Mdbc Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KEW GARDENS, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.5M in total assets. In 2024, it awarded 16 grants totaling $190K. Net investment income was $5.0M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.5M
+168.0% YoY
Annual Giving
$190K
-11.4% YoY
Grant Count
16
-33.3% YoY
Avg Grant Size
$12K
+32.9% YoY
Under IRS private-foundation payout rules, Mdbc Foundation Inc reported a distributable amount of $247K for 2024 — the minimum it must pay out in qualifying distributions.
About Mdbc Foundation Inc
Based on IRS filings
Mdbc Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KEW GARDENS, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.5M in total assets. In 2024, it awarded 16 grants totaling $190K. Net investment income was $5.0M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,528,712 | $3,928,446 | $3,023,560 |
| Revenue | $6,794,674 | $1,126,286 | $111,114 |
| Expenses | $194,408 | $221,400 | $265,234 |
| Qualifying Distributions | $191,847 | $217,565 | $248,602 |
| Net Investment Income | $4,998,216 | $111,363 | $107,442 |
| Distributable Amount | $247,351 | $205,180 | $209,889 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
113 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rabbi Isaac Elchanan Theological Seminary (riets) ($120,000), Yeshiva University ($25,000), Kav L'noar ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHABAD MEDICAL CENTER HOUSTON, TX | GENERAL PURPOSE OF CHARITY | $100 |
| KAV L'NOAR PASSAIC, NJ | GENERAL PURPOSE OF CHARITY | $10,000 |
| KEW GARDENS SYNAGOGUE JAMAICA, NY | GENERAL PURPOSE OF CHARITY | $1,625 |
| MESIFTA TIFERET TORAH KEW GARDENS, NY | GENERAL PURPOSE OF CHARITY | $100 |
| OHAB ZADEK NEW YORK, NY | GENERAL PURPOSE OF CHARITY | $2,900 |
| OPERATION OPEN CURTAIN NEW YORK, NY | GENERAL PURPOSE OF CHARITY | $10,000 |
| RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY (RIETS) NEW YORK, NY | GENERAL PURPOSE OF CHARITY | $120,000 |
| ROFEH C CANCER SOCIETY BROOKLYN, NY | GENERAL PURPOSE OF CHARITY | $1,000 |
| THE JEWISH CENTER NEW YORK, NY | GENERAL PURPOSE OF CHARITY | $2,000 |
| YAD YISRAEL BROOKLYN, NY | GENERAL PURPOSE OF CHARITY | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID ARBESFELD | DIRECTOR | 10 | — |
| MICHELLE ARBESFELD SALIG | DIRECTOR | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mdbc Foundation Inc?
Mdbc Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KEW GARDENS, NY. It holds $10.5M in total assets as of 2024.
How large is Mdbc Foundation Inc?
As of 2024, Mdbc Foundation Inc holds $10.5M in total assets with $6.8M in annual revenue. It awarded 16 grants totaling $190K in 2024.
Where does Mdbc Foundation Inc operate?
Mdbc Foundation Inc has awarded grants in California, New Jersey, New York, Pennsylvania, Texas.
What size grants does Mdbc Foundation Inc award?
In 2024, Mdbc Foundation Inc awarded 16 grants totaling $190K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Mdbc Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mdbc Foundation Inc reported a distributable amount of $247K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mdbc Foundation Inc's EIN?
Mdbc Foundation Inc's EIN (Employer Identification Number) is 82-3625045. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mdbc Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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