EIN 22-1905062

Marine Corps Scholarship Foundation

IRS 501(c) type
501(c)(3)
Num. employees
39
Year formed
1962
Most recent tax filings
2020-06-01
Description
To provide post-high school scholarships to deserving sons and daughters of marines (both current and former). As the oldest, largest, financial need-based Scholarship provider to military children, the Foundation provides post-high school scholarship...
Total revenues
$21,228,504
2020
Total expenses
$14,832,003
2020
Total assets
$126,336,184
2020
Num. employees
39
2020

Program areas at Marine Corps Scholarship Foundation

See schedule oin 2020-21 academic year, the Marine Corps Scholarship Foundation awarded $8.5 million to 2,750 children of marines and navy corpsmen in all 50 states. The quality of the students we invest in, children raised by honorable Marine and navy corpsman parents, is highlighted in their academic accomplishments. They graduate at a rate of 91% (compared to 56% nationally), demonstrating that our investment in their education pays off. With 50% of our recipients reporting little to no debt at graduation (compared to 30% nationally), we are confident that our Scholarship support makes a significant impact in their lives after graduation.in the 2020-21 academic year, the Scholarship Foundation experienced a significant increase in applications and awarded 400 more scholarships than the prior year, putting us three years ahead of planned Scholarship growth. Given the events of 2020, we anticipate the next 5-10 years will bring its own set of new demands for support. During this unprecedented year, we are monitoring the unexpected impacts of covid-19 on higher education, the demand for our scholarships, and the academic plans of individual students.

Who funds Marine Corps Scholarship Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
People-People-People FoundationTo Support the Marine Corps Scholarship Fund's Mission of Educating the Children of Marines.$2,490,760
Pricewaterhousecoopers Charitable Foundation (PCCF)Education$1,500,000
Henry M. Rowan Family FoundationGeneral Support$350,000
...and 74 more grants received totalling $6,090,020

Personnel at Marine Corps Scholarship Foundation

NameTitleCompensation
Robert R RuarkPresident and Chief Executive Officer$279,012
Steven D PetersonExecutive Vice President , Operations / Chief Operating Officer and Secretary$200,976
Edward W ProbertExecutive Vice President , Development$241,783
Rita HsiehSenior Director of Accounting and Finance$131,756
Christine WilsonDirector of Development$118,875
...and 10 more key personnel

Financials for Marine Corps Scholarship Foundation

RevenuesFYE 06/2020
Total grants, contributions, etc.$18,010,379
Program services$0
Investment income and dividends$2,543,868
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-32,762
Net income from fundraising events$685,086
Net income from gaming activities$21,933
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$21,228,504

Form 990s for Marine Corps Scholarship Foundation

Fiscal year endingDate received by IRSFormPDF link
2020-062021-04-14990View PDF
2019-062021-01-21990View PDF
2018-062019-05-07990View PDF
2017-122018-11-15990View PDF
2016-122017-10-12990View PDF
...and 10 more Form 990s

Organizations like Marine Corps Scholarship Foundation

OrganizationLocationRevenue
Big Shoulders FundChicago, IL$31,770,708
Clark County Public Education FoundationLas Vegas, NV$7,373,983
The Francis Ouimet Scholarship FundNorton, MA$5,730,017
Denver Scholarship Foundation (DSF)Denver, CO$11,420,910
SAG-AFTRA FoundationLos Angeles, CA$14,953,289
Special Operations Warrior Foundation (SOWF)Tampa, FL$16,396,122
Clark College FoundationVancouver, WA$8,324,798
Denver Public Schools FoundationDenver, CO$7,715,915
Cal Ripken Sr FoundationBaltimore, MD$30,931,561
The Red Sox FoundationBoston, MA$10,342,907
Data update history
August 4, 2022
Received grants
Identified 19 new grant, including a grant for $1,500,000 from Pricewaterhousecoopers Charitable Foundation (PCCF)
May 21, 2022
Posted financials
Added Form 990 for fiscal year 2020
May 21, 2022
Used new vendors
Identified 2 new vendors, including , and
December 22, 2021
Updated personnel
Identified 16 new personnel
September 24, 2021
Received grants
Identified 35 new grant, including a grant for $2,490,760 from People-People-People Foundation
Nonprofit Types
Grantmaking organizationsSchoolsMilitary and veteran charitiesCharities
Issues
EducationChildrenMilitary and veterans
Characteristics
Fundraising eventsOperates internationallyNational levelEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
909 N Washington St No 400
Alexandria, VA 22314
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Alexandria city, VA
Website URL
mcsf.org/ 
Phone
(703) 549-0060
Facebook page
marinescholars 
Twitter profile
@marinescholars 
IRS details
EIN
22-1905062
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1962
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B12: Education Fund Raising and Fund Distribution
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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