Higher Education Assistance Foundation
Higher Education Assistance Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTBROOK, ME. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $249K in total assets. In 2025, it awarded 7 grants totaling $14K. Net investment income was $8K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$249K
-2.8% YoY
Annual Giving
$14K
-2.8% YoY
Grant Count
7
-41.7% YoY
Avg Grant Size
$2K
+66.7% YoY
Under IRS private-foundation payout rules, Higher Education Assistance Foundation reported a distributable amount of $12K for 2025 — the minimum it must pay out in qualifying distributions.
About Higher Education Assistance Foundation
Based on IRS filings
Higher Education Assistance Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTBROOK, ME. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $249K in total assets. In 2025, it awarded 7 grants totaling $14K. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $249,254 | $256,431 | $266,207 |
| Revenue | $8,609 | $6,551 | $4,757 |
| Expenses | $15,786 | $16,327 | $11,671 |
| Qualifying Distributions | $14,891 | $15,472 | $10,834 |
| Net Investment Income | $7,794 | $5,751 | $3,957 |
| Distributable Amount | $12,059 | $12,576 | $13,087 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
Grant Size Distribution
57 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Amber Kennedy ($2,000), Breanna Ouellett ($2,000), Carson Damon ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Amber Kennedy Machias, ME | Educational Scholarship | $2,000 |
| Breanna Ouellett Fort Kent, ME | Educational Scholarship | $2,000 |
| Carson Damon Orono, ME | Educational Scholarship | $2,000 |
| Chase McAllian Presque Isle, ME | Educational Scholarship | $2,000 |
| Jillian Gamage Farmington, ME | Educational Scholarship | $2,000 |
| Teagan Hynes Standish, ME | Educational Scholarship | $2,000 |
| University of New England Biddeford, ME | Scholarship Foundation Payment | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Neil Kiely | Chair | 1 | — |
| Daniel Walsh | Vice Chairman | 1 | — |
| Lawrence L Barker | Immediate Past Chair/Director | 1 | — |
| Jim Roche | President | 1 | — |
| Stephen deCastro | Director | 1 | — |
| Anthony Disotto | Director | 1 | — |
| Glenn Hutchinson | Director | 1 | — |
| Mark Jones | Director | 1 | — |
| Alexander Meagher | Director | 1 | — |
| Tony McKim | Director | 1 | — |
| Curt Paterson | Director | 1 | — |
| Timothy Thompson | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Higher Education Assistance Foundation?
Higher Education Assistance Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTBROOK, ME. It holds $249K in total assets as of 2025.
How large is Higher Education Assistance Foundation?
As of 2025, Higher Education Assistance Foundation holds $249K in total assets with $9K in annual revenue. It awarded 7 grants totaling $14K in 2025.
Where does Higher Education Assistance Foundation operate?
Higher Education Assistance Foundation has awarded grants in Maine.
What size grants does Higher Education Assistance Foundation award?
In 2025, Higher Education Assistance Foundation awarded 7 grants totaling $14K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Higher Education Assistance Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Higher Education Assistance Foundation reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Higher Education Assistance Foundation's EIN?
Higher Education Assistance Foundation's EIN (Employer Identification Number) is 01-0265587. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Higher Education Assistance Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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