Bruce and Cynthia Sherman
The Bruce and Cynthia Sherman Charitable Foundation is a private foundation based in West Palm Beach, Florida, established in 2006. The foundation operates as a 501(c)(3) organization and maintains significant assets to support its grantmaking activities across multiple focus areas.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$26.2M
+10.2% YoY
Annual Giving
$1.1M
+39.8% YoY
Grant Count
21
-8.7% YoY
Avg Grant Size
$54K
+53.1% YoY
Mission & Focus Areas
The foundation's grantmaking priorities include education, health and medical initiatives, community health, human services, and philanthropy. The foundation also administers the Sherman Prize, a recognition program that honors emerging leaders and distinguished achievements in specific fields.
Grantmaking
The foundation made 16 grants in 2024, with total giving of $1,136,110. Typical grant awards range from $200,000 to $1,000,000.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated in New York, Florida, and New Jersey, with a particular presence in the West Palm Beach area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $26,208,582
- Total Revenues: $3,923,555
- Total Expenses: $1,508,098
- Total Giving: $1,136,110
The foundation maintains no employees and operates with a lean administrative structure.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $26,208,582 | $23,793,125 | $22,450,483 |
| Revenue | $3,923,555 | $2,484,682 | $95,044 |
| Expenses | $1,508,098 | $1,142,040 | $1,699,975 |
| Qualifying Distributions | $1,460,573 | $1,122,330 | $1,678,932 |
| Net Investment Income | $3,847,043 | $2,372,690 | $287,675 |
| Distributable Amount | $1,278,945 | $1,178,563 | $1,191,011 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
100 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRUCE S SHERMAN | PRESIDENT | 10 | — |
| CYNTHIA L SHERMAN | TREASURER | 10 | — |
| DANIEL SHERMAN | CLERK | 5 | — |
Recent News & Activity
Recent developments and announcements
The foundation actively administers the Sherman Prize program, which recognizes achievement and emerging leadership. The foundation announced nominations and awards for the Sherman Prize in 2023, 2024, and 2025, indicating ongoing commitment to this recognition initiative.
Bruce and Cynthia Sherman Foundation Now Accepting Nominations for the 2025Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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