In 1993, MCC established the Manhattan Chamber of Commerce Community Benefit Fund (CBF) as a not-for-profit 501(c)(3) Fund, which owns and manages two of the largest and oldest street fairs in New York City, the 2nd and 3rd Avenue Community Benefit Festivals on Manhattan's upper east side. The proceeds from these large events are deposited into the MCC Community Benefit Fund. Non-profit agencies in the district submit grant applications for funding from the CBF for programs directly affecting the neighborhoods of Community Board 8. These include programs focused on education, youth, eldercare, health care, the arts, etc. To date over $3.0 million has been donated to the nonprofits through these efforts.
The MCC Community Benefit Fund also organized the first NYC Volunteer Expo in February 2005, drawing over 1400 new volunteers to over 60 small to mid-sized non-profit organizations in Manhattan. Subsequent Volunteer Expos were held in 2006 and 2007. Currently, the CBF supports the grassroots volunteer recruitment efforts through TimeBanksNYC and NYC Service under the Mayor's directive.