Malcolm Gibbs Foundation Inc

NEW YORK, NY EIN: 13-4041340

Malcolm Gibbs Foundation Inc is a private foundation established in 1999 and based in New York City. The foundation operates as a 501(c)(3) organization with tax-exempt status since August 1999. It functions as an independent grantmaking foundation supporting various charitable causes across the United States.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$16.9M

-1.3% YoY

Annual Giving

$727K

Grant Count

Avg Grant Size

$9K

Under IRS private-foundation payout rules, Malcolm Gibbs Foundation Inc reported a distributable amount of $969K for 2025 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation gives primarily for:

Performing arts
Education
Human services
Hospital care and medical institutions

The foundation has a particular focus on funding the psychiatry department at Mount Sinai Medical Center.

Grantmaking

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Geographic Focus

Where this funder awards grants

The foundation provides funding to organizations across multiple U.S. states and cities, including:

New York
Massachusetts
California
Connecticut
Alabama
Florida
Illinois
Ohio
Rhode Island

Primary funding concentrations include New York, Boston, Brooklyn, and Cincinnati.

Grant Distribution by State

New York $1.4M (78%)

Massachusetts $216K (12%)

District of Columbia $73K (4%)

California $64K (4%)

Rhode Island $12K (1%)

Florida $8K (0%)

Oregon $5K (0%)

North Carolina $2K (0%)

+7 more states

States

Alabama California Colorado Connecticut District of Columbia Florida Iowa Idaho Massachusetts North Carolina New York Ohio Oregon Rhode Island South Carolina

Cities

BeavertonBecketBinghamtonBostonBronxBrooklynCambridgeCharlestonCincinnattiCutchogueDenverDes MoinesFairfieldGreat BarringtonGreenportHaileyHastings On HudsonHastingsonhudsonIthaca NyLenox

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year Ending January 2023:

Metric	Amount
Total Assets	$17.3 million
Total Revenues	$1.54 million
Total Expenses	$1.27 million
Total Liabilities	$0
Investment Income & Dividends	$1.11 million
Grants & Contributions Received	$43,371

Revenue Composition (2023):

Investment income and dividends: $1.11 million
Net gain from sale of non-inventory assets: $374,206
Miscellaneous revenues: $15,659

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$16,912,843	$17,128,469	$17,301,768
Revenue	$1,054,759	—	$1,541,351
Expenses	$1,229,188	—	$1,269,897
Qualifying Distributions	$897,791	—	$927,446
Net Investment Income	$738,489	—	$1,182,834
Distributable Amount	$969,032	—	$931,139

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Grant Size Distribution

200 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Guttman Comunity College Foundation ($70,000), Doctors Without Borders ($42,500), Natl Institute for Reproductive Hea ($35,000).

Recipient	Purpose	Amount
18 DEGREES PITTSFIELD, MA	GENERAL	$500
ALL AMERICANS VOTE WASHINGTON, DC	GENERAL	$2,500
AMERICAN RED CROSS LOS ANGELES, CA	GENERAL	$7,757
ANIMAL CARE CENTERS OF NYC NEW YORK, NY	GENERAL	$1,000
ASPCA NEW YORK, NY	GENERAL	$5,000
AUTHORS GUILD FDN GIVING SOCIETY NEW YORK, NY	GENERAL	$5,000
BABY2BABY LOS ANGELES, CA	GENERAL	$5,000
BAIL PROJECT VENICE, CA	GENERAL	$5,000
BERKSHIRE AGRICULTURAL VENTURES GREAT BARRINGTON, MA	GENERAL	$1,000
BERKSHIRE COMMUNITY ACTION COUNCIL PITTSFIELD, MA	GENERAL	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
ANN COLIN HERBST	CHAIRMAN	—	—
LAURA COLIN KLEIN	PRESIDENT	—	—

Contact Information

Address: 14 E 60th St Ste 702, New York City, NY 10022-7125

Telephone: 212-755-2445

EIN: 13-4041340

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Malcolm Gibbs Foundation Inc fund?

The foundation gives primarily for: • Performing arts • Education • Human services • Hospital care and medical institutions The foundation has a particular focus on funding the psychiatry department at Mount Sinai Medical Center.

How do I apply for a grant from Malcolm Gibbs Foundation Inc?

**Grant Activity:** • Total giving in 2023: approximately $727,447 to $765,000 • Recent grants include $101,000 to Railroad Street Youth Project and $30,000 each to Southern Poverty Law Center and Doctors without Borders USA • Typical award range: $240 to $110,000 • The foundation made 44 grants in 2023 **Financial Capacity:** • Total assets: $17.3 million (as of 2023) • Annual revenues: $1.54 million (2023) • Annual expenses: $1.27 million (2023)

Where does Malcolm Gibbs Foundation Inc make grants?

The foundation provides funding to organizations across multiple U.S. states and cities, including: • New York • Massachusetts • California • Connecticut • Alabama • Florida • Illinois • Ohio • Rhode Island Primary funding concentrations include New York, Boston, Brooklyn, and Cincinnati.

What size grants does Malcolm Gibbs Foundation Inc award?

In 2025, Malcolm Gibbs Foundation Inc awarded 83 grants totaling $727K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Malcolm Gibbs Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Malcolm Gibbs Foundation Inc reported a distributable amount of $969K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.