Higher Education Assistance Foundation
WESTBROOK, ME EIN: 01-0265587
Financial Overview
From 2025 IRS Form 990-PF
Total Assets
$249K
-2.8% YoY
Annual Giving
$14K
-2.8% YoY
Grant Count
7
-41.7% YoY
Avg Grant Size
$2K
+66.7% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $249,254 | $256,431 | $266,207 |
| Revenue | $8,609 | $6,551 | $4,757 |
| Expenses | $15,786 | $16,327 | $11,671 |
| Qualifying Distributions | $14,891 | $15,472 | $10,834 |
| Net Investment Income | $7,794 | $5,751 | $3,957 |
| Distributable Amount | $12,059 | $12,576 | $13,087 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
Grant Size Distribution
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Higher Education Assistance Foundation fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Neil Kiely | Chair | 1 | — |
| Daniel Walsh | Vice Chairman | 1 | — |
| Lawrence L Barker | Immediate Past Chair/Director | 1 | — |
| Jim Roche | President | 1 | — |
| Stephen deCastro | Director | 1 | — |
| Anthony Disotto | Director | 1 | — |
| Glenn Hutchinson | Director | 1 | — |
| Mark Jones | Director | 1 | — |
| Alexander Meagher | Director | 1 | — |
| Tony McKim | Director | 1 | — |
| Curt Paterson | Director | 1 | — |
| Timothy Thompson | Director | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Maine $79K (100%)
States
Cities
AuburnAugustaBangorBiddefordCalaisFairfieldFarmingtonFort KentGorhamMachiasOronoPresque IsleSouth PortlandStandishWatervilleWells
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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