NonprofitsThe Forbes Funds

The Forbes Funds

PITTSBURGH, PA

Total revenue

$1.7M

Total expenses

$2.3M

Net assets

$9.4M

Grants received

$5.9M

44 grants

EIN

251418095

Tax year

2024

Mission

To focus on strengthening the management capacity and impact of community nonprofits individually and collectively.

Programs

3 programs

Gpnp: leveraging the collective strength of the sector to inform policy, give input to community priorities and strategies, and increase their purchasing power. Biennially, gpnp organizes ai cohorts 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.

Expenses: $333K

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. Continues on schedule o over the past six years the fund has aligned its traditional programming to increase engagement with the fund'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's board of directors (the "board") approved a racial justice equity framework.. 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. The fund works 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 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'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 leaders can drive shared solutions.

Expenses: $49K

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.

Expenses: $398K

Financials

FY 2024

Revenue

Contributions & grants$519K
Program service revenue$410K
Investment income$755K
Other revenue
Total revenue$1.7M

Expenses

Grants paid$170K
Salaries & benefits$1.1M
Fundraising$120K
Other expenses$1.1M
Total expenses$2.3M
Total assets$9.8M
Net assets$9.4M

People

12 listed

NameRoleCompensation

FRED BROWN

PRESIDENT/CEO

Board

$230K

65 hrs/wk

JASON JONES

TREASURER

Board

$5K

1 hrs/wk

KATHY HUMPHREY

MEMBER AT LARGE

Board

1 hrs/wk

ELISABETH SCHROEDER

MEMBER AT LARGE

Board

1 hrs/wk

JEREMIAH BROOKER

MEMBER AT LARGE (ENTER 6/24)

Board

1 hrs/wk

STANLEY LITOW

MEMBER AT LARGE (ENTER 6/24)

Board

1 hrs/wk

SYLVIA FIELDS

MEMBER AT LARGE (EXIT 3/24)

Board

1 hrs/wk

JONATHAN BRELSFORD

MEMBER AT LARGE

Board

1 hrs/wk

BILL ISLER

CHAIR

Board

1 hrs/wk

JAMES E TAYLOR

VICE CHAIR

Board

1 hrs/wk

OLIVIA BENSON GALLINA

CHIEF OPERATING OFFICER

Staff

$104K

50 hrs/wk

HANNAH KAROLAK

CHIEF PROGRAM OFFICER

Staff

$103K

50 hrs/wk

Independent contractors

SKILLBUILDERS IO INC

AI COHORT TRAINING

$135K

Grants received

Showing 44 of 44

FromAmountPurposeYear
$503K
COMMUNITY ASSISTANCE
2024
$500K
TO PROVIDE OPERATING SUPPORT TO DIRECTLY IMPACT OVER 300 NONPROFIT ORGANIZATIONS BY PROVIDING CAPACITY BUILDING SERVICES, TECHNICAL ASSISTANCE, AND DIGITAL BADGES
2023
$437K
PUBLIC FOUNDATIONS
2023
$128K
TO 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
2023
$25K
GENERAL SUPPORT
2023
$15K
TO SUPPORT THE GREATER PITTSBURGH NONPROFIT PARTNERSHIP AND ITS 2023 SUMMIT
2023
$10K
2023 GREATER PITTSBURGH NONPROFIT PARTNERSHIP SUMMIT
2023
$8K
SPONSORSHIP
2023
$406K
PUBLIC FOUNDATIONS
2022
$250K
CAPACITY BUILDING PROGRAMS FOR NONPROFITS IN SOUTHWESTERN PENNSYLVANIA
2022
$175K
TO DEVELOP THE BUILDING EQUITABLE NAVIGATION NETWORKS PILOT PROGRAM, BRIDGING THE GAP BETWEEN COMMUNITY-BASED ORGANIZATIONS THAT SERVE UNDER RESOURCED AND VULNERABLE COMMUNITIES AND EMERGING CARE COORDINATION NETWORKS
2022
$150K
STANDARDIZING, STRENGTHENING, AND SUSTAINING MEALS ON WHEELS GREATER PITTSBURGH COLLABORATION
2022
$128K
TO 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
2022
$15K
TO SUPPORT THE GREATER PITTSBURGH NONPROFIT PARTNERSHIP, INCLUDING THE 2021 SUMMIT
2022
$5K
TO SUPPORT THE "LEADING DEVELOPMENT FOR NONPROFITS" PROGRAM TO PREPARE BIPOC PROFESSIONALS FOR DIRECTOR OF DEVELOPMENT POSITIONS WITHIN LOCAL NONPROFITS
2022
$1K
UNRESTRICTED CONTRIBUTION TO PUBLIC CHARITY
2022
$500K
TO CREATE A THRIVING NON-PROFIT ENVIRONMENT TO RESPOND TO THE CHANGING ECONOMIC LANDSCAPE IN OUR REGION. THE FORBES FUNDS (TFF) WILL DIRECTLY IMPACT OVER 500 ORGANIZATIONS PROVIDING CAPACITY BUILDING SERVICES TO 21,000 NONPROFIT PROFESSIONALS
2021
$500K
TO SUPPORT CAPACITY BUILDING PROGRAMS (LIKE ENHANCED FISCAL MANAGING AND ORGANIZATIONAL ACCOUNTABILITY) AMONG SWPA NONPROFITS THROUGH TECHNICAL ASSISTANCE, COACHING, AND CAPACITY BUILDING GRANTS.
2021
$150K
STANDARDIZING, STRENGTHENING, AND SUSTAINING MEALS ON WHEELS GREATER PITTSBURGH COLLABORATION
2021
$60K
A TWO YEAR GRANT TO SUPPORT ACCEL FUNDRAISING TRAINING AND A SPECIAL TECHNICAL ASSISTANCE FUND FOR 2021, 1ST OF 2 PAYMENTS
2021
$50K
TO CREATE A CURRICULUM FOR THE ECODISTRICTS PLANNING FRAMEWORK THAT ADVANCES CLIMATE PROTECTION, SOCIAL EQUITY AND COMMUNITY RESILIENCE IN SIX LOW-INCOME NEIGHBORHOODS IN PITTSBURGH
2021
$50K
TO SUPPORT CO-DESIGNED COMPREHENSIVE COMMUNITY PLANNING IN PITTSBURGH
2021
$30K
TO SUPPORT THE "LEADING DEVELOPMENT FOR NONPROFITS" PROGRAM TO PREPARE BIPOC PROFESSIONALS FOR DIRECTOR OF DEVELOPMENT POSITIONS WITHIN LOCAL NONPROFITS
2021
$25K
2ND PAYMENT OF A TWO YEAR GRANT TO SUPPORT ACCEL FUNDRAISING TRAINING, APPROVED IN 2020
2021
$15K
2021 GREATER PITTSBURGH NONPROFIT PARTNERSHIP (GPNP) SUMMIT
2021
$10K
GENERAL SUPPORT
2021
$10K
FOR EMERGENCY RESTORATION OF THE ARTHOUSE IN HOMEWOOD AFTER A FIRE DAMAGED THE PROPERTY ON FEBRUARY 14, 2021
2021
$5K
NONPROFIT PARTNERSHIP SUMMIT
2021
$700K
TO CREATE A THRIVING NONPROFIT ENVIRONMENT THAT IS ALIGNED WITH THE EMERGING ECONOMICS THAT IS TRANSFORMING THE CITY OF PITTSBURGH AND DIRECTLY IMPACTING 252 ORGANIZATIONS IN PROVIDING CAPACITY BUILDING SERVICES, WITH A CORE FOCUS ON EQUITY AND INCLUSION
2020
$402K
PHILANTHROPY, VOLUNTARISM, AND GRANTMAKING
2020
$250K
BUILDING NONPROFIT CAPACITY DURING AND POST-PANDEMIC
2020
$60K
A TWO YEAR GRANT TO SUPPORT ACCEL FUNDRAISING TRAINING AND A SPECIAL TECHNICAL ASSISTANCE FUND FOR 2021, 1ST OF 2 PAYMENTS
2020
$50K
TO BUILD CAPACITY IN THE REGION TO ADDRESS RACIAL EQUITY AND BUILD ANTI-RACIST INSTITUTIONS AND SYSTEMS USING THE SOCIAL DETERMINANTS OF HEALTH AS A GALVANZING PLATFORM
2020
$40K
INCREASE THE CAPACITY OF 25 MINORITY-LED ORGANIZATIONS THROUGH LEARNING CIRCLES, EDUCATION COHORTS, SCENARIO PLANNING THEORY INTO ACTION, AND PLACE-BASED ASSET MAPPING TO SUPPORT PEER-TO-PEER ENGAGEMENT, MENTORSHIP, AND COLLABORATION.
2020
$25K
FOR SPONSORSHIP OF THE 2019 SUMMIT ON DECEMBER 3, 2019
2020
$25K
TO SUPPORT ACCEL FUNDRAISING TRAINING AND COHORT LEARNING IN 2020 2ND AND FINAL PAYMENT FROM 2019 APPROVED GRANT
2020
$28K
SUPPORT CIVIC ENGAGEMENT
2019
$15K
TO SUPPORT THE GPNP 2019 NONPROFIT SUMMIT
2019
$5K
GPNP 2019 SUMMIT
2019
$50K
TO SUPPORT ACCEL FUNDRAISING TRAINING AND COHORT LEARNING IN 2019
2018
$40K
BUILD THE LEADERSHIP CAPACITY OF LOCAL ORGANIZATIONS TO MORE EFFECTIVELY SERVE THE COMMUNITY THROUGH INDIVIDUAL COACHING AND TRAINING AND THE ADDITION OF PEER LEARNING COHORTS OFFERED BY HIGHLY EXPERIENCED RETIRED EXECUTIVES AND GROUP TRAININGS.
2017
$5K
SPONSORSHIP
2017
$5K
2017 GPNP NONPROFIT SUMMIT SCHOLARSHIP
2017

Funded by

$5.9M from 13 funders · 44 grants · 2017–2024

The Heinz Endowments

$2.8M · 12 grants · 2020–2023

The Pittsburgh Foundation

$1.7M · 4 grants · 2020–2024

Hillman Family Foundations

$825K · 6 grants · 2020–2023

The Benter Foundation

$220K · 5 grants · 2018–2021

Jefferson Regional Foundation

$80K · 2 grants · 2017–2020

The Buhl Foundation

$50K · 3 grants · 2019–2022

Upmc Group

$35K · 2 grants · 2021–2023

Details

EIN251418095
Subsection03
Ruling date1982-06
Formed1982
Employees9
Volunteers15
THE FORBES FUNDS — Mission, Financials & Grants Received | Grantivo