The Forbes Funds
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.8M
-4.9% YoY
Annual Giving
$170K
-19.0% YoY
Grant Count
9
-18.2% YoY
Avg Grant Size
$19K
-1.1% YoY
About The Forbes Funds
Based on IRS filings
The Forbes Funds is a nonprofit organization, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.8M in total assets. In 2024, it awarded 9 grants totaling $170K. Net investment income was $755K.
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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 | $9,820,901 | $10,327,800 | $9,820,078 |
| Revenue | $1,683,390 | $2,655,431 | $1,718,199 |
| Expenses | $2,320,380 | $2,593,246 | $2,499,418 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $754,655 | $465,232 | $349,964 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
62 grants across all recorded years
Open Grants
1 open opportunity from The Forbes Funds
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELISABETH SCHROEDER | MEMBER AT LARGE | 1 | — |
| JONATHAN BRELSFORD | MEMBER AT LARGE | 1 | — |
| JASON JONES | TREASURER | 1 | $4,575 |
| BILL ISLER | CHAIR | 1 | — |
| JAMES E TAYLOR | VICE CHAIR | 1 | — |
| KATHY HUMPHREY | MEMBER AT LARGE | 1 | — |
| SYLVIA FIELDS | MEMBER AT LARGE (EXIT 3/24) | 1 | — |
| JEREMIAH BROOKER | MEMBER AT LARGE (ENTER 6/24) | 1 | — |
| STANLEY LITOW | MEMBER AT LARGE (ENTER 6/24) | 1 | — |
| FRED BROWN | PRESIDENT/CEO | 65 | $230,023 |
| OLIVIA BENSON GALLINA | CHIEF OPERATING OFFICER | 50 | $104,152 |
| HANNAH KAROLAK | CHIEF PROGRAM OFFICER | 50 | $102,896 |
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Forbes Funds on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities