Sarah E Forbes Md Charitable

Foundation · Grantmaker NEWPORT NEWS, VA EIN: 27-3961259

Sarah E Forbes Md Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT NEWS, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 1 grants totaling $3K. Net investment income was $28K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.1M

+7.3% YoY

Annual Giving

$3K

-80.3% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$3K

-60.5% YoY

Under IRS private-foundation payout rules, Sarah E Forbes Md Charitable reported a distributable amount of $49K for 2024 — the minimum it must pay out in qualifying distributions.

About Sarah E Forbes Md Charitable

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $345K (100%)

States

Virginia

Cities

Newport News

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,145,366	$1,067,888	$1,081,019
Revenue	$35,391	$63,058	$433,754
Expenses	$15,049	$35,482	$144,129
Qualifying Distributions	$3,000	$16,003	$140,000
Net Investment Income	$28,101	$31,640	$30,782
Distributable Amount	$49,315	$54,391	$45,805

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Peninsula Agency on Aging ($3,000).

Recipient	Purpose	Amount
PENINSULA AGENCY ON AGING NEWPORT NEWS, VA	UNRESTRICTED	$3,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOSHUA M DAVID JD	VP/SECRETARY	—	—
E D DAVID JD	PRESIDENT/TR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Sarah E Forbes Md Charitable?

Sarah E Forbes Md Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT NEWS, VA. It holds $1.1M in total assets as of 2024.

How large is Sarah E Forbes Md Charitable?

As of 2024, Sarah E Forbes Md Charitable holds $1.1M in total assets with $35K in annual revenue. It awarded 1 grants totaling $3K in 2024.

Where does Sarah E Forbes Md Charitable operate?

Sarah E Forbes Md Charitable has awarded grants in Virginia.

What size grants does Sarah E Forbes Md Charitable award?

In 2024, Sarah E Forbes Md Charitable awarded 1 grants totaling $3K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Sarah E Forbes Md Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Sarah E Forbes Md Charitable reported a distributable amount of $49K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.