The center became Shalem College in January 2013, when it received accreditation from the Council of Higher Education to offer Bachelor's degrees.
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In 2010, the Center announced a $5 million gift from the Chicago-based Conduit Foundation, headed by long-time Shalem trustee David Messer, to seed the establishment of Shalem College.
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The newly created Shalem College will offer an Israeli B.A. modeled on the American liberal-arts degree.
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Examples of such colleges are Mount Allison University, Bishop's University, and St. Thomas University in Canada; John Cabot University in Rome, Italy; European College of Liberal Arts in Germany; Lingnan University in Hong Kong; University College Maastricht in the Netherlands, Foundation for Liberal and Management Education in Pune, India, Shalem College in Jerusalem, Israel, Campion College in Sydney, Australia; Al Akhawayn University in Ifrane, Morocco, etc.
Other significant supporters of Shalem College include the Klarman Family Foundation of Boston, George and Pamela Rohr of New York, Harvey and Jayne Beker of New York, Larry and Judy Tanenbaum of Toronto, Warren and Debbie Kimel of Toronto, and the Ziegler Family Trust.