Institute for Study Abroad Inc
Institute for Study Abroad Inc is an Indianapolis, Indiana-based public charity that provides study abroad programs and student financial assistance. Founded in 1988, IFSA says it offers programs in 18 countries and provides culturally rich learning experiences intended to help students develop critical perspectives, knowledge, and skills.
Institute for Study Abroad Inc at a glance
- Total assets
- $25,434,883
- +18.1% vs 2024
- Revenue (2025)
- $48,945,994
- +3.2% vs 2024
- Net investment income (2025)
- $610,912
- +54.4% vs 2024
- Expenses (2025)
- $45,749,238
- +2.8% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to Institute for Study Abroad Inc
- Contact
Mailing address: 6201 Corporate Drive Suite 200, Indianapolis, IN 46278
Phone: (317) 940-4239
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
2 open opportunities from Institute for Study Abroad Inc
Who Institute for Study Abroad Inc funds
Geographic Focus
Where this funder awards grants
IFSA says it delivers study abroad programs in 18 countries. The 2020 grants listed went to institutions in New York, Indiana, North Carolina, Pennsylvania, Connecticut, Louisiana, Georgia, and Colorado. The Summer & Fall 2026 Travel Grant specifies that eligible students must attend a college in the United States or Canada.
States
Cities
How Institute for Study Abroad Inc gives
- 86% of 2020 grantees were also funded in 2019. Method
Estimate from itemized grant lists in IRS Form 990 filings (2020). 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 2019 to 2020, annual grant giving ranged from $423K (2019) to $517K (2020). In 2020 it made 14 grants totaling $517K.
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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 | $25,434,883 | $48,945,994 | $45,749,238 | — | — | $610,912 |
| 2024 | $21,535,622 | $47,412,692 | $44,509,426 | — | — | $395,611 |
| 2023 | $20,227,790 | $33,776,906 | $31,911,256 | — | — | $130,403 |
| 2022 | $13,951,324 | $21,026,322 | $22,896,695 | — | — | $-692,644 |
| 2021 | $14,665,422 | $2,694,073 | $8,108,223 | — | — | $40,374 |
| 2020 | $19,569,076 | $40,084,059 | $39,568,818 | $516,615 | 14 | $-1,750,813 |
| 2019 | $22,705,735 | $43,727,192 | $42,791,902 | $422,645 | 14 | $335,967 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
IFSA’s stated mission is to provide culturally rich study abroad programs designed to help students foster critical perspectives, knowledge, and skills. The organization says its programs may include transportation, housing, some meals, orientation, university classes, and trips. Its website also emphasizes inclusive excellence and expanding access to study abroad.
The 2020 grants listed in the available information went to colleges and universities. Their missions, as described by the grantees, included Colgate University Alumni Corporation’s aim to promote alumni engagement and service supporting Colgate and its global community, and Butler University’s focus on equity, academic excellence, and collaborative learning. Other recipients included Wake Forest University, Franklin & Marshall College, Connecticut College, Tulane University, Emory University, and the University of Denver.
Grantmaking
The IRS filing data reports zero grants in 2023, 2024, and 2025. The available 2020 grant listing includes $77,750 to The Colgate University, $69,650 to Butler University, $51,000 to Wake Forest University, $44,250 to Franklin & Marshall College, $43,500 to Connecticut College, $40,000 to The Administrators of the Tulane Educational Fund, $31,000 to Emory University, and $22,015 to the University of Denver. These are examples from the provided 2020 list, not a stated typical grant size.
IFSA also describes scholarships and grants for students participating in its own study abroad programs. Its Summer & Fall 2026 Travel Grant is an ongoing sweepstakes for 20 awards of $1,000 each; the summer awards have concluded, while the listing includes awards for Fall 2026 programs. Awards are credited to an IFSA student account for IFSA program costs and cannot be paid in cash or transferred to a non-IFSA program or another person. The listed eligibility includes undergraduate students in good academic and disciplinary standing at U.S. or Canadian colleges, among other requirements. IFSA’s scholarship page says students can select scholarships when starting an IFSA application in the student portal; the First-Generation Scholarship requires a separate application. The Fund for Education Abroad Spring 2021 Access Scholarship is a past cycle.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Marsha Volk Bugalla as chairman and director and Amir Reza as secretary and director. It also lists Aaron Bruce, Alma Clayton-Pedersen, Carol Lebold, David Hilborn, Gary Butkus, Holly Hudson, Kristopher Lichter, and Levester Johnson as directors.
Institute for Study Abroad Inc is led by Heather Barclay Hamir, President & CEO on every filing since 2019; 8 of 22 officers listed in 2025 are compensated.
Officers on the 2025 filing
Heather Barclay Hamir
President & CEO
On filings since 2019
40 hrs/week
$297K (2019) → $385K (2025)
Marsha Volk Bugalla
Chairman & Director
On filings since 2019
2 hrs/week
$4K (2019) → $0 (2025)
Alma Clayton-Pedersen
Director
On filings since 2019
2 hrs/week
$2K (2020) → $0 (2025)
Carol Lebold
Director
On filings since 2019
2 hrs/week
$3K (2019) → $0 (2025)
Christopher Kupiainen
Director of Information Technology
Director of Information Technology → Director of Information Te, 2021
Director of Information Te → Director of Information Technology, 2024
On filings since 2019
40 hrs/week
$147K (2019) → $142K (2025)
David Hilborn
Director
On filings since 2019
2 hrs/week
$3K (2019) → $0 (2025)
Gary Butkus
Director
On filings since 2019
2 hrs/week
$3K (2019) → $0 (2025)
Levester Johnson
Director
On filings since 2019
2 hrs/week
$2K (2020) → $0 (2025)
Marisol Sanchez
Director
On filings since 2019
2 hrs/week
$3K (2019) → $0 (2025)
Michele Cook
Senior Director of Finance
On filings since 2024
40 hrs/week
$119K (2024) → $122K (2025)
Aaron Bruce
Director
On filings since 2022
2 hrs/week
No compensation reported
Amir Reza
Secretary & Director
Director → Secretary & Director, 2024
On filings since 2022
2 hrs/week
No compensation reported
Michael Goodman
Director
On filings since 2022
2 hrs/week
No compensation reported
Patricia Pryor
Director
On filings since 2022
2 hrs/week
No compensation reported
Scott Wilson
Director
On filings since 2022
2 hrs/week
No compensation reported
Holly Hudson
Director
On filings since 2024
2 hrs/week
No compensation reported
Kristopher Lichter
Director
On filings since 2024
2 hrs/week
No compensation reported
Eric Harton
Vice President & CFO
CFO → Vice President & CFO, 2024
On filings since 2019
40 hrs/week
$196K (2019) → $229K (2025)
Brenda Majeski
Vice President for Engagement & Marketing
Vice President of Marketing → Vice President for Engagement & Marketing, 2024
On filings since 2022
40 hrs/week
$104K (2022) → $200K (2025)
Jessica Auxier
Associate Vice President & Human Resources
On filings since 2024
40 hrs/week
$105K (2024) → $130K (2025)
John Kusovski
Associate Vice President, Web & Digital Marketing
On filings since 2024
40 hrs/week
$127K (2024) → $132K (2025)
Wayne James
Associate Vice President & Partner Engagement
On filings since 2024
40 hrs/week
$129K (2024) → $136K (2025)
Former officers (17)
- Former: David Gray (2019–2023) — Director
- Former: Jan Kieling (2019–2023) — Secretary & Director
- Former: Kris Lichter (2019–2023) — Director
- Former: Michele Decker-Newman (2019–2023) — Director of Finance
- Former: Adrian Beaulieu (2019–2021) — Director
- Former: Scott Manning (2019–2021) — Director
- Former: Sy Nagorsky (2019–2021) — Director
- Former: Victoria Wolfe Bender (2019–2021) — Vice President University Relations & Marketing
- Former: Cori Filson (2021) — Director
- Former: Jonathan Ferguson (2019–2020) — Assistant Vice President Program Development
- Former: Ericka Ryser (2020) — Director of Student Health & Wellness
- Former: Kyle Wenger (2020) — Director
- Former: Maritheresa Frain (2020) — Vice President for Program Management & Development
- Former: Don Meyer (2019) — Chairman & Director
- Former: George Lauck (2019) — Director
- Former: Shannon Cates (2019) — Vice President for Program Management & Development
- Former: Thomas Roberts (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "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 $385K, to Heather Barclay Hamir (President and CEO). 8 officers or directors reported compensation on that filing.
Frequently asked questions about Institute for Study Abroad Inc
How large is Institute for Study Abroad Inc?
Institute for Study Abroad Inc reported $25.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $48.9M.
What does Institute for Study Abroad Inc fund?
IFSA’s stated mission is to provide culturally rich study abroad programs designed to help students foster critical perspectives, knowledge, and skills. The organization says its programs may include transportation, housing, some meals, orientation, university classes, and trips. See mission & focus areas ↑
How do I apply for a grant from Institute for Study Abroad Inc?
Institute for Study Abroad Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
Where does Institute for Study Abroad Inc make grants?
IFSA says it delivers study abroad programs in 18 countries. The 2020 grants listed went to institutions in New York, Indiana, North Carolina, Pennsylvania, Connecticut, Louisiana, Georgia, and Colorado. The Summer & Fall 2026 Travel Grant specifies that eligible students must attend a college in the United States or Canada.
What is Institute for Study Abroad Inc's EIN?
Institute for Study Abroad Inc's EIN (Employer Identification Number) is 62-1355896. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS April 23, 2021)
- Added Form 990 for fiscal year 2019 (received by the IRS March 30, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS April 30, 2026)
- IRS filings on file for fiscal years 2020–2024
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