From the beginning, the ISP financial model was unusual for a university. The program operated as a nearly self-sustaining initiative within the schools that housed and supported it through the Director's faculty appointment, space and other overhead. Its financial requirements and foundation were supported by student tuition and grants secured by Dr. Weckwerth; contributions of time and effort by supportive full-time and adjunct faculty; and through donations of funds by students and other supporters to further its vision of non-traditional executive healthcare education.
Through prudent and careful manangement of program revenues and by way of grateful contributors, ISP accumulated fund surpluses that existed at the time of Dr. Weckwerth's retirement. These funds resided in two accounts that were transferred from the Carlson School when the MHA program moved back to the School of Public Health. As of 2007, upon his retirement, the quasi-endowment fund, D986 (funds earned from management of grant dollars and other sources including donated monies) totaled $4,821,358. Funds held as "true endowment", E267, totaled $220,532. These funds were entrusted to the Dean, "only for the exclusive benefit of the ISP program". They were then used for furtherance of the mission of the MHA and Executive Studies Programs. The Executive MHA program has successfully become the "next generation" proving practicing healthcare professioanls with the opportunity for a graduate management degree.
Funds contributed specifically to honor the legacies of ISP and Dr. Weckewrth were segregated for allocation to a campaign to honor Dr.Weckwerth with a Chair in his name. The School of Pubic Health joined this effort with a contribution commitment of $375,000 to further support the development of required philanthropy to realize this vision.