Ira and Maryjo Sherman Family
Ira and Maryjo Sherman Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH GARDENS, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $644K in total assets. In 2024, it awarded 27 grants totaling $160K. Net investment income was $111K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$644K
-3.9% YoY
Annual Giving
$160K
+31.5% YoY
Grant Count
27
+22.7% YoY
Avg Grant Size
$6K
+7.2% YoY
Under IRS private-foundation payout rules, Ira and Maryjo Sherman Family reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.
About Ira and Maryjo Sherman Family
Based on IRS filings
Ira and Maryjo Sherman Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH GARDENS, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $644K in total assets. In 2024, it awarded 27 grants totaling $160K. Net investment income was $111K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $644,413 | $670,889 | $780,731 |
| Revenue | $157,250 | $9,906 | $54,866 |
| Expenses | $166,115 | $126,173 | $120,612 |
| Qualifying Distributions | $161,495 | $123,566 | $117,056 |
| Net Investment Income | $111,254 | $9,628 | $51,409 |
| Distributable Amount | $40,322 | $40,108 | $45,731 |
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
143 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Friends of Israel Defense Forces ($45,000), Congregation Har Shalom ($34,921), Hillel ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACTIVE MINDS WASHINGTON, DC | GENERAL | $2,600 |
| AMERICAN CANCER SOCIETY OKLAHOMA CITY, OK | GENERAL | $200 |
| AMERICAN HEART ASSOCIATION DALLAS, TX | GENERAL | $50 |
| BALLENISLES CHARITY FOUNDATION PALM BEACH GARDENS, FL | GENERAL | $10,200 |
| BALTIMORE MUSEUM OF ART BALTIMORE, MD | GENERAL | $6,000 |
| BNAI ISRAEL CONGREGATION ROCKVILLE, MD | GENERAL | $100 |
| BRAIN INJURY ASSOCIATION OF AMERICA FAIRFAX, VA | GENERAL | $5,600 |
| BREAST CANCER RESEARCH FOUNDATION NEW YORK, NY | GENERAL | $1,000 |
| COMMUNITY FOUNDATION GREATER BUFFALO - DENA GOLDSTEIN MEMORIAL BUFFALO, NY | GENERAL | $100 |
| CONGREGATION HAR SHALOM POTOMAC, MD | GENERAL | $34,921 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| IRA SHERMAN | EXECUTIVE DIRECTOR | 30 | $2,000 |
| MARYJO SHERMAN | DIRECTOR | 30 | $1,000 |
| BRADLEY SHERMAN | DIRECTOR | 10 | — |
| DANIEL SHERMAN | DIRECTOR | 10 | — |
| ABIGAIL SHERMAN | DIRECTOR | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ira and Maryjo Sherman Family?
Ira and Maryjo Sherman Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH GARDENS, FL. It holds $644K in total assets as of 2024.
How large is Ira and Maryjo Sherman Family?
As of 2024, Ira and Maryjo Sherman Family holds $644K in total assets with $157K in annual revenue. It awarded 27 grants totaling $160K in 2024.
Where does Ira and Maryjo Sherman Family operate?
Ira and Maryjo Sherman Family has awarded grants in California, District of Columbia, Florida, Georgia, Illinois, Maryland, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Virginia, Vermont, Wisconsin.
What size grants does Ira and Maryjo Sherman Family award?
In 2024, Ira and Maryjo Sherman Family awarded 27 grants totaling $160K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Ira and Maryjo Sherman Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ira and Maryjo Sherman Family reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ira and Maryjo Sherman Family's EIN?
Ira and Maryjo Sherman Family's EIN (Employer Identification Number) is 47-5574962. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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