Sherwood Family Foundation

Private foundation · Grantmaker Naples, FL EIN: 38-3393640

Sherwood Family Foundation is a private foundation, based in Naples, FL. IRS filing data is available from 2019 through 2023. In 2023, it awarded 3 grants totaling $583K. Net investment income was $74K.

Key facts about Sherwood Family Foundation

In short: Sherwood Family Foundation gave $583K across 3 grants in 2023 (avg $194K), mostly in Ohio. Source: 2023 IRS Form 990-PF.

EIN
38-3393640
Latest 990 filing
Form 990-PF, 2023
Annual giving (2023)
$583,248
Grants made (2023)
3
Average grant
$194,416
Median grant
$192,672
Primary geography
Ohio (66% of itemized 2023 grant dollars)

Data from IRS Form 990-PF, 2023; updated September 2026.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$583K

+1473.2% YoY

Grant Count

3

-40.0% YoY

Avg Grant Size

$194K

+2521.9% YoY

Under IRS private-foundation payout rules, Sherwood Family Foundation reported a distributable amount of $9K for 2023 — the minimum it must pay out in qualifying distributions.

How Sherwood Family Foundation gives

  • Giving grew 1834% from 2020 to 2023. Method
  • In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

8states

Share of 2023 grant dollars across all 3 itemized grants.

Cities

NaplesGrand RapidsAllendaleClevelandCincinnatiDenverJenkintownMarshalltownRockvilleWashington

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K13 grants2019 8 grants2020 11 grants2021 5 grants2022 3 grants2023

From 2019 to 2023, annual grant giving ranged from $25K (2021) to $583K (2023). In 2023 it made 3 grants totaling $583K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2023

Fidelity Charitable: $386KFidelity Charitable$386KNational Philanthropic Trust: $193KNational Philanthropic Trust$193KNaples United Church: $5KNaples United Church$5K

The largest 2023 recipient was Fidelity Charitable ($386K). Together the top 3 received $583K.

Grant Size Distribution

40 grants across all recorded years

38<$50K$50–100K1$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 38 grants of 40 (95%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Fidelity Charitable Cincinnati, OHUnrestricted Grant to General Fund$385,576
National Philanthropic Trust Jenkintown, PAUnrestricted Grant to General Fund$192,672
Naples United Church Naples, FLUnrestricted Grant to General Fund$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2019 2020 2021 2022 2023
Metric202320222021
Total Assets—$512,128$530,406
Revenue$73,610$24,057$38,763
Expenses$583,248$37,850$25,245
Qualifying Distributions$583,248$37,463$24,863
Net Investment Income$73,610$23,448$37,676
Distributable Amount$9,295$29,909$31,994

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS December 14, 2023)
  6. IRS filings on file for fiscal years 2019–2023

Leadership & Key People

Officers and directors from IRS filings

Sherwood Family Foundation is led by Mark Sherwood, President & Secretary since 2023 (on filings since 2022); none of the 4 officers listed in 2023 report compensation.

Officers on the 2023 filing

  • Mark Sherwood

    President & Secretary

    Director → President & Secretary, 2023

    On filings since 2022

    0.5 hrs/week

    No compensation reported

  • Ann Sherwood

    Director

    On filings since 2022

    0.5 hrs/week

    No compensation reported

  • David Sherwood

    Director

    On filings since 2022

    0.5 hrs/week

    No compensation reported

  • B. P. Sherwood III

    Treasurer

    Secretary & Treasurer → Treasurer, 2022

    On filings since 2019

    0.5 hrs/week

    No compensation reported

Former officers (1)
  • Former: Marilyn W. Sherwood (2019–2022) — President & Secretary

Data from IRS Form 990 filings, 2019–2023. "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 Sherwood Family Foundation

How much does Sherwood Family Foundation give each year?

Sherwood Family Foundation gave $583K across 3 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $37K across 5 grants.

What is Sherwood Family Foundation's typical grant size?

Sherwood Family Foundation's median grant in 2023 was $192,672, and its average grant was $194,416, across 3 grants on its 2023 IRS Form 990-PF.

Where does Sherwood Family Foundation give grants?

Sherwood Family Foundation gives mostly in Ohio: 66% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (33%).

Does Sherwood Family Foundation give general operating support?

Yes: 100% of Sherwood Family Foundation's 2023 grants with a stated purpose (3 of 3) were for general or operating support, per its 2023 IRS Form 990-PF.

How much is Sherwood Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Sherwood Family Foundation reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Sherwood Family Foundation's EIN?

Sherwood Family Foundation's EIN (Employer Identification Number) is 38-3393640. IRS Form 990 filing data is available on this page for 2019–2023.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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