Each of the
32 State Fund Members is a nonprofit (501(c)3 IRS status) consortium that generates financial resources for, and coordinates beneficial collaboration program among, its member independent colleges and universities. These consortia joined CIC following the merger of CIC and the Foundation for Independent Higher Education in 2010. They are expected to be active in the State Fund network, seek support for their member colleges (particularly in the area of raising scholarship funding), coordinate collaborative programs, and pay annual dues to CIC.