Massachusetts Higher Education Assistance Corporation
Massachusetts Higher Education Assistance Corporation (MHEAC), based in Boston, Massachusetts, is a public charity formed in 1956. Its filing describes work to advance access to and participation in higher education, including guaranteeing student loans and helping students explore education and career pathways.
Massachusetts Higher Education Assistance Corporation at a glance
In short: Massachusetts Higher Education Assistance Corporation gave $20.3M across 50 grants in 2024 (avg $407K), top state Massachusetts. 56% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $20,334,403
- +152.9% vs 2023
- Grants made (2024)
- 50
- +85.2% vs 2023
- Average grant
- $406,688
- +36.5% vs 2023
- Median grant
- $157,500
- Total assets
- $1,113,821,909
- +6.6% vs 2023
- New grantees (estimate)
- 56% first-time grantees (28 of 50, 2024)
- Primary geography
- Massachusetts (32% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Massachusetts Higher Education Assistance Corporation
- Contact
Mailing address: 33 Arch Street 2100, Boston, MA 02110
Phone: (800) 999-9080
Website: https://asa.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Massachusetts Higher Education Assistance Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Jobs for the Future Inc ($5.0M). Together the top 10 received $14.4M.
Grant Size Distribution
179 grants across all recorded years
The most common grant size was in the $100–250K range: 61 grants of 179 (34%).
Geographic Focus
Where this funder awards grants
For 2024 grant dollars, the largest recipient-state shares listed were Massachusetts at 32%, New York at 26%, and the District of Columbia at 10%. Colorado and Rhode Island each accounted for 3%.
Grant Distribution by State
Share of 2024 grant dollars across all 50 itemized grants.
States
Cities
Is Massachusetts Higher Education Assistance Corporation open to new grantees?
56%
first-time grantees, 2024
In 2024, 28 of 50 grantees (56%) were first-time recipients. First grants averaged $208K; repeat grants $660K. How we count
Medians: $124K first-time, $200K 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 $5.5M (2020) to $20.3M (2024). In 2024 it made 50 grants totaling $20.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jobs for the Future Inc Boston, MA | Postsecondary Pathways | $5,000,000 |
| Network for Teaching Entrepreneurship New York, NY | Skill-Building/Social Capital | $4,448,985 |
| New Venture Fund Washington, DC | Career Exploration | $1,500,000 |
| Big Picture Learning Providence, RI | Digital Innovation | $600,000 |
| Caps Network Inc Overland Park, KS | Work-Based Learning | $527,000 |
| Rodel Foundation of Delaware Wilmington, DE | Career Exploration | $500,000 |
| Spark NC Kure Beach, NC | Work-Based Learning | $500,000 |
| US Chamber of Commerce Foundation Washington, DC | Digital Innovation | $500,000 |
| America Succeeds Denver, CO | Skill-Building/Social Capital | $450,000 |
| NAF New York, NY | Work-Based Learning | $400,000 |
Ready to take the next step with Massachusetts Higher Education Assistance Corporation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,113,821,909 | $153,640,929 | $114,855,624 | $20,334,403 | 50 | $77,184,436 |
| 2023 | $1,045,185,472 | $113,123,004 | $95,095,168 | $8,041,666 | 27 | $27,481,673 |
| 2022 | $945,178,364 | $81,920,356 | $69,303,434 | $6,151,667 | 19 | $-8,234,020 |
| 2021 | $1,090,709,677 | $124,087,298 | $79,908,993 | $11,366,196 | 22 | $21,653,256 |
| 2020 | $828,363,737 | $83,119,077 | $70,563,660 | $5,493,401 | 61 | $12,889,003 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
MHEAC states that its primary exempt purpose is to provide access to and conduct activities in furtherance of higher education. Its filing says it continues to act as a guarantor of student loans made by lenders under the federal Higher Education Act of 1965 and also supports students exploring alternative education pathways. The filing describes activities to help young people explore options, experiment through hands-on opportunities, and plan toward their education and career goals.
Britebound’s website says its giving supports career exploration, work-based learning and other experiential activities, and programs that help young people navigate education and career pathways after high school. It describes interest in reaching young people facing systemic barriers to career readiness.
The grantees’ own descriptions show support for a range of organizations. Jobs for the Future says it works to transform education and workforce systems to advance economic success. The Network for Teaching Entrepreneurship describes providing entrepreneurship education to middle- and high-school students from under-resourced communities, as well as college students and adult learners. Big Picture Learning describes its work as promoting student-driven, real-world learning. CAPS Network says its members use profession-based learning to prepare students for career and postsecondary steps.
Grantmaking
In filing year 2024, MHEAC reported 50 grants totaling $20,334,403. Individual grants ranged from $15,000 to $5,000,000, with a median of $157,500. The largest awards included $5,000,000 to Jobs for the Future for postsecondary pathways; $4,448,985 to the Network for Teaching Entrepreneurship for skill-building and social capital; and $1,500,000 to New Venture Fund for career exploration.
Other notable 2024 grants included $600,000 to Big Picture Learning for digital innovation; $527,000 to CAPS Network for work-based learning; $500,000 each to Rodel Foundation of Delaware for career exploration, Spark NC for work-based learning, and the US Chamber of Commerce Foundation for digital innovation; and $450,000 to America Succeeds for skill-building and social capital.
The filing says grant funding is documented in written agreements that set out the grant purpose and eligibility criteria. It also says the organization requires periodic reports and conducts random reviews of grantees. Britebound’s website describes a 2025 grant cycle; that cycle is in the past.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jean Eddy as president, CEO, and director. Directors listed include Alex Rappaport; Carla Thompson, chair of impact investing; Carol Fulp, chair of compensation; Thomas Graf, chair of the investment committee; Ken Jones, chair of the audit committee; Lawrence H. Gennari, chair of the board; Daniel Acheampong; Margaret Ng; and Stephanie Crimmins.
Massachusetts Higher Education Assistance Corporation is led by Jean Eddy, President, CEO & Director since 2022 (on filings since 2020); 24 of 25 officers listed in 2024 are compensated.
Officers on the 2024 filing
Jean Eddy
President, CEO & Director
President & CEO → President, CEO & Director, 2022
On filings since 2020
40 hrs/week
$700K (2020) → $543K (2024)
Carla Thompson
Director & Chair of Impact Investing
Director → Director & Chair of Impact Investing, 2022
On filings since 2020
1 hr/week
$25K (2020) → $61K (2024)
Carol Fulp
Director & Chair of Compensation
Director, Chair of Compensation & Vice Chair of Board → Director, Chair of Compensation & Vice, 2021
Director, Chair of Compensation & Vice → Director & Chair of Compensation, 2023
On filings since 2020
1 hr/week
$63K (2020) → $71K (2024)
Ken Jones
Director & Chair of Audit Committee
On filings since 2020
2 hrs/week
$53K (2020) → $61K (2024)
Lawrence H. Gennari
Director, Chair of Board & Chair
On filings since 2020
4 hrs/week
$68K (2020) → $79K (2024)
Thomas Graf
Director & Chair of Inv Committee
Director & Chair of Inv. Cmte → Director & Chair of Inv Committee, 2021
On filings since 2020
1 hr/week
$53K (2020) → $53K (2024)
Alex Rappaport
Director
On filings since 2020
1 hr/week
$25K (2020) → $50K (2024)
Stephanie Crimmins
Director
Director → Director & Chair of Alt Investment, 2021
Director & Chair of Alt Investment → Director, 2022
On filings since 2020
1 hr/week
$50K (2020) → $50K (2024)
Andrew Dyke
Senior Director of Technology
Director of Technology → Senior Director of Technology, 2022
On filings since 2021
40 hrs/week
$191K (2021) → $240K (2024)
Daniel Acheampong
Director
On filings since 2023
1 hr/week
$13K (2023) → $38K (2024)
Margaret Ng
Director
On filings since 2023
1 hr/week
$13K (2023) → $50K (2024)
Jd Larock
Director
New on the 2024 filing
1 hr/week
No compensation reported
Alisa Wilke
Senior Vice President Product Operations
Vice President Strategy & Innovations → Senior Vice President Product Development, 2022
Senior Vice President Product Development → Senior Vice President Product Operations, 2024
On filings since 2020
40 hrs/week
$294K (2020) → $268K (2024)
Barbara Matez
Executive Vice President & CFO
On filings since 2020
40 hrs/week
$426K (2020) → $242K (2024)
Clay Colarusso
CMO & Senior Vice President Digital Strategy
CMO Senior Vice President of Digital Marketing Strategy → CMO Senior Vice President of Digital Marketing Stratergy, 2021
CMO Senior Vice President of Digital Marketing Stratergy → CMO & Senior Vice President Digital Strategy, 2022
On filings since 2020
40 hrs/week
$286K (2020) → $298K (2024)
John Christopher Sheehan
Vice President & General Counsel
On filings since 2020
40 hrs/week
$329K (2020) → $298K (2024)
Judy Goldstein
Senior Vice President Public Relations Communications
Vice President Strategic Partnership & Planning → Senior Vice President Public Relations Communications & Planning, 2021
Senior Vice President Public Relations Communications & Planning → Senior Vice President Public Relations Communications, 2022
On filings since 2020
40 hrs/week
$294K (2020) → $256K (2024)
Julie Lammers
Senior Vice President Advocacy & Corp Resp
Senior Vice President Govt. Relations & Advocacy → Senior Vice President Advocacy Corp Resp, 2022
Senior Vice President Advocacy Corp Resp → Senior Vice President Advocacy & Corp Resp, 2024
On filings since 2020
40 hrs/week
$280K (2020) → $259K (2024)
Alan White
Vice President, Research & Data Analytics
Senior Director Str Res Data Analy → Senior Director Str Res Data Analysis, 2023
Senior Director Str Res Data Analysis → Vice President, Research & Data Analytics, 2024
On filings since 2021
40 hrs/week
$152K (2021) → $198K (2024)
Angeline L. Castera
COO & Chief People Officer
Chief People Officer → COO & Chief People Officer, 2024
On filings since 2022
40 hrs/week
$149K (2022) → $314K (2024)
Cameron F. Logan PhD
Vice President of Technology
On filings since 2022
40 hrs/week
$244K (2022) → $282K (2024)
James G. Smith
Vice President of Marketing
On filings since 2022
40 hrs/week
$256K (2022) → $218K (2024)
Kyle G. Morin
Vice President Head of Finance
Vice President Investment & Financial Analysis → Vice President & Head of Finance, 2023
Vice President & Head of Finance → Vice President Head of Finance, 2024
On filings since 2022
40 hrs/week
$155K (2022) → $245K (2024)
Rilwan Meeran
Vice President Mission Impact Investing
Vice President Mission Impact Investments → Vice President Mission Impact Investment, 2023
Vice President Mission Impact Investment → Vice President Mission Impact Investing, 2024
On filings since 2022
40 hrs/week
$439K (2022) → $328K (2024)
Robin M. Gilbert
Vice President, People & Culture
New on the 2024 filing
40 hrs/week
$201K (2024)
Former officers (18)
- Former: Emily McCann (2020–2023) — Director
- Former: Patty Diaz-Andrade (2020–2023) — Director
- Former: Carmela Caplain (2021–2023) — Vice President of Finance
- Former: Michael D. Grant (2021–2023) — Senior Director of Finanace
- Former: Lee Waldvogel (2022–2023) — Senior Program Director Partners
- Former: Sandy Dawkins (2022–2023) — Pmo Program Director
- Former: Annabel Cellini (2020–2022) — Former Chief Strategy Officer
- Former: Peter Segall (2020–2022) — Director
- Former: Anna M. Singer (2022) — Director Compensation & Benefits
- Former: Daniel Scott (2020–2021) — Director Corp. Finance
- Former: Varda Halidy (2020–2021) — Vice President & Human Resources
- Former: Kristen Burns Munevar (2021) — Creative Director
- Former: Alan Braverman (2020) — M.d. Human Resources · Filing note: Until 3620
- Former: Candice Perodeau (2020) — Director of Public Relations
- Former: Cesare Grieci (2020) — S.m. Human Resources · Filing note: Until 123120
- Former: David Snow (2020) — M.d. Strategic Alliances · Filing note: Until 82120
- Former: Matthew Jarvinen (2020) — Principal Sys Architect · Filing note: Until 12/2020
- Former: Neeta Kotecha (2020) — Controller · Filing note: Until 8620
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 $543K, to Jean Eddy (President/CEO/Director). 24 officers or directors reported compensation on that filing.
Frequently asked questions about Massachusetts Higher Education Assistance Corporation
How much does Massachusetts Higher Education Assistance Corporation give each year?
Massachusetts Higher Education Assistance Corporation gave $20.3M across 50 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $8.0M across 27 grants.
What is Massachusetts Higher Education Assistance Corporation's typical grant size?
Massachusetts Higher Education Assistance Corporation's median grant in 2024 was $157,500, and its average grant was $406,688, across 50 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Massachusetts Higher Education Assistance Corporation that year got $208K on average.
Where does Massachusetts Higher Education Assistance Corporation give grants?
Massachusetts Higher Education Assistance Corporation's top state is Massachusetts, with 32% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were New York (26%) and District of Columbia (10%). The most frequent recipient cities were Boston, MA (6 grants), New York, NY (4 grants), Washington, DC (2 grants) and Denver, CO (2 grants).
Does Massachusetts Higher Education Assistance Corporation give general operating support?
Not in 2024: none of the 50 grants with a stated purpose on Massachusetts Higher Education Assistance Corporation's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Career Exploration" (14 grants), "Work-Based Learning" (13 grants) and "Skill-Building/Social Capital" (9 grants).
Who are Massachusetts Higher Education Assistance Corporation's largest grantees?
Massachusetts Higher Education Assistance Corporation's largest 2024 grantees include Jobs for the Future Inc ($5,000,000), Network for Teaching Entrepreneurship ($4,448,985) and New Venture Fund ($1,500,000), according to its 2024 IRS Form 990. Together they received 54% of its itemized 2024 grant dollars.
How large is Massachusetts Higher Education Assistance Corporation?
Massachusetts Higher Education Assistance Corporation reported $1.1B in total assets on its 2024 IRS Form 990. Its revenue that year was $153.6M.
What does Massachusetts Higher Education Assistance Corporation fund?
MHEAC states that its primary exempt purpose is to provide access to and conduct activities in furtherance of higher education. See mission & focus areas ↑
How do I apply for a grant from Massachusetts Higher Education Assistance Corporation?
Massachusetts Higher Education Assistance Corporation has no public application process in the sources Grantable reviewed. Check asa.org for current guidelines, or contact the foundation directly before submitting a request.
What is Massachusetts Higher Education Assistance Corporation's EIN?
Massachusetts Higher Education Assistance Corporation's EIN (Employer Identification Number) is 04-2254705. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 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 1, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 2, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 11, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Massachusetts
Massachusetts Open opportunities, soonest deadline first.
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Browse active grant opportunities in Massachusetts Higher Education Assistance Corporation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Massachusetts Higher Education Assistance Corporation funder profile. GrantGraph. Retrieved October 21, 2026, from https://grantable.co/funders/massachusetts-higher-education-assistance-corporation-morg_ef8ce8ab064841e9848ccab2ebd4e912
BibTeX
@misc{grantable_042254705_2026,
author = {{Grantable}},
title = {{Massachusetts Higher Education Assistance Corporation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/massachusetts-higher-education-assistance-corporation-morg_ef8ce8ab064841e9848ccab2ebd4e912},
note = {Accessed 2026-10-21. 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 Massachusetts Higher Education Assistance Corporation'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.
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