Higher Education Assistance Foundation
Higher Education Assistance Foundation is a private foundation, 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.
Higher Education Assistance Foundation at a glance
In short: Higher Education Assistance Foundation gave $14K across 7 grants in 2025 (avg $2K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $14,000
- -2.8% vs 2024
- Grants made (2025)
- 7
- -41.7% vs 2024
- Average grant
- $2,000
- +66.7% vs 2024
- Median grant
- $2,000
- Total assets
- $249,254
- -2.8% vs 2024
- Primary geography
- Maine (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Higher Education Assistance Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of New England ($2K).
Organizations only. It also paid 6 individual scholarships ($12,000), which are not listed by name.
Grant Size Distribution
57 grants across all recorded years
The most common grant size was under $50K: 57 grants of 57 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Higher Education Assistance Foundation gives
- Giving held roughly steady from 2022 to 2025 (+8%). Method
- In 2025 it paid out 123% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF 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 $10K (2023) to $14K (2024). In 2025 it made 7 grants totaling $14K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 6 individual scholarships Recipients not named | — | $12,000 |
| University of New England Biddeford, ME | Scholarship Foundation Payment | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $249,254 | $8,609 | $15,786 | $14,000 | 7 | $14,891 | $7,794 | $12,059 |
| 2024 | $256,431 | $6,551 | $16,327 | $14,400 | 12 | $15,472 | $5,751 | $12,576 |
| 2023 | $266,207 | $4,757 | $11,671 | $10,000 | 10 | $10,834 | $3,957 | $13,087 |
| 2022 | $273,121 | $3,441 | $14,678 | $13,000 | 14 | $13,822 | $2,653 | $13,698 |
| 2021 | $284,358 | $5,724 | $15,967 | $14,000 | 14 | — | $4,874 | $14,120 |
| 2020 | $294,601 | $9,930 | $16,087 | $14,000 | 14 | — | $9,055 | $14,461 |
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.
Leadership & Key People
Officers and directors from IRS filings
Higher Education Assistance Foundation is led by Jim Roche, President on every filing since 2022; none of the 12 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jim Roche
President
On filings since 2022
1 hr/week
No compensation reported
Neil Kiely
Chair
Director → Vice Chairman, 2024
Vice Chairman → Chair, 2025
On filings since 2022
1 hr/week
No compensation reported
Glenn Hutchinson
Director
On filings since 2020
1 hr/week
No compensation reported
Lawrence L Barker
Immediate Past Chair & Director
Past Director → Chair, 2024
Chair → Immediate Past Chair & Director, 2025
On filings since 2020
1 hr/week
No compensation reported
Timothy Thompson
Director
On filings since 2020
1 hr/week
No compensation reported
Tony McKim
Director
Past Chair → Past Director, 2021
Past Director → Director, 2024
On filings since 2020
1 hr/week
No compensation reported
Anthony Disotto
Director
On filings since 2024
1 hr/week
No compensation reported
Curt Paterson
Director
On filings since 2024
1 hr/week
No compensation reported
Stephen deCastro
Director
Immediate Past Chair & Director → Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Alexander Meagher
Director
New on the 2025 filing
1 hr/week
No compensation reported
Mark Jones
Director
New on the 2025 filing
1 hr/week
No compensation reported
Daniel Walsh
Vice Chairman
Director → Vice Chairman, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (18)
- Former: Blaine Boudreau (2020–2024) — Director
- Former: Curtis C Simard (2020–2024) — Director
- Former: Jeanne Hulit (2020–2024) — Director
- Former: Bradford Paige (2021–2024) — Past Director
- Former: Greg Dufour (2022–2024) — Past Director
- Former: Steve DeCastro (2020–2023) — Chair
- Former: Daniel Thornton (2021–2023) — Past Director
- Former: David Cyr (2021–2023) — Past Director
- Former: Larry Barker (2021–2023) — Vice Chairman
- Former: Dan Walsh (2023) — Director
- Former: Christopher W Pinkham (2020–2021) — Past President
- Former: Robert C Quentin (2020–2021) — Past Director
- Former: Robert S Montgomery-Rice (2020–2021) — Immediate Past Chair
- Former: William B Williamson (2020–2021) — Past Director
- Former: William Tracy (2020–2021) — Past Director
- Former: James Roche (2021) — President
- Former: John Witherspoon (2020) — Past Director
- Former: Scott Conant (2020) — Past Director
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.
Frequently asked questions about Higher Education Assistance Foundation
How much does Higher Education Assistance Foundation give each year?
Higher Education Assistance Foundation gave $14K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $14K across 12 grants.
What is Higher Education Assistance Foundation's typical grant size?
Higher Education Assistance Foundation's median grant in 2025 was $2,000, and its average grant was $2,000, across 7 grants on its 2025 IRS Form 990-PF.
Where does Higher Education Assistance Foundation give grants?
Higher Education Assistance Foundation gives mostly in Maine: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Higher Education Assistance Foundation give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Higher Education Assistance Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational Scholarship" (6 grants).
How large is Higher Education Assistance Foundation?
Higher Education Assistance Foundation reported $249K in total assets on its 2025 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF 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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