Scholarship America, Inc. HQ

aka Scholarship America National Headquarters   |   Minneapolis, MN   |  https://scholarshipamerica.org

Mission

Our mission is to be the most trusted scholarship and student success organization offering impactful solutions with students always at the forefront. Our vision is to create an America where every student’s educational dream can come true.

Ruling year info

1962

President & CEO

Mr. Robert C. Ballard

Main address

7900 International Drive Suite 500

Minneapolis, MN 55425 USA

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Formerly known as

Citizens Scholarship Foundation of America

EIN

04-2296967

NTEE code info

Scholarships, Student Financial Aid, Awards (B82)

Student Services and Organizations (B80)

Educational Services and Schools - Other (B90)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Blog

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Scholarship America

In 1958, an optometrist in Fall River, Mass., Dr. Irving Fradkin, had a simple but profound idea: if everyone in his community gave just a dollar to a scholarship fund, it would be enough to help every student in the community attend college. It worked — and now we are the nation’s largest nonprofit, private scholarship organization.

Scholarship America works directly with students, parents, colleges, businesses and communities to help students fulfill their college dreams. Since it was founded in 1958, Scholarship America has distributed $4.2 billion to more than 2.5 million students … and counting.

Population(s) Served
Students

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of students who receive scholarship funds and/or tuition assistance

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

This represents scholarship and tuition assistance recipients across our organization's programs. (Note a methodology change in 2015 allowed for more accurate assessment.)

Average financial aid award per FTE student

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

We have an ambitious goal to help 750,000 students complete their education -- whether it's a certification, a two-year degree or a four-year degree -- by 2025 with a manageable level of debt.

We are employing four major strategies to ensure our goals. (1) Becoming a leader of the national education conversation by demonstrating the impact of private and community scholarships. (2) Harnessing the power of relationships and strategic alliances to ensure students are prepared to choose, enroll in and succeed in college on all levels. (3) Increasing national recognition of our organization and its affiliates. (4) Diversifying and maximizing our fundraising efforts to ensure sustainable scholarship growth.

Our staff, capital investments and growth are all focused on achieving our mission goal of helping 750,000 students between 2011 and 2025. We have created a Programs and Policy department that works in Washington, connecting our expertise and grassroots efforts to the national conversation on education.

Our significant technology investments over the past several years have focused on two areas: streamlining scholarship management for clients and volunteers, and establishing a robust CRM system for stakeholders. Thanks to the former efforts, our 500 volunteer-driven affiliates now all have branded websites and online scholarship management -- and all of our staff and stakeholders can raise funds and award scholarships more efficiently than ever before.

In addition to the $202 million in scholarships we awarded last year, important progress has been made on all areas of our strategic plan. Through the introduction of the Dream Award -- a scholarship given to current college students, providing funds for their second year and beyond -- we have created a flagship national program that focuses not on getting into college, but on completing a degree. We have reinforced this focus by providing matching grants for renewable scholarships to our volunteer affiliates, and by encouraging corporate scholarship sponsors to fund renewable, completion-focused awards.

The Dream Award -- whose recipients were announced live on national TV by award supporter Katie Couric -- also helped us diversify fundraising and attain more brand recognition. And our association with Higher Ed Not Debt, a bipartisan higher-ed advocacy group, has raised our profile in Washington and led to new partnership avenues.

We continue to strive to help students complete school, and to successfully measure completion rates among our scholarship recipients. As we work toward our large goal, this is where we'll be focusing ongoing efforts.

Financials

Scholarship America, Inc.
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
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  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Scholarship America, Inc.

Board of directors
as of 4/28/2021
SOURCE: Self-reported by organization
Board chair

Ms. Tina Lee

World Journal

Michael Ryan

MDR Capital Management

Richard Schwab

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Michael Davis

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Charlene Hinton

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Alain Karaoglan

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Tina Lee

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Douglas Mello

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Jay Morris

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Joseph Palombo

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Joyce Smith

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Roxanne Spillett

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Mark Turchan

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William Young

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Jeffrey Silverman

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Lynn Graves

Principal Financial Group (Retired)

Kay Marquet

Kay Marquet Associates

Organizational demographics

SOURCE: Self-reported; last updated 04/28/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data