THE FORBES FUNDS

Pittsburgh, PA, US
501(c)3
EIN
25-1418095
Logo for "THE FORBES FUNDS"
Pittsburgh, PA, US
501(c)3
EIN
25-1418095

Overview

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Est.

1982

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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The Forbes Funds is a nonprofit organization dedicated to strengthening the management capacity and impact of community nonprofits both individually and collectively. With an operating budget of $2.2 million and total revenue of $1.7 million for the 2024 filing year, the organization relies on multiple funders and does not depend on a single source for 50% or more of its revenue. More information about their initiatives can be found on their website at www.forbesfunds.org.

Mission Statement

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

$1.7M

Expenses

$2.3M

Net Income:
-$637K
Assets

$9.8M

Liabilities

$395.5K

Net Assets:
+$9.4M
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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Total No. of Grants

3

Median grant size
$500K
Largest grant received
$502.5K
F
Fred Brown
Board Member
J
Jason Jones
Board Member
E
Elisabeth Schroeder
Board Member

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.
Overview
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