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M C Scholarship Foundation is a private trust based in NEWPORT, RI. The foundation received its IRS ruling in 1967. The principal officer is Susan Daly. It holds total assets of $803K. Annual income is reported at $231K. The foundation is governed by 2 officers and trustees. Tax records are available from 2020 to 2023. Funding is distributed across 5 states, including Florida, New York, Connecticut. According to available records, M C Scholarship Foundation has made 16 grants totaling $108K, with a median grant of $6K. Annual giving has grown from $44K in 2022 to $64K in 2023. Individual grants have ranged from $1K to $20K, with an average award of $7K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in Connecticut, Florida, Pennsylvania, which account for 56% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$800
Median Grant
$4K
Average Grant
$4K
Largest Grant
$10K
Based on 9 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
M C Scholarship Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in CT, FL, PA.
M C Scholarship Foundation has distributed a total of $108K across 16 grants. The median grant size is $6K, with an average of $7K. Individual grants have ranged from $1K to $20K.
The application deadline is See 2b above.
M C Scholarship Foundation is headquartered in NEWPORT, RI. While based in RI, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Susan Daly | Trustee | $0 | $0 | N/A |
| Timothy Bingham | Trustee | $0 | $0 | N/A |
Total Giving
$76K
Total Assets
$769K
Fair Market Value
$938K
Net Worth
$769K
Grants Paid
$64K
Contributions
N/A
Net Investment Income
$35K
Distribution Amount
$45K
Total Grants
16
Total Giving
$108K
Average Grant
$7K
Median Grant
$6K
Unique Recipients
10
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Taft SchoolProvide scholarships | Watertown, CT | $20K | 2023 |
| Moravian AcademyProvide Scholarships | Bethlehem, PA | $10K | 2023 |
| Yale UniversityProvide scholarships | New Haven, CT | $10K | 2023 |
| The Cathedral SchoolProvide scholarships | Jacksonville, FL | $8K | 2023 |
| Episcopal School Of JacksonvilleProvide scholarships | Jacksonville, FL | $7K | 2023 |
| University Of Virginia Medical SchoProvide Scholarships | Boone, IA | $6K | 2023 |
| Sail NewportProvide scholarships | Newport, RI | $2K | 2023 |
| Bishop John T Walker School For BoyProvide scholarships | Washington, DC | $1K | 2023 |
| Vassar CollegeProvide scholarships | Poughkeepsie, NY | $6K | 2022 |
| Northeastern UniversityProvide scholarships | Boston, MA | $6K | 2022 |