The MB Foundation
The MB Foundation is a private foundation, based in Edina, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $320K in total assets. In 2025, it awarded 6 grants totaling $280K. Net investment income was $251K.
The MB Foundation at a glance
In short: The MB Foundation gave $280K across 6 grants in 2025 (avg $47K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $280,000
- +27.3% vs 2024
- Grants made (2025)
- 6
- +50.0% vs 2024
- Average grant
- $46,667
- -15.2% vs 2024
- Median grant
- $30,000
- Total assets
- $320,096
- -9.6% vs 2024
- Primary geography
- Minnesota (64% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The MB Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was YMCA ($110K across 2 grants). Together the top 5 received $280K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 7 grants of 16 (44%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How The MB Foundation gives
- Giving grew 460% from 2022 to 2025. Method
- In 2025 it paid out 173% of its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $50K (2021) to $280K (2025). In 2025 it made 6 grants totaling $280K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Red Cross Washington, DC | Emergency Services | $100,000 |
| YMCA Minneapolis, MN | Beacons/BNG Programs | $100,000 |
| V3 Sports Minneapolis, MN | General Funding | $50,000 |
| Second Harvest Heartland Brooklyn Park, MN | General Funding | $10,000 |
| Feed My Starving Children Coon Rapids, MN | MEALS | $10,000 |
| YMCA Minneapolis, MN | Silver Sneakers Program | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $320,096 | $256,408 | $290,361 | $280,000 | 6 | $280,000 | $251,240 | $161,601 |
| 2024 | $354,047 | $225,123 | $229,299 | $220,000 | 4 | $220,000 | $220,486 | $136,379 |
| 2023 | $364,920 | $249,007 | $226,554 | $220,000 | 4 | $220,000 | $245,742 | $111,607 |
| 2022 | $343,280 | $62,117 | $57,344 | $50,000 | 1 | $53,684 | $58,458 | $106,362 |
| 2021 | $339,007 | $29,501 | $58,651 | $50,000 | 1 | $53,588 | $25,938 | $103,986 |
| 2020 | $347,036 | $239,851 | $230,940 | $225,000 | 5 | — | $235,923 | $96,254 |
Under IRS private-foundation payout rules, The MB Foundation reported a distributable amount of $162K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The MB Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Laura Lee Baskerville Becker
Trustee
On filings since 2020
No compensation reported
Terry R. Becker
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 The MB Foundation
How much does The MB Foundation give each year?
The MB Foundation gave $280K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $220K across 4 grants.
What is The MB Foundation's typical grant size?
The MB Foundation's median grant in 2025 was $30,000, and its average grant was $46,667, across 6 grants on its 2025 IRS Form 990-PF.
Where does The MB Foundation give grants?
The MB Foundation gives mostly in Minnesota: 64% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (36%). The most frequent recipient cities were Minneapolis, MN (3 grants).
Does The MB Foundation give general operating support?
Yes: 33% of The MB Foundation's 2025 grants with a stated purpose (2 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The MB Foundation's largest grantees?
The MB Foundation's largest 2025 grantees include YMCA ($110,000 across 2 grants), American Red Cross ($100,000) and V3 Sports ($50,000), according to its 2025 IRS Form 990-PF. Together they received 93% of its itemized 2025 grant dollars.
How large is The MB Foundation?
The MB Foundation reported $320K in total assets on its 2025 IRS Form 990-PF. It paid out $280K in qualifying distributions that year, against a required minimum of $162K (roughly 5% of its investment assets).
What is The MB Foundation's EIN?
The MB Foundation's EIN (Employer Identification Number) is 41-6421316. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 21, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 8, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The MB Foundation funds
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