MC Scholarship Foundation
MC Scholarship Foundation is a private foundation focused on Education, based in Newport, RI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $808K in total assets. In 2025, it awarded 7 grants totaling $44K. Net investment income was $45K.
MC Scholarship Foundation at a glance
In short: MC Scholarship Foundation gave $44K across 7 grants in 2025 (avg $6K), top state Connecticut. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $44,250
- -1.7% vs 2024
- Grants made (2025)
- 7
- -12.5% vs 2024
- Average grant
- $6,321
- +12.4% vs 2024
- Median grant
- $6,000
- Total assets
- $807,763
- +0.6% vs 2024
- Primary geography
- Connecticut (45% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who MC Scholarship Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Yale University ($10K). Together the top 5 received $32K.
Organizations only. It also paid 2 individual scholarships ($12,750), which are not listed by name.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 39 grants of 39 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How MC Scholarship Foundation gives
- Giving held roughly steady from 2022 to 2025 (+1%). Method
- In 2025 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $38K (2020) to $64K (2023). In 2025 it made 7 grants totaling $44K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 individual scholarships Recipients not named | — | $12,750 |
| Yale University New Haven, CT | Provide scholarships | $10,000 |
| The Taft School Watertown, CT | Provide scholarships | $10,000 |
| University of North Florida Jacksonville, FL | Provide Scholarships | $6,000 |
| Episcopal School of Jacksonville Jacksonville, FL | Provide scholarships | $4,500 |
| IYRS School of Technology and Trade Newport, RI | Provide Scholarships | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $807,763 | $62,258 | $57,825 | $44,250 | 7 | $44,250 | $45,307 | $49,384 |
| 2024 | $803,330 | $93,252 | $58,945 | $45,000 | 8 | $45,000 | $76,055 | $44,520 |
| 2023 | $769,023 | $50,463 | $76,254 | $64,000 | 8 | $64,000 | $34,565 | $44,748 |
| 2022 | $794,401 | $37,541 | $58,071 | $44,000 | 8 | $44,000 | $21,188 | $48,702 |
| 2021 | $814,250 | $89,502 | $61,510 | $47,000 | 8 | $47,000 | $72,928 | $51,585 |
| 2020 | $785,363 | $30,886 | $51,912 | $38,000 | 9 | — | $16,521 | $49,505 |
Under IRS private-foundation payout rules, MC Scholarship Foundation reported a distributable amount of $49K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
MC Scholarship Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Susan Daly
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Timothy Bingham
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about MC Scholarship Foundation
How much does MC Scholarship Foundation give each year?
MC Scholarship Foundation gave $44K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $45K across 8 grants.
What is MC Scholarship Foundation's typical grant size?
MC Scholarship Foundation's median grant in 2025 was $6,000, and its average grant was $6,321, across 7 grants on its 2025 IRS Form 990-PF.
Where does MC Scholarship Foundation give grants?
MC Scholarship Foundation's top state is Connecticut, with 45% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Mississippi (25%) and Florida (24%). The most frequent recipient cities were Jacksonville, FL (2 grants).
Does MC Scholarship Foundation give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on MC Scholarship Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Provide scholarships" (7 grants).
Who are MC Scholarship Foundation's largest grantees?
MC Scholarship Foundation's largest 2025 grantees include Yale University ($10,000), The Taft School ($10,000) and University of North Florida ($6,000), according to its 2025 IRS Form 990-PF. It also paid 2 individual scholarships ($12,750), which are not listed by name. Together they received 59% of its itemized 2025 grant dollars.
How large is MC Scholarship Foundation?
MC Scholarship Foundation reported $808K in total assets on its 2025 IRS Form 990-PF. It paid out $44K in qualifying distributions that year, against a required minimum of $49K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is MC Scholarship Foundation?
MC Scholarship Foundation is a private foundation focused on Education, based in Newport, RI. It holds $808K in total assets as of 2025.
What is MC Scholarship Foundation's EIN?
MC Scholarship Foundation's EIN (Employer Identification Number) is 22-6078909. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 4, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 18, 2026)
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