Rachel S Mackenzie Scholarship Fund

Private foundation · Grantmaker Brooklyn, OH EIN: 86-6314082

Rachel S Mackenzie Scholarship Fund is a private foundation focused on Education, based in Brooklyn, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $358K in total assets. In 2024, it made $2K in qualifying distributions. Net investment income was $9K.

Key facts about Rachel S Mackenzie Scholarship Fund

EIN
86-6314082
Latest 990 filing
Form 990-PF, 2024
Total assets
$358,209

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$358K

-1.2% YoY

Revenue

$6K

-70.2% YoY

Qualifying Distributions

$2K

-96.0% YoY

Expenses

$10K

-82.3% YoY

Under IRS private-foundation payout rules, Rachel S Mackenzie Scholarship Fund reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.

How Rachel S Mackenzie Scholarship Fund gives

  • Giving grew 231% from 2020 to 2023. Method
  • In 2024 it paid out 11% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

States

Cities

CantonClevelandKentN CantonNew ConcordNorth CantonSalt Lake CityWestervilleYoungstown

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K3 grants20200 grants20210 grants20226 grants20230 grants2024

From 2020 to 2023, annual grant giving ranged from $16K (2020) to $53K (2023). In 2023 it made 6 grants totaling $53K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

9 grants across all recorded years

9<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 9 grants of 9 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K20202021202220232024
Metric202420232022
Total Assets$358,209$362,424$399,219
Revenue$6,369$21,372$38,658
Expenses$10,285$58,143$5,559
Qualifying Distributions$2,206$55,051$2,177
Net Investment Income$9,366$18,088$35,408
Distributable Amount$20,293$19,095$19,800

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Rachel S Mackenzie Scholarship Fund's only listed officer is Keybank N A, Trustee on the 2024 filing (compensated).

Officers on the 2024 filing

  • Keybank N A

    Trustee

    New on the 2024 filing

    1 hr/week

    $4K (2024)

Former officers (1)
  • Former: Keybank NA (2021–2023) — Trustee

Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Keybank N a — Trustee: $4KKeybank N aTrustee$4K

The highest reported compensation on the 2024 filing was $4K, to Keybank N a (Trustee).

Frequently asked questions about Rachel S Mackenzie Scholarship Fund

How large is Rachel S Mackenzie Scholarship Fund?

Rachel S Mackenzie Scholarship Fund reported $358K in total assets on its 2024 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets).

What is Rachel S Mackenzie Scholarship Fund?

Rachel S Mackenzie Scholarship Fund is a private foundation focused on Education, based in Brooklyn, OH. It holds $358K in total assets as of 2024.

Where does Rachel S Mackenzie Scholarship Fund operate?

Rachel S Mackenzie Scholarship Fund has awarded grants in Ohio, Utah.

What is Rachel S Mackenzie Scholarship Fund's EIN?

Rachel S Mackenzie Scholarship Fund's EIN (Employer Identification Number) is 86-6314082. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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