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Mb Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 1997. The principal officer is Aaron Frank. It holds total assets of $494K. Annual income is reported at $219K. Total assets have decreased from $709K in 2010 to $513K in 2022. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Illinois and California. According to available records, Mb Foundation has made 11 grants totaling $200K, with a median grant of $3K. The foundation has distributed between $95K and $105K annually from 2022 to 2023. Individual grants have ranged from $350 to $62K, with an average award of $18K. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in Illinois, Louisiana, Arizona, which account for 91% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$350
Median Grant
$3K
Average Grant
$21K
Largest Grant
$62K
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 Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in IL, LA, AZ.
Mb Foundation has distributed a total of $200K across 11 grants. The median grant size is $3K, with an average of $18K. Individual grants have ranged from $350 to $62K.
Mb Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mb Foundation is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Allen Turner | SECRETARY | $0 | $0 | N/A |
| Michael Frank | PRESIDENT | $0 | $0 | N/A |
| Aaron Frank | VICE-PRESIDENT | $0 | $0 | N/A |
| Marshall Eisenberg | TREASURER | $0 | $0 | N/A |
Total Giving
$96K
Total Assets
$513K
Fair Market Value
$2M
Net Worth
$513K
Grants Paid
$95K
Contributions
N/A
Net Investment Income
$78K
Distribution Amount
$94K
Total Grants
11
Total Giving
$200K
Average Grant
$18K
Median Grant
$3K
Unique Recipients
8
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| JufGENERAL | Chicago, IL | $50K | 2023 |
| PawsGENERAL | Chicago, IL | $33K | 2023 |
| JdrfGENERAL | Chicago, IL | $7K | 2023 |
| Francis W Parker SchoolGENERAL | Chicago, IL | $3K | 2023 |
| The Phoenix ZooGENERAL | Phoenix, AZ | $1K | 2023 |
| The Inner Pup And TipGENERAL | New Orleans, LA | $1K | 2023 |
| Owls LacrosseGENERAL | Chicago, IL | $500 | 2022 |
| GofundmeorgGENERAL | West Hollywood, CA | $350 | 2022 |