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Higher Education Assistance Foundation is a private corporation based in WESTBROOK, ME. The foundation received its IRS ruling in 1958. The principal officer is Marc Owen. It holds total assets of $249K. Annual income is reported at $9K. The foundation is governed by 12 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Maine. According to available records, Higher Education Assistance Foundation has made 66 grants totaling $64K, with a median grant of $1K. Annual giving has decreased from $14K in 2020 to $10K in 2023. Grantmaking activity was highest in 2022 with $26K distributed across 28 grants. Individual grants have ranged from $500 to $1K, with an average award of $969.697. The foundation has supported 50 unique organizations. Grant recipients are concentrated in Maine. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$1K
Average Grant
$929
Largest Grant
$1K
Based on 14 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Higher Education Assistance Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 66 grants. Its grantmaking reaches organizations primarily in ME.
Higher Education Assistance Foundation has distributed a total of $64K across 66 grants. The median grant size is $1K, with an average of $969.697. Individual grants have ranged from $500 to $1K.
The application deadline is March 31st. Recipients must be Maine high school graduates who are enrolled in a business-related program at a Maine college or university.
Higher Education Assistance Foundation is headquartered in WESTBROOK, ME.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Curtis C Simard | Immediate Past Chair/Director | $0 | $0 | N/A |
| Neil Kiely | Director | $0 | $0 | N/A |
| Jeanne Hulit | Director | $0 | $0 | N/A |
| Blaine Boudreau | Chair | $0 | $0 | N/A |
| Daniel Thornton | Director | $0 | $0 | N/A |
| David Cyr | Director | $0 | $0 | N/A |
| Jim Roche | President | $0 | $0 | N/A |
| Bradford Paige | Director | $0 | $0 | N/A |
| Timothy Thompson | Director | $0 | $0 | N/A |
| Glenn Hutchinson | Director | $0 | $0 | N/A |
| Greg Dufour | Director | $0 | $0 | N/A |
| Steve Decastro | Vice Chairman | $0 | $0 | N/A |
Total Giving
$12K
Total Assets
$266K
Fair Market Value
$266K
Net Worth
$266K
Grants Paid
$10K
Contributions
N/A
Net Investment Income
$4K
Distribution Amount
$13K
Total Grants
66
Total Giving
$64K
Average Grant
$969.697
Median Grant
$1K
Unique Recipients
50
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cole LeclercScholarship | Waterville, ME | $1K | 2023 |
| Elissa SieberScholarship | Calais, ME | $1K | 2023 |
| Julia LabbeScholarship | Fort Kent, ME | $1K | 2023 |
| Katelynn HollandScholarship | Machias, ME | $1K | 2023 |
| Kyle KruseScholarship | Orono, ME | $1K | 2023 |
| Reece KneisslerScholarship | Farmington, ME | $1K | 2023 |
| Sarah MckennaScholarship | Wells, ME | $1K | 2023 |
| Sean HyattScholarship | Bangor, ME | $1K | 2023 |
| Annaset JacksonScholarship | Presque Isle, ME | $1K | 2023 |
| Cameron WigginsScholarship | Fairfield, ME | $1K | 2023 |
| Mikayla Van ZantScholarship | Standish, ME | $1K | 2022 |
| Nick ReynoldsScholarship | Machias, ME | $1K | 2022 |
| Zakkary TracyScholarship | Presque Isle, ME | $1K | 2022 |
| Aric BelangerScholarship | Farmington, ME | $1K | 2022 |
| Brianna TrippScholarship | Fairfield, ME | $1K | 2022 |
| Caitlyn BeaulieuScholarship | Orono, ME | $1K | 2022 |
| Casey MonahanScholarship | Wells, ME | $1K | 2022 |
| Eric HowardScholarship | South Portland, ME | $1K | 2022 |
| Hannah O'NeilScholarship | Bangor, ME | $1K | 2022 |
| Harley ColfordScholarship | Bangor, ME | $1K | 2022 |
| Harley SanfordScholarship | Calais, ME | $1K | 2022 |
| Megan BlanchetteScholarship | Fort Kent, ME | $1K | 2022 |
| Nicolas RobergeScholarship | Augusta, ME | $500 | 2022 |
| Alyson FecteauScholarship | Augusta, ME | $500 | 2022 |
| Cheyenne BellScholarship | Auburn, ME | $1K | 2021 |
| Christopher NicholsonScholarship | Augusta, ME | $1K | 2021 |
| Colby SmallScholarship | Orono, ME | $1K | 2021 |
| Cole GilmanScholarship | Bangor, ME | $1K | 2021 |
| Ethan RichardScholarship | Standish, ME | $1K | 2021 |
| Hayden CaldwellScholarship | Waterville, ME | $1K | 2021 |
| Heather MaharScholarship | Machias, ME | $1K | 2021 |
| Kelsey MclainScholarship | Calais, ME | $1K | 2021 |
| Laura FitzgeraldScholarship | Presque Isle, ME | $1K | 2021 |
| Maxwell WebsterScholarship | Bangor, ME | $1K | 2021 |
| Searra HerbertScholarship | Fort Kent, ME | $1K | 2021 |