The Massillon Educational Loan Foundation
The Massillon Educational Loan Foundation is a private foundation, based in Massillon, OH. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.5M in total assets. In 2025, it made $42K in qualifying distributions. Net investment income was $38K.
The Massillon Educational Loan Foundation at a glance
- Total assets
- $2,472,210
- +8.1% vs 2024
- Revenue (2025)
- $84,745
- +52.9% vs 2024
- Qualifying distributions (2025)
- $41,844
- -33.1% vs 2024
- Expenses (2025)
- $41,844
- -56.1% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Ready to take the next step with The Massillon Educational Loan Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|
| 2025 | $2,472,210 | $84,745 | $41,844 | $41,844 | $38,393 | $87,396 |
| 2024 | $2,285,957 | $55,423 | $95,229 | $62,554 | — | $77,687 |
| 2023 | $2,140,684 | $38,879 | $19,930 | $50,000 | $56,249 | $69,927 |
| 2022 | $2,081,535 | $-8,067 | $28,247 | $40,000 | $45,434 | $72,846 |
| 2021 | $2,270,279 | $62,593 | $32,889 | — | $29,704 | $73,839 |
| 2020 | $2,186,946 | $72,390 | $24,944 | — | $42,135 | $69,388 |
Under IRS private-foundation payout rules, The Massillon Educational Loan Foundation reported a distributable amount of $87K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Massillon Educational Loan Foundation is led by Elizabeth Hersher, President on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Elizabeth Hersher
President
On filings since 2020
1 hr/week
No compensation reported
Amy Andrews Sabino
Secretary
Trustee → Sectetary, 2021
Sectetary → Secretary, 2022
On filings since 2020
1 hr/week
No compensation reported
Marcus Simpson
Co-Treasurer
Trustee → Co-Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
Michelle Burch
Vice President
Trustee → Vice President, 2022
On filings since 2020
1 hr/week
No compensation reported
Renee Parr
Co-Treasurer
Trustee → Co-Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
Former officers (17)
- Former: Barbara Tscholl (2020–2023) — Trustee
- Former: Chrisann Gross (2020–2023) — Trustee
- Former: Glen Weirich (2020–2023) — Trustee
- Former: Kristi Muzi (2020–2023) — Trustee
- Former: Rebecca Craig (2021–2023) — Trustee
- Former: Suzanne Halm (2021–2023) — Trustee
- Former: Mary Jane Fahrney (2022–2023) — Trustee
- Former: Michelle Del Rio-Keller (2022–2023) — Trustee
- Former: Nadine Christie (2022–2023) — Trustee
- Former: Sarah Peterson (2022–2023) — Trustee
- Former: Gary Dietz (2023) — Treasurer
- Former: Beth Winkhart (2020–2021) — Treasurer
- Former: Kathy Schaffner (2020–2021) — Trustee
- Former: Mary Jane Farhney (2020–2021) — Trustee
- Former: Michelle Del Rio Keller (2020–2021) — Trustee
- Former: Robert C. Garver (2020) — Vice President
- Former: Sue Rohr (2020) — Secretary
Data from IRS Form 990 filings, 2020–2025. "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 The Massillon Educational Loan Foundation
How large is The Massillon Educational Loan Foundation?
The Massillon Educational Loan Foundation reported $2.5M in total assets on its 2025 IRS Form 990-PF. It paid out $42K in qualifying distributions that year, against a required minimum of $87K (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 The Massillon Educational Loan Foundation's EIN?
The Massillon Educational Loan Foundation's EIN (Employer Identification Number) is 34-1196801. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 29, 2026)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Ohio
Ohio Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Massillon Educational Loan Foundation's focus areas in our free grants database
Similar Funders
Similar funders in Ohio
Ohio Child Care Resource and Referral Association
Columbus, OH
OCCRRA funds Ohio organizations serving child care, early learning, and youth development, including through program-specific stabilization and access grants. Its 2025 grants ranged from $6,960 to $50,970, with a median of $30,060. Organizations apply for assistance and are reviewed against program criteria; unsolicited requests are not addressed in the information provided.
Assets
$6.3M
Grants
4
Total Given
$118K
Columbus Foundation
Columbus, OH
The Columbus Foundation supports a broad range of nonprofit work, including arts, education, health, basic needs, neighborhoods, and capacity building, primarily in central Ohio. Its 2024 grants had a median of $21,471, though amounts varied widely. Most grants are directed by donors and aren’t made through an application process, but some specific programs accept applications.
Assets
$2.8B
Grants
1,747
Total Given
$242.7M
The Greater Cincinnati Foundation
Cincinnati, OH
The Greater Cincinnati Foundation funds nonprofits working on education, housing, community and cultural vibrancy, and related regional needs, with responsive grants focused on its eight-county Greater Cincinnati service area. Its 2024 median grant was $20,000, though amounts vary widely; specific opportunities include awards of up to $35,000 for Resilient Communities and up to $450,000 through the Neighborhood Development Fund. It lists RFP and letter-of-intent opportunities but does not state whether it accepts unsolicited requests.
Assets
$1.0B
Grants
1,408
Total Given
$184.4M
The Cleveland Foundation
Cleveland, OH
The Cleveland Foundation funds education, human services, neighborhoods and housing, health, arts and culture, the environment, economic development, and other community priorities, primarily through grants to nonprofits in Cuyahoga, Lake and Geauga counties. Its 2024 grants ranged from about $5,000 to $17.5 million, with a median of about $30,700. It accepts applications year-round through its standard grant process, with deadlines determining which cycle an application enters.
Assets
$3.3B
Grants
1,016
Total Given
$184.2M
The Scripps Howard Foundation
Cincinnati, OH
The foundation supports journalism education and related programs that foster informed, engaged communities, including journalism fellowships and environmental and technology-focused journalism initiatives. In 2024, grants ranged from $25 to $675,706, with a median of $1,250; funding was concentrated in Maryland and Washington, D.C., followed by Arizona, Ohio, and Colorado. The profile does not state whether it accepts unsolicited requests.
Assets
$69.4M
Grants
819
Total Given
$7.4M
Nisource Charitable Foundation
Columbus, OH
The NiSource Charitable Foundation supports nonprofits addressing safety, workforce and economic development, environmental stewardship, STEM and energy education, and basic needs in communities across Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. Its 2024 grants ranged from $60 to $2.1 million, with a median of $3,000. The filing directs applicants to contact the Foundation for application materials and deadlines; it does not state whether unsolicited requests are accepted.
Assets
$43.0M
Grants
683
Total Given
$7.5M
More similar funders
More Funders in Ohio
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Massillon Educational Loan Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Massillon Educational Loan Foundation down — hundreds of funders to go?