Gannon University and Urusline College, located in Pepper Pike, Ohio, have received a joint $100,000 grant from the Transformational Partnerships Fund.
Back in September, the two universities announced plans to enter a strategic partnership that would create the largest Catholic institution on Lake Erie. Both schools are now in the due diligence phase of the process.
The schools are expected to sign a definitive agreement mid-December.
The grant funds will be used to support the partnership.
“We have been very impressed with Ursuline President David King and Gannon President Walter Iwanenko, and with the deliberate, student-centric approach that Gannon University and Ursuline College are taking. We are delighted to support this partnership,” said John MacIntosh, managing partner of SeaChange Capital Partners, which manages the Transformational Partnerships Fund.
Once a definitive agreement is signed, it will require the approval of various accreditation boards. Full integration of the schools is expected to take place over the next year.