Educational Institutions

MARINE CORPS SCHOLARSHIP FOUNDATION INC

  • Alexandria, VA
  • www.mcsf.org

Mission Statement

The Marine Corps Scholarship Foundation honors Marines by educating their children.

Founded in 1962, the Marine Corps Scholarship Foundation is the nation's oldest and largest provider of need-based scholarships to military children. For more than half a century, we've been providing access to affordable education for the children of Marine and Navy Corpsman attending post-high school, under-graduate and career technical education programs. In that time, we have provided more than 35,000 scholarships valued at over $100 million.


Main Programs

  1. Financial Need Scholarships
Service Areas

Self-reported

National

Founded in 1962, the Marine Corps Scholarship Foundation provides need-based academic scholarships to the children of Marines and the Navy Corpsmen who serve with them. The scholarship Foundation has provided over 35,000 scholarships valued at more than $100 million to students in all 50 states, the District of Columbia and overseas bases and territories.

ruling year

1995

President and CEO

Self-reported

Margaret B. Davis

Keywords

Self-reported

scholarship, education

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EIN

22-1905062

 Number

1845965285

Contact

Cause Area (NTEE Code)

Scholarships, Student Financial Aid, Awards (B82)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

Since 1962 the Marine Corps Scholarship Foundation has been providing access to affordable education for the children of Marine and Navy Corpsman attending post-high school, under-graduate and career technical education programs. In that time, we have provided more than 35,000 scholarships worth nearly $100 million to students in all 50 states , Washington DC, and overseas.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Financial Need Scholarships

Financial need scholarships are provided to children of Marine and Navy Corpsman attending post-high school, under-graduate and career technical education programs.

Category

Education

Population(s) Served

Military/Veterans

Budget

$7,000,000

Charting Impact

Self-reported by organization

Five powerful questions that require reflection about what really matters - results.

  1. What is the organization aiming to accomplish?
    The Marine Corps Scholarship Foundation honors the service of Marines and the Navy Corpsmen who serve with them by easing the financial burden of higher education through the awarding of need-based scholarships. In doing so, the Scholarship Foundation aims to strengthen America by graduating children of high moral character from degree and certification programs, and by helping them prepare for gainful career employment.
  2. What are the organization's key strategies for making this happen?
    Goal 1 Manage a scholarship program that provides financial need-based support to all who qualify, encourages and rewards scholastic merit, and considers the impact of parent's service on child's life.

    Goal 2 Manage a scholarship program that encourages and stimulates degree/certification completion.

    Goal 3 Manage resources and funding in order to support the Scholarship Foundation's ability to provide financial need-based scholarships while encouraging degree/certification completion in order to help students prepare for gainful career employment.

    Goal 4 Collaborate formally with USMC in order to strengthen senior leadership understanding of the impact and value of the Scholarship Foundation's mission.

    Goal 5 Recruit and engage directors who provide major mission, philanthropic, and/or USMC leadership support in order to provide strategic direction and support to the Scholarship Foundation.

    Goal 6 Hire and retain a staff team of collaborative experts fully committed to mission attainment and excellence.

  3. What are the organization's capabilities for doing this?
    The Marine Corps Scholarship Foundation has an experienced staff in both terms of fundraising and managing a comprehensive scholarship program and is supported by a dedicated Board of Directors and over 800 volunteers across America.

    The Marine Corps Scholarship Foundation has a long lasting working relationship with the U.S. Marine Corps which allows us to communicate with the senior leadership on a regular basis on the impact and value of the Scholarship Foundation's impact on Marine Corps families.
  4. How will they know if they are making progress?
    The Marine Corps Scholarship Foundation tracks a wide variety of metrics to include submission of applications by year, demographics of scholarship recipients, average GPA, average family income, majors being pursed, retention and graduation rates of recipients.

    In addition, the Marine Corps Scholarship Foundation has established metrics for evaluating all fundraising activities to include net revenue, net expenses, the cost per dollar to raise a dollar and other associated expenses.
  5. What have and haven't they accomplished so far?
    The Marine Corps Scholarship Foundation has accomplished its goals with 90% of its scholarship recipients graduating or on track to graduate from their schools which is nearly twice the national average.

    On a yearly basis, the Board of Directors evaluates the scholarship program to ensure it provides financial need-based support to all who qualify, encourages and rewards scholastic merit, and considers the impact of parent's service on child's life.

    The Marine Corps Scholarship Foundation provides scholarships to every eligible applicant.

Service Areas

Self-reported

National

Founded in 1962, the Marine Corps Scholarship Foundation provides need-based academic scholarships to the children of Marines and the Navy Corpsmen who serve with them. The scholarship Foundation has provided over 35,000 scholarships valued at more than $100 million to students in all 50 states, the District of Columbia and overseas bases and territories.

Social Media

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

MARINE CORPS SCHOLARSHIP FOUNDATION INC
Fiscal year: Jan 01-Dec 31
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

MARINE CORPS SCHOLARSHIP FOUNDATION INC

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2014, 2013 and 2012
  • Board Chair
  • Access to the GuideStar Community
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President and CEO

Margaret B. Davis

Governance

BOARD CHAIR

LtGen Martin R. Steele USMC (Ret.)

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization

Yes

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Yes

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Yes

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Yes

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

No

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?