Grantmaking public charity · EIN 41-1778617
Educational Credit Management Corporation
Minneapolis, MN
Educational Credit Management Corporation is a public charity that makes grants based in Minneapolis, MN. On its Form 990 (Schedule I) for tax year 2024, it reported $178M in grants paid across 572 grants, with $209M in total assets. Its largest grants went to Ecmc Group Inc, Partnership for Education Advancement and Nasfaa.
How to request funding
Its Form 990 lists the grants it made but not how it chooses recipients. Check Educational Credit Management Corporation's website or contact it to ask whether it considers requests.
How it makes and monitors grants (Schedule I, Part IV)
Ecmc group, inc. is the parent of ecmc and exercises oversight of ecmc by providing strategic direction and coordination of programs and services offered by ecmc. ecmc group, inc. authorizes the distribution from ecmc to ecmc group, inc. ecmc and ecmc group, inc. have overlapping boards and the board of ecmc group, inc. monitors the use of grant funds. ecmc exercised expenditure responsibility for fafsa student success awards. the fafsa student success award winners were required to provide ecmc with interim monthly progress reports and a final cumulative written report. the remainder of the grants and assistance to the other organizations listed in part ii are minimal in nature and generally are issued in support of student financial aid conferences and organizations and do not require monitoring. the assistance listed in part iii are funds awarded to individuals to be used toward continuing their education. these are issued jointly payable to the student and the school the student is attending to ensure the funds are used for educational expenses.
Grants as reported on its Form 990 for tax year 2024; the application guidance above is general for this type of funder. Requirements change; confirm with the organization before applying.
Mission
Provides financial counseling and education to empower students to make better choices about their futures.
As stated on its Form 990.
Largest grants, tax year 2024
Historical data · not a prediction| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Ecmc Group Inc | Minneapolis, MN | General Support | $128,892,000 |
| Partnership for Education Advancement | New York, NY | Fafsa Student Support | $4,324,959 |
| Nasfaa | Washington, DC | Fafsa Student Support | $3,323,686 |
| Communities in Schools Inc | Arlington, VA | Fafsa Student Support | $2,582,465 |
| National College Attainment Network | Washington, DC | Fafsa Student Support | $1,748,000 |
| Thurgood Marshall College Fund | Washington, DC | Fafsa Student Support | $1,487,791 |
| Texas Guaranteed Student Loan Corporation | Round Rock, TX | Fafsa Student Support | $1,055,450 |
| The Get Schooled Foundation | Seattle, WA | Fafsa Student Support | $1,000,000 |
| Tennessee Student Assistance Corporation | Nashville, TN | Fafsa Student Support | $1,000,000 |
| United Way Worldwide | Alexandria, VA | Fafsa Student Support | $999,741 |
| College Possible | St Paul, MN | Fafsa Student Support | $931,118 |
| Illinois Student Assistance Commission | Deerfield, IL | Fafsa Student Support | $914,258 |
| Edquity Inc | Brookyln, NY | Outreach & Financial Literacy, Project Success | $787,213 |
| Kentucky Higher Education Assistance Authority | Frankfort, KY | Fafsa Student Support | $777,104 |
| Arizona Board of Regents | Phoenix, AZ | Fafsa Student Support | $710,480 |
| Young Invincibles | Washington, DC | Fafsa Student Support | $700,000 |
| Admithub Pbc | Boston, MA | Fafsa Student Support | $655,000 |
| University System of Maryland | Adelphi, MD | Fafsa Student Support | $611,523 |
| Michigan College Access Network | Lansing, MI | Fafsa Student Support | $537,280 |
| Communities Foundation of Texas Inc | Dallas, TX | Fafsa Student Support | $534,859 |
| Granite Edvance | Concord, NH | Fafsa Student Support | $506,652 |
| West Virginia Higher Education Policy Commission | Charleston, WV | Fafsa Student Support | $500,000 |
| National Summer Learning Association | Washington, DC | Fafsa Student Support | $500,000 |
| Suny Impact Foundation | New York, NY | Fafsa Student Support | $467,037 |
| Montana University System (mus) | Helena, MT | Fafsa Student Support | $461,006 |
The 25 largest of 572 grants listed on the return. 279 grants to individuals ($712K) are counted but not named. Names and purposes as reported to the IRS.
Where its grants went
- Minnesota$130M · 9 grants
- District of Columbia$8.69M · 12 grants
- New York$6.25M · 16 grants
- Virginia$4.33M · 18 grants
- Texas$3.27M · 19 grants
- California$2.7M · 35 grants
- Illinois$1.68M · 11 grants
- Tennessee$1.56M · 11 grants
- Washington$1.54M · 7 grants
- Florida$1.49M · 15 grants
- Massachusetts$1.34M · 8 grants
- Maryland$1.02M · 4 grants
Quick answers
Does Educational Credit Management Corporation accept grant applications?
Its Form 990 lists the grants it made but not how it chooses recipients. Check Educational Credit Management Corporation's website or contact it to ask whether it considers requests. Form 990 does not report an application process, so confirm with the organization.
How much does Educational Credit Management Corporation give each year?
For tax year 2024, it reported $177,781,160 in grants paid (572 grants). Giving can change from year to year.
What organizations has Educational Credit Management Corporation funded?
Its largest grants in tax year 2024 went to Ecmc Group Inc (MN), $129M, Partnership for Education Advancement (NY), $4.32M, Nasfaa (DC), $3.32M, Communities in Schools Inc (VA), $2.58M and National College Attainment Network (DC), $1.75M.