Overview

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Est.

1982

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

THE FORBES FUNDS is a nonprofit organization focused on strengthening the management capacity and impact of community nonprofits individually and collectively. Based on the provided financial data for filing year 2024, it has an operating budget of $2.2M and total revenue of $1.7M, with major funders including THE PITTSBURGH FOUNDATION, THE HEINZ ENDOWMENTS, HILLMAN FAMILY FOUNDATIONS, THE BENTER FOUNDATION C/O WILLIAM BENTER, and ALLEGHENY FOUNDATION.

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Mission Statement

TO FOCUS ON STRENGTHENING THE MANAGEMENT CAPACITY AND IMPACT OF COMMUNITY NONPROFITS INDIVIDUALLY AND COLLECTIVELY.

Cause Areas

1
Nonprofits
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Financials

2024
Revenues
$1.7M
Expenses
$2.3M
Net Income:
-$637K
Assets
$9.8M
Liabilities
$395.5K
Net Assets:
+$9.4M

Financial Trends

2024
Operating Budget
$2.2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
Logo for "THE PITTSBURGH FOUNDATION"
THE PITTSBURGH FOUNDATION
Pittsburgh, PA, US
$5.6M
< 1%
THE HEINZ ENDOWMENTS
PITTSBURGH, PA, US
$4.1M
< 1%
HILLMAN FAMILY FOUNDATIONS
PITTSBURGH, PA, US
$1.2M
< 1%

Grants Received

2024
Total No. of Grants
4
Median grant size
$262.5K
Largest grant received
$502.5K

Board & Team

F
Fred Brown
Board Member
J
Jason Jones
Board Member
E
Elisabeth Schroeder
Board Member
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  • 28 funders
  • 39 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is THE FORBES FUNDS’s budget?
In 2024, THE FORBES FUNDS reported an annual operating budget of around $2.2 million. More detailed financial information is available to registered users.
What causes does THE FORBES FUNDS support?
THE FORBES FUNDS supports work in Nonprofits.
Where does THE FORBES FUNDS operate?
THE FORBES FUNDS is headquartered in Pittsburgh, PA.
Who funded THE FORBES FUNDS recently?
In 2024, THE FORBES FUNDS received grants from THE PITTSBURGH FOUNDATION, THE HEINZ ENDOWMENTS, and UPMC GROUP. More information on this organization’s funders is available to registered users.
What is the largest grant THE FORBES FUNDS received in 2024?
The largest grant to THE FORBES FUNDS in 2024 exceeds $503 thousand.