Mission
SEE SCHEDULE O
Public Charity
THE FORBES FUNDS
THE FORBES FUNDS is a Public Charity headquartered in PITTSBURGH, PA. Financial data from the 2024 filing: $1.7M revenue, $2.3M expenses, $9.8M total assets. 21 publicly reported grants to this organization, totaling roughly $3.4M, appear in IRS filings.
EIN: 251418095
PITTSBURGH, PA
Latest filing: 2024
Total Revenue$1.7M
Total Expenses$2.3M
Total Assets$9.8M
Grant Records21
Funding Total$3.4M
Filing Years2019–2024
Where $100 goes at The Forbes Funds
How The Forbes Funds divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$79
Programs
the work itself
$16
Management
running the organization
$5
Fundraising
raising the next dollar
Inside the $79 for programs
$42
Capacity building
$19
Social innovation
$16
Gpnp
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
COMMUNITY ASSISTANCE
$502,527
RESEARCH- SUBCONTRACT
$7,500
PUBLIC FOUNDATIONS
$437,400
GENERAL SUPPORT
$25,000
SPONSORSHIP
$7,500
Showing up to 5 of 21 total records — full history available with membership.
Officers & Directors
CHAIR
Bill Isler
MEMBER AT LARGE
Elisabeth Schroeder
PRESIDENT/CEO
Fred Brown
CHIEF PROGRAM OFFICER
Hannah Karolak
VICE CHAIR
James E Taylor
TREASURER
Jason Jones
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $1.7M | $2.3M | $9.8M |
| 2023 | $2.7M | $2.6M | $10.3M |
| 2022 | $1.7M | $2.5M | $9.8M |
| 2020 | $2.2M | $2.3M | $9.8M |
| 2019 | $2.1M | $2.2M | $9.4M |
Between 2019 and 2024, reported annual revenue declined from $2.1M to $1.7M (-21%), with total assets most recently reported at $9.8M.
Interactive year-over-year charts and full filing details available with membership.