Sherman & Kara Wright Foundation
Sherman & Kara Wright Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $49K in total assets. Net investment income was $3K.
Sherman & Kara Wright Foundation at a glance
- Total assets
- $48,949
- +6.9% vs 2024
- Revenue (2025)
- $5,104
- +416.1% vs 2024
- Net investment income (2025)
- $2,855
- +173.2% vs 2024
- Expenses (2025)
- $20,528
- +603.5% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Sherman & Kara Wright Foundation funds
How this funder distributes its grants
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Sherman & Kara Wright Foundation gives
- Giving fell 58% from 2021 to 2024. Method
- In 2024 it paid out 148% of its IRS minimum distribution (the 5% rule). 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 $3K (2024) to $23K (2020). In 2024 it made 2 grants totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City Year Chicago Ripples of Hope Boston, MA | Advancing educational equity and empowering under-resourced communities | $1,750 |
| Columbia College Columbia, SC | Education support to Victoria and John Dozier Annual Scholarship Fund | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $48,949 | $5,104 | $20,528 | — | — | — | $2,855 | $2,045 |
| 2024 | $45,773 | $989 | $2,918 | $2,750 | 2 | $2,750 | $1,045 | $1,859 |
| 2023 | $45,860 | $776 | $172 | — | — | — | $511 | $1,689 |
| 2022 | $45,256 | $16,894 | $21,458 | $10,065 | 4 | $10,065 | $1,810 | $1,979 |
| 2021 | $50,114 | $3,959 | $6,969 | $6,500 | 3 | $6,500 | $3,139 | $2,583 |
| 2020 | $53,124 | $17,842 | $39,443 | $22,562 | 8 | — | $620 | $2,587 |
Under IRS private-foundation payout rules, Sherman & Kara Wright Foundation reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Sherman & Kara Wright Foundation is led by Sherman L Wright, Secretary, Director & President on every filing since 2020; 2 of 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Sherman L Wright
Secretary, Director & President
On filings since 2020
1 hr/week
$10K (2025)
Kara D Wright
Vice President, Treasurer & Director
On filings since 2020
0.5 hrs/week
$10K (2025)
Asha Wright
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $10K, to Kara D Wright (Vice President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Sherman & Kara Wright Foundation
How large is Sherman & Kara Wright Foundation?
Sherman & Kara Wright Foundation reported $49K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $5K.
Where does Sherman & Kara Wright Foundation operate?
Sherman & Kara Wright Foundation has awarded grants in Florida, Georgia, Illinois, Massachusetts, Michigan, South Carolina, Texas.
How much is Sherman & Kara Wright Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Sherman & Kara Wright Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sherman & Kara Wright Foundation's EIN?
Sherman & Kara Wright Foundation's EIN (Employer Identification Number) is 47-2667606. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS December 17, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Sherman & Kara Wright Foundation's focus areas in our free grants database
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