MDBC Foundation Inc
MDBC Foundation Inc is a private foundation based in Kew Gardens, New York. It made 16 grants totaling $189,635 in filing year 2024.
MDBC Foundation Inc at a glance
In short: MDBC Foundation Inc gave $190K across 16 grants in 2024 (avg $12K), mostly in New York. 31% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $189,635
- -11.4% vs 2023
- Grants made (2024)
- 16
- -33.3% vs 2023
- Average grant
- $11,852
- +32.9% vs 2023
- Median grant
- $1,813
- Total assets
- $10,528,712
- +168.0% vs 2023
- New grantees (estimate)
- 31% first-time grantees (5 of 16, 2024; small sample)
- Primary geography
- New York (95% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to MDBC Foundation Inc
- How to Apply
-
The 2024 filing states that the foundation does not restrict giving to preselected organizations. It accepts requests by letter addressed to David Arbesfeld. The filing lists no restrictions on awards.
- Contact
Application contact: David Arbesfeld
Mailing address: 82-05 Abington Road Kew Gardens Ny, 11415, Kew Gardens, NY 11415
Phone: (212) 755-1800
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who MDBC Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Rabbi Isaac Elchanan Theological Seminary (Riets) ($120K). Together the top 10 received $188K.
Grant Size Distribution
113 grants across all recorded years
The most common grant size was under $50K: 110 grants of 113 (97%).
Geographic Focus
Where this funder awards grants
In filing year 2024, 95% of grant dollars went to recipients in New York and 5% to recipients in New Jersey. The listed grants also show support for organizations in those states.
Grant Distribution by State
Share of 2024 grant dollars across all 16 itemized grants.
Cities
Is MDBC Foundation Inc open to new grantees?
31%
first-time grantees, 2024
In 2024, 5 of 16 grantees (31%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $962; repeat grants $17K. How we count
Medians: $360 first-time, $5K repeat.
- 63% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+13%). Method
- In 2024 it paid out 78% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $102K (2020) to $245K (2022). In 2024 it made 16 grants totaling $190K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rabbi Isaac Elchanan Theological Seminary (Riets) New York, NY | General Purpose of Charity | $120,000 |
| Yeshiva University New York, NY | General Purpose of Charity | $25,000 |
| KAV L'noar Passaic, NJ | General Purpose of Charity | $10,000 |
| Operation Open Curtain New York, NY | General Purpose of Charity | $10,000 |
| Yeshiva Central Queens Queens, NY | General Purpose of Charity | $10,000 |
| Yad Yisrael Brooklyn, NY | General Purpose of Charity | $5,000 |
| Ohab Zadek New York, NY | General Purpose of Charity | $2,900 |
| The Jewish Center New York, NY | General Purpose of Charity | $2,000 |
| KEW Gardens Synagogue Jamaica, NY | General Purpose of Charity | $1,625 |
| Rofeh C Cancer Society Brooklyn, NY | General Purpose of Charity | $1,000 |
Ready to take the next step with MDBC Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $10,528,712 | $6,794,674 | $194,408 | $189,635 | 16 | $191,847 | $4,998,216 | $247,351 |
| 2023 | $3,928,446 | $1,126,286 | $221,400 | $213,980 | 24 | $217,565 | $111,363 | $205,180 |
| 2022 | $3,023,560 | $111,114 | $265,234 | $244,930 | 31 | $248,602 | $107,442 | $209,889 |
| 2021 | $3,177,680 | $633,623 | $173,106 | $167,560 | 21 | $168,885 | $428,180 | $259,589 |
| 2020 | $2,717,163 | $149,891 | $101,842 | $101,840 | 21 | — | $158,566 | $158,608 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its grants show support for a range of charitable organizations. For example, Yeshiva University describes its own mission as providing undergraduate, graduate, professional, and post-doctoral education and training, as well as research and clinical programs.
Grantmaking
In filing year 2024, the foundation gave $189,635 across 16 grants. Grant amounts ranged from $100 to $120,000, with a median of $1,812. Its largest listed grants were $120,000 to Rabbi Isaac Elchanan Theological Seminary (RIETS), $25,000 to Yeshiva University, and $10,000 each to Kav L'Noar, Operation Open Curtain, and Yeshiva Central Queens. The stated purpose for these grants was “general purpose of charity.”
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists David Arbesfeld and Michelle Arbesfeld Salig as directors.
MDBC Foundation Inc's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
David Arbesfeld
Director
On filings since 2020
10 hrs/week
No compensation reported
Michelle Arbesfeld Salig
Director
On filings since 2020
10 hrs/week
No compensation reported
Former officers (1)
- Former: Pnina Arbesfeld (2020–2023) — Director · Filing note: Deceased
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 MDBC Foundation Inc
How much does MDBC Foundation Inc give each year?
MDBC Foundation Inc gave $190K across 16 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $214K across 24 grants.
What is MDBC Foundation Inc's typical grant size?
MDBC Foundation Inc's median grant in 2024 was $1,813, and its average grant was $11,852, across 16 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from MDBC Foundation Inc that year got $962 on average.
Where does MDBC Foundation Inc give grants?
MDBC Foundation Inc gives mostly in New York: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (5%). The most frequent recipient cities were New York, NY (5 grants) and Brooklyn, NY (4 grants).
Does MDBC Foundation Inc give general operating support?
Yes: 100% of MDBC Foundation Inc's 2024 grants with a stated purpose (16 of 16) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are MDBC Foundation Inc's largest grantees?
MDBC Foundation Inc's largest 2024 grantees include Rabbi Isaac Elchanan Theological Seminary (Riets) ($120,000), Yeshiva University ($25,000) and KAV L'noar ($10,000), according to its 2024 IRS Form 990-PF. Together they received 82% of its itemized 2024 grant dollars.
How large is MDBC Foundation Inc?
MDBC Foundation Inc reported $10.5M in total assets on its 2024 IRS Form 990-PF. It paid out $192K in qualifying distributions that year, against a required minimum of $247K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does MDBC Foundation Inc fund?
No mission statement for the foundation is provided. Its grants show support for a range of charitable organizations. See mission & focus areas ↑
How do I apply for a grant from MDBC Foundation Inc?
The 2024 filing states that the foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 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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Cite this profile
Grantable. (2026). MDBC Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/mdbc-foundation-inc-morg_e1c9ce79d7314f9dba518d6bf090bcaf
BibTeX
@misc{grantable_823625045_2026,
author = {{Grantable}},
title = {{MDBC Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mdbc-foundation-inc-morg_e1c9ce79d7314f9dba518d6bf090bcaf},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from MDBC Foundation Inc'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.
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