The Forbes Funds

Organization Overview

The Forbes Funds is located in Pittsburgh, PA. The organization was established in 1982. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Forbes Funds employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forbes Funds is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Forbes Funds generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Forbes Funds has awarded 190 individual grants totaling $3,910,434. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO FOCUS ON STRENGTHENING THE MANAGEMENT CAPACITY AND IMPACT OF COMMUNITY NONPROFITS INDIVIDUALLY AND COLLECTIVELY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CAPACITY BUILDING: PROVIDING NONPROFITS WITH RESOURCES, THROUGH GRANTMAKING AND COHORTS, AND LEARNING FORUMS TO ENABLE THEM TO MANAGE A DISRUPTIVE EVENT, REFRAME THEIR THINKING ABOUT A SPECIFIC ISSUE THAT IMPACTS OPERATIONS, AND PREPARE FOR THE FUTURE. PRIORITY IS GIVEN TO HUMAN SERVICES AND COMMUNITY DEVELOPMENT ORGANIZATIONS IN ALLEGHENY COUNTY.


SOCIAL INNOVATION: ACCELERATING THE DEVELOPMENT OF PARTNERING MODELS AND TECHNOLOGICAL INNOVATION TO REDUCE EXPENSES AND/OR INCREASE THE IMPACT OF COMMUNITY NONPROFIT ORGANIZATIONS.


THE FUND SITS AT THE INTERSECTION BETWEEN FUNDERS AND THE NONPROFIT COMMUNITY. THE FUND'S WORK HAS EVOLVED OVER THE YEARS TO BUILD A MORE SYSTEMIC TRANSFORMATIONAL MODEL ANCHORED IN A NEARLY 41-YEAR HISTORY OF ADVANCING THE WELL-BEING OF OUR REGION. THE MISSION OF THE FUND FOCUSES ON BUILDING THE MANAGEMENT CAPACITY AND IMPACT OF HUMAN SERVICES AND COMMUNITY-BASED NONPROFITS - BOTH AS INDIVIDUAL ORGANIZATIONS AND AS A UNIFIED COALITION OF LEADERS, FUNDERS AND ADVOCATES WORKING COLLABORATIVELY THROUGHOUT SOUTHWESTERN PENNSYLVANIA.CONTINUED ON SCHEDULE OOVER THE PAST FOUR YEARS, THE FUND HAS ALIGNED ITS TRADITIONAL PROGRAMMING TO INCREASE ENGAGEMENT WITH OUR REGIONAL PARTNERS AND TO IDENTIFY WHERE GAPS AND OVERLAPS OF SERVICES AND INVESTMENTS EXIST. TODAY, THE FUND HAS CONVENED THOUGHT LEADERS WITHIN THE NONPROFIT SECTOR THROUGH THE GREATER PITTSBURGH NONPROFIT PARTNERSHIP ("GPNP"), EXECUTIVE-IN-RESIDENCE ("EIR"), MANAGEMENT ASSISTANCE GRANTS ("MAGS"), CATALYTIC COMMUNITY COHORTS ("C3"), THE COMMONS, PERFORMANCE IMPERATIVE, THE TRANSFORMATIONAL LEADERSHIP COHORT, AND LARGE AND SMALL AGENCY COHORTS, THE FUND WORKS WITH NONPROFIT ORGANIZATIONS IN ALLEGHENY COUNTY AND SOUTHWESTERN PENNSYLVANIA AND IS BUILDING A GROWING NETWORK OF PARTNERSHIPS ACROSS THE COMMONWEALTH OF PENNSYLVANIA, THE NATION, AND THE GLOBE.IN 2020, THE FUND'S BOARD OF DIRECTORS (THE "BOARD") APPROVED A RACIAL JUSTICE EQUITY FRAMEWORK THAT INFORMS OUR PROGRAMMING TODAY AND IN THE FUTURE. THIS FRAMEWORK INCLUDES INVESTING IN DIVERSE LEADERSHIP, INCREASING THE CAPACITY OF MINORITY-LED ORGANIZATIONS, DEVELOPING SCENARIO PLANNING AND INCREASING COLLABORATIVE CAPACITY OF REGIONAL ORGANIZATIONS. FINALLY, AS A RESULT OF COVID-19, THE FUND HAS BEEN WORKING WITH THE REGIONAL NONPROFIT SECTOR TO NOT ONLY HELP ORGANIZATIONS SURVIVE THE PANDEMIC BUT TO PREPARE FOR THE CHANGES THAT WILL LIKELY OCCUR INCLUDING CHANGES TO FUNDING CYCLES, PHILANTHROPIC PRIORITIES, AND AN INCREASE EMPHASIS ON COLLABORATION. THIS HAS LED TO THE LAUNCH OF VARIOUS LEARNING COHORTS WITH NONPROFITS ON TOPICS LIKE HUMAN RESOURCES, EQUITABLE ENTREPRENEURISM, FUNDRAISING AND ADVOCACY, SUCCESSION PLANNING, OPERATIONAL RESERVES, AND SCENARIO PLANNING. THE FUND ALSO WORKED WITH A GROUP OF SKILLED PRACTITIONERS, EDUCATORS, DOCTORS, SCIENTISTS, AND PHILANTHROPISTS TO ADDRESS THE IMPACT ON THE PANDEMIC ON RESILIENT BLACK, BROWN, AND LGBQTIA+ COMMUNITIES AROUND THE COMMONWEALTH OF PENNSYLVANIA. THIS WORK WAS IN COLLABORATION WITH THE PA SECRETARY OF HEALTH AND IS FOCUSED ON ADDRESSING CURRENT HEALTH AND HEALTHCARE INEQUITIES, EQUIPPING FEDERALLY QUALIFIED HEALTH CENTERS WITH RESOURCES LIKE CONTACT TRACERS, AND SUPPORTING WORKFORCE AND SOCIAL SECTOR INVESTMENTS FOR ESSENTIAL WORKERS WHO ARE MORE LIKELY TO CONTRACT THE DISEASE. THE FUND NOW ALIGNS ALL SERVICES WITH THE SOCIAL DETERMINATES OF HEALTH (SDOH) AND UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS (UNSDGS) TO SHOW THE LOCAL AND GLOBAL IMPACTS OF THE REGION. THIS NEW APPROACH TO ECOSYSTEMS DEVELOPMENT REQUIRES LEVERAGING PARTNERSHIPS AND TOOLS TO ESTABLISH SHARED GOALS. THE GOAL IS TO NOT ONLY IMPROVE THE ORGANIZATIONAL CAPACITY OF NONPROFITS BUT TO ENSURE THAT THE POPULATIONS SERVED BY ORGANIZATIONS THE FUND SUPPORTS WILL BENEFIT AS WELL. THE PREMISE IS THAT INDIVIDUALS SERVED BY THE ORGANIZATIONS THE FUND SUPPORTS ARE OFTENTIMES DEALING WITH MORE THAN ONE ISSUE, AND A HOLISTIC, COLLABORATIVE APPROACH INVOLVING THE INPUT OF MULTIPLE ORGANIZATIONS IS NECESSARY. THE FUND'S WORK IS CENTERED AROUND MORE THAN TRANSACTIONAL RELATIONSHIPS AND APPROACHES; THE AIM IS TO FOSTER TRANSFORMATIONAL PARTNERSHIPS AND TO OPTIMIZE HOW THE NONPROFIT ECOSYSTEM INTERACTS WITH FUNDERS, GOVERNMENT, PRIVATE SECTOR AND OTHERS IN THE PITTSBURGH REGION. CURRENTLY, THE FUND IS EXPLORING CO-DESIGNED APPROACHES THAT ARE ITERATIVE AND AGILE, ESPECIALLY AS THE NONPROFIT SECTOR ADDRESSES THE REALITIES OF ECONOMIC STRESSES AND SHOCKS TO THE REGION. RECOGNIZING THAT THESE STRESSES AND SHOCKS WILL PUT UNTOLD STRAIN ON SOUTHWESTERN PENNSYLVANIA, THE FUND'S INTENTION WILL BE MOVING FROM SYSTEMS CHANGE TO ECOSYSTEMS COCREATION--WHERE DIVERSE NETWORKS AND CROSS-SECTORAL PARTNERSHIPS CAN HAVE VIBRANT EXCHANGES OF IDEAS AND WHERE TRANSFORMATIONAL LEADERS CAN DRIVE SHARED SOLUTIONS.


GREATER PITTSBURGH NONPROFIT PARTNERSHIP (GPNP): LEVERAGING THE COLLECTIVE STRENGTH OF THE SECTOR TO INFORM POLICY, GIVE INPUT TO COMMUNITY PRIORITIES AND STRATEGIES, AND INCREASE THEIR PURCHASING POWER. BI-ANNUALLY, GPNP ORGANIZES THE GREATER PITTSBURGH NON-PROFIT SUMMIT WHICH BRINGS TOGETHER LOCAL NONPROFIT STAFF AND BOARD MEMBERS PLUS OTHER INTERESTED PARTIES TO DISCUSS OVER AN AFTERNOON, VARIOUS TOPICS OF INTEREST FOR NONPROFITS THAT FOSTERS CAPACITY BUILDING AND SOCIAL INNOVATION.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Elisabeth Schroeder
Member At Large
$0
Jonathan Brelsford
Member At Large (eff. 12/22)
$0
Jason Jones
Treasurer
$8,050
Kathy Humphrey Chair
(thru 06/22), Member At Large
$0
Bill Isler Vice Chair
(thru 06/22), Chair (eff. 06/22)
$0
Ann E Cudd
Member At Large
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Influence Sg
Accel Programming
$126,500
Catchafire
Technology Hosting
$115,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$4,380
Membership dues$56,621
Fundraising events$0
Related organizations$439,404
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$751,555
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,251,960
Total Program Service Revenue$116,275
Investment income $205,656
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $144,308
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,718,199

Grants Awarded

Over the last fiscal year, The Forbes Funds has awarded $304,999 in support to 16 organizations.

Grant RecipientAmount

SKYLINE RECOVERY

PURPOSE: TO FORM A FORMAL STRATEGIC PARTNERSHIP TO REMOVES BARRIERS AND EMPOWERS INDIVIDUALS

$40,000

LARIMER CONSENSUS GROUP

PURPOSE: DEVLOP A PHYSICAL/DIGITAL INFRASTRUCTURE TO ALLOW SENIORS TO RECORD VIDEO MESSAGES AT STORY-SITES

$30,000

OPERATION BETTER BLOCK

PURPOSE: AID FOR FINANCIAL CRISIS TO CREATE A FINANCAL SPENDING TRACKING SYSTEM

$25,000

ALLEGHENY LAND TRUST

PURPOSE: RETAIN DEI CONSULTANT TO DEVELOP POLICIES, PRACTICES, AND PROGRAMS

$25,000

AWAKEN PITTSBURGH

PURPOSE: TO DEVELOP A SHARED COMMUNITY HEALTH, EDUCATION, AND WELLBEING SPACE

$30,000

RADIANT HALL STUDIOS

PURPOSE: TO EXPLORE JOINT OPERATIONS

$20,000
View Grant Profile

Peer Organizations

Organization NameAssets
Theodore J Forstmann Charitable Trust
New York, NY
$703,020
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust
New York, NY
$7,387,635
The Zegar Family Foundation
New York, NY
$35,430,517
The Blackrock Charitable Foundation
New York, NY
$10,722,340
Robert And Adele Schiff Family Foundation Inc
Cincinnati, OH
$14,379,380
Young Mens Christian Association Of The Chesapeake Inc
Easton, MD
$23,391,528
Chesed Foundation Of America
New York, NY
$8,652,812
Fifth Third Union Trust Co Foundation
Cincinnati, OH
$8,921,924
Mathile Family Foundation
Dayton, OH
$4,058,921
Morgridge Family Foundation
Wilmington, DE
$45,209,679
Huntington Foundation
Columbus, OH
$20,067,123
Robert W Wilson Charitable Tr
New York, NY
$6,256,282
Estee Lauder Companies Charitable Foundation
New York, NY
$12,239,175
GDS Legacy Foundation Inc
Wilmington, DE
$575,846
Highmark Foundation
Pittsburgh, PA
$5,969,409
Carol Ann And Ralph V Haile Jr Foundation
Cincinnati, OH
$1,725,731
Lisa Dean Moseley Foundation
Rockland, DE
$7,206,561
Hamilton Family Charitable Trust
Wayne, PA
$49,505,637
Viola Foundation Inc
New York, NY
-$301,393
Bern Schwartz Family Foundation
Wilmington, DE
-$438,612
Mark D Hostetter And Alexander N Habib Foundation
New York, NY
$18,404
Seed The Dream Foundation
Gladwyne, PA
$2,461,342
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee
Montchanin, DE
$5,591,943
Jmt Charitable Foundation
New York, NY
$9
De Beaumont Foundation Inc
Bethesda, MD
$10,438,308

Create an account to unlock the data you need.

or