Virginia · Nonprofit
MARINE CORPS SCHOLARSHIP FOUNDATION INC
MARINE CORPS SCHOLARSHIP FOUNDATION INC (Virginia) receives grants from 366 organizations whose IRS filings report $49,104,136 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($7,895,102). 187 of them have funded it in more than one year.
- Revenue FY2025
- $39M
- Funders on record
- 366
- Grants received
- $49M
- Net assets
- $178M
What Marine Corps Scholarship Foundation Inc does
Mission
See schedule othe marine corps scholarship foundation is the nation's oldest and largest provider of need-based scholarships to military children. Founded in 1962, the marine corps scholarship foundation provides access to education for the children of marines, navy corpsmen, and religious program specialists attending post-high school, undergraduate, and career technical education programs. Throughout our history, we have awarded more than 60,000 scholarships valued at more than $235 million. Every qualified student who has applied has received aid.
As stated on its FY2025 Form 990.
Program
For the 2025-2026 academic year, the marine corps scholarship foundation awarded $12.1 million to 2,886 children of marines and navy corpsmen in all 50 states and overseas.the quality of the students we invest in, children raised by honorable marine parents, is highlighted in their academic accomplishments. They graduate at a rate of 91% (compared to 54% nationally), demonstrating that our investment in their education pays off. With 63% of our recipients reporting little to no debt at graduation (compared to an average student debt of $30,000 upon graduation nationally), we are confident that our scholarship support makes a significant impact in their lives after graduation.
$14,120,233 spentof which $11,695,398 as grants100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $14,120,233.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $126M to $149M (+18%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 2% · 2022 2%. Grants only. Government contracts and fees sit inside program revenue.
62% of MARINE CORPS SCHOLARSHIP FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Edward Probert
President and CEO
Board chair
Robert B Neller
Chair
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2020 and FY2021, and between the FY2021 and FY2022 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 87 funders to 130 funders, grant income rose $2.2M → $9.5M.
54 of 366 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 42% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of MARINE CORPS SCHOLARSHIP FOUNDATION INC’s funders (the co-funder graph). Top 30 of 366 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
MARINE CORPS SCHOLARSHIP FOUNDATION INC has a broad base — no single funder exceeds 16% of grant income, and it takes 7 funders to reach half.
the vertical line marks half of all grant income — 7 funders to its left
51% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MARINE CORPS SCHOLARSHIP FOUNDATION INC.
Largest funder’s share by year: 2017 15% · 2018 19% · 2019 42% · 2020 37% · 2021 39% · 2022 15% · 2023 52% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
38% of MARINE CORPS SCHOLARSHIP FOUNDATION INC's funders are still giving 3 years after their first grant; 51% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
MARINE CORPS SCHOLARSHIP FOUNDATION INC draws 99% of its grant income from funders outside Virginia, across 29 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $21M arriving through sponsors registered in 25 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
MARINE CORPS SCHOLARSHIP FOUNDATION INC runs a healthier operating margin than three-quarters of the 3,794 education nonprofits its size.
this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025
Organizations like MARINE CORPS SCHOLARSHIP FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
64% of spending goes to programs.
Governance
Public support
69%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 28 states
Part of a family of 1 related entity
- Brown Hudner Navy Scholarship Foundation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for MARINE CORPS SCHOLARSHIP FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MARINE CORPS SCHOLARSHIP FOUNDATION INC?
- MARINE CORPS SCHOLARSHIP FOUNDATION INC (Virginia) receives grants from 366 organizations whose IRS filings report $49,104,136 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($7,895,102). 187 of them have funded it in more than one year.
- How many funders does MARINE CORPS SCHOLARSHIP FOUNDATION INC have?
- IRS filings report 366 organizations giving $49,104,136 in grants to MARINE CORPS SCHOLARSHIP FOUNDATION INC, 187 of which have funded it in more than one year.
- Who is the largest funder of MARINE CORPS SCHOLARSHIP FOUNDATION INC?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $7,895,102 in grants. The full list of funders is on this page.
- How can an organization like MARINE CORPS SCHOLARSHIP FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Marine Corps Scholarship →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 366 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing