ITK published its 2025–26 annual report on Sept. 11, following its annual general meeting in Kuujjuaq. The report says ITK’s board selected Arviat as the main-campus location for Inuit Nunangat University and that the organization has reached its initial goal of raising more than $160 million. Its funding graphic lists $166 million secured in total, including a $50-million federal commitment through the Build Communities Strong Fund and funding ITK says will support programming and student housing through the Nunavut Agreement. Source↗

The report provides a current public accounting of the proposed Inuit-governed university, which ITK says is intended to offer degrees across two provinces and two territories. For Nunavut, Arviat remains the planned main-campus community. The report does not set out a campus design, construction tender, operating budget, student-admission process or confirmed opening date.

ITK says it is committed to opening Inuit Nunangat University by 2030. The next meaningful milestones would be confirmed governance and accreditation arrangements, program details, a financing breakdown, procurement or construction decisions, and a public timeline for students and staff.

ITK’s summary financial statements, audited for the year ending March 31, 2026, report $27.99 million in revenue, $27.43 million in expenses and a $558,841 excess of revenue over expenses. They also list $76.32 million in deferred contributions, money recorded for future funded work rather than unrestricted spending. The independent auditor gave an unmodified opinion on the underlying audited statements, while noting the published financial pages are a summary and not a substitute for the full statements. Source↗