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Mbk Educational Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2010. The principal officer is Mimi Kim. It holds total assets of $26.1M. Annual income is reported at $27M. Total assets have grown from $6M in 2011 to $26.1M in 2024. The foundation is governed by 1 officer or trustee. 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 2020 to 2024. According to available records, Mbk Educational Foundation Inc. has made 6 grants totaling $2.9M, with a median grant of $500K. Individual grants have ranged from $100K to $850K, with an average award of $483K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in New York and Illinois. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$50K
Average Grant
$187K
Largest Grant
$500K
Based on 3 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.
Mbk Educational Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in NY, IL.
Mbk Educational Foundation Inc. has distributed a total of $2.9M across 6 grants. The median grant size is $500K, with an average of $483K. Individual grants have ranged from $100K to $850K.
Mbk Educational Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Mbk Educational Foundation Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mimi Okkyung Kim | DIRECTOR, PRESIDENT | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$26.1M
Fair Market Value
N/A
Net Worth
$302
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
6
Total Giving
$2.9M
Average Grant
$483K
Median Grant
$500K
Unique Recipients
3
Most Common Grant
$500K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| MbkTO SUPPORT MBK SCHOLARSHIP FOUNDATION'S SCHOLARSHIP MAKING ACTIVITIES TO FINANCIALLY NEEDY STUDENTS IN KOREA. | Seoul | $850K | 2022 |
| New York Public Library Astor Lennox And Tilden FdnTO SUPPORT NEW TECHNOLOGY, COLLECTIONS, AND OVERALL REFRESH OF THE MUHLENBERG LIBRARY'S CHILDREN AND TEEN CENTER, AS WELL AS SUPPORT YOUTH EDUCATIONAL INITIATIVES, INCLUDING NYPL AFTER SCHOOL AND ENHANCED TEEN PROGRAMMING. | New York, NY | $500K | 2022 |
| The University Of ChicagoTO PROVIDE EXPENDABLE SUPPORT TO THE ODYSSEY SCHOLARSHIP PROGRAM | Chicago, IL | $100K | 2022 |