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
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.
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
Among its reported 2024 grants, the largest include Memorial Sloan Kettering Cancer Center ($20,800), The Arc Westchester Foundation ($20,800).
| 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 |
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
Frequently Asked Questions
What does Mbia Foundation fund?
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/nutritio…
How do I apply for a grant from Mbia Foundation?
Recent grant history shows the foundation distributes funds across multiple categories: • **Social & Human Services**: Approximately 34% of giving • **Education**: Approximately 21% of giving • **Religion**: Approximately 13% of giving Recent grants include awards to Memorial Sloan Kettering Cancer Center ($20,800), John Jay College Foundation ($8,000), Church of God of Prophecy ($36,000), Church of St Patrick's ($29,100), World Central Kitchen ($1,500), and Legal Services of the Hudson Valley.…
Where does Mbia Foundation make 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.
What size grants does Mbia Foundation award?
In 2024, Mbia Foundation awarded 2 grants totaling $42K — an average of about $21K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Mbia Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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