The Forbes Funds
SEE SCHEDULE O
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
Among its reported 2024 grants, the largest include Point Park University ($40,000), Pittsburgh National Youth Boxing Dba Team 412pittsburgh Box 412 ($30,000), Passport Academy Charter School ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| POINT PARK UNIVERSITY PITTSBURGH, PA | FUND A CONSULTANT TO ASSESS AND ADVISE IF A COORDINATED SHARING OF RESOURCES IS COST EFFECTIVE. | $40,000 |
| PITTSBURGH NATIONAL YOUTH BOXING DBA TEAM 412PITTSBURGH BOX 412 PITTSBURGH, PA | TO IMPROVE DATA TRACKING, OPERATIONAL EFFICIENCY, AND SUPPORTING UNDERREPRESENTED YOUTH. | $30,000 |
| PASSPORT ACADEMY CHARTER SCHOOL PITTSBURGH, PA | CREATE A SUSTAINABLE MODEL OF SUPPORT AND STRUCTURE AS WELL AS PROVIDE A VEHICLE FOR SHARING SERVICES. | $20,000 |
| PEDIATRIC PALLIATIVE CARE COALITION PITTSBURGH, PA | TO SHARE STORIES OF STUDENTS WHO HAVE OVERCOME BARRIERS TO LEARNING AND HOW TO UTILIZE COMMUNITY PARTNERS FOR CAREER-READINESS PREPAREDNESS. | $20,000 |
| THE KINGSLEY ASSOCIATION PITTSBURGH, PA | TO CREATE A PEER COHORT TO DISCUSS STRATEGIES FOR FUNDING CAPACITY BUILDING. | $20,000 |
| 25 CARRICK AVE PROJECT DBA TECH 25 PITTSBURGH, PA | TO CREATE A PROGRAM FOR INDIVIDUALS DIAGNOSED WITH SARCOMA CANCERS AND THEIR FAMILIES. | $10,000 |
| JEWISH FEDERATION OF GREATER PITTSBURGH PITTSBURGH, PA | TO HELP UNDERWRITE THE COST OF HIRING A CONSULTANT TO FACILITATE THE STRATEGIC PLANNING PROCESS. | $10,000 |
| PITTSBURGH CURE SARCOMA GIBSONIA, PA | TO CREATE A STRATEGIC PLAN AND PROCESS, INCLUDING PRIORITIES AND ACTION STEPS TO EXPAND ITS IMPACT IN THE PITTSBURGH JEWISH COMMUNITY. | $10,000 |
| TZOHAR SEMINARY DBA TZOHAR ARTS PITTSBURGH, PA | TO LAUNCH NEW PROGRAMS THAT SERVE AT-RISK YOUTH AND DEVELOP A STRATEGIC GROWTH PLAN INSTRUCTOR TEAM, TO OPEN A NEW PROGRAM SITE. | $10,000 |
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 |
Frequently Asked Questions
How large is The Forbes Funds?
As of 2024, The Forbes Funds holds $9.8M in total assets with $1.7M in annual revenue. It awarded 9 grants totaling $170K in 2024.
Where does The Forbes Funds operate?
The Forbes Funds has awarded grants in Maryland, Pennsylvania.
What size grants does The Forbes Funds award?
In 2024, The Forbes Funds awarded 9 grants totaling $170K — an average of about $19K per grant, based on its IRS Form 990 filings.
What is The Forbes Funds's EIN?
The Forbes Funds's EIN (Employer Identification Number) is 25-1418095. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Forbes Funds's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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