Mbia Foundation
Mbia Foundation is a private foundation based in Purchase, New York. MBIA says it established the foundation in 2001 for consistent corporate giving. Its 2023 filing is marked as a final return, and the filing states that the foundation’s officers dissolved it during the 2024 tax year. The foundation therefore appears to have wound down, although its 2024 filing reports two grants.
Mbia Foundation at a glance
In short: Mbia Foundation gave $42K across 2 grants in 2024 (avg $21K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $41,600
- -17.6% vs 2023
- Grants made (2024)
- 2
- -83.3% vs 2023
- Average grant
- $20,800
- +394.6% vs 2023
- Median grant
- $20,800
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Mbia Foundation
- Accepts unsolicited proposals
- No
- Contact
Mailing address: 1 Manhattanville Road Suite 301, Purchase, NY 10577
Phone: (914) 765-3834
Website: https://investor.mbia.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Mbia Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Memorial Sloan Kettering Cancer Center ($21K). Together the top 2 received $42K.
Grant Size Distribution
778 grants across all recorded years
The most common grant size was under $50K: 738 grants of 778 (95%).
Geographic Focus
Where this funder awards grants
Both reported 2024 grants went to organizations in New York.
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Mbia Foundation gives
- Giving fell 96% from 2021 to 2024. Method
- In 2024 it paid out well above 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 $42K (2024) to $5.5M (2022). In 2024 it made 2 grants totaling $42K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Memorial Sloan Kettering Cancer Center New York, NY | General Operating Purpose | $20,800 |
| The Arc Westchester Foundation Hawthorne, NY | General Operating Purpose | $20,800 |
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Financial History
Multi-year comparison from IRS filings
Reported figures by filing year are below. Assets were not provided for 2024.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $391 | $43,290 | $41,600 | 2 | $43,290 | $391 | $1,123 |
| 2023 | $42,899 | $1,149 | $20,052 | $50,470 | 12 | $65,936 | $972 | $49,455 |
| 2022 | $61,761 | $180,590 | $5,658,635 | $5,534,212 | 321 | $5,604,640 | $124,627 | $230,404 |
| 2021 | $5,539,847 | $389,242 | $1,212,835 | $1,120,296 | 182 | $1,170,145 | $346,802 | $332,585 |
| 2020 | $6,362,925 | $337,428 | $2,110,753 | $2,011,043 | 261 | — | $291,936 | $359,712 |
Under IRS private-foundation payout rules, Mbia Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
MBIA’s website describes the foundation’s purpose as consistent corporate giving. The available information does not specify particular program areas or a more detailed grantmaking mission.
Grantmaking
In filing year 2024, the foundation reported two grants totaling $41,600. Both were $20,800, and both went to New York recipients for general operating purposes: Memorial Sloan Kettering Cancer Center in New York City and The Arc Westchester Foundation in Hawthorne.
The foundation states that it contributes only to preselected charitable organizations and does not accept unsolicited requests.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Kimberly Osgood as director/president; Joseph Buonadonna as director/treasurer; Jean McGovern as director/secretary; Sue Voltz and Rich McKay as directors; and Christopher Young and Dan Avitabile as directors/vice presidents.
Mbia Foundation is led by Kimberly Osgood, Director & President on every filing since 2020; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kimberly Osgood
Director & President
On filings since 2020
4 hrs/week
No compensation reported
Christopher Young
Director & Vice President
Director → Director & Vice President, 2021
On filings since 2020
1 hr/week
No compensation reported
Dan Avitabile
Director & Vice President
Director → Director & Vice President, 2021
On filings since 2020
1 hr/week
No compensation reported
Jean McGovern
Director & Secretary
On filings since 2020
8 hrs/week
No compensation reported
Joseph Buonadonna
Director & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Rich McKay
Director
On filings since 2020
1 hr/week
No compensation reported
Sue Voltz
Director
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Oliver North (2020–2021) — Director & Vice President
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 Mbia Foundation
How much does Mbia Foundation give each year?
Mbia Foundation gave $42K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $50K across 12 grants.
What does Mbia Foundation fund?
MBIA’s website describes the foundation’s purpose as consistent corporate giving. The available information does not specify particular program areas or a more detailed grantmaking mission. See mission & focus areas ↑
How do I apply for a grant from Mbia Foundation?
Mbia Foundation does not accept unsolicited proposals, according to Grantable's research on its published guidelines. Check investor.mbia.com for any change to that policy.
Where does Mbia Foundation make grants?
Both reported 2024 grants went to organizations in New York.
How much is Mbia Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mbia Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mbia Foundation's EIN?
Mbia Foundation's EIN (Employer Identification Number) is 13-4163899. IRS Form 990 filing data is available on this page for 2020–2024.
Does Mbia Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
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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Figures come from Mbia Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Mbia Foundation down — hundreds of funders to go?