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 2019 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.
Rachel S Mackenzie Scholarship Fund at a glance
- Total assets
- $358,209
- -1.2% vs 2023
- Revenue (2024)
- $6,369
- -70.2% vs 2023
- Qualifying distributions (2024)
- $2,206
- -96.0% vs 2023
- Expenses (2024)
- $10,285
- -82.3% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Rachel S Mackenzie Scholarship Fund funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $16K (2019) to $53K (2023). In 2023 it made 6 grants totaling $53K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Malone University Canton, OH | Scholarship | $18,486 |
| Kent State University Kent, OH | Scholarship | $11,087 |
| Walsh University N Canton, OH | Scholarship | $6,298 |
| Hondros College of Nursing Westerville, OH | Scholarship | $6,216 |
| Stark State College North Canton, OH | Scholarship | $5,963 |
| Muskingum University New Concord, OH | Scholarship | $4,950 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $358,209 | $6,369 | $10,285 | — | — | $2,206 | $9,366 | $20,293 |
| 2023 | $362,424 | $21,372 | $58,143 | $53,000 | 6 | $55,051 | $18,088 | $19,095 |
| 2022 | $399,219 | $38,658 | $5,559 | — | — | $2,177 | $35,408 | $19,800 |
| 2021 | $366,181 | $14,319 | $5,490 | — | — | $2,169 | $10,940 | $22,221 |
| 2020 | $357,352 | $23,964 | $22,156 | $16,000 | 3 | — | $20,397 | $18,928 |
| 2019 | $355,545 | $27,182 | $21,911 | $16,000 | 1 | — | $24,182 | $18,329 |
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.
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 (3)
- Former: Keybank NA (2021–2023) — Trustee
- Former: Keybank (2020) — Trustee
- Former: Keybank National Association (2019) — Trustee
Data from IRS Form 990 filings, 2019–2024. "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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 21, 2020)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Rachel S Mackenzie Scholarship Fund funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Rachel S Mackenzie Scholarship Fund's focus areas in our free grants database
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