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Nonprofiteer
← STUART AND MARGARET L FORBES FOUNDATION INC

Form 990-PF for tax year 2024

Filed by STUART AND MARGARET L FORBES FOUNDATION INC.

Totals

Total revenue
$123,921
Total expenses
$144,086
Contributions and grants received
$500
Contributions, gifts and grants paid
$126,711
Fair market value of assets, end of year
$1,983,219

Listed in Part VIII

  • James T Boyle Jr

    VICE CHR/PRE

    Total calculated
    $0
    Hours/week
    2
  • Susan McHugh

    CHAIR/VICE P

    Total calculated
    $0
    Hours/week
    2
  • F K McFarland III

    DIRECT/SEC/T

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VIII of the Form 990-PF: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants paid on this return

Grants paid, cash basis (Part I, line 25, column (d))
$126,711
As filed, and sometimes filed as 0.
Grants paid, Part XV total (line 3a)
$126,711
The foundation's own total of the grants it itemizes.

These are the grants the foundation paid during the year. The “Contributions, gifts and grants paid” total above is the figure on the foundation's books. This return marks the cash method, under which a grant is recorded when it is paid. Even so, the books total and the cash figures in this section can differ, and column (d) is sometimes filed as 0.

  • POLK COUNTY SCHOOLS

    $105,000

    COLUMBUS, NC

    OPERATIONAL SUPPORT

  • GO GLOBAL NC - GLOBAL TEACHERS

    $15,000

    MORRISVILLE, NC

    OPERATIONAL EXPENSES

  • TRYON CHILDREN'S THEATER FESTIVAL

    $5,000

    TRYON, NC

    OPERATIONAL EXPENSES

  • LANIER LIBRARY

    $1,511

    TRYON, NC

    OPERATIONAL EXPENSES

  • CAROLINA FOOTHILLS FOUNDATION

    $200

    FOREST CITY, NC

    OPERATIONAL SUPPORT

Provenance

Return type
form_990_pf
Tax year
2024
Filed
23 May 2025
IRS schema version
2024v5.0
Source object
202511489349100316

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