Marine Corps Scholarship Foundation

Year Founded:

1995

Address:

909 N Washington Street NO 400
Alexandria, VA 22314

EIN:

22-1905062

Top Leadership Pay:

President and CEO Robert Ruark, $290,843

Employees:

40

Revenue:

$37,411,876

Expenses:

$17,245,029

Description

Based on its 2022 tax return, we calculate that the Marine Corps Scholarship Foundation spent 30.7 percent of its $17.2 million budget on overhead. This is higher than our recommended 25 percent overhead spending.

Additionally, the net assets of the Marine Corps Scholarship Foundation equal 7.71 times its annual budget of $17.2 million. 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.

Furthermore, the 2022 tax return of the Air Force Aid Society showed the group had $24,313 invested outside the United States.

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.