Ecmc Group Inc
ECMC Group Inc. is a nonprofit corporation based in Minneapolis, Minnesota. Its mission is to help students succeed by creating, providing and investing in innovative educational opportunities, and it works through a family of nonprofit entities that includes education-related financial services, programs and philanthropy.
Ecmc Group Inc at a glance
In short: Ecmc Group Inc gave $105.6M across 14 grants in 2024 (avg $7.5M), mostly in Minnesota. 29% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $105,568,773
- +13.3% vs 2023
- Grants made (2024)
- 14
- -12.5% vs 2023
- Average grant
- $7,540,627
- +29.5% vs 2023
- Median grant
- $36,530
- Total assets
- $5,676,831,671
- +7.2% vs 2023
- New grantees (estimate)
- 29% first-time grantees (4 of 14, 2024; small sample)
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Ecmc Group Inc
- Contact
Mailing address: 111 Washington Ave So Ste 1400 14, Minneapolis, MN 55401
Phone: (651) 221-0566
Website: https://ecmcgroup.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Ecmc Group Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Ecmc Foundation ($82.9M). Together the top 10 received $105.5M.
Grant Size Distribution
61 grants across all recorded years
The most common grant size was under $50K: 42 grants of 61 (69%).
Geographic Focus
Where this funder awards grants
The 2024 filing’s recipient-state summary reports 100% of grant dollars in Minnesota. However, its itemized grant list also includes recipients in Massachusetts and California, including Jobs for the Future in Boston and Junior Achievement of Sacramento in Sacramento.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
Cities
Is Ecmc Group Inc open to new grantees?
29%
first-time grantees, 2024
In 2024, 4 of 14 grantees (29%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $21K; repeat grants $11M. How we count
Medians: $15K first-time, $48K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $73.5M (2020) to $528.4M (2022). In 2024 it made 14 grants totaling $105.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ecmc Foundation Minneapolis, MN | General Support | $82,935,000 |
| Educational Credit Management Corporation Minneapolis, MN | General Support | $12,611,000 |
| Ecmc Education Inc Minneapolis, MN | General Support | $9,600,000 |
| University of Minnesota Foundation Minneapolis, MN | John Depodesta Leadership Program, Program Sponsorship | $193,700 |
| Reve Academy Minneapolis, MN | Program Sponsorship | $50,000 |
| Cristo Rey Jesuit High School Twin Cities Minneapolis, MN | Corporate Internship Program | $48,750 |
| Junior Achievement North St. Paul, MN | Program Sponsorship, General Support | $47,560 |
| Bestprep Brooklyn Park, MN | Program Sponsorship, General Support | $25,500 |
| Jobs for the Future Boston, MA | Program Sponsorship | $21,800 |
| Junior Achievement of Sacramento Inc Sacramento, CA | Program Sponsorship, General Support | $10,100 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $5,676,831,671 | $501,325,316 | $280,995,832 | $105,568,773 | 14 | $186,593,924 |
| 2023 | $5,293,474,958 | $5,041,564,260 | $269,141,527 | $93,152,712 | 16 | $4,573,551,121 |
| 2022 | $5,422,363,648 | $467,330,504 | $680,177,668 | $528,353,631 | 17 | $101,941,700 |
| 2021 | $5,806,492,820 | $564,021,532 | $152,473,246 | $73,467,674 | 7 | $188,485,958 |
| 2020 | $4,727,263,783 | $418,494,950 | $173,468,527 | $73,467,638 | 7 | $121,198,194 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
ECMC Group says it supports educational opportunities through philanthropic work, financial services and educational solutions. Its 2024 filing describes support for related organizations, grants and sponsorships to schools and individuals, student-loan portfolio servicing, and nonpartisan public-policy analysis and research.
The 2024 grants included substantial general-support contributions to ECMC Foundation, Educational Credit Management Corporation and ECMC Education Inc., as well as smaller program sponsorships and other grants. ECMC Foundation describes its mission as improving postsecondary education and career success for students from underserved populations through evidence-based innovation. ECMC Education Inc. describes its mission as transforming career and technical education to provide learners with skills to elevate their careers and communities. Other recipients’ stated missions include preparing young people for the economy and careers, creating pathways to digital careers, and transforming education and workforce systems.
Grantmaking
In filing year 2024, ECMC Group reported 14 grants totaling $105,568,773. The median grant was $36,530; grants ranged from $5,013 to $82,935,000. The largest grants were $82,935,000 to ECMC Foundation for general support, $12,611,000 to Educational Credit Management Corporation for general support, and $9,600,000 to ECMC Education Inc. for general support.
Other listed grants included $193,700 to the University of Minnesota Foundation for the John Depodesta Leadership Program and program sponsorship; $50,000 to REVE Academy for program sponsorship; $48,750 to Cristo Rey Jesuit High School Twin Cities for a corporate internship program; and $47,560 to Junior Achievement North for program sponsorship and general support. The filing also lists grants to BestPrep, Jobs for the Future, Junior Achievement of Sacramento, HIRED and Junior Achievement of Southern California.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Daniel Fisher as president and CEO; James V. McKeon as board chair; and Martin Scanlon as CFO and treasurer. Directors listed are Diana J. Ingram, Jack O’Connell, Julia S. Gouw, Derek Langhauser, James Runcie, Jennifer Anderson and K. Paul Singh.
Ecmc Group Inc is led by Daniel S. Fisher, President & CEO since 2024 (on filings since 2020); 24 of 33 officers listed in 2024 are compensated.
Officers on the 2024 filing
Daniel S. Fisher
President & CEO
Grp President & CEO → President, CEO & Ecmc Group, 2023
President, CEO & Ecmc Group → President & CEO, 2024
On filings since 2020
40 hrs/week
$688K (2020) → $1.4M (2024)
Jeremy J. Wheaton
Former President & CEO
President, Ceo-Part Yr & Senior Advisor → Former President, CEO & Ecmc Group, 2023
Former President, CEO & Ecmc Group → Former President & CEO, 2024
On filings since 2020
$1.1M (2020) → $20K (2024)
James V. McKeon
Board Chair
On filings since 2020
13 hrs/week
No compensation reported
Dean J. Vandecoevering
Senior Director & Finance
Senior Director, Financial Planning, Analysis & Business Intelligence → Senior Director & Financial Planning, 2022
Senior Director & Financial Planning → Senior Director & Finance, 2023
On filings since 2020
40 hrs/week
$259K (2020) → $275K (2024)
Steven Hupert
Director & Information Tech
Director & Information Technology → Director, 2023
Director → Director & Information Tech, 2024
On filings since 2020
40 hrs/week
$233K (2020) → $256K (2024)
Troy Gunderman
Director & Litigation
Director Litigation → Director & Litigation, 2022
On filings since 2020
40 hrs/week
$216K (2020) → $280K (2024)
Ann Johnston
Senior Director & It Business Operations
New on the 2024 filing
40 hrs/week
$276K (2024)
John Yopp
Director & Software Engineering
New on the 2024 filing
40 hrs/week
$267K (2024)
Derek Langhauser
Director
On filings since 2020
5 hrs/week
No compensation reported
Diana J. Ingram
Director
On filings since 2020
7 hrs/week
No compensation reported
Jack O'Connell
Director
On filings since 2020
5 hrs/week
No compensation reported
Julia S. Gouw
Director
On filings since 2020
5 hrs/week
No compensation reported
K. Paul Singh
Director
On filings since 2020
10 hrs/week
No compensation reported
James Runcie
Director
On filings since 2021
7 hrs/week
No compensation reported
Jennifer Anderson
Director
On filings since 2021
6 hrs/week
No compensation reported
Aaron Woodrich
Vice President & Information Tech
Senior Director & Information Technology → Senior Director, 2023
Senior Director → Vice President & Information Tech, 2024
On filings since 2020
40 hrs/week
$225K (2020) → $270K (2024)
Adam Trampe
Vice President & Deputy General Counsel
Vice President, Compliance & Enterprise Risk Management → Vice President, Deputy General Counsel, Compliance & Enterprise Risk Management, 2021
Vice President, Deputy General Counsel, Compliance & Enterprise Risk Management → Vice President & Deputy General Counsel, 2022
On filings since 2020
40 hrs/week
$284K (2020) → $345K (2024)
Brian Boardman
General Counsel & Corp Secretary
Group General Counsel, Corp Secretary, Vice President, Dpty General Counsel & Assistant Corp Secretary → Grp General Counsel & Corp Secretary, 2022
Grp General Counsel & Corp Secretary → General Counsel & Corp Secretary, 2023
On filings since 2020
40 hrs/week
$354K (2020) → $521K (2024)
Gregory A. Van Guilder
Former Chief Investment Officer
Chief Investment Officer → Former Chief Investment Officer, 2024
On filings since 2020
$1.1M (2020) → $28K (2024)
Heidi J. Johnson
Chief of Staff
Senior Vice President & Chief of Staff → Chief of Staff, 2023
On filings since 2020
40 hrs/week
$416K (2020) → $512K (2024)
Hugh E. McSherry
Vice President & Corporate Services
On filings since 2020
40 hrs/week
$317K (2020) → $323K (2024)
Iris Cumberbatch
Senior Vice President & Corporate Affairs
On filings since 2020
40 hrs/week
$395K (2020) → $513K (2024)
John McKennell
Chief Information Security Officer
Vice President & Chief Information Security Officer → Vice President & Chief Information Secretary Officer, 2022
Vice President & Chief Information Secretary Officer → Chief Information Security Officer, 2023
On filings since 2020
40 hrs/week
$270K (2020) → $347K (2024)
Martin A. Scanlon
CFO & Treasurer
On filings since 2020
40 hrs/week
$687K (2020) → $903K (2024)
Matthew T. Mikulski
Vice President & Internal Audit
On filings since 2020
40 hrs/week
$274K (2020) → $294K (2024)
Philip Becker
Former Vice President & Investments
Vice President & Investments → Former Vice President & Investments, 2024
On filings since 2020
40 hrs/week
$369K (2020) → $15K (2024)
Rahoul Ghose
Chief Information Officer
On filings since 2020
40 hrs/week
$494K (2020) → $660K (2024)
Sarah Strehl
Chief Human Resources Officer
On filings since 2020
40 hrs/week
$543K (2020) → $706K (2024)
Tiffany Thompson
Vice President, Finance & Controller
On filings since 2020
40 hrs/week
$288K (2020) → $334K (2024)
Joseph Watt
Vice President & Impact Investing
Senior Director, Corp Development & Impact Investing → Vice President & Impact Investing, 2022
On filings since 2021
40 hrs/week
$255K (2021) → $359K (2024)
Steve Hansen
Vice President & Information Tech-
Vice President → Vice President & Information Tech-, 2024
On filings since 2023
40 hrs/week
$323K (2023) → $196K (2024)
Josh Ullom
Vice President, Applications & Analytics
New on the 2024 filing
40 hrs/week
$160K (2024)
John F. Depodesta
Former Board Chair
On filings since 2020
No compensation reported
Former officers (15)
- Former: Christopher Janzen (2020–2023) — Vice President & Academic Technology -
- Former: I. King Jordan (2020–2023) — Former Director
- Former: Bruce Feist (2022–2023) — Vice President, Applications & Analytics
- Former: Cassie Stark (2023) — Director, Human Resources & Talent
- Former: James Fisher (2023) — Senior Director & Investments
- Former: Josh Slayton (2020–2022) — Edu President & Senior Vice President Grp Dev-Part Yr
- Former: Maurice M. Salter (2020–2022) — Director
- Former: Roberta Cooper Ramo (2020–2022) — Former Director
- Former: Stephen H. Hansen (2020–2022) — Vice President & Information Technology
- Former: Christine Noel (2022) — Government Affairs Director
- Former: Sara Hegg (2022) — Director, Total Rewards & Payroll
- Former: Harini Upadhyaya (2020–2021) — Vice President, Applications & Analytics
- Former: Janice A Hines (2020–2021) — Former Chief Relationship Officer, President, CEO, Ecmc & Current Senior Advisor
- Former: Scott Reed (2020–2021) — Senior Manager & Development
- Former: Wendy Badger (2020) — Former Vice President & Corporate Compliance Officer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1.4M, to Daniel Fisher (President & CEO). 24 officers or directors reported compensation on that filing.
Frequently asked questions about Ecmc Group Inc
How much does Ecmc Group Inc give each year?
Ecmc Group Inc gave $105.6M across 14 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $93.2M across 16 grants.
What is Ecmc Group Inc's typical grant size?
Ecmc Group Inc's median grant in 2024 was $36,530, and its average grant was $7,540,627, across 14 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Ecmc Group Inc that year got $21K on average.
Where does Ecmc Group Inc give grants?
Ecmc Group Inc gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Minneapolis, MN (7 grants) and St. Paul, MN (2 grants).
Does Ecmc Group Inc give general operating support?
Yes: 50% of Ecmc Group Inc's 2024 grants with a stated purpose (7 of 14) were for general or operating support, per its 2024 IRS Form 990. Recurring purposes include "Program Sponsorship" (4 grants).
Who are Ecmc Group Inc's largest grantees?
Ecmc Group Inc's largest 2024 grantees include Ecmc Foundation ($82,935,000), Educational Credit Management Corporation ($12,611,000) and Ecmc Education Inc ($9,600,000), according to its 2024 IRS Form 990.
How large is Ecmc Group Inc?
Ecmc Group Inc reported $5.7B in total assets on its 2024 IRS Form 990. Its revenue that year was $501.3M.
What does Ecmc Group Inc fund?
ECMC Group says it supports educational opportunities through philanthropic work, financial services and educational solutions. See mission & focus areas ↑
How do I apply for a grant from Ecmc Group Inc?
Ecmc Group Inc has no public application process in the sources Grantable reviewed. Check ecmcgroup.org for current guidelines, or contact the foundation directly before submitting a request.
What is Ecmc Group Inc's EIN?
Ecmc Group Inc's EIN (Employer Identification Number) is 41-1991995. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 15, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Ecmc Group Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Ecmc Foundation
Minneapolis, MN
ECMC Foundation funds evidence-based efforts to improve postsecondary completion and career success for underserved learners, including work on basic needs, career and technical education, transfer pathways, and systemic change. Its 2024 grants ranged from $5,473 to $3,449,045, with a median of $27,500; it funds eligible organizations and institutions in the United States. It accepts unsolicited, project-based requests through an online letter-of-inquiry process.
Assets
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Total Given
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The Minneapolis Foundation
Minneapolis, MN
The Minneapolis Foundation funds civic, social, and economic needs, including economic mobility, education, health, the environment, arts, and human services, with most grant dollars going to Minnesota. Its 2025 grants had a median of $25,000, though amounts varied widely. It says no funding opportunities are currently open; whether it accepts unsolicited requests is not stated.
Assets
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Grants
1,565
Total Given
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The Richard M Schulze Family Foundation
Minneapolis, MN
The Richard M. Schulze Family Foundation funds education, health care, and human services, including college scholarships, with most support benefiting working- and middle-class families in specified Minnesota and Florida counties; it also makes some national grants. Its 2024 grants had a median of $5,000, though awards ranged from $50 to $10 million. It plans to move to invitation-only grantmaking in 2027; whether it currently accepts unsolicited requests is not stated.
Assets
$218.3M
Grants
1,431
Total Given
$47.9M
Saint Paul & Minnesota Foundation
St. Paul, MN
The Saint Paul & Minnesota Foundation funds community-led work in areas including economic opportunity, health and human services, youth and education, housing, and organizational capacity. Its 2025 grants had a median of $26,000; listed programs offer up to $50,000 for eligible East Metro work and up to $15,000 for qualifying Minnesota organizations. It accepts applications through specific programs, including rolling application opportunities; the Community Solutions Grant Program serves Dakota, Ramsey, and Washington counties.
Assets
$1.7B
Grants
1,473
Total Given
$107.2M
Otto Bremer Trust
St. Paul, MN
The Otto Bremer Trust funds organizations and projects addressing community needs and opportunities, including health care and social services, in Minnesota, Montana, North Dakota, and Wisconsin. In 2025, grants ranged from $3,500 to $4.2 million, with a median of $150,000. It does not accept unsolicited requests or direct grant applications; Community Responsive Fund grants are offered through selected intermediaries.
Assets
$1.4B
Grants
180
Total Given
$57.2M
HB Fuller Company Foundation
St. Paul, MN
The H.B. Fuller Company Foundation funds STEM education and youth leadership development in communities where its employees live and work, including projects internationally. Its 2024 grants ranged from $50 to $300,000, with a median award of $5,000. Although a 2023 filing says it did not accept unsolicited requests, current materials describe open-call applications twice a year, alongside invitation-only partnerships.
Assets
$168K
Grants
110
Total Given
$1.1M
More similar funders
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Cite this profile
Grantable. (2026). Ecmc Group Inc funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/ecmc-group-inc-morg_6e791f39f61044c085afa8c7c2f7f45e
BibTeX
@misc{grantable_411991995_2026,
author = {{Grantable}},
title = {{Ecmc Group Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/ecmc-group-inc-morg_6e791f39f61044c085afa8c7c2f7f45e},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Ecmc Group Inc'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.
Ecmc Group Inc down — hundreds of funders to go?