MC Scholarship Foundation
NEWPORT, RI EIN: 22-6078909
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$803K
+4.5% YoY
Annual Giving
$45K
-29.7% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$6K
-29.7% YoY
Go deeper than public filings
PRO- Giving trend analysis — growing or declining?
- Organizations like yours that won grants here
- Strategic fit assessment for your organization
- Application timing recommendations
Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $803,330 | $769,023 | $794,401 |
| Revenue | $93,252 | $50,463 | $37,541 |
| Expenses | $58,945 | $76,254 | $58,071 |
| Qualifying Distributions | $45,000 | $64,000 | $44,000 |
| Net Investment Income | $76,055 | $34,565 | $21,188 |
| Distributable Amount | $44,520 | $44,748 | $48,702 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does MC Scholarship Foundation fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
- Similar orgs that won grants here
- GrantGraph™ relationship mapping
- 11M+ connections in GrantGraph™
Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Susan Daly | Trustee | 0.25 | — |
| Timothy Bingham | Trustee | 0.25 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Connecticut $110K (46%)
Florida $48K (20%)
Pennsylvania $22K (9%)
Rhode Island $19K (8%)
Massachusetts $11K (5%)
New York $11K (5%)
Iowa $6K (3%)
Arkansas $5K (2%)
+2 more states
States
Cities
AlexandriaBethlehemBooneBostonConwayJacksonvilleNew HavenNew YorkNewportPoughkeepsieProvidenceWashingtonWatertown
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
What could you do with MC Scholarship Foundation on Grantable?
- Assess strategic fit with your organization
- Get AI-generated opportunity briefs
- Monitor for new funding opportunities
- Draft a tailored letter of inquiry