MBK Educational Foundation Inc
Preselected recipients only
MBK Educational Foundation Inc is a private foundation in New York, New York. In tax year 2024 it gave $27.0 million in 7 grants; the typical grant was $358,333 and the largest $4.6 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$27.0 million
- Number of grants7
- Typical grant$358,333
- Largest grant$4.6 million
- Assets$26.1 million
- New grantees29%
Giving in 2024 was up from $10.9 million the year before.
29% of its 2024 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 | $10.9 million | 6 | $7.8 million |
| 2024 | $27.0 million | 7 | $26.1 million |
How to apply
MBK Educational Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What MBK Educational Foundation Inc funds
Where it gives
Its US grants went to recipients in 3 states, the most to Pennsylvania. It also paid $800,000 in 1 grant to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| Pennsylvania | 1 | $4.6 million |
| New York | 4 | $2.9 million |
| Illinois | 1 | $358,333 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Haverford College | To support the construction of a new building for the ethical inquiry and leadership institute to be named the michael b. Kim institute for ethical inquiry and leadership (hereinafter, "space") and establishing the michael b. Kim institute for ethical inquiry and leadership endowed fund (hereinafter, "fund") in support of the operation and activities of the michael b. Kim institute for ethical inquiry and leadership (the "institute"). | $4.6 million |
| The Metropolitan Museum of Art | To support the museum's plans in the area of modern and contemporary art specifically for the costs associated with the construction, maintenance, operations, programming, or other needs of a new or renovated modern wing (the "new modern wing"), and other activities undertaken with the goal of keeping the museum at the forefront of presenting modern and contemporary art to the public, at the museum's sole discretion. | $2.5 million |
| MBK Scholarship Foundation | To support mbk scholarship foundation's scholarship making activities to financially needy students in korea. | $800,000 |
| University of Chicago | The gift shall be expendable and shall be used to create and support an expendable fund to be known as the kim and park study of the book program fund the assets of the program fund shall be used to support the library's new study of the book program. | $358,333 |
| New York Public Library Astor Lennox and Tilden Fdn | To 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. | $250,000 |
| Soloman R Guggenheim Foundation | To support of guggenheim education programs 2024-25 | $50,000 |
| Grace Church School | General educational support | $7,500 |
Officers and trustees
- Mimi Okkyung Kim
Questions people ask
Does MBK Educational Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does MBK Educational Foundation Inc give?
$27.0 million in tax year 2024, across 7 grants, with a typical grant of $358,333.
Who runs MBK Educational Foundation Inc?
Its 2024 filing lists Mimi Okkyung Kim (Director, President).
What does MBK Educational Foundation Inc fund?
Based on its grants, mainly education.