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Filing year 2023

MBK EDUCATIONAL FOUNDATION INC

New York, New York·EIN 26-2987483·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$10.9M
Total assets
$7.8M
Total expenses
$10.9M
Reported officers
1

Reported officers (all unpaid)

No paid executives reported in 2023. MBK EDUCATIONAL FOUNDATION INC reported 1 unpaid officer or board member on its 990-PF.

Director, President

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$3.6M

Itemized grants

6

Median grant

$150k

RecipientLocationPurposeAmount
THE METROPOLITAN MUSEUM OF ARTNEW YORK, NYTO 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.$2.5M
MBK SCHOLARSHIP FOUNDATIONKSTO SUPPORT MBK SCHOLARSHIP FOUNDATION'S SCHOLARSHIP MAKING ACTIVITIES TO FINANCIALLY NEEDY STUDENTS IN KOREA.$800k
NEW YORK PUBLIC LIBRARY ASTOR LENNOX AND TILDEN FDNNEW YORK, NYTO 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.$250k
SOLOMAN R GUGGENHEIM FOUNDATIONNEW YORK, NYTO SUPPORT OF GUGGENHEIM EDUCATION PROGRAMS 2023 -24$50k
WELLESLEY COLLEGEWELLESLEY, MASUPPORT FOR A FACULTY OFFICE IN THE SCIENCE CENTER$25k
GRACE CHURCH SCHOOLNEW YORK, NYGENERAL EDUCATIONAL SUPPORT$13k
Compare this foundation's grantees

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in New York

MBK EDUCATIONAL FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in New York earns a median of $20,079.

25th percentile
$6k
Median
$20,079
75th percentile
$88k
90th percentile
$228k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 2,519 organizations across 2,519 filings (2020 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for New York
FAQ

Common questions about MBK EDUCATIONAL FOUNDATION INC

What are MBK EDUCATIONAL FOUNDATION INC's revenue and expenses?

In 2023, MBK EDUCATIONAL FOUNDATION INC reported $10.9M in total revenue and $10.9M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.