David and Elizabeth Sherman Foundation

NEW YORK, NY EIN: 84-4448042

David and Elizabeth Sherman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 2 grants totaling $200K. Net investment income was $148K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.6M

-2.0% YoY

Annual Giving

$200K

+29.0% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$100K

+93.5% YoY

Under IRS private-foundation payout rules, David and Elizabeth Sherman Foundation reported a distributable amount of $130K for 2024 — the minimum it must pay out in qualifying distributions.

About David and Elizabeth Sherman Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $655K (62%)

Rhode Island $400K (38%)

States

New York Rhode Island

Cities

New YorkProvidence

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,595,123	$2,647,261	$2,641,607
Revenue	$160,886	$173,097	$28,725
Expenses	$213,024	$167,443	$358,392
Qualifying Distributions	$200,000	$156,600	$341,600
Net Investment Income	$147,937	$162,254	$39,246
Distributable Amount	$130,116	$129,416	$140,474

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

16 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Breakthrough Ny Inc ($100,000), Brown University ($100,000).

Recipient	Purpose	Amount
BREAKTHROUGH NY INC NEW YORK, NY	GENERAL CHARITABLE PURPOSES	$100,000
BROWN UNIVERSITY PROVIDENCE, RI	GENERAL CHARITABLE PURPOSES	$100,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAVID M SHERMAN	CO-PRESIDENT, TREASURER AND DIRECTOR	2	—
ELIZABETH A SHERMAN	CO-PRESIDENT, SECRETARY AND DIRECTOR	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is David and Elizabeth Sherman Foundation?

David and Elizabeth Sherman Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $2.6M in total assets as of 2024.

How large is David and Elizabeth Sherman Foundation?

As of 2024, David and Elizabeth Sherman Foundation holds $2.6M in total assets with $161K in annual revenue. It awarded 2 grants totaling $200K in 2024.

Where does David and Elizabeth Sherman Foundation operate?

David and Elizabeth Sherman Foundation has awarded grants in New York, Rhode Island.

What size grants does David and Elizabeth Sherman Foundation award?

In 2024, David and Elizabeth Sherman Foundation awarded 2 grants totaling $200K — an average of about $100K per grant, based on its IRS Form 990 filings.

How much is David and Elizabeth Sherman Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, David and Elizabeth Sherman Foundation reported a distributable amount of $130K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.