Mississippi Higher Education Assistance Corporation
Secondary Market for Student Loans, Approximately 4,972 clients were served in 2024. The primary source of funds to acquire the student loans was the issuance of tax-exempt bonds and taxable notes. In July 2014, the Corporation amended its Articles of Incorporation expanding its exempt purpose and refinanced its tax-exempt bonds with taxable bonds. The Corporation is the parent of Woodward Hines Education Foundation (WHEF) which provides administrative, staffing and management services to the Corporation. in addition, WHEF provides college planning services to students and parents including college access and financial aid counseling in the state of Mississippi through its three college planning centers.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$98.6M
-15.8% YoY
Annual Giving
$822K
-1.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$822K
-1.0% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $98,577,498 | $117,087,253 | $137,650,117 |
| Revenue | $8,626,790 | $9,781,341 | $7,247,326 |
| Expenses | $7,762,746 | $9,009,973 | $6,296,492 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $649,771 | $619,841 | $275,163 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Debra McGee | Board Member/Board Vice Chair | 1 | — |
| Nathan Slater | Board Member/Board Chair | 1 | — |
| Andrew Mullins | Board Member Through 5/28/24 | 1 | — |
| Camille Young | Board Member | 1 | — |
| Carla Kirkland | Board Member Beg 5/28/24 | 1 | — |
| Cedric Bradley | Board Member | 1 | — |
| David Martin | Board Member | 1 | — |
| Eddie Carlisle | Board Member Through 5/28/24 | 1 | — |
| Errick Simmons | Board Member Beg 5/28/24 | 1 | — |
| Haley Fisackerly | Board Member | 1 | — |
| John Hill | Board Member | 1 | — |
| Michael Cormack | Board Member | 1 | — |
| Mike Highfield | Board Member Beg 5/28/24 | 1 | — |
| Robert Leard | Board Member | 1 | — |
| James McHale | President/CEO | 1 | — |
| Minette Ketchings | COO/Secretary | 1 | — |
| William Alvis | CFO/Treasurer | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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