He is a member of the Northwestern University Board of Trustees and large donor to both academic and athletic scholarship programs. He is a member of the Advisory Council of the AQR Asset Management Institute at London Business School and also serves on the Board of Trustees for the Terra Foundation for American Art. He is chairman of the Executive Council of the International Institute for Nanotechnology and donates $250,000 for a biannual Kabiller Prize in Nanoscience and Nanomedicine plus a $10,000 Kabiller Young Investigator Award in Nanoscience and Nanomedicine. He created NU for Life, a program to provide mentoring and career development for Northwestern University athletes. In 2017, London Business School honored David with an Honorary Fellowship for his Service to the school and distinction in Business.
Kabiller has co-authored papers on topics including derivatives, enhanced indexation, securities lending, insurance-linked securities, hedge funds and the secret of Warren Buffett’s investing acumen. He was profiled in Scott Patterson's book The Quants.