Mabel E Sherman Educational Fund

Public charity · Grantmaker Storm Lake, IA EIN: 42-6278859

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

Morningside College: $81KMorningside College$81KBuena Vista University: $81KBuena Vista University$81KCornell College: $40KCornell College$40K

The largest 2026 recipient was Morningside College ($81K). Together the top 3 received $202K.

Grant Size Distribution

15 grants across all recorded years

7<$50K8$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

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

1state

Share of 2026 grant dollars across all 3 itemized grants.

States

Cities

Mount VernonSioux CityStorm Lake

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

$0$100K$200K$300K3 grants2021 3 grants2022 3 grants2023 3 grants2024 3 grants2025 3 grants2026

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

RecipientPurposeAmount
Morningside College Sioux City, IAStudent Loans$80,827
Buena Vista University Storm Lake, IAStudent Loans$80,827
Cornell College Mount Vernon, IAStudent Loans$40,414
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2026$8,139,620$446,879$261,539$202,0683$446,879
2025$7,954,280$364,570$192,202$139,6573$364,570
2024$7,781,912$304,178$218,570$158,3773$304,178
2023$7,696,304$328,553$195,522$147,6953$328,553
2022$7,563,273$338,851$160,943$113,8873$338,851
2021$7,385,365$231,676$165,232$123,8723$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

  1. Updated Form 990 for fiscal year 2021 (received by the IRS November 4, 2021)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS August 1, 2022)
  3. Updated Form 990 for fiscal year 2023 (received by the IRS November 9, 2023)
  4. Updated Form 990 for fiscal year 2024 (received by the IRS August 19, 2024)
  5. Updated Form 990 for fiscal year 2025 (received by the IRS July 28, 2025)
  6. Added Form 990 for fiscal year 2026 (received by the IRS July 30, 2026)

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Mabel E Sherman Educational Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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