Stuart and Margaret L Forbes Founda is a private foundation focused on Religion Related, based in COLUMBUS, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 5 grants totaling $127K. Net investment income was $123K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+46.8% YoY
Annual Giving
$127K
+67.5% YoY
Grant Count
5
+150.0% YoY
Avg Grant Size
$25K
-33.0% YoY
Under IRS private-foundation payout rules, Stuart and Margaret L Forbes Founda reported a distributable amount of $88K for 2024 — the minimum it must pay out in qualifying distributions.
About Stuart and Margaret L Forbes Founda
Based on IRS filings
Stuart and Margaret L Forbes Founda is a private foundation focused on Religion Related, based in COLUMBUS, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 5 grants totaling $127K. Net investment income was $123K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,983,219 | $1,350,953 | $1,315,147 |
| Revenue | $123,921 | $53,714 | $91,102 |
| Expenses | $144,086 | $90,119 | $80,596 |
| Qualifying Distributions | $126,711 | $75,655 | $66,500 |
| Net Investment Income | $123,421 | $53,714 | $91,102 |
| Distributable Amount | $87,563 | $66,204 | $64,319 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Polk County Schools ($105,000), Go Global Nc - Global Teachers ($15,000), Tryon Children's Theater Festival ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| POLK COUNTY SCHOOLS COLUMBUS, NC | OPERATIONAL SUPPORT | $105,000 |
| LANIER LIBRARY TRYON, NC | OPERATIONAL EXPENSES | $1,511 |
| CAROLINA FOOTHILLS FOUNDATION FOREST CITY, NC | OPERATIONAL SUPPORT | $200 |
| GO GLOBAL NC - GLOBAL TEACHERS MORRISVILLE, NC | OPERATIONAL EXPENSES | $15,000 |
| TRYON CHILDREN'S THEATER FESTIVAL TRYON, NC | OPERATIONAL EXPENSES | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES T BOYLE JR | VICE CHR/PRE | 2 | — |
| SUSAN MCHUGH | CHAIR/VICE P | 2 | — |
| F K MCFARLAND III | DIRECT/SEC/T | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Stuart and Margaret L Forbes Founda?
Stuart and Margaret L Forbes Founda is a private foundation focused on Religion Related, based in COLUMBUS, NC. It holds $2.0M in total assets as of 2024.
How large is Stuart and Margaret L Forbes Founda?
As of 2024, Stuart and Margaret L Forbes Founda holds $2.0M in total assets with $124K in annual revenue. It awarded 5 grants totaling $127K in 2024.
Where does Stuart and Margaret L Forbes Founda operate?
Stuart and Margaret L Forbes Founda has awarded grants in North Carolina.
What size grants does Stuart and Margaret L Forbes Founda award?
In 2024, Stuart and Margaret L Forbes Founda awarded 5 grants totaling $127K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Stuart and Margaret L Forbes Founda required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Stuart and Margaret L Forbes Founda reported a distributable amount of $88K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Stuart and Margaret L Forbes Founda's EIN?
Stuart and Margaret L Forbes Founda's EIN (Employer Identification Number) is 56-2079528. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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