Overview

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Est.

1953

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Independent College Fund of Maryland Inc, operating with an annual budget of $159.4K, is dedicated to enhancing college access and opportunities for students attending I-Fund member institutions in Maryland. The organization raises funds primarily from businesses and foundations to provide scholarships and grants, with total revenue reported at $145.5K for the filing year 2025. Notably, it does not rely on a single funder for 50% or more of its revenue. More information can be found on their website at micua.org/i-fund.

Mission Statement

TO PROVIDE COLLEGE ACCESS, CHOICE AND OPPORTUNITIES BY RAISING FUNDS, PRINCIPALLY FROM BUSINESSES AND FOUNDATIONS, TO PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS ATTENDING I-FUND MEMBER INSTITUTIONS.
Revenues
$145.5K
Expenses
$159.4K
Net Income:
-$13.9K
Assets
$394.6K
Liabilities
$0
Net Assets:
+$394.6K
Operating Budget
$159.4K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
9
Median grant size
$5K
Largest grant received
$38.4K
B
Bradford Sims
Board Member
N
Nora Demleitner
Board Member
M
Mike Sosulski
Board Member

Frequently Asked Questions

What is INDEPENDENT COLLEGE FUND OF MARYLAND INC’s budget?
In 2025, INDEPENDENT COLLEGE FUND OF MARYLAND INC reported an annual operating budget of around $159 thousand. More detailed financial information is available to registered users.
What causes does INDEPENDENT COLLEGE FUND OF MARYLAND INC support?
INDEPENDENT COLLEGE FUND OF MARYLAND INC supports work in Foundations and Scholarships & Financial Aid.
Where does INDEPENDENT COLLEGE FUND OF MARYLAND INC operate?
INDEPENDENT COLLEGE FUND OF MARYLAND INC is headquartered in Annapolis, MD.
Who funded INDEPENDENT COLLEGE FUND OF MARYLAND INC recently?
In 2024, INDEPENDENT COLLEGE FUND OF MARYLAND INC received grants from COUNCIL OF INDEPENDENT COLLEGES, THE BUNTING FAMILY FOUNDATION C/O KNOLLWOOD INVESTMENT ADVISORY, and BALTIMORE COMMUNITY FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant INDEPENDENT COLLEGE FUND OF MARYLAND INC received in 2024?
The largest grant to INDEPENDENT COLLEGE FUND OF MARYLAND INC in 2024 exceeds $38 thousand.