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Mb Charitable Foundation is a private corporation based in HACKENSACK, NJ. The foundation received its IRS ruling in 2019. It holds total assets of $163K. Annual income is reported at N/A. Total assets have grown from $66K in 2020 to $182K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of human services. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in New Jersey, New York and California. According to available records, Mb Charitable Foundation has made 26 grants totaling $349K, with a median grant of $6K. Annual giving has grown from $44K in 2020 to $111K in 2023. Grantmaking activity was highest in 2022 with $194K distributed across 16 grants. Individual grants have ranged from $500 to $80K, with an average award of $13K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in New Jersey, California, New York, which account for 88% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$10K
Average Grant
$9K
Largest Grant
$20K
Based on 5 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.
Mb Charitable Foundation primarily funds organizations in the area of human services. Based on available records, the foundation has funded 26 grants. Its grantmaking reaches organizations primarily in NJ, CA, NY.
Mb Charitable Foundation has distributed a total of $349K across 26 grants. The median grant size is $6K, with an average of $13K. Individual grants have ranged from $500 to $80K.
Mb Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mb Charitable Foundation is headquartered in HACKENSACK, NJ. While based in NJ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Manjit Batra | PRESIDENT | $0 | $0 | N/A |
| Manisha Batra | VICE PRESIDENT | $0 | $0 | N/A |
| Tarun Batra | DIRECTOR | $0 | $0 | N/A |
Total Giving
$111K
Total Assets
$182K
Fair Market Value
$182K
Net Worth
$182K
Grants Paid
$111K
Contributions
$100K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
26
Total Giving
$349K
Average Grant
$13K
Median Grant
$6K
Unique Recipients
12
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Memorial Sloan KetteringCOMMUNITY OUTREACH | Basking Ridge, NJ | $80K | 2023 |
| St Jude InternetCOMMUNITY OUTREACH | Redondo Beach, CA | $20K | 2023 |
| Sanjay Anand Charitable FoundationCOMMUNITY OUTREACH | Tottenville Staten Is, NY | $5K | 2023 |
| St Petersburg High School- PtsaCOMMUNITY OUTREACH | St Petersburg, FL | $3K | 2023 |
| Guruji Ka MandirCOMMUNITY OUTREACH | Edison, NJ | $3K | 2023 |
| National PediatrCOMMUNITY OUTREACH | Corona, NY | $10K | 2022 |
| International Mission Of MercyCOMMUNITY OUTREACH | Edison, NJ | $7K | 2022 |
| Guruji Ki Esangat IncCOMMUNITY OUTREACH | Somerset, NJ | $3K | 2022 |
| InmfusaCOMMUNITY OUTREACH | Washington, DC | $2K | 2022 |
| Edison Jets Football And CheerCOMMUNITY OUTREACH | Edison, NJ | $500 | 2022 |
| Spread The Joy FoundationCOMMUNITY OUTREACH | Princeton, NJ | $3K | 2020 |
| Aspca DonationCOMMUNITY OUTREACH | New York, NY | $500 | 2020 |