Sierra Nevada University (SNC)

On July 7, 2021, the Board of Trustees of the University approved a proposed transaction allowing Sierra Nevada University to become part of the University of Nevada, Reno (UNR). Under the proposed transaction, the University Incline campus would become part of UNR and University programs and operations would be gradually merged with those of UNR. The Nevada System of Higher Education (NSHE) Board of Regents approved this proposed transaction on July 23, 2021. Effective July 1, 2022, the assets and related liabilities were assigned to the UNR, except for the beneficial interest in assets held by a community foundation and the investment accounts, which were transferred to the UNR Foundation.The SNU Board of Trustees continue to work with UNR Foundation and UNR to properly transfer the following remaining assets: Sardella Reserve Fund Cash Land CoverageBoth of these transactions are complex in nature and taking additional time. Upon the successful transfer of the remaining assets, the SNU Board of Trustees, by written consent, with dissolve the corporation. It is anticipated that this will occur by June 30, 2025.