Privately funded, the EGS was founded by the non-profit European Foundation of Interdisciplinary Studies (EGIS), Zurich. The European Graduate School is governed by a Board of Directors that includes a representative of the accrediting state (Swiss canton of Wallis) and is a formally recognized university in Wallis by Staatsratsbeschluss (State Council decision, from June 20, 2002).
According to Wallis university law, the EGS is regionally accredited by the Ministry of Education and grants recognized M.A. and Ph.D. (Doktor der Philosophie) degrees on the basis of the State Council decision by Kanton Wallis (Switzerland), from April 14, 1998. With the decision from December 12, 2000, the United States Department of Education has determined that the European Graduate School satisfies the definition of an eligible institution under the Higher Education Act of 1965 and will be listed in the next edition of the Directory of Postsecondary Institutions published by the U.S. Department of Education. The EGS School Code OPE ID Number is 03518300.
An American Council of the EGS was established in 1996 to review the original application documents for the Ph.D. program and currently advises the development of The European Graduate School. The Council is chaired by Roy P. Fairfield, Ph.D. (Harvard), Professor Emeritus, Union Institute, and co-founder of three accredited American universities (Union, Walden, and Graduate School of America). Other members are Friedrich Ulfers, Ph.D. (NYU), Associate Professor and Director of Deutsches Haus, New York University: Terry Armstrong, Ph.D., Professor and former director, MBA program, University of Florida; James P. Dixon, M.D. (Harvard), Professor Emeritus, University of North Carolina, and former President of Antioch University Ohio; Carl Mitcham, Ph.D (Fordham), Professor of Humanities, Colorado School of Mines, former director of the Science,Technology Society Program at Penn State University and founding president of the Society for Philosophy and Technology; Sherry Penn, Ph.D., Professor, Union Institute, and vice president, Penn-Crawford Associates; William Romey, Ph.D., Professor Emeritus, St. Lawrence University; Peter Simpson, Ph.D. (Oxford), Professor and department chair, City University of New York.
The EGS has cooperation agreements with the following accredited universities: Hochschule für Musik und Theater (Graduate School for Music and Theater), Hamburg (Germany), Appalachian State University North Carolina (USA), International School for New Media, Lubeck (Germany); California Institute for Integral Studies, San Francisco (USA), Internationale Hochschule für kunstlerische Therapien und Kreativpudagogik (International Graduate School for Arts Therapy & Creative Pedagogy), Calw (Germany).