MSBD Foundation
MSBD Foundation is a private foundation based in Northbrook, Illinois. Its 2024 filing reports 14 grants totaling $357,357 to charitable organizations.
MSBD Foundation at a glance
In short: MSBD Foundation gave $357K across 14 grants in 2024 (avg $26K), top state Illinois. 50% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $357,357
- +117.9% vs 2023
- Grants made (2024)
- 14
- -22.2% vs 2023
- Average grant
- $25,526
- +180.2% vs 2023
- Median grant
- $5,000
- Total assets
- $4,768,103
- +40.5% vs 2023
- New grantees (estimate)
- 50% first-time grantees (7 of 14, 2024; small sample)
- Primary geography
- Illinois (48% 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 MSBD Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 650 Dundee Rd Ste 275, Northbrook, IL 60062
Phone: (312) 862-2476
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who MSBD Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Northwestern University ($143K). Together the top 10 received $348K.
Grant Size Distribution
76 grants across all recorded years
The most common grant size was under $50K: 66 grants of 76 (87%).
Geographic Focus
Where this funder awards grants
The foundation is based in Illinois. In 2024, its grant dollars went to recipients in Illinois (48%), the District of Columbia (34%), Maryland (14%), Florida (1%), and Wisconsin (1%).
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
States
Cities
Is MSBD Foundation open to new grantees?
50%
first-time grantees, 2024
In 2024, 7 of 14 grantees (50%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $41K; repeat grants $10K. How we count
Medians: $10K first-time, $5K repeat.
- 43% of 2024 grantees were also funded in 2023. Method
- Giving grew 84% from 2021 to 2024. Method
- In 2024 it paid out 153% of its IRS minimum distribution (the 5% rule). 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 $164K (2023) to $357K (2024). In 2024 it made 14 grants totaling $357K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northwestern University Evanston, IL | To Further Program Services | $142,857 |
| American Israel Education Foundation Washington, DC | To Further Program Services | $70,000 |
| FDD Washington, DC | To Further Program Services | $50,000 |
| HHT Foundation Monkton, MD | To Further Program Services | $50,000 |
| Border Tail Rescue Northbrook, IL | To Further Program Services | $10,000 |
| Alzheimer's Association Chicago, IL | To Further Program Services | $5,000 |
| Am Shalom Glencoe, IL | To Further Program Services | $5,000 |
| Catholic Charities of the Archdiocese of Chicago Chicago, IL | To Further Program Services | $5,000 |
| Misericordia of the Heart Chicago, IL | To Further Program Services | $5,000 |
| Palm Beach Jewish Federation West Palm Beach, FL | To Further Program Services | $5,000 |
Ready to take the next step with MSBD Foundation?
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 | $4,768,103 | $2,432,699 | $375,451 | $357,357 | 14 | $359,614 | $1,072,508 | $234,516 |
| 2023 | $3,394,413 | $813,041 | $182,606 | $164,000 | 18 | $167,315 | $3,550 | $118,184 |
| 2022 | $2,703,896 | $-135,761 | $200,908 | $184,500 | 20 | $184,515 | $24,066 | $122,081 |
| 2021 | $3,141,380 | $102,964 | $203,318 | $194,000 | 10 | $194,014 | $93,660 | $157,056 |
| 2020 | $3,189,369 | $479,685 | $247,795 | $228,556 | 14 | — | $471,684 | $155,881 |
Under IRS private-foundation payout rules, MSBD Foundation reported a distributable amount of $235K 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
The foundation’s own mission is not stated in the available information. Its 2024 grants went to organizations including a university, charitable and educational organizations, a health-related foundation, and community-serving organizations. Northwestern University describes its mission as excellent teaching, innovative research, and students’ personal and intellectual growth. HHT Foundation International says it serves people affected by hereditary hemorrhagic telangiectasia through information, support, and research. St. Baldrick’s Foundation describes its work as supporting research toward cures for childhood cancers.
Grantmaking
In 2024, the foundation gave 14 grants totaling $357,357. Grant amounts ranged from $1,000 to $142,857, with a median grant of $5,000.
The largest reported grants were $142,857 to Northwestern University, $70,000 to American Israel Education Foundation, $50,000 to FDD, and $50,000 to HHT Foundation. Other listed grants included $10,000 to Border Tail Rescue and $5,000 each to the Alzheimer’s Association, Am Shalom, Catholic Charities of the Archdiocese of Chicago, Misericordia of the Heart, Palm Beach Jewish Federation, and University of Wisconsin Business School. St. Baldrick’s Foundation received $1,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jeffrey C. Hammes as director, president, and treasurer; Linda H. Hammes as director and secretary; and Mitchell H. Hammes as director.
MSBD Foundation is led by Jeffrey C. Hammes, Director, President & Treasurer on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jeffrey C. Hammes
Director, President & Treasurer
On filings since 2020
No compensation reported
Linda H. Hammes
Director & Secretary
On filings since 2020
No compensation reported
Mitchell H. Hammes
Director
On filings since 2020
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 MSBD Foundation
How much does MSBD Foundation give each year?
MSBD Foundation gave $357K across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $164K across 18 grants.
What is MSBD Foundation's typical grant size?
MSBD Foundation's median grant in 2024 was $5,000, and its average grant was $25,526, across 14 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from MSBD Foundation that year got $41K on average.
Where does MSBD Foundation give grants?
MSBD Foundation's top state is Illinois, with 48% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were District of Columbia (34%) and Maryland (14%). The most frequent recipient cities were Chicago, IL (3 grants) and Washington, DC (2 grants).
Does MSBD Foundation give general operating support?
Not in 2024: none of the 14 grants with a stated purpose on MSBD Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Further Program Services" (14 grants).
Who are MSBD Foundation's largest grantees?
MSBD Foundation's largest 2024 grantees include Northwestern University ($142,857), American Israel Education Foundation ($70,000) and FDD ($50,000), according to its 2024 IRS Form 990-PF. Together they received 74% of its itemized 2024 grant dollars.
How large is MSBD Foundation?
MSBD Foundation reported $4.8M in total assets on its 2024 IRS Form 990-PF. It paid out $360K in qualifying distributions that year, against a required minimum of $235K (roughly 5% of its investment assets).
What does MSBD Foundation fund?
The foundation’s own mission is not stated in the available information. Its 2024 grants went to organizations including a university, charitable and educational organizations, a health-related foundation, and community-serving organizations. See mission & focus areas ↑
How do I apply for a grant from MSBD Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is MSBD Foundation's EIN?
MSBD Foundation's EIN (Employer Identification Number) is 27-3621031. IRS Form 990 filing data is available on this page for 2020–2024.
Does MSBD 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 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). MSBD Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/msbd-foundation-morg_8632309e4f214a429f47676529457d91
BibTeX
@misc{grantable_273621031_2026,
author = {{Grantable}},
title = {{MSBD Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/msbd-foundation-morg_8632309e4f214a429f47676529457d91},
note = {Accessed 2026-10-12. 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 MSBD 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.
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