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EIN 22-1905062

Marine Corps Scholarship Foundation

IRS 501(c) type
501(c)(3)
Num. employees
40
City
Alexandria
State
Virginia
Year formed
1962
Most recent tax filings
2022-06-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The Marine Corps Scholarship Foundation provides scholarships to the children of Marines and Navy Corpsmen who attend post-high school, undergraduate, and career technical education programs. Edward Probert JR runs the foundation from Alexandria, VA.
Total revenues
$37,411,876
2022
Total expenses
$17,245,029
2022
Total assets
$143,461,620
2022
Num. employees
40
2022

Program areas at Marine Corps Scholarship Foundation

See schedule ofor the 2022-2023 academic year, the Marine Corps Scholarship Foundation awarded $10 million to 2,611 children of marines and navy corpsmen in all 50 states and overseas. 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.

Who funds Marine Corps Scholarship Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$622,790
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$622,790
Henry M. Rowan Family FoundationGeneral Support$350,000
...and 118 more grants received totalling $4,676,256

Personnel at Marine Corps Scholarship Foundation

NameTitleCompensation
Edward ProbertPresident and Chief Executive Officer$290,843
Harold van OpdorpChief Operating Officer$97,708
Sarah TonizzoChief Financial Officer Starting May$0
Courtney BalsonChief Advancement Officer$117,371
Ashley SavilleChief Philanthropic$177,634
...and 18 more key personnel

Financials for Marine Corps Scholarship Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$26,582,491
Program services$0
Investment income and dividends$2,694,084
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$7,357,443
Net income from fundraising events$757,945
Net income from gaming activities$8,062
Net income from sales of inventory$0
Miscellaneous revenues$11,851
Total revenues$37,411,876

Form 990s for Marine Corps Scholarship Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-11990View PDF
2021-062022-04-07990View PDF
2021-062022-03-15990View PDF
2020-062021-04-14990View PDF
2019-062021-01-21990View PDF
...and 13 more Form 990s
Data update history
February 4, 2024
Received grants
Identified 45 new grant, including a grant for $350,000 from Henry M. Rowan Family Foundation
October 26, 2023
Received grants
Identified 13 new grant, including a grant for $52,000 from The Chicago Community Trust
August 19, 2023
Received grants
Identified 98 new grant, including a grant for $2,551,499 from People-People-People Foundation
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsMilitary and veteran charitiesHeadquarter / parent organizationsCharities
Issues
EducationMilitary and veterans
Characteristics
Fundraising eventsOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersTax deductible donations
General information
Address
909 N Washington St 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
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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