MBK Educational Foundation Inc
MBK Educational Foundation Inc is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $26.1M in total assets. In 2024, it awarded 7 grants totaling $8.6M.
MBK Educational Foundation Inc at a glance
In short: MBK Educational Foundation Inc gave $8.6M across 7 grants in 2024 (avg $1.2M), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $8,615,833
- +136.9% vs 2023
- Grants made (2024)
- 7
- +16.7% vs 2023
- Average grant
- $1,230,833
- +103.0% vs 2023
- Median grant
- $358,333
- Total assets
- $26,116,969
- +237.0% vs 2023
- Primary geography
- Pennsylvania (53% 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 MBK Educational Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Haverford College ($4.6M). Together the top 7 received $8.6M.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was in the $50–100K range: 6 grants of 24 (25%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How MBK Educational Foundation Inc gives
- Giving grew 673% 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 $560K (2020) to $8.6M (2024). In 2024 it made 7 grants totaling $8.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Haverford College Haverford, PA | To support the construction of a new building for the ethical inquiry and leadership institute to be named the michael b. Kim institute for ethical inquiry and leadership (hereinafter, "space") and establishing the michael b. Kim institute for ethical inquiry and leadership endowed fund (hereinafter, "fund") in support of the operation and activities of the michael b. Kim institute for ethical inquiry and leadership (the "institute"). | $4,600,000 |
| The Metropolitan Museum of Art New York, NY | To support the museum's plans in the area of modern and contemporary art specifically for the costs associated with the construction, maintenance, operations, programming, or other needs of a new or renovated modern wing (the "new modern wing"), and other activities undertaken with the goal of keeping the museum at the forefront of presenting modern and contemporary art to the public, at the museum's sole discretion. | $2,550,000 |
| MBK Scholarship Foundation | To support mbk scholarship foundation's scholarship making activities to financially needy students in korea. | $800,000 |
| University of Chicago Chicago, IL | The gift shall be expendable and shall be used to create and support an expendable fund to be known as the kim and park study of the book program fund the assets of the program fund shall be used to support the library's new study of the book program. | $358,333 |
| New York Public Library Astor Lennox and Tilden Fdn New York, NY | To support new technology, collections, and overall refresh of the muhlenberg library's children and teen center, as well as support youth educational initiatives, including nypl after school and enhanced teen programming. | $250,000 |
| Soloman R Guggenheim Foundation New York, NY | To Support of Guggenheim Education Programs 2024-25 | $50,000 |
| Grace Church School New York, NY | General Educational Support | $7,500 |
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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 | $26,116,969 | $26,982,900 | $26,983,002 | $8,615,833 | 7 | $8,616,335 | $140 |
| 2023 | $7,750,404 | $10,864,800 | $10,869,833 | $3,637,500 | 6 | $3,640,333 | $25 |
| 2022 | $530,437 | $1,962,000 | $1,957,151 | $1,450,000 | 3 | $1,457,151 | $130 |
| 2021 | $50,588 | $1,122,707 | $1,123,055 | $1,115,000 | 5 | $1,123,055 | $470 |
| 2020 | $75,936 | $570,000 | $570,034 | $560,000 | 3 | — | $89 |
Under IRS private-foundation payout rules, MBK Educational Foundation Inc reported a distributable amount of $140 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
MBK Educational Foundation Inc is led by Mimi Okkyung Kim, Director & President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Mimi Okkyung Kim
Director & President
On filings since 2020
10 hrs/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 MBK Educational Foundation Inc
How much does MBK Educational Foundation Inc give each year?
MBK Educational Foundation Inc gave $8.6M across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.6M across 6 grants.
What is MBK Educational Foundation Inc's typical grant size?
MBK Educational Foundation Inc's median grant in 2024 was $358,333, and its average grant was $1,230,833, across 7 grants on its 2024 IRS Form 990-PF.
Where does MBK Educational Foundation Inc give grants?
MBK Educational Foundation Inc gives mostly in Pennsylvania: 53% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (33%). The most frequent recipient cities were New York, NY (4 grants).
Does MBK Educational Foundation Inc give general operating support?
Yes: 14% of MBK Educational Foundation Inc's 2024 grants with a stated purpose (1 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are MBK Educational Foundation Inc's largest grantees?
MBK Educational Foundation Inc's largest 2024 grantees include Haverford College ($4,600,000), The Metropolitan Museum of Art ($2,550,000) and MBK Scholarship Foundation ($800,000), according to its 2024 IRS Form 990-PF. Together they received 92% of its itemized 2024 grant dollars.
How large is MBK Educational Foundation Inc?
MBK Educational Foundation Inc reported $26.1M in total assets on its 2024 IRS Form 990-PF. It paid out $8.6M in qualifying distributions that year, against a required minimum of $140 (roughly 5% of its investment assets).
What is MBK Educational Foundation Inc's EIN?
MBK Educational Foundation Inc's EIN (Employer Identification Number) is 26-2987483. 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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