Aim Higher Foundation
The Aim Higher Foundation (AHF) provides scholarships to students from families with demonstrated financial need who seek a catholic education for their children
Aim Higher Foundation at a glance
In short: Aim Higher Foundation gave $2.9M across 1 grant in 2025 (avg $2.9M). Source: 2025 IRS Form 990.
- Annual giving (2025)
- $2,892,360
- +14.7% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $2,892,360
- +14.7% vs 2024
- Median grant
- $2,892,360
- Total assets
- $5,537,980
- +0.9% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Aim Higher Foundation
Open Grants
3 open opportunities from Aim Higher Foundation
Aim Higher Reserve Fund Scholarship
Aim Higher Foundation
Amount
$1,000
Deadline
Rolling
Catholic Schools Week Scholarship Giveaway
Aim Higher Foundation
Amount
$1,000
Deadline
Deadline not published
Reserve Fund Scholarship
Aim Higher Foundation
Amount
$1,000
Deadline
Rolling (quarterly review)
Who Aim Higher Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 5 (100%).
How Aim Higher Foundation gives
- Giving grew 36% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $1.9M (2020) to $2.9M (2025). In 2025 it made 1 grant totaling $2.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $2,892,360 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $5,537,980 | $3,445,656 | $3,825,869 | $2,892,360 | 1 | $209,374 |
| 2024 | $5,490,835 | $2,308,093 | $3,338,691 | $2,522,360 | 1 | $166,417 |
| 2023 | $6,203,962 | $2,095,192 | $2,991,736 | $2,318,360 | 1 | $84,626 |
| 2022 | $6,907,513 | $2,912,547 | $2,745,766 | $2,121,360 | 1 | $84,049 |
| 2021 | $6,897,588 | $2,438,620 | $2,538,487 | $1,997,000 | 1 | $72,649 |
| 2020 | $6,773,685 | $7,293,141 | $2,875,843 | $1,867,500 | 1 | $13,770 |
About Aim Higher Foundation
Based on IRS filings
Aim Higher Foundation is a public charity focused on religion, based in St. Paul, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5.5M in total assets. In 2025, it awarded 1 grant totaling $2.9M. Net investment income was $209K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Aim Higher Foundation is led by Richard R. Austin III, President on every filing since 2023; 1 of 16 officers listed in 2025 is compensated.
Officers on the 2025 filing
Richard R. Austin III
President
On filings since 2023
60 hrs/week
$120K (2023) → $175K (2025)
Mary Schaffner
Board Chair
Board Member → Vice Chair & Secretary, 2023
Vice Chair & Secretary → Board Chair, 2024
On filings since 2020
5 hrs/week
No compensation reported
Sarah Schumacher
Treasurer
Board Chair → Board Member, 2022
Board Member → Treasurer, 2024
On filings since 2020
3 hrs/week
No compensation reported
Paul Herro
Board Member
On filings since 2021
1 hr/week
No compensation reported
Father Chris Collins
Board Member
On filings since 2023
1 hr/week
No compensation reported
Jackie Daylor
Board Member
On filings since 2023
1 hr/week
No compensation reported
Jeff Cachat
Board Member
On filings since 2023
1 hr/week
No compensation reported
Joe Donnelly
Vice Chair & Secretary
Board Member → Vice Chair & Secretary, 2025
On filings since 2023
3 hrs/week
No compensation reported
Margaret Requet
Board Member
On filings since 2023
1 hr/week
No compensation reported
Brent Frederick
Board Member
On filings since 2024
1 hr/week
No compensation reported
Julie Hurley
Board Member
On filings since 2024
1 hr/week
No compensation reported
Don Mulligan
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Elizabeth Neintimp
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Greg Schumacher
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Jane McDonald Black
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Steve Lucke
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (11)
- Former: Aida Schaefer (2020–2024) — Board Member
- Former: Donal Mulligan (2020–2024) — Secretary
- Former: Father John Ubel (2020–2024) — Former Treasurer
- Former: Barry Lieske (2021–2024) — Board Member
- Former: Jean Houghton (2020–2023) — Former President
- Former: Karen Rauenhorst (2020–2023) — Board Member
- Former: Yen Fasano (2020–2023) — Board Member
- Former: Phil Paquette (2022) — Board Member
- Former: Douglas Milroy (2020–2021) — Former Board Member
- Former: Philip Paquette (2020–2021) — Board Member
- Former: Samuel Salas (2020–2021) — Board Member
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $175K, to Richard R Austin III (President).
Frequently asked questions about Aim Higher Foundation
How much does Aim Higher Foundation give each year?
Aim Higher Foundation gave $2.9M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.5M across 1 grant.
How large is Aim Higher Foundation?
Aim Higher Foundation reported $5.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.4M.
What is Aim Higher Foundation?
Aim Higher Foundation is a public charity focused on religion, based in St. Paul, MN. It holds $5.5M in total assets as of 2025.
What is Aim Higher Foundation's EIN?
Aim Higher Foundation's EIN (Employer Identification Number) is 46-3935682. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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Browse active grant opportunities in Aim Higher Foundation's focus areas in our free grants database
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Figures come from Aim Higher Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Aim Higher Foundation down — hundreds of funders to go?