Sherman N and Rita F Siegel Foundation

PALM BEACH GARDENS, FL EIN: 85-3392306

Sherman N and Rita F Siegel Foundation is a private foundation, based in PALM BEACH GARDENS, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.4M in total assets. In 2024, it awarded 12 grants totaling $271K. Net investment income was $285K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.4M

-1.4% YoY

Annual Giving

$271K

+5911.1% YoY

Grant Count

+500.0% YoY

Avg Grant Size

$23K

+901.9% YoY

Under IRS private-foundation payout rules, Sherman N and Rita F Siegel Foundation reported a distributable amount of $344K for 2024 — the minimum it must pay out in qualifying distributions.

About Sherman N and Rita F Siegel Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $364K (60%)

Indiana $205K (34%)

Wisconsin $25K (4%)

Colorado $6K (1%)

California $5K (1%)

North Carolina $3K (0%)

States

California Colorado Florida Indiana North Carolina Wisconsin

Cities

DenverJupiterLa JollaLake WorthMilwaukeeNorth Palm BeachNotre DamePalm BeachPalm Beach GardensSapphireTequestaWest Palm BeachWest Plam Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$6,395,420	$6,486,958	$6,564,848
Revenue	$320,200	$136,918	$5,925,347
Expenses	$411,738	$214,808	$374,097
Qualifying Distributions	$289,806	$4,500	$332,500
Net Investment Income	$284,893	$87,653	$310,495
Distributable Amount	$344,007	$320,211	$224,722

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

21 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Jupiter Medical Center Foundation ($165,000), Mounts Botanical Gardens ($25,000), Friends of Manatee Lagoon ($25,000).

Recipient	Purpose	Amount
JUPITER MEDICAL CENTER FOUNDATION JUPITER, FL	MEDICAL CENTER	$165,000
PII FOUNDATION DENVER, CO	THE PII FOUNDATION IS A US-BASED NON-PROFIT ORGANISATION ESTABLISHED TO FUND AND RESOURCE HUMANITARIAN INITIATIVES DELIVERING VIRTUAL CARE FOR THE MOST VULNERABLE ANYWHERE, ANYTIME.	$4,000
CANCER ALLIANCE OF HEALTH & HOPE PALM BEACH, FL	TO ENSURE A FUTURE FREE OF BURDENS FOR CANCER PATIENTS	$11,000
HANLEY FOUNDATION WEST PALM BEACH, FL	TO ELIMINATE ADDICTION THROUGH PREVENTION, ADVOCACY, TREATMENT, AND RECOVERY SUPPORT.	$10,000
BALLEN ISLES CHARITY FOUNDATION PALM BEACH GARDENS, FL	SUPPORT FOR LOCAL FOOD PANTRIES, COMMUNITY AND VETERANS SUPPORT GROUPS.	$2,000
CAMP MERRIE WOODE SAPPHIRE, NC	SUPPORT CAMPERSHIPS, OUTSTANDING PROGRAMMING, AND MAINTAIN HISTORIC BUILDINGS AND GROUNDS.	$3,000
SCRIPPS RESEARCH LA JOLLA, CA	SUPPORT GROUNDBREAKING RESEARCHTO CHANGE GLOBAL HEALTH.	$5,000
ROSARIAN ACADEMY WEST PALM BEACH, FL	SUPPORT PROFESSIONAL DEVELOPMENT AND FINANCIAL AID TO STUDENTS IN NEED.	$10,000
MOUNTS BOTANICAL GARDENS WEST PALM BEACH, FL	TO INSPIRE AND EDUCATION THROUGH NATURE.	$25,000
FRIENDS OF MANATEE LAGOON WEST PALM BEACH, FL	TO EXPAND ENVIRONMENTAL EDUCATION OPPORTUNITIES IN PALM BEACH COUNTY.	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RANDELL C DOANE	PRESIDENT	2	—
REBECCA G DOANE	VICE PRESIDENT	2	—
H BRYAN DOANE	SECY	4	—

Frequently Asked Questions

How large is Sherman N and Rita F Siegel Foundation?

As of 2024, Sherman N and Rita F Siegel Foundation holds $6.4M in total assets with $320K in annual revenue. It awarded 12 grants totaling $271K in 2024.

Where does Sherman N and Rita F Siegel Foundation operate?

Sherman N and Rita F Siegel Foundation has awarded grants in California, Colorado, Florida, Indiana, North Carolina, Wisconsin.

What size grants does Sherman N and Rita F Siegel Foundation award?

In 2024, Sherman N and Rita F Siegel Foundation awarded 12 grants totaling $271K — an average of about $23K per grant, based on its IRS Form 990 filings.

How much is Sherman N and Rita F Siegel Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Sherman N and Rita F Siegel Foundation reported a distributable amount of $344K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Sherman N and Rita F Siegel Foundation's EIN?

Sherman N and Rita F Siegel Foundation's EIN (Employer Identification Number) is 85-3392306. IRS Form 990 filing data is available on this page for 2020–2024.