskell Indian Nations University, Lawrence*

HI

TX

1

Michigan 5

Bay Mills Community College, Brimley*

AK

5a P etoskey 6 7

Keweenaw Bay Ojibwa Community College, L'Anse Saginaw Chippewa Tribal College, Mount Pleasant

Minnesota 8

Leech Lake Tribal College, Cass Lake

9

Red Lake Nation College, Red Lake

9a Red Lake Nation College, Minneapolis 10

hite Earth Tribal and Community W College, Mahnomen

Montana 11

Aaniiih Nakoda College, Harlem*

12

Blackfeet Community College, Browning*

13

Chief Dull Knife College, Lame Deer

14

Fort Peck Community College, Poplar

14a Wolf Point 15

Little Big Horn College, Crow Agency

16

Salish Kootenai College, Pablo**

17

Stone Child College, Box Elder*

Nebraska 18

Little Priest Tribal College, Winnebago

19

Nebraska Indian Community College, Macy*

19a Pawnee, Oklahoma

22

Southwestern Indian Polytechnic Institute, Albuquerque

North Dakota

19b Santee

23

Cankdeska Cikana Community College, Ft. Totten

19c S outh Sioux City

24

Nueta Hidatsa Sahnish College, New Town*

25

Sitting Bull College, Ft. Yates**

New Mexico 20

Institute of American Indian Arts, Santa Fe**

21

Navajo Technical University, Crownpoint***

21a Chinle, Arizona 21b Kirtland 21c Teec Nos Pos, Arizona 21d Zuni, Arizona

25a McLaughlin, South Dakota

25b Mobridge, South Dakota 26

T urtle Mountain College, Belcourt**

26a Belcourt 27

United Tribes Technical College, Bismarck*

Oklahoma 28

6

19

Diné College, Tsaile**

2b

4

19c

College of the Muscogee Nation, Okmulgee

28

STUDENTS STUDY

Traditional Colleges and Universities ME

8 6

34c

MN

5 MI

34b

34 34a

VT

5a

33

9a

WI

33a

7

NH MA

NY

CT

MI

RI

PA

IA

NJ IL

MD

OH

IN

DC

WV MO

DE

VA

KY NC TN

SC

AR

MS

AL

GA

LA

FL

South Dakota 29

Oglala Lakota College, Kyle**

32

29a Allen

32b Kingston

29c E agle Butte

32c La Conner

29d M anderson

32d L apwai, Idaho

29e Martin

32e Olympia

29f O glala

32f T ulalip

29g P ine Ridge 29h P iya Wiconi

Wisconsin

29i Porcupine

33

29j Rapid City

33a Green Bay

29k Wanblee

34

30a Lower Brule 30b Marty

31

Sisseton Wahpeton College, Sisseton*

Missouri

Alaska

Montana

Arizona

Nebraska

Arkansas

Nevada

California

New Hampshire

Colorado

New Jersey

Connecticut

New Mexico

District of Columbia

New York

Florida

North Carolina

Georgia

North Dakota

Hawaii

Ohio

Idaho

Oklahoma

Illinois

Oregon

Indiana

Pennsylvania

Iowa

Rhode Island

Kansas

South Carolina

Kentucky

South Dakota

Louisiana

Tennessee

Maine

Texas

Maryland

Utah

Massachusetts

Virginia

Michigan

Washington

Minnesota

Wisconsin

Mississippi

Wyoming

orthwest Indian College, Bellingham* N

29b B atesland

Sinte Gleska University, Antelope**

Alabama

Washington 32a Auburn

30

In 2024-2025, the American Indian College Fund also supported 5,345 scholars attending non-tribal colleges and universities in the following 47 states and the District of Columbia.

TCUs TCU satellite campuses or instructional sites.

Our scholars attended TCUs and mainstream colleges in these states.

College of Menominee Nation, Keshena*

L ac Courte Oreilles Ojibwe University, Hayward**

34a Bayfield 34b Lac du Flambeau 34c Odanah

* 21 TCUs offering bachelor’s degrees. ** 9 TCUs offering bachelor’s and master’s degrees. *** 1 TCU offering bachelor's, master's, and doctorate degrees.

All TCUs listed offer certificate and associate degrees.

All TCUs are land grant institutions.

7

OUR SACRED FUTURE: TCU GRADUATES Jasmine (Menominee Indian Tribe of Wisconsin) is making her mark in the tribal college movement. She credits her undergraduate experience at the College of Menominee Nation (CMN) for preparing her for success at the elite law school at the University of Michigan, where she’s pursuing a dual degree in law and environmental justice. “The growth mindset I developed in undergrad had shown me that the knowledge I fought the hardest for is the knowledge that I most cherish,” Jasmine shares.

After leaving mainstream education due to financial hardship, Jasmine enrolled at CMN and found a physical, intellectual, and spiritual home. She immersed herself in the community, helping students in need during the pandemic. There she deepened her understanding of Menominee cultural tradition, including old-growth forestry and the importance of relationships.

At CMN, Jasmine gained access to cutting-edge technology and learned to thrive in competitive settings. Yet, her most powerful takeaways were pride and confidence in her identity as a Native person. She challenges mainstream academia’s tendency to treat Indigenous knowledge as relics, showing instead through science and law that Native cultures are vibrant and essential for our future.

In every space she enters— even if she’s the only Native person — Jasmine knows she belongs. “I am part of a flourishing community that shows its love for the Indian Country of tomorrow by putting in the work today.”

Michael (direct descendent of Turtle Mountain Band of Chippewa Indians) is a powerful example of how mentorship can shape futures. At Turtle Mountain College (TMC), he earned his first degrees and met people who believed in him. Today, Michael is pursuing his doctorate in business administration at the University of Mary—soon to become the program’s first Native graduate. “It’s a big deal to know I’m the first one and there are people following along behind me,” he shares.

Returning to TMC as a professor, Michael not only inspires students like his mentors did, but he also gets to witness his two oldest daughters, Aaliyah and Gracelyn (Turtle Mountain Band of Chippewa Indians) pursue degrees in cybersecurity and biology respectively at TMC. “It starts at Turtle Mountain and moves out from there,” he says.

Aaliyah, having watched her father step up for their community, is following in his footsteps at TMC. She has set her sight on earning her doctorate degree and being a role model for other Native women in cybersecurity.

Michael with his family.

8

As both a student and teacher, Michael believes in the power of community and shared purpose. TMC gave him the foundation to uplift others. “If we live for the next generation,” he says, “we will see successes that no one expects from Indigenous people.”

Joseph (Tohono O’odham Nation) grew up feeling disconnected from his tribal nation—not knowing the language, the stories, or even how to pronounce his tribe’s name. That changed when he earned an associate degree in liberal arts from Tohono O’odham Community College (TOCC), where culture and Indigenous knowledge is embedded in every aspect of the learning experience. Joseph credits his teachers for nurturing his confidence in his identity as a Native American.

Now pursuing a bachelor’s degree in English at Arizona State University, Joseph often finds he is the only Native student in class. Despite feeling isolated, he draws strength from the continued support of his TOCC mentors and sees this new environment as an opportunity to grow.

Through his internship at the Gila River Indian Newspaper and his coursework, Joseph uses his writing to educate others about Native issues. With the foundation of a TCU education, he understands how vital it is for Native values and knowledge to be reflected in academic spaces. Working towards a journalism career, Joseph hopes to bridge gaps and connect communities through storytelling.

“Storytelling is a part of who we are as Native people,” Joseph shares — and it was TOCC that taught him the power of his own voice and identity.

Ashley (Big Valley Band of Pomo Indians) knows that success begins with knowing you belong. Salish Kootenai College (SKC) wasn’t just where she earned her Bachelor of Science in Nursing — it was where she discovered that education and culture are inseparable. Indigenous knowledge was woven into every class, deepening her sense of identity. “The community made me who I am today,” Ashley shares. “I carry that belief in myself everywhere I go.”

Now pursuing a Doctor in Nursing Practice – Family Nursing Practitioner degree at University of California Davis, Ashley is committed to ensuring Native people are represented at every level of healthcare. While SKC prepared her academically, transitioning to a mainstream university has been challenging — especially the lack of understanding about Native histories and presence among non-Natives.

Drawing strength from her tribal college experience, Ashley is working with UC Davis to create more culturally centered resources and spaces for Native healthcare students.

Seeing the faculty and scholars at SKC showed her what’s possible and inspired her to dream bigger.

Ashley plans to serve her community as a nurse practitioner and continue to advocate for stronger partnerships between mainstream universities and tribal colleges and communities. “We need more of our people in healthcare,” she says, “and I want to be part of that change.”

9

OUR SACRED WORK: TCU PROGRAMS Ihduwiyayapi: Advancing Indigenous Early Childhood Education (IECE) Early childhood education is a path to later education success, particularly when it is rooted in community. This program strengthens TCU early childhood education capacity rooted in Native values by nurturing learning through Indigenous languages, stories, and traditions. The program is expanding to 14 TCUs and will support thousands more students, children, and their families.

Wounspekiya Unspewicakiyapi Native Nunpa Teacher Education To bring more Native voices and perspectives to classrooms, we are building teacher education capacity at eight TCUs. The initiative supports K-12 Native teacher recruitment, development, and retention to uplift the next generation of educators.

High School Equivalency Native learners at every stage of their education are supported through culturally informed high school equivalency pathways at TCUs. Sinte Gleska University’s mobile classroom, launched in June 2025, brings tutoring and testing to rural communities and correctional facilities—where the first GED graduate was recently celebrated.

10

Indigenous Visionaries: Women’s Leadership Fellowship Over nine months, Native women faculty and staff at TCUs are empowered with leadership training, mentorship, and cultural learning. Fellows engage in convenings and lead community-based projects in subjects like Native arts, environmental stewardship, and education to foster connection, collaboration, and confidence.

Naabaahii Ółta’í: Native Student Veterans Peer-to-Peer The program supports Native student veterans through peer mentorship and cultural reconnection. A convening at College of Muscogee Nation featured alumni and veteran speakers to foster healing, pride in service, and community among the Native veteran fellows navigating higher education.

Computer Science Initiative This initiative expands computer science education across TCUs with faculty development, student engagement, internships, and tribally specific, place-based programs.

Six TCUs received funding in 2024-25, and the Institute of American Indian Arts launched its new computer science program, offering certificates, associate, and bachelor's degrees in fall of 2025.

Environmental Stewardship Tiyata Wan Unkagapi (We Are Making a Home) By building capacity in environmental science and natural resource programs at TCUs in the Northern Great Plains, this program integrates Indigenous knowledge into environmental education curriculum.

It offers fellowships, community-based programs, and internships. The goal is educating the next generation of scientists and stewards for their tribal lands.

11

OUR FOUNDERS' VISION: THE TRIBAL COLLEGE LEARNING MODEL Paving Pathways to Success: The TCU Developing Research in Undergraduate Mathematics (DRUM) Circles Project Math is a critical subject that has intimidated many students for generations. Yet the struggle to understand makes success that much sweeter and paves the way for both personal and communal growth. Mathematics literally make the world go round in terms of the physics that explains the Earth’s rotation. Just imagine what could be achieved if more students were eager to study and work in mathematical fields. That is exactly what WestEd is doing.

WestEd and the American Indian College Fund partnered to launch the TCU Developing Research in Undergraduate Mathematics (DRUM) Circles Project. TCU DRUM Circles empowers mathematics faculty at tribal colleges and universities to conduct research and raise student and community awareness of innovative practices in developmental mathematics and math pathways.

Rather than depending on a one-size-fits-all algebra sequence, math pathways such as statistics, quantitative reasoning, STEM, and business are designed to broaden the options and paths for students to align math with their program of study, interest, or future goals.

The research conducted by fellows will contribute to mathematics education practices at all TCUs and inform the undergraduate mathematics field at large.

TCU DRUM Circles empowers mathematics faculty at tribal colleges and universities to conduct research.

It also raises student and community awareness of innovative practices in developmental mathematics and math pathways.

12

The project supports four TCU Research Fellows: 1. Daniel Luecke (Choctaw Nation of Oklahoma), Turtle Mountain College 2. Heather Bleecker, Salish Kootenai College 3. Jeffrey Jones, Red Lake Nation College 4. Karen Colbert, Keweenaw Bay Ojibwa Community College Each fellow will contribute to building knowledge and shared learning within the community of practice, attend conferences to raise awareness of mathematics research at TCUs, learn about innovations in the field, and conduct research. Research will be published in a special issue of the Tribal College and University Research Journal in fall 2026. TCU DRUM Circles will also publish reports to offer current and potential TCU faculty and students greater understanding of the mathematics field landscape and promising practices at TCUs.

TCU RESEARCH FELLOWS Daniel Luecke

1

(Choctaw Nation of Oklahoma) Turtle Mountain College Daniel is exploring the challenges and opportunities to developing and implementing Indigenous math/ STEM education, including a review of the courses he previously created, to help others build programs.

Heather Bleecker Salish Kootenai College

Heather is exploring the possibility of creating a certificate-based developmental math course that equips students with the foundational skills and confidence to enter any college math course(s) required for their degree.

2

Jeffrey Jones

Red Lake Nation College

3

Jeffrey is exploring how math games help students form their math identities and whether this has an impact on their cultural identity.

Karen Colbert

Keweenaw Bay Ojibwa Community College Karen is researching how to ensure artificial intelligence technology can help strengthen and preserve human agency in communities and classrooms.

4 13

OUR SACRED TEACHERS: FACULTY FELLOWS Karen Colbert Claims Space for Native Culture and Knowledge in Artificial Intelligence and Education with New Book Artificial Intelligence (AI) often replicates the inequities, systems, and values of the people who build and train it.

Just ask Karen Colbert, whose new book, The Algorithm Wasn’t Built for Us: Reclaiming the Future of AI, Education, and Culture, offers a roadmap to educators, leaders, and communities hoping to use these tools to create more inclusive futures. Colbert is the General Education Department Chair and Lead Math Faculty at Keweenaw Bay Ojibwa Community College. She also gives keynote talks and hosts professional development workshops around AI and cyberinfrastructure.

Her book, Colbert says, is equal parts personal story, practical guide, and call to action based upon her lived experiences, doctoral dissertation research, and work at tribal colleges and universities (TCUs). During her Ph.D. studies in computational science and engineering, she focused on institutional change and data storytelling as tools for equity in higher education. Based upon her observation of how TCU faculty and students navigated challenges with AI, Colbert recognized a gap in the literature on the topic. No one was discussing who the evolving technology was or was not being built for.

Colbert’s book became a way for her to merge scholarship, advocacy, and storytelling into something accessible and useful. She has already shared insights from it at the Minority Serving Cyberinfrastructure Consortium Annual Meeting and the American Indian College Fund’s Faculty Convening. Colbert is currently building companion workbooks and digital toolkits to help faculty and administrators put the book’s ideas into practice as she continues to bring it to campuses across the country.

Her long-term strategy is to ensure that every TCU and underserved institution has access to strategies, tools, and training that allow them to thrive in the AI era, not just survive it.

“The biggest takeaway is this: AI is not neutral. It reflects the systems, values, and blind spots of the people who build and train it. But that doesn’t mean communities have to remain powerless. My hope is that readers walk away both challenged and empowered to see AI differently, to ask better questions, and to design practices in education and beyond that are rooted in cultural values, equity, and human dignity.”

" AI is not neutral. It reflects the

systems, values, and blind spots of the people who build and train it. ” - Karen Colbert

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BEQUESTS The following supporters have left lasting legacies through their estate plans. Their generosity ensures that American Indian and Alaska Native students will have the opportunity to pursue their dreams of a higher education and career.

Norman Altman Anonymous Frederick H. Bear Jefferson M. Bishop Patricia J. Black Leslie Bornstein Diana C. Boyle Michael P. Brownsey Marthur B. Bumgardner Nancy M. Buss Janis Carter Patricia Cravens Barbara Cutts Joan Blieve Dayton Delancey Charitable Trust Lynn Eikenbary Joan Eliasoph James Kyle Elliott Victor Gepner Janet Gorski Hazel Hale Joanna C. Harris Roger J. Holzman Janice Horn Jacqueline Kienzle Doris D. Kobe John Gerard Kovac

Claire Levine Mary Ann Lewis Trust Patricia E. Mautner Marita Jo Maxey Warren Mccullough John F. McDiarmid Terrance McGuirk Evelyn Melnicki Ivana Noell Juanita L. Nofflet Mary K. Nuebel Virginia Olesen William H. Parker Perry C. Peine

Mary Peterson Irene Rita Pierce Hanna F. Pitkin Elbert E. Proctor Estate of Henry D. Navas & Deborah L. Robbins Duane Rose Ronald J. Ryan Iris C. Staudenmaier Irene Stone Gerard A. Swick Lucille Tatreau Mary L. Taylor Roberta A. Travis Virginia Weinstock John Newhall Wilson Ronald C. Wilson Patricia A. Yingst Harold Austin York, Jr.

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AMERICAN INDIAN COLLEGE FUND SUPPORTERS The following generous individuals, corporations, and foundations have helped support Native higher education through their gifts to the American Indian College Fund. $1,000,000+ Anonymous Lilly Endowment, Inc. Margaret A. Cargill Philanthropies Pechanga Band of Indians United Health Foundation Liesl and Jeff Wilke

$500,000 - $999,999 The Andrew W. Mellon Foundation Anonymous donation administered

by Angeion Group LLC Anonymous in memory of Melvin R. Seiden Heising-Simons Foundation Steve Kessel and Sibyl Kessel-Frankenburg

$100,000 - $499,999 Anonymous (4) Arizona Public Service Bank of America Charitable Foundation Bill and Melinda Gates Foundation Bill and Paula Clapp CoBank Coca-Cola Foundation Comic Relief Inc. Costco Wholesale Dollar General Literacy Foundation Earl and Anna Broady Foundation Earth and Humanity Foundation Crystal Echohawk Erich Vetter Family Trust FedEx Corporation Fidelity Charitable Gift Fund Ford Foundation The Henry Luce Foundation, Inc. The Indigenous Peoples Education Fund 16

A star (

Jeannette Rankin Foundation Katharine Scallan Scholarship Trust Chris and Melody Malachowsky Marathon Petroleum Corporation Navas-Robbins Charitable Remainder Unitrust Northern Trust Charitable Giving Program Paul M. Angell Family Foundation The Peierls Foundation, Inc. Pendleton Woolen Mills Reboot Representation Roberta A. di Novi Trust Solon E. Summerfield Foundation, Inc. The Spencer Foundation Synchrony Target Corporation W. K. Kellogg Foundation Walmart Foundation The Walt Disney Company The Weissman Family Foundation, Inc. Mr. Paul W. Wyman

$50,000 - $99,999 ABLC Oper CFC Anonymous (7) Argosy Foundation Association on American Indian Affairs Kimberly S. Blanchard Myrna Burdick C.H. Robinson Joseph and Teresa Canfora Christopher & Lee Casegrillo Ann Clark and Charles Kirkpatrick Clayton and Odessa Lang Ofstad Foundation Kristine B. Crandall Aart de Geus and Esther John Diane Ingalls Revocable Trust

Everi Payments Inc. Ford Motor Company Fund & Community Services Michelle D. Fuller Dr. Aaron Garnett Betty & Bob Geltz Robert and Jane Harper The Home Depot Cindy Houston JCDRP Family Foundation Kathryn B. McQuade Foundation Amy Kaufman Marjorie L. Keely Joe and Sonya Landholm Ben and Jacqueline Linder The M.L.E. Foundation, Inc. Maxwell-Hanrahan Foundation Nicholas Nicholas Foundation Inc Open Horizon Rachel Albright Rowena Pecchenino Roni Horn Foundation Schwab Charitable Fund Suggs Family Foundation Thomas C. and Lois L. Sando Foundation Kenneth J. Tilp US Bank Yocha Dehe Community Fund

$25,000 - $49,999 1st Tribal Lending Adolph Coors Foundation Alvin I. & Peggy S. Brown Family Charitable Foundation Anonymous (8) Bank of America Charitable Gift Fund Brokaw Family Foundation Darrell and Celeste Burnett Katherine Cameron and

) by the donor’s name indicates this donor has created a pathway to Native student success through a multi-year commitment.

Richard Vaccaro Community First Foundation Community Foundation for Monterey County CVS Health Barbara M. Davis Dennis and Phyllis Washington Foundation Jerry and Nancy Duncan Joe & Monica Eastin on behalf of the Eastin Foundation Sigrid Elenga and C. Stephen Smyth Entergy Corporation James and Sally Gavin Give Lively Foundation Inc. Goldman Sachs Philanthropy Fund Guidewire Software Services Arthur and Joannie Hensley Mary L. Hey Hjalmar S. Sundin Irrevocable Trust Hope Church of the Brethren Harold L. Horstmann Hugh and Jane Ferguson Foundation Irene Rita Pierce Charitable Lead Annuity Trust John K. Howie & Janice L. Howie Foundation Johnson Foundation of the Rockies Joseph and Sophia Abeles Foundation, Inc. Jill D. Kirshner Kohl's L. P. Brown Foundation Macy's Meta Lilienthal Scholarship Fund B. Robert Meyer and Terri Edersheim MGM Resorts International Laurie Michaels Jeanne Parus and Charles Leadholm Ms. Gretchen Pfuetze Michael and Linda Purvis Moore, Amergent Division Renaissance Charitable Foundation, Inc Ms. Deborah F. Robbins Rosalie J. Coe Weir Foundation Tia Rosengarten Pamela and Krishna Sawhney A flame (

Seminole Tribe of Florida Caroline Shine Richard Strachan Vanguard Charitable Endowment Program Virginia W. Hill Charitable Foundation Vladimir Jones David and Joan Wenger Philip O. Wheatley Luke Whitesell and Catherine McLellan

$10,000 - $24,999 A Jackson Neighbor Foundation Samuel E. Allen Mark and Allison Allyn Ms. Ellen G. Al-Sarraf Amaturo Family Foundation, Inc. Eugenia and David Ames Anonymous (27) The Armstrong Foundation Thomas and Carol Asprey Association of Gaming Equipment Manufacturers (AGEM) Astis Ayco Charitable Foundation Henrietta Barnes and David Bor Helen and Dianne M. Batzkall Allan Bazzoli, M.D. Karen M. Beck Ben Plucknett Charitable Trust Henry and Rhoda Bernstein Eleonor Bindman and Eli Gottesdiener Mark and Deborah Blackman Rosanne and Tom Bloomer Suzanne M. Born Lorraine M. Bosche Marilyn W. Bottjer Denise Boudiette and Edmund Giegerich Patricia and Robert Bowden Brad Lemons Foundation Ms. JoAnna Bratt Mary Braunagel-Brown and Sterling Brown Richard and Elizabeth Burns

Susan O. Bush Elizabeth and Fred Butler Ann and Ronert Buxbaum, In Memory of Julie Talayumptewa CAA Foundation Robert and Jane Callaway Ms. Patricia Calvy Rosamond J. Campbell Catherine Caneau Carol C. Johnson Charitable Foundation Alan and Janan Carter Chord Energy Catherine Christovich Randolph and Aya Clark Columbus Foundation Lowell T. Cook Cynthia Hillman Jeffery and Anne Dalke

) by the donor’s name indicates this donor is a confirmed member of our Circle of Vision Society and has included the American Indian College Fund in their estate plans.

17

Darby Foundation The Defense Against Thought Control Foundation, Inc. Jean Del Vecchio Nicoletti and Bruna DePaul The DeVlieg Foundation Janet A. Dickerson Mr. Warren Dinsmore Doris Antun Revocable Trust Bob Dougan Diana Dundore Mr. Robin J. Dunitz Bernadine J. Duran Barbara Eckstein Edward & Verna Gerbic Family Foundation Gayle Embrey Alice Ericsson Ernst & Young Foundation Matching Gifts Program Michael Feiss and Cathy Cole Roxane Montgomery Fletcher Adrienne and Norman Fogle Joe Foy, Jr. Barbara J. Francisco Susan Friedenberg Friedlander Family Fund John Fries Sandra and R. Neil Fuller Gabelli Funds Susan Goldhor Beverly H. Goodman M.D. Ms. Margaret G. Gralenski Henrietta J. Greatrex Ms. Maryann Guernsey Karen and Surendra Gupta Orville and Susan Hall Page S. Hammond Hartford Foundation for Public Giving David and Mia Hartley Helen Roberti Charitable Trust Joel and Helena Hiltner Teke and Joey Hoffman Houston Family Foundation John and Mabelle Hueston Daniel Hui Impact Assets 18

A star (

In Memory of Anthony A. Welmas Isa-Maria and David Shoolman Family Foundation J. I. Foundation Stephen and Karen Jackson The Jana Foundation, Inc. Jane Smith Turner Foundation Tibi McCann and Eric Jensen Jeremy and Michelle Lang Mike and Ann Johnson Roger and Jeanne Johnson Donald and Jacqueline Jones The Joyce Foundation Mr. Eric Kaldor Sandra Kaldor Carmel and Richard Kail Ms. Gail Kasparian Kathleen and Gerald Finken Harpreet Kaur Sandra and C.P. Kayse Mr. Howard R. Kehrl Barbara G. Kelly Bill and Ildiko Knott Neil Kreitman Patrick Kulesa Ms. Roberta G. Kurtz James and Lisa Ladd Ms. Martha Lane Barbara and Donald Larson Monica and John Lavery Ingrid Leblanc Maurice LeBlanc, Jr. Ms. Anne Lebowitz Leibowitz and Greenway Family Charitable Foundation The Leonard Slaman Trust David and Dana Lewis Greg and Betty Linvill Lubert Family Foundation Inc Mabel Y. Hughes Charitable Trust Stewart Macaulay Maine Community Foundation Marigold Project Marin Community Foundation Wilbert L. Mathews, Hollis Stella Williams Fund Egan P. Maynard

Brian and Anne Mazar Mr. Robert F. McLean Fara and John McMullen Ms. Doyleen McMurtry JB McNeil McVay Foundation Gina Mello Dr. Gretchen Metzenberg Microsoft Giving Campaign The Middle Passage Foundation Sonia and D. James Miller Marjorie A. Mlodzik Nancy G. Moore Barbara and Michael Morey Morgan Stanley Foundation Morgan Stanley Gift Fund Anthony and Susan Morris Bob and Deborah Moskovitz The Nathan P. Jacobs Foundation Native American Agriculture Fast Track Fund (NAAFTF) Mr. Peter S. Newell NNN Properties LLC and Jacqueline Bernius Julie A. Noolan Noom Foundation Mary Olowin Sandra K. Orange Harry Ostrer and Elizabeth Marks Bill and Anne Parker The Paul and Edith Babson Foundation Paypal Giving Fund Annamarie Pennucci Warren and Ellavina Perkins Peter and Dorothy Lapp Foundation Geoffrey F. Peters Stephen and Marilyn Pizer Katherine A. Porter Mr. Randall T. Potthoff Katharine Preston and John Bingham Ana Maria and Norberto Priú Ralph Lauren Corporation Susan Ramsdell RBC Foundation USA Richard Rice and Joanne Charbonneau Diane Richards

) by the donor’s name indicates this donor has created a pathway to Native student success through a multi-year commitment.

Maria and Arthur Richmond Laurie A. Riebeling Ms. Jane Robinson Thomas Rock and Melissa Raphan Paul D. Ross, Jr. Rothschild Family Charitable Foundation Rundgren Foundation Joyce B. Ryan Elizabeth Sandager Mr. Cory David Sauer Ernest Seevers and Mary Perkins Rondi and C. Garth Shelhamer Dr. Barbara Janoff Silverstein Siragusa Family Foundation John and Catherine Smith Mary Ellen Smith and Nancy Hannah Joan and Steve Smith Dr. Bruce W. Spring Judith and Jerry Stone Robert L. Strauss Susan S. Lloyd Revocable Trust Jerry and Kathy Swank Synergy Direct Marketing Solutions Mr. Michael Taron Martha G. Taylor George and Susan Then Carolyn Thomson The Tierney Family Foundation Inc. Ms. Ama J. Torrance The Tortoise and Snap Fund Richard and Elizabeth Treitel William C. Trimble, Jr. Thomas and Nancy Trump Ms. Sandra L. Tucker Gene R. Ulrich Rosa Lee Black Votteri Walter and Ursula Eberspacher Foundation Delores Barr Weaver Dov N. Weitman Peter Welles Bryan and Christine White Whitney Family Charitable Fund Priscilla Bernard Wieden Will J. Reid Foundation William and Sheila Konar Foundation A flame (

Grant T. Williams Phillip A. Wright in honor of Helen Wright and Marlene LaClair J. Peter Young Karen A. Yust Patricia H. Zalaznik Mr. Sean Zarate C. Nick and Yonok Zeller Mr. Albert L. Zhou

$5,000 - $9,999 Nancy and R. Neil Adams Alermar Foundation, Inc. Mr. Victor Allen Josephine and Robert Aller Mr. Daniel Almaraz Marjane E. Ambler Robert and Susan Ambler American Endowment Foundation Mr. Richard Anderson Dr. Melissa Crider Andrea Carol and John Andrews Anglo-American Charitable Foundation Anonymous (30) Mr. Eugene Apalatea Apple Matching Gifts Program Arizona Community Foundation The Bagne Family Foundation David R. Bargainnier, D.O. Nancy L. Barthelmess George and Linda Bauer Kenneth E. Baughman The Beane Family Foundation Jason W. Bear Allan and Barbara Beattie Mrs. June E. Beaver Richard J. Beers Michelle and Richard Bellows Paul Belo George C. Benz Dr. Rosemary R. Berardi Emily P. Berg Sharon L. Bergmann Gary and Helen Bergren Mary Berube Louis Binetti Family Mr. Tom Boasberg

Carol and Wayne Boehme David and Barbara Boerner Ms. Eleanor D. Bookwalter Ms. Katharine C. Booth Walter C. Boothe The Boston Foundation William J. Brand Ms. Winifred Breines Ms. Debbie Brown E. Maxine and Fred Bruhns Nola and Neil Burkhard Stephen and Joanne Burns Jean D. Busboso Bush Foundation The Bush Family Bruna P. Brylawski The Byrnes-Alvarado Family Ms. Janel Anderberg Callon Cristina Campbell Terry G. Capps Marilyn Z. Carpenter Constance Caroll - In Memory of Dr. Raymond Caroll, AHTNA Native Village of Kluti-Kaah Jane Carstairs Caruthers Family Foundation Anthony R. Cashmore Barbara and Hugh Cassidy Ms. Diana Castro Caterpillar Foundation Benjamin and Pat Chapman Dave and Barbara Chase Ms. Sharon Chen Mr. Robert Chiang Gary and Janet Christenson Mr. Wayne Christenson Roy Curtiss and Josephine Clark-Curtiss Catherine Clemens and Daniel Speth Harvey and Naomi Cohen Ms. June Cohen Linda L. Colgan J. David and Claudia Cope Ms. Ann Copp Cora Taylor Younger Smith Memorial Fund Jane and James Corkery Mr. Ronald L. Cutadean

) by the donor’s name indicates this donor is a confirmed member of our Circle of Vision Society and has included the American Indian College Fund in their estate plans.

19

Daedalus Foundation, Inc. G. Brian and Helen Daly Julie Tebo and Paul Danes Luke B. Davenport David L. Tandy Foundation Nancy B. Davis Robert M. Davis Ms. Judith Ellen Deal Ms. Patricia J. DeCrappeo Ms. Margaret W. Delaney Deloitte LLP Mr. Wyatt Dernbach Dwight Devon John and Pamela Dicola Lionel and Debra D'Luna Mark Dodel Kathleen Donovan and Raymond Daly John G. Doolen Peter Durst and Ellen Seale Mr. Robert Dutton Ms. Mary Kaye Edwards El Paso Community Foundation Joseph M. Elko Richard Ellis Wendy Ellison - "Be True to One Another" Carl and Julie Falk Judith Ferster Marilyn R. Fischer Mr. James J. Fitzgerald Betty Foster George and Barbara Freeman Mrs. H. Allan Fulton Mr. Gale G. Gant John and Carole Garand Katharine Garstka Cameron Geddes Gerald and Cheryl Joyce Gerald B. Shreiber Foundation Ms. Rosemary Gladden John C. Goetz Esq. Google Matching Gifts Program Ms. Amy Gould Mr. Kalathur Govindarajan Ms. Cynthia A. Grandin Barrett Guthrie Richard C. Habakuk, D.D.S. 20

A star (

David and Mary Harbeitner Mr. John Harding Christopher F. Harris Donald and Ruth Harvey Denise and Scott Hasday Mr. Blake Hastings Mr. Lee Hathaway Harry and Lynne Haverkos Dr. Donna M. Hawxhurst Jim and Kathy Haymaker Judith Hegg Theodore and Carol Hegg Ms. Susan E. Heiderer Helen J. and Thomas N. Urban Charitable Foundation Mr. Floyd Henry Margaret A. Hershberger Mr. Thomas Hinkle Donna L. Hirst Ms. Barbara A. Hodel Susan and Jim Hofman David H. Hofstad Robert and Wendy Hogan Ms. Ann G. Horowitz Wendy and John Hoskins Mark L. Houghton Ms. Madeleine C. Houston Mr. Dana Doug Howard Ashley Hubka and John Wolfe Mr. George Hunt Samuel D. Huntington Illinois Tool Works Foundation Indigo Girls, Inc. James Giglio Foundation Karen Jenné Jewish Federation of Northeastern New York John and Marion Brinkman Memorial Fund Ms. Jean Brown Johnson Francesca G. Jordan Judy Jordan Janet M. Junge Ms. Rebecca Kamen John and Martha Kapeghian Edward and Irene Kaplan Elizabeth Lotterhos and Vicki K. Karnes

Anastasios Kasiolas Katherine and Gordon Keane Karen Kehoe David Keller and Julie Meyers Claire J. Keyes Mr. David L. Kirp KLM Foundation Gail Jones Koehn of the Robert K. & A. Joyce Jones Foundation Russell Kohnken and Christine Collins Fred Korn Edgar and Kathleen Koschmann William Krueger and Diane Kay Kulp Family Charitable Foundation Ms. Blanche Kushner John B. Lane Ph.D. Bruce Larson - In Memory Of Katherine Larson Ira Leibowitz George H. Leon, Jr. The Levy Foundation Dorothy Lewis and Paul Overbeek Erika C. Lewis Ms. Judith C. Lichenstein Dr. Cynthia A. Lindquist Dean and Rebecca Linsenmeyer Lucia and Ben Logan Shannon Lorenzo-Rivero Ms. Martha Lovenheim Ms. Laura Lucas Mr. Bertil Lundqvist Holly and James Lunsford Vijay and Arlene Macwan Ms. Virginia L. Maher Mr. Eric Mahr Ann and John Malooly Dr. Spero M. Manson Howard Marks Marni and Morris Propp II Family Foundation Ms. Marcia Marshall Ms. Nancy Marshall Mr. Kenneth Matzick Adele M. Mayer E. Carol Mayes Stephen and Carolyn McCandless Robert R. McCrae

) by the donor’s name indicates this donor has created a pathway to Native student success through a multi-year commitment.

Scott D. McDonald Jack McGowan Donald A. McInnis Alexander McKiernan and Chloe Diegel Ms. Roxanne McKool Michelle McNamara Daniel J. McNaughton, Ph.D. McNeely Foundation Discretionary Gift Fund Jill and William Merke Ms. Eleanor Metcalf John and Thekla Metz Ron and Nancy Metz James D. and Martha S. Meyer In honor of Dr Frank Myers of White Rocks, Utah Maurice F. Meysenburg Margaret A. Michalowski Ms. Vivian Miller Mr. Louis Monti Charleen B. Moore Charlotte and John Mulvihill Mr. Joel B. Myklebust Stephen R. Nagy Mr. Ambroggio Di Nardo National Philanthropic Trust Neall Family Charitable Foundation Mr. Charles E. Nearburg Hart and Anne Nelsen Mr. and Mrs. J. Thomas Nelson Ms. Marilyn L. Nelson Philip and Joyce Nelson Barbara Crisp and Mark Nemschoff Marianne E. Nick David L. Norman Kristine Nowak and Paul Dirado Janet Oetinger William and Stephanie O' Grady Carol-Ann and Alan Olson Mr. Darryl Olson John and Marsha Onufrak Lida Orzeck M. Oyama Mr. Stephen P. Pacheco Frank Palmer Lynne and Archie Palmer Richard E. Parker A flame (

Mr. Richard E. Patterson George and Cheryl Patton Ami Schiess-Peay and Andy Peay Tadd and Caroline Perkins James Petri and Christie Owens Philadelphia Cricket Club Mr. Peter P. Phipps Phoebe R. and John D. Lewis Foundation Diego Piacentini and Monica Nicoli Ms. Ethel M. Pillman Ellen Posel and Stephen Gockley C.E. and Jaqueline Probst Debbie M. Purnel Mr. Robert Quance William and Dorothy Radcliffe Mr. Richard R. Rammer Julie A. Rand Janet L. Rash Elizabeth S. Ray Ms. Elizabeth S. Ray Ray C. McKinley Family Foundation Raytheon Matching Gifts for Education Program Monique Regard and Frederick Duffy Joy and William Reich Hilary and Steven Reis Amy Ridgley - In Memory Of B. Marlene Ridgley Pauline Rippel Jennifer and David Risher Tony Rivellini Margaret R. de Rivera RKM Family Trust Roberts Family Foundation Diane M. Robins Mr. John Roemer Debra Rosen and Steven Metzger Mark E. Rowell Robert S. Ruggero, M.D. Philip and Elizabeth Samuels Jack and Lindsey Sayers E. Nick and Karen Schmit Ellen M. Schnepel, Ph.D. Ms. Caroline Schnieders Gary and Leah Schoolnik Ernest and Trink Schurian

Dr. Michelle P. Scott Linda A. Scott Dr. Narinder N. Sehgal Jeffrey Sellon and Marilyn Burns Glenn Shaikun Ian Hinchliffe and Marjorie Shapiro Sheila, Dave and Sherry Gold Foundation Dr. Steven Sherwin Ms. Anne R. Shumway Sidney Stern Memorial Trust Ms. Martha Aitchison Siegel Siena Private Wealth Jerome L. Silbergeld Ira and Sharon Silverman Ms. Linda J. Sloan Ann C. Smith Bruce E. Smith PE Jerry J. Smith Mr. John S. Solters David Sonstegard Carla Soracco Jerome Sovich and Fwu-Ding Lin Judson W. Spalding Suzanne L. Spangler Richard and Jill Spitz Dr. Nammalwar Sriranganathan Ms. Bonnie M. Stafford Diana Stark Sally A. Stein Robert T. Stephen Lynn Stern and Jeremy Lang Carolyn and Wayne Stewart John and Pamela Stransky The Strong-Cuevas Foundation, Inc. Constance and Kevin Sutton Barbara K. Sweet Kassie Tadsen David O. Tanner Dalton Tarwater Alexander and Lura Teass Carol Teutsch Christine B. Thomas Sgt. 1st Class George M. Thomas, USA, Ret. Robert K. Tucker, Ph.D. Allen F. Turcke M.D.

) by the donor’s name indicates this donor is a confirmed member of our Circle of Vision Society and has included the American Indian College Fund in their estate plans.

21

Antonius Van Haagen and Laishyang Ouyong Nancy J. Vang Mary C. Veitch Winona Vivian Wagging Tail Fund Stephen Waldman Mary and Matt Waller Barbara G. Washburn Ms. Sharon L. Waterous Webber Investment Co., Inc. Thomas Wedell and Theresa Walker-Wedell Wege Foundation Douglas and Judith Weinstock Robert Weissman

22

Linden and Judith Welch Ms. Katherine Welch Lucille S. Werlinich William White Dan and Elizabeth Whittemore Beverly and David Wickstrom Sharon L. Wilford William E. Little, Jr. William G. Christensen Living Trust John Williams Mark and Janis Wilson Ms. Mary Christina Wilson Winky Foundation D. Susan Wisely Naomi W. Wolf Lindy Delf and Anthony Wolk

Field and Susan Workum Andrew Wyatt Julian and Stacy Yochum Gareth C. Yokochi, M.D. Mr. Stephen Zaudke Stephen Zaudke Charitable Trust Rudolf H. Ziesenhenne Ruth J. Zowader

A star ( ) by the donor’s name indicates this donor has created a pathway to Native student success through a multi-year commitment.

A flame ( ) by the donor’s name indicates this donor is a confirmed member of our Circle of Vision Society and has included the American Indian College Fund in their estate plans.

LEADERSHIP 2024-25 Governing Board of Trustees Chair Leander “Russ” McDonald President, United Tribes Technical College

First Vice Chair Twyla Baker President, Nueta Hidatsa Sahnish College

Second Vice Chair Duane Bedell

Resource Development Chair Ashley Hubka

Member At Large Bill Parker

President, Bay Mills Community College

Senior Vice President & General Manager, Walmart

Retired

Board Members Kathy Baird

Dawson Her Many Horses

Brenda Toineeta Pipestem

Chief Communications Officer, The Washington Post

Senior Vice President, Wells Fargo Middle Market Banking

Of Counsel, Pipestem Law

Nicole Bellefeuille

Dan King

Monte Randall

Vice President, BlackRock

President, Red Lake Nation College

President, College of the Muscogee Nation

Sean Chandler

Holly Lunsford

President, Aaniiih Nakoda College

Vice President, Customer Finance The Coca-Cola Company

The Late Charles “Monty” Roessel

President, Chief Dull Knife College

Michael Oltrogge

Meredi Vaughan CEO, Vladimir Jones

Dawn Frank

President, Nebraska Indian Community College

President, Diné College

Eva Flying

President, Oglala Lakota College

Non-Governing Emeritus Trustees Kimberly Blanchard

Gail Bruce

Anne Sward Hansen

Ramscale Studio Spring (annual) meeting elections are held to elect or re-elect Trustees to a three-year term. Trustees are eligible to serve up to three consecutive three-year terms (nine years total). The College Fund’s Nominating and Governance Committee of the Board of Trustees oversees the annual election process. In accordance with our bylaws. Forty-nine percent of Trustees are from the private sector and 51% are tribal college and university presidents.

23

AUDITED FINANCIAL INFORMATION 2024-25 FISCAL YEAR

Total

Revenue, Support, and Gains Contributions

$ 59,870,948

Contributed public service announcements

1,155,248

Net investment return

14,913,929

Other revenue

68,731

Gross special events revenue

357,866

Less cost of direct benefits to donors

( 496,845)

Net special events revenue (loss)

(138,979)

Total revenue, support, and gains

75,869,877

Expenses and Losses Program services expense Scholarships and grants

45,611,705

Public education

3 ,229,034

Total program expenses 48,840,739 Supporting services expense Administrative

2 ,505,066

Donor development

12,160,606

Total supporting services expenses 14,665,672 Loss on uncollectable promises to give Total expenses and losses

24

42,300 63,548,711

Change in Net Assets

12,321,166

Net Assets, Beginning of Year

198,872,388

Net Assets, End of Year

$ 211,193,554

In many cultures, Indigenous people believe their ancestors guide them from the stars. This annual report is dedicated to the work of our sacred ancestors throughout the generations. They provided the value of educating Native people for leadership for the next seven generations and they continue to guide us from above.

American Indian College Fund Leadership Cheryl Crazy Bull (Sicangu Lakota) President and CEO

Tammy Miller Carlson, CPA Chief Financial and Operations Officer

NancyJo Houk Chief Marketing and Development Officer

David Sanders (Oglala Lakota), Ph.D. Vice President, Research, Evaluation, and Faculty Development

Emily R. White Hat, J.D. (Sicangu Lakota) Vice President, Programs

Tiffany Gusbeth (Northern Cheyenne) Vice President, Student Success Services

This annual report is © 2025 by the American Indian College Fund. All rights reserved.

Editor: Dina Horwedel Associate Editors: Colleen Billiot and Jessie Carlson Design and Layout: Amita Manandhar Photos: © American Indian College Fund. All rights reserved.

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