Mary C Forbes Charitable Foundation
- Assets
- $0.0
- Revenue
- $143.9k
- Investments
- $0.0
- Employees
- 0
- Location
- South Pasadena, FL
- Founding
- 01/1999
- Data as of
- 06/2020
- EIN
- 59-7112797
Organization Overview
Mary C Forbes Charitable Foundation is located in South Pasadena, FL. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary C Forbes Charitable Foundation 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 06/2020, Mary C Forbes Charitable Foundation generated $143.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $272.4k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mary C Forbes Charitable Foundation has awarded 23 individual grants totaling $136,600. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARY C. FORBES CHARITABLE FOUNDATION WAS ESTABLISHED BY THE TESTAMENTARY PROVISION OF MARY C. FORBES REVOCABLE TRUST AGREEMENT. MS. FORBES WAS AN ACTIVE AND COMMITTED MEMBER OF THE ROMAN CATHOLIC CHURCH, ST. PETERSBURG DIOCESE. THE TRUST CREATED AN ONGOING FOUNDATION IN THE FORM OF A CONTINUING TRUST TO PROVIDE SCHOLARSHIPS FOR STUDENTS WHO RESIDE WITHIN THE DIOCESE OF ST. PETERSBURG AND ARE ACTIVE PRACTITIONERS OF THE ROMAN CATHOLIC FAITH FOR THE PURPOSE OF SEEKING THEIR CATHOLIC EDUCATION. THE SCHOLARSHIPS ARE AVAILABLE FOR STUDENTS RESIDING IN THE DIOCESE WHO ARE ATTENDING OR APPLYING TO CATHOLIC ELEMENTARY, MIDDLE, AND HIGH SCHOOLS. AWARD OF A GRANT IS BASED ON A VARIETY OF FACTORS INCLUDING FINANCIAL NEED AS WELL AS ACADEMIC MERIT, TAKING INTO CONSIDERDATION THE GRADE LEVEL OF THE APPLICANT. THE RECIPIENT OF A SCHOLARSHIP MUST CONTINUE TO REFLECT FINANCIAL NEED, DISPLAY ACADEMIC ACHIVEVEMENT AND CONTINUE TO ACTIVELY PRACTICE THE ROMAN CATHOLIC FAITH. THE SOLE SOURCE OF INCOME
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,534 |
| Dividends & Interest | $20,050 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,131 |
| Total Revenue | $143,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,992 |
| Pension plans, employee benefits | $2,816 |
| Depreciation | $0 |
| Occupancy | $6,260 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $135,848 |
| Contributions, gifts, grants paid | $136,600 |
| Total expenses and disbursements | $272,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,943 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $1,408,693 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mary C Forbes Charitable Foundation has awarded $136,600 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
St Petersburg, FL PURPOSE: STUDENT SCHOLARSHIPS | $50,000 |
Tampa, FL PURPOSE: STUDENT SCHOLARSHIPS | $35,000 |
Clearwater, FL PURPOSE: STUDENT SCHOLARSHIPS | $12,500 |
Spring Hill, FL PURPOSE: STUDENT SCHOLSHIPS | $10,000 |
ST PAUL CATHOLIC SCHOOL PURPOSE: STUDENT SCHOLARSHIPS | $6,000 |
ST JUDE CATHEDRAL CATHOLIC HIGH SC PURPOSE: STUDENT SCHOLARSHIPS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |