Shearer-Owen Music Foundation
Shearer-Owen Music Foundation is a private foundation, based in Sherman Oaks, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 3 grants totaling $110K. Net investment income was $1.1M.
Shearer-Owen Music Foundation at a glance
In short: Shearer-Owen Music Foundation gave $110K across 3 grants in 2024 (avg $37K), mostly in Louisiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $110,000
- +10.0% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $36,667
- -26.7% vs 2023
- Median grant
- $40,000
- Total assets
- $5,010,257
- +80.5% vs 2023
- Primary geography
- Louisiana (55% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Shearer-Owen Music Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Innocence Project New Orleans ($60K). Together the top 3 received $110K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 9 grants of 14 (64%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Shearer-Owen Music Foundation gives
- Giving held roughly steady from 2021 to 2024 (+10%). Method
- In 2024 it paid out 86% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $35K (2020) to $110K (2024). In 2024 it made 3 grants totaling $110K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Innocence Project New Orleans New Orleans, LA | General Support | $60,000 |
| Los Angeles Unified School District Coldwater Canyon Elementary School North Hollywood, CA | Funding of Two Music Teachers | $40,000 |
| Maestra Music Inc New York, NY | General Support | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,010,257 | $2,377,820 | $142,217 | $110,000 | 3 | $119,217 | $1,084,120 | $139,343 |
| 2023 | $2,776,318 | $1,148,210 | $114,546 | $100,000 | 2 | $108,546 | $904,217 | $83,794 |
| 2022 | $1,740,970 | $20,741 | $108,864 | $90,000 | 4 | $106,864 | $14,092 | $88,872 |
| 2021 | $1,829,093 | $181 | $122,092 | $100,000 | 3 | $122,156 | — | $92,759 |
| 2020 | $1,951,004 | $50,945 | $95,007 | $35,000 | 2 | — | $961,437 | $83,849 |
Under IRS private-foundation payout rules, Shearer-Owen Music Foundation reported a distributable amount of $139K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Shearer-Owen Music Foundation is led by John Power, Director, President & Treasurer on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
John Power
Director, President & Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Anna Derparseghian
Director & Secretary
On filings since 2020
0.1 hrs/week
No compensation reported
Harry Shearer
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Judith Owen
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Shearer-Owen Music Foundation
How much does Shearer-Owen Music Foundation give each year?
Shearer-Owen Music Foundation gave $110K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $100K across 2 grants.
What is Shearer-Owen Music Foundation's typical grant size?
Shearer-Owen Music Foundation's median grant in 2024 was $40,000, and its average grant was $36,667, across 3 grants on its 2024 IRS Form 990-PF.
Where does Shearer-Owen Music Foundation give grants?
Shearer-Owen Music Foundation gives mostly in Louisiana: 55% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were California (36%) and New York (9%).
Does Shearer-Owen Music Foundation give general operating support?
Yes: 67% of Shearer-Owen Music Foundation's 2024 grants with a stated purpose (2 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Shearer-Owen Music Foundation?
Shearer-Owen Music Foundation reported $5.0M in total assets on its 2024 IRS Form 990-PF. It paid out $119K in qualifying distributions that year, against a required minimum of $139K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Shearer-Owen Music Foundation's EIN?
Shearer-Owen Music Foundation's EIN (Employer Identification Number) is 84-4074007. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Shearer-Owen Music Foundation funds
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