EIN 25-1418095

The Forbes Funds

IRS 501(c) type
501(c)(3)
Num. employees
12
Year formed
1982
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Forbes Funds strengthens the management capacity and impact of community nonprofits individually and collectively through a systemic transformational model. It sits at the intersection between funders and the nonprofit community to advance the well-being of the region. Greater Pittsburgh Nonprofit Partnership (GPNP) leverages the collective strength of the sector to inform policy, give input to community priorities and strategies, and increase their purchasing power. GPNP organizes The Greater Pittsburgh Nonprofit Partnership (GPNP) bi-annually.
Related structure
The Forbes Funds is a subordinate organization under The Pittsburgh Foundation.
Total revenues
$2,655,431
2023
Total expenses
$2,593,246
2023
Total assets
$10,327,800
2023
Num. employees
12
2023

Program areas at The Forbes Funds

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.
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.
The fund sits at The intersection between philanthropy and The nonprofit community. Building upon our 40 plus year history of supporting our region, The fund has shifted towards a systemic, ecosystems development approach to drive transformative change. The mission of The fund focuses on improving and empoweringthe 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.see continuation on schedule o. Over The past five years The fund has aligned its traditional programming to increase engagement with The fund'Funds's 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"), learning and education , executive-in-residence ("eir"), management assistance grants ("mags"), catalytic community cohorts ("c3"), The commons, 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'Funds's board of directors (The "board") approved a racial justice equity framework that informs The fund'Funds's 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. This has led to The development of an international anti-racism institutional cohort ("arc") and The transformative leadership cohort. 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 such asartificial intelligence, human resources, equitable entrepreneurism, fundraising and advocacy, revenue diversification, succession planning, operational reserves, and scenario planning. The fund has worked with a group of skills practitioners, educators, doctors, scientists, and philanthropists to address The impact on The pandemic on resilient black, brown, and lgbtqia+ 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 has also partnered with technology companies to support nonprofit adoption to emerging technologies like assisted intelligence. The fund now aligns all services with The social determinates of health ("sdoh") and united nations sustainable development goals ("unsdg") 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 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'Funds'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'Funds'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 leaders can drive shared solutions.
Social innovation: accelerating The development of partnering models and technological innovation, like artificial intelligence, to reduce expenses and/or increase The impact of community nonprofit organizations.

Grants made by The Forbes Funds

GranteeGrant descriptionAmount
Homeless Children's Education FundImplement A Community Pop-Up Element To Expand Mobile Learning Program$40,000
Shadow Student Athlete Development ServicesFoster Diversity, Equity, Inclusion, Belonging and Accessibility; Promote Health Equity in the Community$30,000
Squirrel Hill Urban CoalitionSupport for A Strategic and Financial Plan$20,000
...and 8 more grants made

Who funds The Forbes Funds

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Heinz EndowmentsTo Provide Operating Support To Directly Impact Over 300 Nonprofit Organizations By Providing Capacity Building Services, Technical Assistance, and Digital Badges$500,000
The Heinz EndowmentsTo Support Thrive, An HR Building Program That Will Offer Multi-Faceted Approaches, Including the Development of New Resources To Attain Measurable Improvement in Capacity Building$127,500
Upmc GroupGeneral Support$25,000
...and 3 more grants received

Financials for The Forbes Funds

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,960,108
Program services$230,091
Investment income and dividends$267,282
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$197,950
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,655,431
Data update history
January 22, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 14, 2025
Received grants
Identified 3 new grant, including a grant for $500,000 from The Heinz Endowments
January 3, 2025
Received grants
Identified 2 new grant, including a grant for $437,400 from The Pittsburgh Foundation
October 22, 2024
Updated personnel
Identified 2 new personnel
September 24, 2024
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvement
Characteristics
Political advocacyLobbyingState / local levelEndowed supportTax deductible donationsAccepts online donations
General information
Address
5 PPG Pl 250
Pittsburgh, PA 15222
Metro area
Pittsburgh, PA
County
Allegheny County, PA
Website URL
forbesfunds.org/ 
Phone
(412) 391-5122
IRS details
EIN
25-1418095
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1982
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S50: Nonprofit Management
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Subordinate organization
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