The MB Foundation
Accepts applications
The MB Foundation is a private foundation in Edina, Minnesota. In tax year 2025 it gave $280,000 in 6 grants; the typical grant was $30,000 and the largest $100,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$280,000
- Number of grants6
- Typical grant$30,000
- Largest grant$100,000
- Assets$3.0 million
- New grantees20%
Giving in 2025 was up from $220,000 the year before.
20% of its 2025 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $220,000 | 4 | $2.1 million |
| 2024 | $220,000 | 4 | $2.7 million |
| 2025 | $280,000 | 6 | $3.0 million |
How to apply
| Contact | Terry Laura Becker 6909 Dakota Trail, Edina, MN 55439 |
|---|---|
| Phone or email | (952) 921-3994, tbecker@riverway.com |
| What to submit | Letter format/statement. Include copy of IRS determination letter. |
| Restrictions | Trust is operated exclusively for religious, charitable, scientific, literary and educational purposes within the meaning of irc sec. 170(c) and sec. 501(c). The trust will fund grants to organiations which are exempt from federal income taxation under irc sec. 501(a) by virtue of being described in irc sec. 501(c)(3) or to organizations to which contributions are deductible under irc sections (170)(c)(2), 2055(a) and 2522(a). |
Where it gives
Its grants went to recipients in 2 states, the most to Minnesota.
| State | Grants | Amount |
|---|---|---|
| Minnesota | 5 | $180,000 |
| District of Columbia | 1 | $100,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| American Red Cross | Emergency services | $100,000 |
| YMCA | Beacons/bng programs | $100,000 |
| V3 Sports | General funding | $50,000 |
| Second Harvest Heartland | General funding | $10,000 |
| Feed My Starving Children | Meals | $10,000 |
| YMCA | Silver sneakers program | $10,000 |
Officers and trustees
- Laura LB Becker
- Terry R Becker
Questions people ask
Does The MB Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications.
How much does The MB Foundation give?
$280,000 in tax year 2025, across 6 grants, with a typical grant of $30,000.
Who runs The MB Foundation?
Its 2025 filing lists Laura LB Becker (Trustee) and Terry R Becker (Trustee).