The mission of National Merit Scholarship Corporation (NMSC) is to recognize and honor the academically talented students of the United States. NMSC accomplishes its mission by conducting nationwide academic scholarship programs. The enduring goals of NMSC's scholarship programs are: to promote a wider and deeper respect for learning in general and for exceptionally talented individuals in particular; to shine a spotlight on brilliant students and encourage the pursuit of academic excellence at all levels of education; and to stimulate increased support from individuals and organizations that wish to sponsor scholarships for outstanding scholastic talent.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$160.7M
+0.6% YoY
Revenue
$59.1M
+51.1% YoY
Net Investment Income
$26.2M
+465.0% YoY
Expenses
$44.7M
-3.3% YoY
About National Merit Scholarship Corporation
Based on IRS filings
National Merit Scholarship Corporation is a nonprofit organization focused on Education, based in EVANSTON, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $160.7M in total assets. Net investment income was $26.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $160,676,185 | $159,683,845 | $147,223,809 |
| Revenue | $59,091,988 | $39,117,284 | $44,073,587 |
| Expenses | $44,678,909 | $46,187,457 | $46,689,079 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $26,243,284 | $4,644,423 | $7,627,699 |
| 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 0 recipients in 2025
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Timothy E McGuire | President | 50 | $445,234 |
| Frank J Dellaquila | Chairman | 0.5 | — |
| Heidi B Jark | Vice Chairman | 0.5 | — |
| Peter C Jennings | Vice Chairman | 0.5 | — |
| Richard C Benson | Director | 0.5 | — |
| Brad R Carson | Director | 0.5 | — |
| Curley M Dossman Jr | Director | 0.5 | — |
| Diane E Earll | Director | 0.5 | — |
| Colleen M Harsin | Director | 0.5 | — |
| Michael G Johnson | Director | 0.5 | — |
| Erin B Kohl | Director | 0.5 | — |
| Jeremy J Lowe | Director | 0.5 | — |
| Rosemary E Matzl | Director | 0.5 | — |
| Thomas E Pittman | Director | 0.5 | — |
| Mark E Reed | Director | 0.5 | — |
| Charles F Robinson | Director | 0.5 | — |
| Susan T Sadler | Director | 0.5 | — |
| Justin C Walker | Director | 0.5 | — |
| Wendy A Watkins | Director | 0.5 | — |
| Brian P Sinchak | Past Director | 0.5 | — |
| David L Stubblefield | Past Director | 0.5 | — |
| Kamilla L Spoehr | Vice President and Treasurer | 40 | $186,894 |
| Kimberly C Greiner | Vice President | 40 | $137,183 |
| Richard L Sevcik | Corporate Secretary | 0.5 | — |
| Yucheng Yuan | Exec. Director of IT | 40 | $150,520 |
| Sean M MacCready ED of | Scholar & Donor Svcs (until 1/24/25) | 40 | $154,958 |
| Nancy A Bogart | Exec. Dir. of Sponsor Services | 40 | $121,534 |
| Joon K Han | Director of IT | 40 | $117,497 |
| Eileen M Artemakis | Exec. Dir. of Public Information | 40 | $111,020 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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