Scherer Foundation Inc
Scherer Foundation Inc is a private foundation, based in AVON, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $152K in total assets. In 2024, it awarded 2 grants totaling $4K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$152K
-0.3% YoY
Annual Giving
$4K
-56.5% YoY
Grant Count
2
-50.0% YoY
Avg Grant Size
$2K
-13.0% YoY
Under IRS private-foundation payout rules, Scherer Foundation Inc reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About Scherer Foundation Inc
Based on IRS filings
Scherer Foundation Inc is a private foundation, based in AVON, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $152K in total assets. In 2024, it awarded 2 grants totaling $4K. Net investment income was $4K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $152,307 | $152,796 | $146,716 |
| Revenue | $5,270 | $16,977 | $31,938 |
| Expenses | $5,759 | $10,897 | $12,358 |
| Qualifying Distributions | $4,000 | $9,200 | $10,700 |
| Net Investment Income | $3,511 | $1,780 | — |
| Distributable Amount | $7,386 | $3,792 | $3,653 |
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
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Goodspeed Musicals ($2,200), Jewish Federation ($1,800).
| Recipient | Purpose | Amount |
|---|---|---|
| GOODSPEED MUSICALS EAST HADDAM, CT | ANNUAL DRIVE | $2,200 |
| JEWISH FEDERATION WEST HARTFORD, CT | ANNUAL DRIVE | $1,800 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HENRY S SCHERER JR | PRESIDENT | — | — |
Frequently Asked Questions
How large is Scherer Foundation Inc?
As of 2024, Scherer Foundation Inc holds $152K in total assets with $5K in annual revenue. It awarded 2 grants totaling $4K in 2024.
Where does Scherer Foundation Inc operate?
Scherer Foundation Inc has awarded grants in Connecticut, District of Columbia.
What size grants does Scherer Foundation Inc award?
In 2024, Scherer Foundation Inc awarded 2 grants totaling $4K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Scherer Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Scherer Foundation Inc reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Scherer Foundation Inc's EIN?
Scherer Foundation Inc's EIN (Employer Identification Number) is 06-6080258. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Scherer Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.