Marine Corps Scholarship Foundation

Year Founded:

1995

Address:

909 N Washington Street NO 400
Alexandria, VA

EIN:

22-1905062

Top Leadership Pay:

President and CEO Robert Ruark, $279,012

Employees:

39

Revenue:

$21,228,504

Expenses:

$14,832,003

Description

Based on its 2020 tax return, we calculate that the Marine Corps Scholarship Foundation spent 33.8 percent of its $14.8 million budget on overhead. This is higher than our recommended 25 percent overhead spending.

The net assets of the Marine Corps Scholarship Foundation equal 7.9 times its annual budget. This may be an indication that the group is spending too little of its donations on programs. We recommend net assets exceed no more than 3 years of the group’s annual budget.

According to the New York Attorney General, the Marine Corps Scholarship Foundation reported raising $3,131,527.82 from solicitation campaigns using professional fundraising firms between 2015 and 2019. Of this, only $1,395,326.19 (44.6 percent) went to the charity; the rest was kept by the solicitors. Read more here.

We do not recommend giving to the Marine Corps Scholarship Foundation. See our lists of Highly Recommended Charities and Recommended Charities for alternatives.

Mission Statement

To honor Marines by educating their children.