Sherman Rotary Club Charitable and
Sherman Rotary Club Charitable and is a private foundation focused on Education, based in Sherman, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $375K in total assets. In 2024, it awarded 9 grants totaling $32K. Net investment income was $16K.
Sherman Rotary Club Charitable and at a glance
In short: Sherman Rotary Club Charitable and gave $32K across 9 grants in 2024 (avg $4K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $31,500
- +16.7% vs 2023
- Grants made (2024)
- 9
- -25.0% vs 2023
- Average grant
- $3,500
- +55.6% vs 2023
- Median grant
- $1,000
- Total assets
- $374,948
- -2.2% vs 2023
- Primary geography
- Texas (97% 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 Sherman Rotary Club Charitable and funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Park Pride (Sherman Parks and Recreation) ($17K). Together the top 9 received $32K.
Grant Size Distribution
54 grants across all recorded years
The most common grant size was under $50K: 54 grants of 54 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How Sherman Rotary Club Charitable and gives
- Giving held roughly steady from 2021 to 2024 (+19%). Method
- In 2024 it paid out 128% 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 $24K (2020) to $32K (2024). In 2024 it made 9 grants totaling $32K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Park Pride (Sherman Parks and Recreation) Sherman, TX | To promote the quality of life in Sherman, Grayson county, tx | $17,000 |
| Austin College Sherman, TX | To promote the education of sherman youth and to enhance the quality of life in Sherman, Grayson county, tx | $5,500 |
| Friends of Sherman Public Library Sherman, TX | To promote the education of sherman youth and to enhance the quality of life in Sherman, Grayson county, tx | $2,000 |
| Texas A&M University College Station, TX | To promote the education of sherman youth and to enhance the quality of life in Sherman, Grayson county, tx | $2,000 |
| Baylor University Waco, TX | To promote the education of sherman youth and to enhance the quality of life in Sherman, Grayson county, tx | $1,000 |
| Grayson College Fdn Denison, TX | To promote the education of sherman youth and to enhance the quality of life in Sherman, Grayson county, tx | $1,000 |
| University of North Texas Denton, TX | To promote the education of sherman youth and to enhance the quality of life in Sherman, Grayson county, tx | $1,000 |
| University of Southern California Los Angeles, CA | To promote the education of sherman youth and to enhance the quality of life in Sherman, Grayson county, tx | $1,000 |
| The University of Texas at Tyler Tyler, TX | To promote the education of sherman youth and to enhance the quality of life in Sherman, Grayson county, tx | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $374,948 | $29,466 | $39,019 | $31,500 | 9 | $31,500 | $15,597 | $24,544 |
| 2023 | $383,408 | $-1,751 | $35,408 | $27,000 | 12 | $27,000 | $3,142 | $24,592 |
| 2022 | $420,567 | $44,689 | $35,831 | $27,000 | 12 | $27,000 | $37,017 | $26,311 |
| 2021 | $411,709 | $50,761 | $34,813 | $26,500 | 10 | — | $42,460 | $26,670 |
| 2020 | $395,761 | $29,463 | $31,009 | $24,000 | 11 | — | $22,815 | $24,793 |
Under IRS private-foundation payout rules, Sherman Rotary Club Charitable and reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Sherman Rotary Club Charitable and is led by Jerry Holbert, Foundation Chair since 2024 (on filings since 2020); none of the 9 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jerry Holbert
Foundation Chair
Trustee → Vice Chair, 2022
Vice Chair → Foundation Chair, 2024
On filings since 2020
No compensation reported
John Spears
Trustee
On filings since 2020
No compensation reported
Paul Terrell
Trustee
Trustee → Foundation Chair, 2023
Foundation Chair → Trustee, 2024
On filings since 2021
No compensation reported
Teresa Johnson
Trustee
On filings since 2021
No compensation reported
Kenny Walker
Trustee
New on the 2024 filing
No compensation reported
Shirley Chitwood
Trustee
New on the 2024 filing
No compensation reported
Wendy Brown
Trustee
New on the 2024 filing
No compensation reported
Deborah Boring
Vice Chair
Trustee → Treasurer, 2023
Treasurer → Vice Chair, 2024
On filings since 2021
No compensation reported
Greg Pittman
Secretary & Treasurer
Foundation Chair → Trustee, 2023
Trustee → Secretary & Treasurer, 2024
On filings since 2021
No compensation reported
Former officers (12)
- Former: Wally Johnson (2020–2023) — Secretary
- Former: Rachel Sherman (2023) — Trustee
- Former: Tom Gregg (2023) — Trustee
- Former: Andi Lane (2022) — Trustee
- Former: Kenneth Walker (2022) — Secretary & Treasurer
- Former: Sharon Rolirad (2022) — Trustee
- Former: Andrea Lane (2020–2021) — Secretary & Treasurer
- Former: Bob Wood (2020–2021) — Trustee
- Former: Mack Broiles (2020–2021) — Trustee
- Former: Bob Softly (2020) — Trustee
- Former: Eric Ross (2020) — Foundation Chair
- Former: Susan Lafollett (2020) — Past Vice Chair
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 Sherman Rotary Club Charitable and
How much does Sherman Rotary Club Charitable and give each year?
Sherman Rotary Club Charitable and gave $32K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $27K across 12 grants.
What is Sherman Rotary Club Charitable and's typical grant size?
Sherman Rotary Club Charitable and's median grant in 2024 was $1,000, and its average grant was $3,500, across 9 grants on its 2024 IRS Form 990-PF.
Where does Sherman Rotary Club Charitable and give grants?
Sherman Rotary Club Charitable and gives mostly in Texas: 97% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Sherman, TX (3 grants).
Does Sherman Rotary Club Charitable and give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on Sherman Rotary Club Charitable and's 2024 IRS Form 990-PF were described as general or operating support.
Who are Sherman Rotary Club Charitable and's largest grantees?
Sherman Rotary Club Charitable and's largest 2024 grantees include Park Pride (Sherman Parks and Recreation) ($17,000), Austin College ($5,500) and Friends of Sherman Public Library ($2,000), according to its 2024 IRS Form 990-PF. Together they received 78% of its itemized 2024 grant dollars.
How large is Sherman Rotary Club Charitable and?
Sherman Rotary Club Charitable and reported $375K in total assets on its 2024 IRS Form 990-PF. It paid out $32K in qualifying distributions that year, against a required minimum of $25K (roughly 5% of its investment assets).
What is Sherman Rotary Club Charitable and?
Sherman Rotary Club Charitable and is a private foundation focused on Education, based in Sherman, TX. It holds $375K in total assets as of 2024.
What is Sherman Rotary Club Charitable and's EIN?
Sherman Rotary Club Charitable and's EIN (Employer Identification Number) is 75-1250453. 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
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