Humboldt College opened its doors on September 13, 1872. The first three years were designed as preparatory work intended to supplement the pupils' public education that ended around eighth grade. The subsequent four years were college work. June 1879 brought the first graduation class of three families. They would be the only students to ever receive a degree from the institution. At this time, Taft and the college were in financial trouble. An endowment fund capable of supporting Taft's vision seemed impossible to create, and following turbulent financial times in the East, the college closed in 1916. The building was razed in 1926, following unsuccessful attempts to rent the structure. Without the college, Taft's dreams of Humboldt becoming an intellectual center of knowledge in the West could not be realized.