Herbert Bearman Foundation
The Herbert Bearman Foundation is a private family foundation established in 1998 and based in Brooklandville, Maryland. The foundation was created by Herbert Bearman, a Baltimore native and successful investor, to provide a resource for continued charitable giving following his death in 2002.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$33.6M
+4.3% YoY
Annual Giving
$1.9M
-0.3% YoY
Grant Count
70
-15.7% YoY
Avg Grant Size
$26K
+18.2% YoY
Mission & Focus Areas
The Herbert Bearman Foundation funds projects that can make a difference to the well-being of individuals, either by enriching the lives of people in disadvantaged circumstances or benefiting the general community.
Primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation made 41 grants totaling $1,851,875 in 2024. Recent grantees include:
Grant Range
approximately $94–$18,500
Average Grant
approximately $94–$18,500
Ready to take the next step with Herbert Bearman Foundation?
Geographic Focus
Where this funder awards grants
The Herbert Bearman Foundation primarily supports nonprofit organizations in:
- Baltimore, Maryland
- Palm Beach County, Florida
- Israel
Other geographic areas may be considered under exceptional circumstances. The foundation also supports organizations in major U.S. cities including New York, Los Angeles, and other locations across multiple states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $33,558,416
- Total Giving: $1,851,875
- Total Revenues: $3,046,327
- Total Expenses: $2,455,785
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $33,558,416 | $32,169,305 | $33,735,485 |
| Revenue | $3,046,327 | $896,810 | $614,358 |
| Expenses | $2,455,785 | $2,486,774 | $2,319,247 |
| Qualifying Distributions | $2,128,917 | $2,177,798 | $1,993,609 |
| Net Investment Income | $2,643,030 | $931,305 | $863,864 |
| Distributable Amount | $2,217,438 | $2,071,981 | $2,058,431 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from Herbert Bearman Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Sheldon Bearman, MD — President & Treasurer Dr. Bearman is trained in radiology at Johns Hopkins University and a Fellow of the American College of Radiology. He has served as President of the Medical Staff of Franklin Square Hospital in Baltimore County and Chairman of the Department of Radiology of Northwest Hospital Center. He serves on the boards of the Jewish Museum of Maryland and Hands Across the Americas.
Arlene Bearman — Vice President & Secretary
Mark Bearman — Chief Operating Officer Compensation: $157,412 (2024) Contact: 410-215-8027 | mbearman@comcast.net
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHELDON BEARMAN | President | 20 | — |
| ARLENE BEARMAN | Vice Pres. | 15 | — |
| MARK BEARMAN | COO | 40 | $161,504 |
Recent News & Activity
Recent developments and announcements
The foundation has provided grants to support various community initiatives, including:
The Herbert Bearman Foundation Supports MSH Baltimore City Housing InitiativeFitness program upgrades at Kennedy Krieger Institute ($14,641)
Herbert Bearman Foundation Provides $14,641 for Fitness Program UpgradesMain Street Housing's Baltimore City Housing Initiative
The Herbert Bearman Foundation Supports MSH Baltimore City Housing InitiativeSupport for organizations focused on health, education, and community development
Contact Information
The Herbert Bearman Foundation, Inc. P.O. Box 1428 Brooklandville, MD 21022
Phone: 410-215-8027 Email: mbearman@comcast.net Website: www.herbertbearmanfoundation.org
EIN: 31-1602562
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Rotary Club of Columbia Patuxent
COLUMBIA, MD
Assets
$376K
Grants
1
Total Given
$12K
American Federation for Children Growth
COLUMBIA, MD
Assets
$9.4M
Grants
11
Total Given
$2.4M
Mayfield Scholastic Ltd
BALTIMORE, MD
Assets
—
Grants
1
Total Given
$38K
Baltimore Curriculum Project Inc
BALTIMORE, MD
Assets
$17.3M
Grants
6
Total Given
$2.7M
Government Employees' Benefit
HANOVER, MD
Assets
$3K
Grants
43
Total Given
$108K
Charles F and Margaret Mh Obrecht
BALTIMORE, MD
Assets
$1.2M
Grants
79
Total Given
$131K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Herbert Bearman Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities