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Also known as: FOUNDATION
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Sarah E Forbes Md Charitable Foundation is a private corporation based in NEWPORT NEWS, VA. The foundation received its IRS ruling in 2017. The principal officer is Sarah E Forbes. It holds total assets of $1.1M. Annual income is reported at $35K. Total assets have grown from $601K in 2019 to $1.1M in 2024. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2024. Grantmaking is concentrated in Virginia. According to available records, Sarah E Forbes Md Charitable Foundation has made 12 grants totaling $379K, with a median grant of $39K. Annual giving has grown from $99K in 2020 to $280K in 2022. Individual grants have ranged from $11K to $40K, with an average award of $32K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
Smallest Grant
$13K
Median Grant
$19K
Average Grant
$22K
Largest Grant
$38K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Sarah E Forbes Md Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in VA.
Sarah E Forbes Md Charitable Foundation has distributed a total of $379K across 12 grants. The median grant size is $39K, with an average of $32K. Individual grants have ranged from $11K to $40K.
Sarah E Forbes Md Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Sarah E Forbes Md Charitable Foundation is headquartered in NEWPORT NEWS, VA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| E D David Jd | PRESIDENT/TR | $0 | $0 | N/A |
| Joshua M David Jd | VP/SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.1M
Fair Market Value
N/A
Net Worth
$1.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
12
Total Giving
$379K
Average Grant
$32K
Median Grant
$39K
Unique Recipients
4
Most Common Grant
$40K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Christopher Newport UniversityUNRESTRICTED | Newport News, VA | $40K | 2022 |
| Mariners MuseumUNRESTRICTED | Newport News, VA | $40K | 2022 |
| Boys & Girls Club Of Va PeninsulaUNRESTRICTED | Newport News, VA | $40K | 2022 |
| Va Living MuseumUNRESTRICTED | Newport News, VA | $20K | 2022 |