MC Scholarship Foundation
MC Scholarship Foundation is a private foundation, based in NEWPORT, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $803K in total assets. In 2024, it awarded 8 grants totaling $45K. Net investment income was $76K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$803K
+4.5% YoY
Annual Giving
$45K
-29.7% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$6K
-29.7% YoY
About MC Scholarship Foundation
Based on IRS filings
MC Scholarship Foundation is a private foundation, based in NEWPORT, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $803K in total assets. In 2024, it awarded 8 grants totaling $45K. Net investment income was $76K.
Ready to take the next step with MC Scholarship Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $803,330 | $769,023 | $794,401 |
| Revenue | $93,252 | $50,463 | $37,541 |
| Expenses | $58,945 | $76,254 | $58,071 |
| Qualifying Distributions | $45,000 | $64,000 | $44,000 |
| Net Investment Income | $76,055 | $34,565 | $21,188 |
| Distributable Amount | $44,520 | $44,748 | $48,702 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Susan Daly | Trustee | 0.25 | — |
| Timothy Bingham | Trustee | 0.25 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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