HEERF II Institutional Portion

Updated as of 3/31/2021

1. This is to acknowledge that Babson College, per the College’s Certification and Agreement under the CRRSAA and ARP (a)(1) and (a)(4) programs, has received  institutional funds as part of The Higher Education Emergency Relief Fund II (HEERF II).

2.  $1,552,731 - The total amount of the 2nd HEERF II funds that the institution received from the Department pursuant to the institution’s Certification and Agreement [for] Institutional Portion on February 17, 2021.

3. $1,552,731 – the total amount disbursed under CRRSAA and ARP (a)(1) and (a)(4). This data is valid through 3/31/21.

4. The method(s) used by the institution to determine expenditures under CRRSAA and ARP (a)(1) and (a)(4):

a. Babson College has assessed its institutional needs and prioritized the best use of CARES Act and HEERF II Institutional funds.  $2,433,726 funds to date have been spent on reimbursing the College for Lost Revenues due to Pandemic.

HEERF II Quarterly Institutional Reporting - 3/31/21

This is the final quarterly institutional report for Babson College.