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Marine Corps Scholarship Foundation Inc

Marine Corps Scholarship Foundation Inc

Alexandria, VA 22314
Tax ID22-1905062

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About this organization

Revenue

$30,666,272

Expenses

$13,861,077

Website

mcsf.org

Mission

The Marine Corps Scholarship Foundation honors Marines by educating their children. Founded in 1962, the Marine Corps Scholarship Foundation is the nation's oldest and largest provider of need-based scholarships to military children. For more than half a century, we've been providing access to affordable education for the children of Marine and Navy Corpsmen attending post-high school, undergraduate and career technical education programs. In that time, we have provided more than 47,000 scholarships valued at nearly $145 million

About

SEE SCHEDULE OIN 2017 ALONE, THE MARINE CORPS SCHOLARSHIP FOUNDATION AWARDED $7.3 MILLION TO MORE THAN 2,300 SONS AND DAUGHTERS OF MARINES AND NAVY CORPSMEN IN ALL 50 STATES. THIS CRITICAL SUPPORT COMES AT A TIME WHEN THE RISING COST OF EDUCATION FAR EXCEEDS THE AVERAGE MARINE FAMILY'S INCOME. THE RESULT IS A LANDSCAPE IN WHICH THOUSANDS OF PROMISING YOUNG AMERICANS FIND THEMSELVES PRICED OUT OF THE AMERICAN DREAM THEIR PARENTS SERVED TO DEFEND. IT'S AN UNEVEN BURDEN, AND ONE WE'RE DETERMINED TO CORRECT. WITH THE EAGLE, GLOBE, AND ANCHOR IN OUR LOGO, WE ALWAYS HOLD OURSELVES TO THE HIGHEST STANDARDS OF THE MARINE CORPS. THE RESULT IS AN APPROACH DRIVEN BY DONOR INTENT AND ANCHORED IN OUTCOMES FOR MARINES, THEIR FAMILIES, AND AMERICA'S FUTURE. THE MARINE CORPS SCHOLARSHIP FOUNDATION IS NOT ONLY A PROVEN STEWARD, DRIVEN BY OUTCOMES AND THE MOST POWERFUL SUCCESS METRICS IN OUR FIELD. WE'RE ALSO THE ONLY SCHOLARSHIP PROGRAM PROVIDING DEDICATED SUPPORT TO CHILDREN OF MARINES AND NAVY CORPSMEN THAT SERVED WITH MARINE CORPS UNITS. MEET A FEW OF OUR SCHOLARSHIP RECIPIENTS AND YOU'LL KNOW OUR PROGRAM DELIVERS IMPACT FAR BEYOND TUITION ASSISTANCE. OUR SCHOLARS ARE DRIVEN TO DO MORE THAN SUCCEED. THANKS TO A LIFETIME OF MARINE CORPS VALUES, THEY'RE BORN LEADERS. WHEN THAT ABILITY IS MET WITH OPPORTUNITY, THE OUTCOMES ARE TRANSFORMATIONAL, WITH INSPIRING RESULTS FOR MARINE FAMILIES AND AMERICA'S FUTURE. OUR SCHOLARS ARE RAISED ON HONOR, COURAGE, AND COMMITMENT. AND BY THE TIME THEY'RE READY TO PUT THOSE VALUES TO WORK TOWARDS THEIR CAREER GOALS, STATISTICS SHOW THESE SAME YOUNG MEN AND WOMEN WILL BE OUTPERFORMING THEIR PEERS NEARLY 2 TO 1. AMONG OUR SCHOLARSHIP RECIPIENTS: 90 PERCENT GRADUATE OR ON TRACK TO GRADUATE (COMPARED TO 53 PERCENT NATIONALLY); 50 PERCENT FIRST-GENERATION COLLEGE STUDENTS (COMPARED TO 20 PERCENT NATIONALLY); 46 PERCENT ARE ENROLLED IN STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH) AND HEALTH SCIENCE FIELDS; 70 PERCENT HAVE A GPA OF 3.0 OR HIGHER; 86 PERCENT STUDENT RETENTION FROM THE PREVIOUS ACADEMIC YEAR.

Interesting data from their 2018 990 filing

The non-profit's aim, as indicated in the filing, is “See schedule o.founded in 1962, the marine corps scholarship foundation is the nation's oldest and largest provider of need-based scholarships to military children. for more than 55 years, we've been providing access to affordable education for the children of marines and navy corpsman attending post-high school, under-graduate and career technical education programs. in that time, we have provided over 40,000 scholarships valued at over $125 million.”.

When referring to its functions, they were specified as: “To provide post-secondary educational scholarships to children of marines & navy corpsmen.”.

  • The non-profit has reported their operating state as NJ, as required by law.
  • As stated in the filing, the non-profit's address in 2018 was 909 N WASHINGTON STREET NO 400, ALEXANDRIA, VA, 22314.
  • The non-profit's form reports a total of 33 employees as of 2018.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $16,805,195.
  • The organization has 29 independent voting members.
  • The organization was formed in 1962.
  • The organization pays $2,948,078 in salary, compensation, and benefits to its employees.
  • The organization pays $3,307,427 in fundraising expenses.

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