Student Aid Foundation Inc
Student Aid Foundation Inc is a private foundation, based in Atlanta, GA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $2.8M in total assets. In 2023, it made $7K in qualifying distributions. Net investment income was $57K.
Student Aid Foundation Inc at a glance
- Total assets
- $2,789,323
- +8.6% vs 2022
- Revenue (2023)
- $69,999
- -50.8% vs 2022
- Qualifying distributions (2023)
- $6,616
- -88.9% vs 2022
- Expenses (2023)
- $19,880
- -83.9% vs 2022
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|
| 2023 | $2,789,323 | $69,999 | $19,880 | $6,616 | $56,997 | $106,686 |
| 2022 | $2,567,271 | $142,191 | $123,188 | $59,388 | $78,705 | $111,185 |
| 2021 | $2,543,051 | $88,997 | $207,760 | $140,850 | $43,009 | $100,776 |
| 2020 | $2,643,226 | $101,886 | $115,066 | — | $38,857 | $84,683 |
Under IRS private-foundation payout rules, Student Aid Foundation Inc reported a distributable amount of $107K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Student Aid Foundation Inc is led by Joni Towles, President & CEO since 2021 (on filings since 2020); none of the 4 officers listed in 2023 report compensation.
Officers on the 2023 filing
Joni Towles
President & CEO
Director → President & CEO, 2021
On filings since 2020
3 hrs/week
No compensation reported
Henry Grady III
President
Treasurer → President, 2023
On filings since 2020
3 hrs/week
No compensation reported
Sarah Ernst
Director
On filings since 2020
3 hrs/week
No compensation reported
John F Oglesby
Treasurer
President → Director, 2021
Director → Treasurer, 2023
On filings since 2020
3 hrs/week
No compensation reported
Former officers (8)
- Former: Claire Griffith (2020–2022) — Director
- Former: Elizabeth Hale (2020–2022) — Director
- Former: Ginger Jeffries (2020–2022) — Director
- Former: Ginger Sundberg (2020–2022) — Foundation Manager
- Former: Laura Warren (2020–2022) — Secretary
- Former: Marjorie Mitchell (2020–2022) — Director
- Former: Peter Rooney (2020–2022) — Director
- Former: Timothy A Vanderver III (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2023. "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 Student Aid Foundation Inc
How large is Student Aid Foundation Inc?
Student Aid Foundation Inc reported $2.8M in total assets on its 2023 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $107K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Student Aid Foundation Inc's EIN?
Student Aid Foundation Inc's EIN (Employer Identification Number) is 58-0612611. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
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Student Aid Foundation Inc down — hundreds of funders to go?