David and Elizabeth Sherman Foundation
David and Elizabeth Sherman Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.5M in total assets. In 2025, it awarded 6 grants totaling $204K. Net investment income was $120K.
David and Elizabeth Sherman Foundation at a glance
In short: David and Elizabeth Sherman Foundation gave $204K across 6 grants in 2025 (avg $34K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $203,500
- +1.8% vs 2024
- Grants made (2025)
- 6
- +200.0% vs 2024
- Average grant
- $33,917
- -66.1% vs 2024
- Median grant
- $25,000
- Total assets
- $2,509,552
- -3.3% vs 2024
- Primary geography
- New York (99% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who David and Elizabeth Sherman Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Breakthrough NY Inc ($100K). Together the top 6 received $204K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 10 grants of 21 (48%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How David and Elizabeth Sherman Foundation gives
- Giving fell 40% from 2022 to 2025. Method
- In 2025 it paid out 158% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $155K (2023) to $360K (2020). In 2025 it made 6 grants totaling $204K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Breakthrough NY Inc New York, NY | General Charitable Purposes | $100,000 |
| Temple Shaaray Tefila New York, NY | General Charitable Purposes | $50,000 |
| Columbia Business School New York, NY | General Charitable Purposes | $25,000 |
| Planned Parenthood of Greater New York New York, NY | General Charitable Purposes | $25,000 |
| New Orleans Trad Jazz Camp New Orleans, LA | General Charitable Purposes | $2,500 |
| National Eating Disorders Association New York, NY | General Charitable Purposes | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,509,552 | $133,576 | $219,147 | $203,500 | 6 | $205,300 | $119,729 | $130,137 |
| 2024 | $2,595,123 | $160,886 | $213,024 | $200,000 | 2 | $200,000 | $147,937 | $130,116 |
| 2023 | $2,647,261 | $173,097 | $167,443 | $155,000 | 3 | $156,600 | $162,254 | $129,416 |
| 2022 | $2,641,607 | $28,725 | $358,392 | $340,000 | 5 | $341,600 | $39,246 | $140,474 |
| 2021 | $2,971,274 | $29,996 | $320,000 | $320,000 | 5 | $320,000 | $29,996 | $169,702 |
| 2020 | $3,261,278 | $3,631,651 | $370,373 | $360,000 | 6 | — | $521,801 | $157,038 |
Under IRS private-foundation payout rules, David and Elizabeth Sherman Foundation reported a distributable amount of $130K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
David and Elizabeth Sherman Foundation is led by David M. Sherman, Co-President, Treasurer & Director on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
David M. Sherman
Co-President, Treasurer & Director
On filings since 2020
2 hrs/week
No compensation reported
Elizabeth A. Sherman
Co-President, Secretary & Director
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about David and Elizabeth Sherman Foundation
How much does David and Elizabeth Sherman Foundation give each year?
David and Elizabeth Sherman Foundation gave $204K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $200K across 2 grants.
What is David and Elizabeth Sherman Foundation's typical grant size?
David and Elizabeth Sherman Foundation's median grant in 2025 was $25,000, and its average grant was $33,917, across 6 grants on its 2025 IRS Form 990-PF.
Where does David and Elizabeth Sherman Foundation give grants?
David and Elizabeth Sherman Foundation gives mostly in New York: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (5 grants).
Does David and Elizabeth Sherman Foundation give general operating support?
Yes: 100% of David and Elizabeth Sherman Foundation's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are David and Elizabeth Sherman Foundation's largest grantees?
David and Elizabeth Sherman Foundation's largest 2025 grantees include Breakthrough NY Inc ($100,000), Temple Shaaray Tefila ($50,000) and Columbia Business School ($25,000), according to its 2025 IRS Form 990-PF. Together they received 86% of its itemized 2025 grant dollars.
How large is David and Elizabeth Sherman Foundation?
David and Elizabeth Sherman Foundation reported $2.5M in total assets on its 2025 IRS Form 990-PF. It paid out $205K in qualifying distributions that year, against a required minimum of $130K (roughly 5% of its investment assets).
What is David and Elizabeth Sherman Foundation's EIN?
David and Elizabeth Sherman Foundation's EIN (Employer Identification Number) is 84-4448042. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 29, 2021)
- Added Form 990-PF for fiscal year 2021 (received by the IRS November 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
Live grants for the work David and Elizabeth Sherman Foundation funds
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