2025-10-24T08:55:28-07:00 2025-06-30 990 2024-07-01 030367034 VERMONT STUDENT DEVELOPMENT FUND INC VERM 8026543714 10 East Allen St PO Box 2000 Winooski VT 05404 Meghan Metzler VP of Finance/CFO 8026543746 2025-10-24 1 2024 2025-03-06 01:10:19Z Vermont Scholarship Fund Scott Giles 10 East Allen Street PO Box 2000 Winooski VT 05404 18649844 0 X https://www.vsac.org/vsf X 2000 VT The mission of the Vermont Student Development Fund is to seek, invest and maintain monetary and other support for scholarships and other financial assistance to individuals seeking a post secondary education or training. 11 11 0 0 0 0 13330920 16666996 0 0 388781 827768 0 0 13719701 17494764 13154249 16793745 0 0 0 0 0 0 0 8030 13405 13162279 16807150 557422 687614 25220619 24646852 12734240 10867277 12486379 13779575 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. 0 0 16793745 16793745 16666996 Scholarships were awarded and disbursed to 4,024 students to support their pursuit of education. 0 0 0 16793745 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X X Meghan Metzler 8026543721 10 East Allen St PO Box 2000 Winooski VT 05404 Scott A Giles President and CEO 0.2 37.50 X 0 339174 73321 Patrick J Leduc VP & COO 0.2 37.50 X 0 249999 75210 Thomas A Little VP & General Counsel 1 37.50 X 0 258861 45821 Meghan Metzler VP of Finance & CFO 0.2 37.5 X 0 121025 37404 Michael R Stuart VP of Finance & CFO 0.2 22.50 X X 0 70288 26361 Dorothy R Mitchell Chair 0 1 X 0 0 0 Martha P Heath Vice Chair & Programs & Services Comm. Chair 0 1 X 0 0 0 David Larsen Secretary & Corporate Governance Comm. Chair 0 1 X 0 0 0 Clarence Davis Director 0 1 X 0 0 0 Michael K Smith Chair Finance Committee 0 1 X 0 0 0 John McSoley Chair Audit Committee 0 1 X 0 0 0 Tim Chamberlin Director 0 1 X 0 0 0 Ryan Dulude Director 0 1 X 0 0 0 Mike Pieciak Director 0 1 X 0 0 0 Ann E Cummings Director 0 1 X 0 0 0 Mary-Katherine Stone Director 0 1 X 0 0 0 Caleb Elder Director 0 1 X 0 0 0 0 1039347 258117 0 1 1 0 0 0 0 0 0 12462689 4204307 0 16666996 0 326226 0 0 326226 0 0 0 0 0 0 0 0 0 0 1656622 0 1155080 0 501542 0 501542 0 0 501542 0 0 17494764 0 0 827768 0 0 16793745 16793745 0 0 13405 13405 16807150 16793745 13405 0 13675074 11095263 11451967 12651431 93578 900158 25220619 24646852 12702558 10826781 31682 40496 12734240 10867277 X 0 0 12486379 13779575 12486379 13779575 25220619 24646852 687614 605582 0 0 0 0 X 0 1 X 1 1 1 X 7434153 10038133 10205782 13330920 16666966 57675954 0 0 0 0 0 0 0 0 0 0 0 0 7434153 10038133 10205782 13330920 16666966 57675954 13549603 44126351 131815 149070 185911 292056 326226 1085078 0 0 0 0 0 0 0 0 0 0 0 0 58761032 0 0.75095 0.71143 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12486379 195939 1433349 336092 0 0 13779575 10944115 580560 1377857 416153 0 0 12486379 9516510 675556 901555 149506 0 0 10944115 10307447 691230 -1237182 244985 0 0 9516510 8531876 156892 1854543 235864 0 0 10307447 0 0.92 0.08 0 0 Due to affiliated organization VSAC 39496 Accounts payable 1000 40496 18100346 605582 0 0 0 605582 17494764 0 0 0 17494764 16807150 0 0 0 0 0 16807150 0 0 0 16807150 Schedule D, Part V, Line 4 The Organization's endowment funds are used as directed by donors to hold and invest and to provide scholarships for the education of Vermont students. 1 Scholarships - Federal Programs 709 2944471 Scholarships - Vermont State Programs 1940 9518218 Scholarships - Private Annual 1244 4008369 Scholarships - Private Termed Endowments 17 73930 Scholarships - Private Permanent Endowment 114 248757 Schedule I, Part I, Line 2 The awarding of scholarships by VSDF is performed by its related organization, Vermont Student Assistance Corporation, to ensure all funds are awarded and disbursed in accordance with donor directives. All funds received from these programs are subject to VSAC's annual audit requirement. X X X 0 0 0 0 0 0 0 0 0 Scott A Giles President and CEO 0 304440 0 18393 0 16341 0 41002 0 32319 0 412495 Thomas A Little VP & General Counsel 0 234036 0 14043 0 10782 0 29311 0 16510 0 304682 0 Michael R Stuart VP of Finance & CFO 0 62340 0 6948 0 1000 0 7161 0 19200 0 96649 Patrick J Leduc VP & COO 0 233421 0 14256 0 2322 0 30243 0 44967 0 325209 Meghan Metzler VP of Finance & CFO 0 120789 0 236 0 0 0 11539 0 25865 0 158429 0 Schedule J, Part I, Line 3 The Organization's CEO is compensated by a related organization, Vermont Student Assistance Corporation. Form 990, Part VI, Section B, Line 11b This return is prepared by the Director of Finance/Controller and is reviewed by the Vice President/CFO and Vice President/Legal Counsel. A complete copy of Form 990 is presented and reviewed by management with the audit committee of the board of directors prior to filing. A complete copy of Form 990 is also made available to the full board of directors prior to filing. Form 990, Part VI, Section B, Line 12c On an annual basis each Board member and officer is required to complete a questionnaire disclosing any relationships which might violate the Organization's policy regarding conflicts of interest. In the event such a conflict were to exist the Organization would conduct a follow-up investigation and take appropriate steps to ensure that conflict was resolved. Form 990, Part VI, Section C, Line 19 The Organization is governed by the policies and decisions of the Vermont Student Assistance Corporation (VSAC) and is a component unit of VSAC. Consequently the financial statements of the Organization are consolidated with VSAC. The consolidated audited financial statements of VSAC and unaudited quarterly financial statements of the Organization are available at www.vsac.org. VSAC's and Organization's governing documents and conflicts of interest policies are available upon request. Vermont Student Assistance Corporation 10 East Allen Street PO Box 2000 Winooski VT 05404 030216589 Counseling and financial assistance to post secondary Vermont students VT 501(c)(3) 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0