Florida BOG |Academic and Research Excellence Committee Awards Financial Services Contract to Florida Board of Governors Foundation Inc (July 2026)

The Florida Board of Governors Foundation, Inc. entered into an agreement to provide up to $3,462,888.17 in grant funds during FY2026-2027 to the Commission for Public Higher Education to support start-up and operational activities as a public higher education accrediting agency. Funds will be disbursed quarterly based on a submitted schedule and achievement of specified operational benchmarks, continuing until the full $4 million allocation is exhausted or funding is no longer needed.

Scope & details

The full contract record, as filed.

Contract amount

Up to $3,462,888.17 (maximum funds under this Agreement; total legislative allocation $4,000,000, of which $537,111.83 was disbursed in 2025-2026)

Contract type

FINANCIAL_SERVICES

Contract term

FY2026-2027, with quarterly disbursements beginning July 1, 2026, and continuing in subsequent fiscal years until the $4,000,000 is fully disbursed or CPHE no longer needs funds

Renewal date

2027-06-30

Renewal

CPHE must submit a new disbursement schedule at least 30 days before each fiscal year in which it seeks funds, including the FY2027-2028 schedule by May 1, 2027. The Agreement continues with quarterly disbursements in subsequent fiscal years until the $4,000,000 is fully disbursed or CPHE no longer needs operational support, and may be amended only in writing by both parties; either party may terminate with 60 days’ notice, subject to repayment of unused funds.

Document type

Agreement

Source document

Florida Board of Governors Foundation Agreement for Commission for Public Higher Education Funding 2026-07-01

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Florida BOG |Academic and Research Excellence Committee?

Florida Board of Governors Foundation Inc was awarded this financial services contract by Florida BOG |Academic and Research Excellence Committee, as recorded on July 1, 2026. The contract value is Up to $3,462,888.17 (maximum funds under this Agreement; total legislative allocation $4,000,000, of which $537,111.83 was disbursed in 2025-2026).

How much is the Florida Board of Governors Foundation Inc contract with Florida BOG |Academic and Research Excellence Committee worth?

The Florida Board of Governors Foundation Inc contract with Florida BOG |Academic and Research Excellence Committee is valued at Up to $3,462,888.17 (maximum funds under this Agreement; total legislative allocation $4,000,000, of which $537,111.83 was disbursed in 2025-2026), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Florida Board of Governors Foundation Agreement for Commission for Public Higher Education Funding 2026-07-01 (Agreement), dated July 1, 2026 from Florida BOG |Academic and Research Excellence Committee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Florida Board of Governors Foundation Inc hold?

Florida Board of Governors Foundation Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Florida Board of Governors Foundation Inc's profile

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