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
Personnel at Marine Corps Scholarship Foundation
Name | Title | Compensation | Date of data |
---|
Robert R Ruark | President and Chief Executive Officer | $279,012 | 2021-04-14 |
Steven D Peterson | Executive Vice President , Operations / Chief Operating Officer and Secretary | $200,976 | 2020-06-30 |
Edward W Probert | Executive Vice President , Development | $241,783 | 2020-06-30 |
Rita Hsieh | Senior Director of Accounting and Finance | $131,756 | 2020-06-30 |
Christine Wilson | Director of Development | $118,875 | 2020-06-30 |
...and 10 more key personnel |
Financials for Marine Corps Scholarship Foundation
Revenues | FYE 06/2020 | FYE 06/2019 | % Change |
---|
Total grants, contributions, etc. | $18,010,379 | $15,457,151 | 16.5% |
Program services | $0 | $0 | - |
Investment income and dividends | $2,543,868 | $2,416,000 | 5.3% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $-32,762 | $395,724 | -108.3% |
Net income from fundraising events | $685,086 | $699,335 | -2% |
Net income from gaming activities | $21,933 | $26,387 | -16.9% |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $21,228,504 | $18,994,597 | 11.8% |
Organizations like Marine Corps Scholarship Foundation
Organization | Type | Location | Revenue |
---|
Big Shoulders Fund | 501(c)(3) | Chicago, IL | $31,770,708 |
Clark County Public Education Foundation | 501(c)(3) | Las Vegas, NV | $7,373,983 |
The Francis Ouimet Scholarship Fund | 501(c)(3) | Norton, MA | $5,730,017 |
Denver Scholarship Foundation (DSF) | 501(c)(3) | Denver, CO | $11,420,910 |
SAG-AFTRA Foundation | 501(c)(3) | Los Angeles, CA | $14,953,289 |
Special Operations Warrior Foundation (SOWF) | 501(c)(3) | Tampa, FL | $16,396,122 |
Clark College Foundation | 501(c)(3) | Vancouver, WA | $8,324,798 |
Denver Public Schools Foundation | 501(c)(3) | Denver, CO | $7,715,915 |
Cal Ripken Sr Foundation | 501(c)(3) | Baltimore, MD | $30,931,561 |
The Red Sox Foundation | 501(c)(3) | Boston, MA | $10,342,907 |
Data update history
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
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/Â
- Phone
- (703) 549-0060
- Facebook page
- marinescholarsÂ
- Twitter profile
- @marinescholarsÂ
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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