Mabel E Sherman Educational Fund
To provide for student loans, scholarships and grants for individuals attending morningside college, buena vista university and cornell college.
Mabel E Sherman Educational Fund at a glance
In short: Mabel E Sherman Educational Fund gave $202K across 3 grants in 2026 (avg $67K), mostly in Iowa. Source: 2026 IRS Form 990.
- Annual giving (2026)
- $202,068
- +44.7% vs 2025
- Grants made (2026)
- 3
- +0.0% vs 2025
- Average grant
- $67,356
- +44.7% vs 2025
- Median grant
- $80,827
- Total assets
- $8,139,620
- +2.3% vs 2025
- Primary geography
- Iowa (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990, 2026 View filing
Data from IRS Form 990, 2026; updated September 2026.
Who Mabel E Sherman Educational Fund funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2026
The largest 2026 recipient was Morningside College ($81K). Together the top 3 received $202K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was in the $50–100K range: 8 grants of 15 (53%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 3 itemized grants.
States
Cities
How Mabel E Sherman Educational Fund gives
- Giving grew 37% from 2023 to 2026. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2026, annual grant giving ranged from $114K (2022) to $202K (2026). In 2026 it made 3 grants totaling $202K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Morningside College Sioux City, IA | Student Loans | $80,827 |
| Buena Vista University Storm Lake, IA | Student Loans | $80,827 |
| Cornell College Mount Vernon, IA | Student Loans | $40,414 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2026 | $8,139,620 | $446,879 | $261,539 | $202,068 | 3 | $446,879 |
| 2025 | $7,954,280 | $364,570 | $192,202 | $139,657 | 3 | $364,570 |
| 2024 | $7,781,912 | $304,178 | $218,570 | $158,377 | 3 | $304,178 |
| 2023 | $7,696,304 | $328,553 | $195,522 | $147,695 | 3 | $328,553 |
| 2022 | $7,563,273 | $338,851 | $160,943 | $113,887 | 3 | $338,851 |
| 2021 | $7,385,365 | $231,676 | $165,232 | $123,872 | 3 | $231,676 |
About Mabel E Sherman Educational Fund
Based on IRS filings
Mabel E Sherman Educational Fund is a public charity focused on Education, based in Storm Lake, IA. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $8.1M in total assets. In 2026, it awarded 3 grants totaling $202K. Net investment income was $447K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Mabel E Sherman Educational Fund's only listed officer is Citizens First National Bank Cfnb, Trustee on every filing since 2022 (uncompensated).
Officers on the 2026 filing
Citizens First National Bank Cfnb
Trustee
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: Citizens First National Bank (2021) — Trustee
Data from IRS Form 990 filings, 2021–2026. "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 Mabel E Sherman Educational Fund
How much does Mabel E Sherman Educational Fund give each year?
Mabel E Sherman Educational Fund gave $202K across 3 grants in 2026, according to its 2026 IRS Form 990. In 2025 it gave $140K across 3 grants.
What is Mabel E Sherman Educational Fund's typical grant size?
Mabel E Sherman Educational Fund's median grant in 2026 was $80,827, and its average grant was $67,356, across 3 grants on its 2026 IRS Form 990.
Where does Mabel E Sherman Educational Fund give grants?
Mabel E Sherman Educational Fund gives mostly in Iowa: 100% of the grant dollars itemized on its 2026 IRS Form 990 went to recipients there.
Does Mabel E Sherman Educational Fund give general operating support?
Not in 2026: none of the 3 grants with a stated purpose on Mabel E Sherman Educational Fund's 2026 IRS Form 990 were described as general or operating support. Recurring purposes include "Student Loans" (3 grants).
How large is Mabel E Sherman Educational Fund?
Mabel E Sherman Educational Fund reported $8.1M in total assets on its 2026 IRS Form 990. Its revenue that year was $447K.
What is Mabel E Sherman Educational Fund?
Mabel E Sherman Educational Fund is a public charity focused on Education, based in Storm Lake, IA. It holds $8.1M in total assets as of 2026.
What is Mabel E Sherman Educational Fund's EIN?
Mabel E Sherman Educational Fund's EIN (Employer Identification Number) is 42-6278859. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 4, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 1, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 9, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 19, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS July 28, 2025)
- Added Form 990 for fiscal year 2026 (received by the IRS July 30, 2026)
Live grants for the work Mabel E Sherman Educational Fund funds
Education Open opportunities, soonest deadline first.
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