Rachel S Mackenzie Scholarship Fund
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
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
- 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
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.
Here's the math on researching Rachel S Mackenzie Scholarship Fund by hand.
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