Herzing University Announces Nonprofit Status
MILWAUKEE, WI (January 2, 2015) – Herzing University, a regionally accredited, Milwaukee, Wisconsin based private university that will be celebrating its 50th anniversary in 2015, is pleased to announce the consummation of a transaction on January 1, 2015 by which the University has become a 501(c)(3) nonprofit tax-exempt educational institution. As a nonprofit institution of higher education, the University plans to continue its long history of career-focused educational programs with no material changes to its senior administration, faculty, staff, programs or services to students.
The January 1, 2015 transaction involved a merger of the University’s previous operating entity, Herzing, Inc., into the Herzing Educational Foundation, Ltd., an existing 501(c)(3) nonprofit tax-exempt organization, with the 501(c)(3) organization acquiring all the operating assets of the University. In connection with this transaction, the Herzing Educational Foundation, Ltd. also has expanded its board of directors and changed its name to Herzing University, Ltd. The transaction and the resulting conversion of the University to a nonprofit tax-exempt educational institution has been conducted in accordance with applicable regulatory and accreditation requirements, including the requirements of the U.S. Department of Education, the Higher Learning Commission, and the state agencies that authorize the University as a provider of postsecondary education.
As the University’s President Renee Herzing stated, “We at Herzing University are very excited to be celebrating our 50-year tradition of focusing on student success and to continue our mission as a nonprofit institution. We remain committed to aligning our program offerings with the needs of employers and the communities we serve. We are looking forward to this exciting next step in the evolution of the University.”
About Herzing University
Herzing University encompasses 11 campuses in eight states, a continuing education division, an online division, and has a current enrollment of approximately 6000 students. Founded in Milwaukee, Wis. in 1965, today the University offers career-focused, convenient and caring education for master’s, bachelor’s, and associate degrees, diplomas and continuing education in the fields of technology, business, healthcare, design and public safety. In 2014, U.S. News & World Report ranked Herzing University as one of the “Best Online Bachelor’s Degree Programs” nationally. Herzing University has also has been recognized as a member of the 2014 GI Jobs magazine list of “Military Friendly Schools”. Herzing University is accredited by the Higher Learning Commission; www.ncahlc.org or (800) 621-7440. More information about Herzing University is available at: www.herzing.edu