Stuart and Margaret L Forbes
Stuart and Margaret L Forbes is a private foundation focused on religion, based in Tryon, NC. IRS filing data is available from 2021 through 2025. In 2025, it awarded 3 grants totaling $2.3M. Net investment income was $39K.
Stuart and Margaret L Forbes at a glance
In short: Stuart and Margaret L Forbes gave $2.3M across 3 grants in 2025 (avg $769K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,305,708
- +1719.7% vs 2024
- Grants made (2025)
- 3
- -40.0% vs 2024
- Average grant
- $768,569
- +2932.8% vs 2024
- Median grant
- $8,250
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Stuart and Margaret L Forbes funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Polk County Community Foundation ($2.3M). Together the top 3 received $2.3M.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 9 grants of 14 (64%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Stuart and Margaret L Forbes gives
- Giving grew 3367% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2021 to 2025, annual grant giving ranged from $67K (2022) to $2.3M (2025). In 2025 it made 3 grants totaling $2.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Polk County Community Foundation Tryon, NC | Continued Scholarships for Polk Cty | $2,296,458 |
| The North Carolina Center for Cullowhee, NC | Polk County Schools Funding | $8,250 |
| Polk County Schools Columbus, NC | Operational Support | $1,000 |
Ready to take the next step with Stuart and Margaret L Forbes?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $1,016,581 | $2,324,016 | $2,305,708 | 3 | $2,305,708 | $39,081 | $51,736 |
| 2024 | $1,983,219 | $123,921 | $144,086 | $126,711 | 5 | $126,711 | $123,421 | $87,563 |
| 2023 | $1,350,953 | $53,714 | $90,119 | $75,655 | 2 | $75,655 | $53,714 | $66,204 |
| 2022 | $1,315,147 | $91,102 | $80,596 | $66,500 | 2 | $66,500 | $91,102 | $64,319 |
| 2021 | $1,328,521 | $56,333 | $77,593 | $68,985 | 2 | — | $56,333 | $60,825 |
Under IRS private-foundation payout rules, Stuart and Margaret L Forbes reported a distributable amount of $52K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Stuart and Margaret L Forbes is led by James T. Boyle Jr., Vice Chair & President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
James T. Boyle Jr.
Vice Chair & President
On filings since 2021
2 hrs/week
No compensation reported
Susan McHugh
Chair & Vice P
On filings since 2021
2 hrs/week
No compensation reported
F. K. McFarland III
Director, Secretary & T
On filings since 2021
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Stuart and Margaret L Forbes
How much does Stuart and Margaret L Forbes give each year?
Stuart and Margaret L Forbes gave $2.3M across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $127K across 5 grants.
What is Stuart and Margaret L Forbes's typical grant size?
Stuart and Margaret L Forbes's median grant in 2025 was $8,250, and its average grant was $768,569, across 3 grants on its 2025 IRS Form 990-PF.
Where does Stuart and Margaret L Forbes give grants?
Stuart and Margaret L Forbes gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Stuart and Margaret L Forbes give general operating support?
Yes: 33% of Stuart and Margaret L Forbes's 2025 grants with a stated purpose (1 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
What is Stuart and Margaret L Forbes?
Stuart and Margaret L Forbes is a private foundation focused on religion, based in Tryon, NC.
How much is Stuart and Margaret L Forbes required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Stuart and Margaret L Forbes reported a distributable amount of $52K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Stuart and Margaret L Forbes's EIN?
Stuart and Margaret L Forbes's EIN (Employer Identification Number) is 56-2079528. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 6, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 28, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Stuart and Margaret L Forbes funds
Religion Related Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Stuart and Margaret L Forbes's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in North Carolina
RHI Legacy Foundation Inc
Rutherfordton, NC
RHI Legacy Foundation funds health and wellness projects in Rutherford County, North Carolina, focused on chronic disease, healthy eating, and active living. Its 2024 grants ranged from $980 to $252,500, with a median award of about $10,000. It accepts online applications during its annual grant cycle; the next cycle is scheduled to open June 15, 2026.
Assets
$43.2M
Grants
54
Total Given
$1.2M
Lilian E and Earl a Bettinger Charitable
Detroit, MI
The foundation supports charitable organizations’ operating costs, with recent grants ranging from $3,000 to $171,825 and a median of about $51,500. Its 2025 giving was concentrated in North Carolina, with additional grants in New York, Washington, DC, and Florida; it funds only preselected organizations and does not accept unsolicited requests.
Assets
$11.5M
Grants
10
Total Given
$690K
Gaston Community Foundation
Gastonia, NC
Gaston Community Foundation supports nonprofit programs and organizational needs, along with specialized medical and professional education grants, primarily benefiting Gaston County residents in North Carolina. Its 2024 grants ranged from $5,100 to $1,732,500, with a median of $17,066. It accepts applications through a competitive community grants cycle; new applicants must meet with Foundation staff before applying.
Assets
$145.4M
Grants
168
Total Given
$10.3M
The Plume Family Foundation
Tryon, NC
Assets
$115K
Grants
5
Total Given
$3K
Saint Paul & Minnesota Foundation
St. Paul, MN
The Saint Paul & Minnesota Foundation funds community-led work in areas including economic opportunity, health and human services, youth and education, housing, and organizational capacity. Its 2025 grants had a median of $26,000; listed programs offer up to $50,000 for eligible East Metro work and up to $15,000 for qualifying Minnesota organizations. It accepts applications through specific programs, including rolling application opportunities; the Community Solutions Grant Program serves Dakota, Ramsey, and Washington counties.
Assets
$1.7B
Grants
1,473
Total Given
$107.2M
State Employees Credit Union Foundation
Raleigh, NC
The foundation funds capital projects, regional or statewide programs, and organizational capacity building that strengthen North Carolina communities; it favors projects with broad or replicable impact and does not fund operating budgets or shortfalls. Its 2025 grants ranged from $1,250 to $1 million, with a median of $2,500. Applications are accepted at any time and typically reviewed semiannually.
Assets
$61.0M
Grants
1,806
Total Given
$17.4M
More similar funders
More Funders in North Carolina
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Stuart and Margaret L Forbes's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Stuart and Margaret L Forbes down — hundreds of funders to go?