Jewell Educational Fund
Jewell Educational Fund provides operational support to baker college or any of its subsidiaries for funding the following: scholarships for academically qualified students and students with demonstrated financial need, capital improvements, educationally related projects of the college or subsidiaries, research and training by the college's faculty, participation in joint ventures with other educational organizations and for the college's community purposes.
Jewell Educational Fund at a glance
In short: Jewell Educational Fund gave $8.2M across 7 grants in 2025 (avg $1.2M), mostly in Michigan. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $8,203,646
- +28.3% vs 2024
- Grants made (2025)
- 7
- +0.0% vs 2024
- Average grant
- $1,171,949
- +28.3% vs 2024
- Median grant
- $439,127
- Total assets
- $425,780,643
- +5.1% vs 2024
- Primary geography
- Michigan (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Jewell Educational Fund funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Baker Online ($5.2M). Together the top 7 received $8.2M.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was in the $500K–1M range: 11 grants of 35 (31%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Jewell Educational Fund gives
- Giving held roughly steady from 2022 to 2025 (+10%). 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 $6.4M (2023) to $8.9M (2021). In 2025 it made 7 grants totaling $8.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Baker Online Owosso, MI | Operations/Scholarships | $5,192,270 |
| Baker of Muskegon Muskegon, MI | Operations/Scholarships | $950,732 |
| Baker of Owosso Owosso, MI | Operations/Scholarships | $893,705 |
| Baker of Royal Oak Royal Oak, MI | Operations/Scholarships | $439,127 |
| Baker of Port Huron Port Huron, MI | Operations/Scholarships | $287,872 |
| Baker of Cadillac Cadillac, MI | Operations/Scholarships | $267,542 |
| Baker of Jackson Jackson, MI | Operations/Scholarships | $172,398 |
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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 | $425,780,643 | $26,759,291 | $9,870,220 | $8,203,646 | 7 | $26,759,291 |
| 2024 | $405,269,502 | $13,385,243 | $7,394,851 | $6,396,035 | 7 | $13,385,243 |
| 2023 | $362,332,794 | $13,698,138 | $7,342,030 | $6,374,873 | 7 | $13,698,138 |
| 2022 | $349,055,428 | $22,937,183 | $9,004,632 | $7,429,468 | 7 | $22,937,183 |
| 2021 | $398,993,901 | $18,985,075 | $9,515,944 | $8,910,042 | 7 | $18,982,391 |
| 2020 | $339,314,495 | $9,831,032 | $9,068,933 | $8,513,584 | 10 | $9,830,992 |
About Jewell Educational Fund
Based on IRS filings
Jewell Educational Fund is a public charity focused on Education, based in Owosso, MI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $425.8M in total assets. In 2025, it awarded 7 grants totaling $8.2M. Net investment income was $26.8M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Jewell Educational Fund is led by Bart Daig, Former Board of Regents, President CEO & Trustee since 2023 (on filings since 2020); none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bart Daig
Former Board of Regents, President CEO & Trustee
Board of Regents, President & Trustee → Board of Regents, President CEO & Trustee, 2022
Board of Regents, President CEO & Trustee → Former Board of Regents, President CEO & Trustee, 2023
On filings since 2020
No compensation reported
Jacqueline Spicer
President, CEO & Board of Regents
COO → COO & Board of Regents, 2022
COO & Board of Regents → President, CEO & Board of Regents, 2023
On filings since 2020
1 hr/week
No compensation reported
Denise Bannan
Senior Associate, Trustee, Board of Regents & Secretary
Hlc Accreditation Liaison Officer → Senior Associate, Trustee, Board of Regents & Chairperson, 2022
Senior Associate, Trustee, Board of Regents & Chairperson → Senior Associate, Trustee, Board of Regents & Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
Susan Ebeling
Trustee & Board of Regents
On filings since 2020
1 hr/week
No compensation reported
James Martin
Board of Regents
On filings since 2020
1 hr/week
No compensation reported
Michael Moore
Treasurer, Controller & Board of Regents
Treasurer & Controller → Secretary, Treasurer & Controller, 2022
Secretary, Treasurer & Controller → Treasurer, Controller & Board of Regents, 2023
On filings since 2020
1 hr/week
No compensation reported
Paul Schluckebier
Board of Regents
On filings since 2020
1 hr/week
No compensation reported
Nathan Davidson
Board of Regents
On filings since 2023
1 hr/week
No compensation reported
Former officers (2)
- Former: F. James Cummins (2020–2023) — Former Board of Regents, Chairperson & Trustee
- Former: Wayne Schaeffer (2020) — Board of Regents
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 Jewell Educational Fund
How much does Jewell Educational Fund give each year?
Jewell Educational Fund gave $8.2M across 7 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $6.4M across 7 grants.
What is Jewell Educational Fund's typical grant size?
Jewell Educational Fund's median grant in 2025 was $439,127, and its average grant was $1,171,949, across 7 grants on its 2025 IRS Form 990.
Where does Jewell Educational Fund give grants?
Jewell Educational Fund gives mostly in Michigan: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Owosso, MI (2 grants).
Does Jewell Educational Fund give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Jewell Educational Fund's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Operations/Scholarships" (7 grants).
Who are Jewell Educational Fund's largest grantees?
Jewell Educational Fund's largest 2025 grantees include Baker Online ($5,192,270), Baker of Muskegon ($950,732) and Baker of Owosso ($893,705), according to its 2025 IRS Form 990. Together they received 86% of its itemized 2025 grant dollars.
How large is Jewell Educational Fund?
Jewell Educational Fund reported $425.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $26.8M.
What is Jewell Educational Fund?
Jewell Educational Fund is a public charity focused on Education, based in Owosso, MI. It holds $425.8M in total assets as of 2025.
What is Jewell Educational Fund's EIN?
Jewell Educational Fund's EIN (Employer Identification Number) is 38-2958545. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS June 22, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 29, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS June 25, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 8, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS June 23, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Jewell Educational Fund funds
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