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.
Key facts about Student Aid Foundation Inc
- EIN
- 58-0612611
- Latest 990 filing
- Form 990-PF, 2023
- Total assets
- $2,789,323
Data from IRS Form 990-PF, 2023; updated September 2026.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$2.8M
+8.6% YoY
Revenue
$70K
-50.8% YoY
Qualifying Distributions
$7K
-88.9% YoY
Expenses
$20K
-83.9% YoY
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.
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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 2023
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2023.
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $2,789,323 | $2,567,271 | $2,543,051 |
| Revenue | $69,999 | $142,191 | $88,997 |
| Expenses | $19,880 | $123,188 | $207,760 |
| Qualifying Distributions | $6,616 | $59,388 | $140,850 |
| Net Investment Income | $56,997 | $78,705 | $43,009 |
| Distributable Amount | $106,686 | $111,185 | $100,776 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
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).
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 September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Student Aid Foundation Inc by hand.
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