MBI Educational Foundation Inc
MBI Educational Foundation Inc is a private foundation focused on Education, based in Charlottesville, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $694K in total assets. In 2025, it awarded 7 grants totaling $13K. Net investment income was $8K.
MBI Educational Foundation Inc at a glance
In short: MBI Educational Foundation Inc gave $13K across 7 grants in 2025 (avg $2K), top state Nevada. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $12,500
- +400.0% vs 2024
- Grants made (2025)
- 7
- +600.0% vs 2024
- Average grant
- $1,786
- -28.6% vs 2024
- Median grant
- $1,500
- Total assets
- $694,030
- +9.2% vs 2024
- Primary geography
- Nevada (20% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who MBI Educational Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How MBI Educational Foundation Inc gives
- Giving grew 92% from 2022 to 2025. 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 2025, annual grant giving ranged from $3K (2024) to $14K (2020). In 2025 it made 7 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 7 individual scholarships Recipients not named | — | $12,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2025 | $694,030 | $71,586 | $75,674 | $12,500 | 7 | $75,674 | $8,446 |
| 2024 | $635,368 | $243,308 | $27,144 | $2,500 | 1 | $27,144 | $9,290 |
| 2023 | $390,812 | $52,457 | $23,479 | $4,500 | 2 | $23,479 | $7,105 |
| 2022 | $327,846 | $224,344 | $25,840 | $6,500 | 3 | $25,840 | — |
| 2021 | $129,342 | $38,040 | $22,715 | $6,500 | 3 | $22,715 | — |
| 2020 | $114,017 | $54,168 | $29,610 | $14,000 | 4 | — | — |
Leadership & Key People
Officers and directors from IRS filings
MBI Educational Foundation Inc is led by Steven Williams, Executive Director on every filing since 2020; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Steven Williams
Executive Director
On filings since 2020
1 hr/week
No compensation reported
Kathy Wilmot
Chair
Director → Vice Chair, 2021
Vice Chair → Chair, 2025
On filings since 2020
1 hr/week
No compensation reported
Maury Tiernan
Director
On filings since 2020
1 hr/week
No compensation reported
Garth Haakenson
Director
New on the 2025 filing
1 hr/week
No compensation reported
Gary Davenport
Director
New on the 2025 filing
1 hr/week
No compensation reported
Paula Travis
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kelly Williams
Past Chair
Vice Chair → Chair, 2021
Chair → Past Chair, 2025
On filings since 2020
1 hr/week
No compensation reported
Mike Rhodes
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (6)
- Former: Brad Gudeman (2020–2024) — Director
- Former: Kent Anderson (2020–2024) — Director
- Former: Michael Bollero Sr. (2020–2024) — Director
- Former: Ralph Tavares (2020–2024) — Director
- Former: Ciff Cort (2021) — Director
- Former: John Erb (2020) — Chair
Data from IRS Form 990 filings, 2020–2025. "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 MBI Educational Foundation Inc
How much does MBI Educational Foundation Inc give each year?
MBI Educational Foundation Inc gave $13K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3K across 1 grant.
What is MBI Educational Foundation Inc's typical grant size?
MBI Educational Foundation Inc's median grant in 2025 was $1,500, and its average grant was $1,786, across 7 grants on its 2025 IRS Form 990-PF.
Where does MBI Educational Foundation Inc give grants?
MBI Educational Foundation Inc's top state is Nevada, with 20% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Pennsylvania (20%) and West Virginia (12%).
Does MBI Educational Foundation Inc give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on MBI Educational Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (7 grants).
How large is MBI Educational Foundation Inc?
MBI Educational Foundation Inc reported $694K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $72K.
What is MBI Educational Foundation Inc?
MBI Educational Foundation Inc is a private foundation focused on Education, based in Charlottesville, VA. It holds $694K in total assets as of 2025.
What is MBI Educational Foundation Inc's EIN?
MBI Educational Foundation Inc's EIN (Employer Identification Number) is 54-2005704. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 18, 2026)
- IRS filings on file for fiscal years 2020–2024
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