Sarah E Forbes MD Charitable
Sarah E Forbes MD Charitable is a private foundation, 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 grant totaling $3K. Net investment income was $28K.
Sarah E Forbes MD Charitable at a glance
In short: Sarah E Forbes MD Charitable gave $3K across 1 grant in 2024 (avg $3K), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,000
- -80.3% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $3,000
- -60.5% vs 2023
- Median grant
- $3,000
- Total assets
- $1,145,366
- +7.3% vs 2023
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Sarah E Forbes MD Charitable funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Peninsula Agency on Aging ($3K).
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Sarah E Forbes MD Charitable gives
- Giving fell 97% from 2021 to 2024. Method
- In 2024 it paid out 6% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3K (2024) to $140K (2022). In 2024 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Peninsula Agency on Aging Newport News, VA | Unrestricted | $3,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,145,366 | $35,391 | $15,049 | $3,000 | 1 | $3,000 | $28,101 | $49,315 |
| 2023 | $1,067,888 | $63,058 | $35,482 | $15,200 | 2 | $16,003 | $31,640 | $54,391 |
| 2022 | $1,081,019 | $433,754 | $144,129 | $140,000 | 4 | $140,000 | $30,782 | $45,805 |
| 2021 | $749,526 | $135,012 | $105,257 | $88,300 | 4 | $88,300 | $16,675 | $30,142 |
| 2020 | $700,851 | $106,176 | $108,905 | $98,955 | 4 | — | $7,341 | $26,120 |
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.
Leadership & Key People
Officers and directors from IRS filings
Sarah E Forbes MD Charitable is led by E. D. David JD, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
E. D. David JD
President
On filings since 2020
No compensation reported
Joshua M. David JD
Vice President & Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Sarah E Forbes MD Charitable
How much does Sarah E Forbes MD Charitable give each year?
Sarah E Forbes MD Charitable gave $3K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $15K across 2 grants.
How large is Sarah E Forbes MD Charitable?
Sarah E Forbes MD Charitable reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $49K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Sarah E Forbes MD Charitable operate?
Sarah E Forbes MD Charitable has awarded grants in Virginia.
What is Sarah E Forbes MD Charitable's EIN?
Sarah E Forbes MD Charitable's EIN (Employer Identification Number) is 27-3961259. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Sarah E Forbes MD Charitable funds
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