Public Charity

VERMONT STUDENT DEVELOPMENT FUND INC

VERMONT STUDENT DEVELOPMENT FUND INC is a nonprofit organization categorized as Public Charity based in Winooski, VT. Its most recent IRS filing (2025) reports revenue of $17.5M, expenses of $16.8M, total assets of $24.6M. Imperigo tracks 16 reported grant relationships connected to this organization totaling approximately $507K.

EIN: 030367034 Winooski, VT Scholarships & Student Financial Aid NTEE: B82 Latest filing: 2025
Total Revenue$17.5M
Total Expenses$16.8M
Total Assets$24.6M
Grant Records16
Funding Total$507K
Filing Years2020–2025

Mission

The Vermont Scholarship Fund is a 501(c)(3) charitable affiliate of the Vermont Student Assistance Corporation (VSAC). Our mission is to provide scholarships to Vermonters through gifts and grants from the State of Vermont, Federal agencies, individual donors and philanthropic sources. Together with our supporters we make it possible for more people to aim higher, go further, and build something better for themselves, their families, and the community. We partner closely with our supporters to create scholarship funds that reflect mission and goals to open doors to education for others. We administer all scholarships through VSAC, with ongoing support that makes managing scholarships efficient. In FY25, VSAC awarded about 16.8 million in scholarships through 150 award programs to 4,024 Vermonters.

Where $100 goes at Vermont Student Development Fund Inc

How Vermont Student Development Fund Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100
Scholarships were awarded and disbursed to 4,024 students to support their pursuit of education
All program spending · Reported in the filing: 4,024 students
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director Ann E Cummings
Director Caleb Elder
Director Clarence Davis
Secretary & Corporate Governance Comm. Chair David Larsen
Chair Dorothy R Mitchell
Chair Audit Committee John Mcsoley

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$372,752 9 grants
Education
$134,409 7 grants

Financial Trends

Year Revenue Expenses Assets
2025 $17.5M $16.8M $24.6M
2024 $13.7M $13.2M $25.2M
2023 $10.5M $10.0M $21.5M
2021 $7.9M $7.5M $18.1M
2020 $7.1M $6.0M $16.1M

Between 2020 and 2025, reported annual revenue grew from $7.1M to $17.5M (+148%), with total assets most recently reported at $24.6M.

Interactive year-over-year charts and full filing details available with membership.

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