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Form 990-PFTax year 2024EIN 26-2987483

MBK Educational Foundation Inc

A private foundation in New York, NY. Its return for tax year 2024 lists 7 grants and $8.6 million paid in grants.

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Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

5 returns on file
Grants paid by tax year. The latest year is in blue.

  • Tax year 2024

    $8,615,833

    Grants listed
    7
    Assets, end of year
    $26,116,969

  • Tax year 2023

    $3,637,500

    Grants listed
    6
    Assets, end of year
    $7,750,404

  • Tax year 2022

    $1,450,000

    Grants listed
    3
    Assets, end of year
    $530,437

  • Tax year 2021

    $1,115,000

    Grants listed
    5
    Assets, end of year
    $50,588

  • Tax year 2020

    $560,000

    Grants listed
    3
    Assets, end of year
    $75,936

Grants paid in 2024

7 grants, largest first

As listed on the return.

  1. Haverford CollegeHaverford, PA

    To support the construction of a new building for the ethical inquiry and leadership institute to be named the michael b. Kim institute for ethical inquiry and leadership (hereinafter, "space") and establishing the michael b. Kim institute for ethical inquiry and leadership endowed fund (hereinafter, "fund") in support of the operation and activities of the michael b. Kim institute for ethical inquiry and leadership (the "institute").

    $4,600,000
  2. The Metropolitan Museum of ArtNew York, NY

    To support the museum's plans in the area of modern and contemporary art specifically for the costs associated with the construction, maintenance, operations, programming, or other needs of a new or renovated modern wing (the "new modern wing"), and other activities undertaken with the goal of keeping the museum at the forefront of presenting modern and contemporary art to the public, at the museum's sole discretion.

    $2,550,000
  3. MBK Scholarship FoundationSeoul, South Korea

    To support MBK scholarship foundation's scholarship making activities to financially needy students in korea.

    $800,000
  4. University of ChicagoChicago, IL

    The gift shall be expendable and shall be used to create and support an expendable fund to be known as the kim and park study of the book program fund the assets of the program fund shall be used to support the library's new study of the book program.

    $358,333
  5. New York Public Library Astor Lennox and Tilden FDNNew York, NY

    To support new technology, collections, and overall refresh of the muhlenberg library's children and teen center, as well as support youth educational initiatives, including nypl after school and enhanced teen programming.

    $250,000
  6. Soloman R Guggenheim FoundationNew York, NY

    To support of guggenheim education programs 2024-25

    $50,000
  7. Grace Church SchoolNew York, NY

    General educational support

    $7,500

Approved for future payment

3 grants

Approved in 2024 and not yet paid.

  1. Haverford CollegeHaverford, PA

    To support the construction of a new building for the ethical inquiry and leadership institute to be named the michael b. Kim institute for ethical inquiry and leadership (hereinafter, "space") and establishing the michael b. Kim institute for ethical inquiry and leadership endowed fund (hereinafter, "fund") in support of the operation and activities of the michael b. Kim institute for ethical inquiry and leadership (the "institute").

    $20,400,000
  2. The Metropolitan Museum of ArtNew York, NY

    To support the museum's plans in the area of modern and contemporary art specifically for the costs associated with the construction, maintenance, operations, programming, or other needs of a new or renovated modern wing (the "new modern wing"), and other activities undertaken with the goal of keeping the museum at the forefront of presenting modern and contemporary art to the public, at the museum's sole discretion.

    $5,000,000
  3. University of ChicagoChicago, IL

    The gift shall be expendable and shall be used to create and support an expendable fund to be known as the kim and park study of the book program fund the assets of the program fund shall be used to support the library's new study of the book program.

    $716,667

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education3 grants $4,965,83366% of the total
  2. Arts and culture1 grant $2,550,00034% of the total

By State

Grants to organizations with a US address, latest year.

  1. Pennsylvania1 grant $4,600,000
  2. New York4 grants $2,857,500
  3. Illinois1 grant $358,333

Officers, directors and trustees

1 person as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Mimi Okkyung KimDIRECTOR, PRESIDENT Hours 10Pay $0

The return

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