PBC Foundation Inc
PBC Foundation Inc is a private foundation, based in Kew Gardens, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 12 grants totaling $152K. Net investment income was $814K.
Key facts about PBC Foundation Inc
In short: PBC Foundation Inc gave $152K across 12 grants in 2024 (avg $13K), mostly in New York. 33% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 82-3624656
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $152,110
- Grants made (2024)
- 12
- Average grant
- $12,676
- Median grant
- $10,000
- New grantees (estimate)
- 33% first-time grantees (4 of 12, 2024)
- Total assets
- $3,071,143
- Primary geography
- New York (80% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
+27.2% YoY
Annual Giving
$152K
-17.9% YoY
Grant Count
12
-47.8% YoY
Avg Grant Size
$13K
+57.3% YoY
Under IRS private-foundation payout rules, PBC Foundation Inc reported a distributable amount of $204K for 2024 — the minimum it must pay out in qualifying distributions.
Is PBC Foundation Inc open to new grantees?
33%
first-time grantees, 2024
In 2024, 4 of 12 grantees (33%) were first-time recipients. First grants averaged $6K; repeat grants $16K. How we count
Medians: $6K first-time, $12K repeat.
- 33% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−5%). Method
- In 2024 it paid out 76% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $82K (2020) to $209K (2022). In 2024 it made 12 grants totaling $152K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Emunah of America ($50K). Together the top 10 received $152K.
Grant Size Distribution
118 grants across all recorded years
The most common grant size was under $50K: 117 grants of 118 (99%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Emunah of America New York, NY | General Purpose of Charity | $50,000 |
| Ascent Tsfat Brooklyn, NY | General Purpose of Charity | $20,000 |
| Migal Ohr a F New York, NY | General Purpose of Charity | $18,000 |
| Congrgation Ohab Zedek New York, NY | Genral Purpose of Charity | $14,000 |
| Gemach Zichron Moshe Passaic, NJ | General Purpose of Charity | $12,000 |
| Kav L'noar Passaic, NJ | Genral Purpose of Charity | $10,000 |
| Samcheinu Brooklyn, NY | General Purpose of Charity | $10,000 |
| Carlebach Shul New York, NY | General Purpose of Charity | $10,000 |
| Chabad Southern Minnesota (Sma) Rochester, MN | General Purpose of Charity | $5,000 |
| Just One Life New York, NJ | General Purpose of Charity | $2,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,071,143 | $2,414,606 | $2,544,699 |
| Revenue | $816,093 | $57,587 | $107,839 |
| Expenses | $156,285 | $190,951 | $229,120 |
| Qualifying Distributions | $154,322 | $188,225 | $213,623 |
| Net Investment Income | $814,130 | $54,861 | $104,142 |
| Distributable Amount | $203,601 | $168,735 | $176,918 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
PBC 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 PBC Foundation Inc
How much does PBC Foundation Inc give each year?
PBC Foundation Inc gave $152K across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $185K across 23 grants.
What is PBC Foundation Inc's typical grant size?
PBC Foundation Inc's median grant in 2024 was $10,000, and its average grant was $12,676, across 12 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from PBC Foundation Inc that year got $6K on average.
Where does PBC Foundation Inc give grants?
PBC Foundation Inc gives mostly in New York: 80% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (16%). The most frequent recipient cities were New York, NY (4 grants), Brooklyn, NY (2 grants) and Passaic, NJ (2 grants).
Does PBC Foundation Inc give general operating support?
Yes: 83% of PBC Foundation Inc's 2024 grants with a stated purpose (10 of 12) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are PBC Foundation Inc's largest grantees?
PBC Foundation Inc's largest 2024 grantees include Emunah of America ($50,000), Ascent Tsfat ($20,000) and Migal Ohr a F ($18,000), according to its 2024 IRS Form 990-PF. Together they received 58% of its itemized 2024 grant dollars.
How large is PBC Foundation Inc?
PBC Foundation Inc reported $3.1M in total assets on its 2024 IRS Form 990-PF. It paid out $154K in qualifying distributions that year, against a required minimum of $204K (roughly 5% of its investment assets).
What is PBC Foundation Inc's EIN?
PBC Foundation Inc's EIN (Employer Identification Number) is 82-3624656. 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.
Here's the math on researching PBC Foundation Inc by hand.
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