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.
Mississippi Higher Education Assistance Corporation at a glance
In short: Mississippi Higher Education Assistance Corporation gave $822K across 1 grant in 2024 (avg $822K), mostly in Mississippi. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $822,000
- -1.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $822,000
- -1.0% vs 2023
- Median grant
- $822,000
- Total assets
- $98,577,498
- -15.8% vs 2023
- Primary geography
- Mississippi (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Mississippi Higher Education Assistance Corporation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Woodward Hines Education Foundation ($822K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $434K (2020) to $830K (2023). In 2024 it made 1 grant totaling $822K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Woodward Hines Education Foundation Jackson, MS | General Operations | $822,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $98,577,498 | $8,626,790 | $7,762,746 | $822,000 | 1 | $649,771 |
| 2023 | $117,087,253 | $9,781,341 | $9,009,973 | $830,000 | 1 | $619,841 |
| 2022 | $137,650,117 | $7,247,326 | $6,296,492 | $600,000 | 1 | $275,163 |
| 2021 | $167,450,530 | $7,686,362 | $5,811,312 | — | — | $111,559 |
| 2020 | $186,025,100 | $8,513,203 | $7,410,866 | $434,000 | 1 | $165,095 |
About Mississippi Higher Education Assistance Corporation
Based on IRS filings
Mississippi Higher Education Assistance Corporation is a public charity focused on public and societal benefit, based in Jackson, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $98.6M in total assets. In 2024, it awarded 1 grant totaling $822K. Net investment income was $650K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Mississippi Higher Education Assistance Corporation is led by James E. McHale, President & CEO on every filing since 2020; none of the 17 officers listed in 2024 report compensation.
Officers on the 2024 filing
James E. McHale
President & CEO
On filings since 2020
1 hr/week
No compensation reported
Nathan Slater
Board Member & Board Chair
Board Vice Chair → Board Chair, 2023
Board Chair → Board Member & Board Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Andrew Mullins
Board Member
Director → Board Member, 2024
On filings since 2020
1 hr/week
No compensation reported
Camille Young
Board Member
Director → Board Member, 2024
On filings since 2020
1 hr/week
No compensation reported
David Martin
Board Member
Board Chair → Director, 2021
Director → Board Member, 2024
On filings since 2020
1 hr/week
No compensation reported
Debra McGee
Board Member & Board Vice Chair
Director → Board Vice Chair, 2023
Board Vice Chair → Board Member & Board Vice Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Haley Fisackerly
Board Member
Director → Board Member, 2024
On filings since 2020
1 hr/week
No compensation reported
John F. Hill
Board Member
Board Chair → Director, 2023
Director → Board Member, 2024
On filings since 2020
1 hr/week
No compensation reported
Minette D. Ketchings
COO & Secretary
Director of Operations & Controller → COO & Secretary, 2024
On filings since 2020
1 hr/week
No compensation reported
Robert Leard
Board Member
Director → Board Member, 2024
On filings since 2020
1 hr/week
No compensation reported
William F. Alvis
CFO & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Michael Cormack Jr.
Board Member
Director → Board Member, 2024
On filings since 2021
1 hr/week
No compensation reported
Cedric Bradley
Board Member
Director & Begin → Board Member, 2024
On filings since 2023
1 hr/week
No compensation reported
Carla Kirkland
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Eddie Carlisle
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Errick Simmons
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Mike Highfield
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (3)
- Former: Edward Carlisle (2021–2023) — Director
- Former: W. Stan Pratt (2020–2021) — Director · Filing note: Ended 52521
- Former: Regina Young Hyatt (2021) — Director · Filing note: Ended 11/2021
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.
Frequently asked questions about Mississippi Higher Education Assistance Corporation
How much does Mississippi Higher Education Assistance Corporation give each year?
Mississippi Higher Education Assistance Corporation gave $822K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $830K across 1 grant.
How large is Mississippi Higher Education Assistance Corporation?
Mississippi Higher Education Assistance Corporation reported $98.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $8.6M.
What is Mississippi Higher Education Assistance Corporation?
Mississippi Higher Education Assistance Corporation is a public charity focused on public and societal benefit, based in Jackson, MS. It holds $98.6M in total assets as of 2024.
Where does Mississippi Higher Education Assistance Corporation operate?
Mississippi Higher Education Assistance Corporation has awarded grants in Mississippi.
What is Mississippi Higher Education Assistance Corporation's EIN?
Mississippi Higher Education Assistance Corporation's EIN (Employer Identification Number) is 64-0642776. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 7, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Mississippi Higher Education Assistance Corporation funds
Public, Societal Benefit Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Mississippi Higher Education Assistance Corporation's focus areas in our free grants database
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