SBC Capital Foundation
SBC Capital Foundation is a private foundation focused on Housing & Shelter, based in Miami, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $717K in total assets. In 2024, it awarded 2 grants totaling $9K. Net investment income was $26K.
SBC Capital Foundation at a glance
In short: SBC Capital Foundation gave $9K across 2 grants in 2024 (avg $5K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $9,201
- -79.3% vs 2023
- Grants made (2024)
- 2
- +100.0% vs 2023
- Average grant
- $4,601
- -89.6% vs 2023
- Median grant
- $4,601
- Total assets
- $717,118
- -3.9% vs 2023
- Primary geography
- New York (100% 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 SBC Capital Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Various - Schedule Available Upon Request ($7K). Together the top 2 received $9K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How SBC Capital Foundation gives
- In 2024 it paid out 18% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2022 to 2024, annual grant giving ranged from $9K (2024) to $44K (2023). In 2024 it made 2 grants totaling $9K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Various - Schedule Available Upon Request New York, NY | Various - Schedule Available Upon Request | $7,027 |
| Avigdor's Helping Hand Flushing, NY | General Support | $2,174 |
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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 | $717,118 | $25,681 | $10,736 | $9,201 | 2 | $9,201 | $25,681 | $50,911 |
| 2023 | $746,544 | $84,600 | $44,371 | $44,371 | 1 | $44,371 | — | $35,376 |
| 2022 | $686,511 | $263,144 | $18,000 | $18,000 | 1 | $18,000 | — | $27,169 |
| 2021 | $416,800 | $50,600 | — | — | — | — | — | — |
| 2020 | $366,200 | $368,700 | $2,500 | — | — | — | — | — |
Under IRS private-foundation payout rules, SBC Capital Foundation reported a distributable amount of $51K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
SBC Capital Foundation is led by Steven B. Chesner, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Steven B. Chesner
Trustee
On filings since 2020
1 hr/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 SBC Capital Foundation
How much does SBC Capital Foundation give each year?
SBC Capital Foundation gave $9K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $44K across 1 grant.
How large is SBC Capital Foundation?
SBC Capital Foundation reported $717K in total assets on its 2024 IRS Form 990-PF. It paid out $9K in qualifying distributions that year, against a required minimum of $51K (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 is SBC Capital Foundation?
SBC Capital Foundation is a private foundation focused on Housing & Shelter, based in Miami, FL. It holds $717K in total assets as of 2024.
Where does SBC Capital Foundation operate?
SBC Capital Foundation has awarded grants in New York.
What is SBC Capital Foundation's EIN?
SBC Capital Foundation's EIN (Employer Identification Number) is 85-2901120. 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
Live grants for the work SBC Capital Foundation funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in SBC Capital Foundation's focus areas in our free grants database
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