The MBIA Foundation is a private, company-sponsored foundation established in 2001 and based in Purchase, New York. The foundation operates as a philanthropic organization supporting diverse causes across the United States through grants and donations to various nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$42K
-17.6% YoY
Grant Count
2
-83.3% YoY
Avg Grant Size
$21K
+394.6% YoY
Mission & Focus Areas
The foundation supports programs designed to serve children and families through education, health services, and human services. Its funding interests span a broad range of subject areas including:
- Children and Youth: Programs serving children and youth development
- Education: Elementary and secondary education, higher education, graduate and professional education, and law education
- Health: Disease prevention and health services, including diabetes and other endocrine/nutritional/metabolic diseases
- Arts and Culture: Museums and cultural institutions
- Community and Economic Development: Community development and economic initiatives
- Religion: Christian organizations and religious institutions
- Human Services: Food aid, food banks, family services, and parent education
Grantmaking
Recent grant history shows the foundation distributes funds across multiple categories:
Review Cycle
.
How to Apply
**: Applicants must prepare a compelling grant proposal including company details, vendor information, and budget invoices. There are no stated application deadlines.
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Geographic Focus
Where this funder awards grants
The foundation supports numerous cities and states across the United States. Approximately 64% of grants remain in New York. Other states receiving significant grant support include New Jersey, Connecticut, Massachusetts, and Illinois. The foundation's geographic reach extends to California, Texas, and numerous other states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Based on the most recent available financial data:
- Total Assets: $42,899–$61,761
- Total Annual Giving: $41,600–$92,070
- Annual Expenses: $43,290
- Annual Revenue: $391
The foundation's financial position reflects its status as an active grantmaking organization with modest but consistent philanthropic activity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $42,899 | $61,761 |
| Revenue | $391 | $1,149 | $180,590 |
| Expenses | $43,290 | $20,052 | $5,658,635 |
| Qualifying Distributions | $43,290 | $65,936 | $5,604,640 |
| Net Investment Income | $391 | $972 | $124,627 |
| Distributable Amount | $1,123 | $49,455 | $230,404 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
164 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by a volunteer board of directors:
- Kimberly Osgood - Director/President
- Joseph Buonadonna - Director/Treasurer
- Jean McGovern - Director/Secretary
- Christopher Young - Director/Vice President
- Dan Avitabile - Director/Vice President
- Rich McKay - Director
- Sue Voltz - Director
All board members serve on a voluntary basis without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KIMBERLY OSGOOD | DIRECTOR/PRESIDENT | 4 | — |
| JOSEPH BUONADONNA | DIRECTOR/TREASURER | 1 | — |
| JEAN MCGOVERN | DIRECTOR/SECRETARY | 8 | — |
| SUE VOLTZ | DIRECTOR | 1 | — |
| CHRISTOPHER YOUNG | DIRECTOR/VICE PRESIDENT | 1 | — |
| RICH MCKAY | DIRECTOR | 1 | — |
| DAN AVITABILE | DIRECTOR/VICE PRESIDENT | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has continued its grantmaking activities in recent years, with documented grants supporting organizations such as Legal Services of the Hudson Valley to support Westchester families. The foundation maintains an active presence in its communities of operation and continues to evaluate grant proposals throughout the year.
Boat US Foundation Opens Grant ProgramSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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