MB Charitable Foundation
MB Charitable Foundation is a private foundation focused on Human Services, based in Hackensack, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $163K in total assets. In 2024, it awarded 3 grants totaling $16K.
MB Charitable Foundation at a glance
In short: MB Charitable Foundation gave $16K across 3 grants in 2024 (avg $5K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $16,100
- -85.5% vs 2023
- Grants made (2024)
- 3
- -40.0% vs 2023
- Average grant
- $5,367
- -75.8% vs 2023
- Median grant
- $5,100
- Total assets
- $163,382
- -10.2% vs 2023
- Primary geography
- New Jersey (68% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who MB Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Guruji Ka Mandir ($9K). Together the top 3 received $16K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 28 grants of 30 (93%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How MB Charitable Foundation gives
- Giving fell 87% from 2021 to 2024. Method
- In 2024 it paid out 189% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $16K (2024) to $120K (2021). In 2024 it made 3 grants totaling $16K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Guruji Ka Mandir Edison, NJ | Community Outreach | $9,000 |
| Veerayatan International Inc Hughesville, MD | Community Outreach | $5,100 |
| International Mission of Mercy USA Edison, NJ | Community Outreach | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $163,382 | — | $18,600 | $16,100 | 3 | $16,100 | $8,505 |
| 2023 | $181,982 | $100,000 | $111,000 | $111,000 | 5 | $111,000 | — |
| 2022 | $192,982 | $150,000 | $103,584 | $97,234 | 8 | $97,234 | — |
| 2021 | $146,566 | $200,000 | $119,900 | $119,900 | 9 | $119,900 | — |
| 2020 | $66,466 | $60,000 | $43,534 | $43,500 | 5 | — | — |
Under IRS private-foundation payout rules, MB Charitable Foundation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
MB Charitable Foundation is led by Manjit Batra, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Manjit Batra
President
On filings since 2020
1 hr/week
No compensation reported
Tarun Batra
Director
On filings since 2020
1 hr/week
No compensation reported
Manisha Batra
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about MB Charitable Foundation
How much does MB Charitable Foundation give each year?
MB Charitable Foundation gave $16K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $111K across 5 grants.
What is MB Charitable Foundation's typical grant size?
MB Charitable Foundation's median grant in 2024 was $5,100, and its average grant was $5,367, across 3 grants on its 2024 IRS Form 990-PF.
Where does MB Charitable Foundation give grants?
MB Charitable Foundation gives mostly in New Jersey: 68% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Maryland (32%). The most frequent recipient cities were Edison, NJ (2 grants).
Does MB Charitable Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on MB Charitable Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community Outreach" (3 grants).
How large is MB Charitable Foundation?
MB Charitable Foundation reported $163K in total assets on its 2024 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $9K (roughly 5% of its investment assets).
What is MB Charitable Foundation?
MB Charitable Foundation is a private foundation focused on Human Services, based in Hackensack, NJ. It holds $163K in total assets as of 2024.
What is MB Charitable Foundation's EIN?
MB Charitable Foundation's EIN (Employer Identification Number) is 84-2249286. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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