Sherwood Foundation
Sherwood Foundation is a private foundation based in Round Rock, Texas. Its 2024 filing reports grants for scholarships, while its website describes the Sherwood Scholars program as awarding scholarships to students from select Texas high schools who attend Texas Tech University.
Sherwood Foundation at a glance
In short: Sherwood Foundation gave $184K across 11 grants in 2024 (avg $17K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $184,013
- -34.9% vs 2023
- Grants made (2024)
- 11
- +0.0% vs 2023
- Average grant
- $16,728
- -34.9% vs 2023
- Median grant
- $15,900
- Total assets
- $1,866,260
- +20.2% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Sherwood Foundation
- Accepts unsolicited proposals
- No
- Contact
Mailing address: 106 E Settlers Blvd Bldg D 108, Round Rock, TX 78664
Phone: (512) 485-2507
Website: https://sherwoodscholars.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Sherwood Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Texas Tech University ($179K across 9 grants). Together the top 2 received $181K.
Organizations only. It also paid 1 individual scholarship ($2,900), which are not listed by name.
Grant Size Distribution
100 grants across all recorded years
The most common grant size was under $50K: 99 grants of 100 (99%).
Geographic Focus
Where this funder awards grants
All 2024 grant dollars went to recipients in Texas. The foundation’s website describes its scholarship program as serving students from select Texas high schools who attend Texas Tech University.
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
States
Cities
How Sherwood Foundation gives
- Giving held roughly steady from 2021 to 2024 (−1%). Method
- In 2024 it paid out 438% 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 $145K (2020) to $299K (2022). In 2024 it made 11 grants totaling $184K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Texas Tech University Lubbock, TX | Scholarships for J. Lambert ($8,937), D. McDaniel ($7,500), C. McHam ($11,500), and N. McLaren ($8,778). | $36,715 |
| Texas Tech University Lubbock, TX | Scholarships for E. Garcia ($6,250), C. Gil ($13,500), E. Haagen ($5,100), and J. Haagen ($7,500). | $32,350 |
| Texas Tech University Lubbock, TX | Scholarships for K. Petrie ($7,300), K. Rodriguez ($6,598), E. Romero ($5,400), and A. Saldivar ($7,500). | $26,798 |
| Texas Tech University Lubbock, TX | Scholarships for J. Medina ($4,600), T. Morales ($5,000), O. Nguyen ($5,000), and A. Ortiz ($6,250). | $20,850 |
| Texas Tech University Lubbock, TX | Scholarships for J. Bustamante ($3,850), A. Cadenas ($7,500), and A. Cebreco ($6,250). | $17,600 |
| Texas Tech University Lubbock, TX | Scholarships for M. Cervantes ($2,500), P. Cuellar ($5,900), M. De La Vega ($2,500), and D. Esparza ($5,000). | $15,900 |
| Texas Tech University Lubbock, TX | Scholarships for J. Adams ($500), J. Alaquinez ($6,800), and M. Armstrong ($7,500). | $14,800 |
| Texas Tech University Lubbock, TX | Scholarships for C. Arredondo ($1,300), H. Barajas ($7,500), and B. Briseno ($1,700). | $10,500 |
| Texas Tech University Lubbock, TX | Scholarships for N. Villasenor-Villa ($3,000) and S. Ybarra ($100). | $3,100 |
| 1 individual scholarship Recipients not named | — | $2,900 |
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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 | $1,866,260 | $854,537 | $331,815 | $184,013 | 11 | $327,241 | $346,985 | $74,731 |
| 2023 | $1,552,197 | $36,803 | $392,852 | $282,811 | 11 | $351,459 | $31,599 | $87,661 |
| 2022 | $1,908,246 | $1,521,417 | $388,330 | $299,033 | 29 | $299,033 | $543,448 | $77,938 |
| 2021 | $830,295 | $1,905,763 | $253,400 | $186,471 | 26 | $186,471 | $605,146 | $23,261 |
| 2020 | $199,421 | — | $178,155 | $145,456 | 23 | — | — | — |
Under IRS private-foundation payout rules, Sherwood Foundation reported a distributable amount of $75K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No separate mission statement for the foundation is provided. Its website describes a scholarship program for students from select Texas high schools attending Texas Tech University. The 2024 filing also lists scholarship grants to Texas Tech University, Texas Tech University Health Sciences, and Abilene Christian University.
Abilene Christian University describes its own mission as educating students for Christian service and leadership, and says it equips them for spiritual and intellectual growth. This is the grantee’s stated mission, not the foundation’s.
Grantmaking
In filing year 2024, the foundation reported 11 grants totaling $184,013. Grants ranged from $2,500 to $36,715, with a median of $15,900. The largest listed grants went to Texas Tech University: $36,715, $32,350, and $26,798, each designated for scholarships. Other 2024 recipients included Texas Tech University Health Sciences ($2,900) and Abilene Christian University ($2,500).
The foundation states on its 2024 filing that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Separately, its website provides an application process for its scholarship program: eligible applicants are graduating seniors from select Texas high schools and programs seeking to attend Texas Tech University as incoming freshmen. The 2026 application is closed, and the 2027 application is scheduled to open January 1, 2027.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Steven J Sherwood as president; Brenda Sherwood as secretary; and Tracy Hayes, Jennifer Revering, and Michael Voss as directors.
Sherwood Foundation is led by Steven J Sherwood, President since 2022 (on filings since 2020); none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Steven J Sherwood
President
President & Director → President, 2022
On filings since 2020
2 hrs/week
No compensation reported
Tracy Hayes
Director
On filings since 2020
3 hrs/week
No compensation reported
Jennifer Revering
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Michael Voss
Director
On filings since 2023
3 hrs/week
No compensation reported
Brenda M. Sherwood
Secretary
Secretary & Director → Secretary, 2022
On filings since 2020
0.5 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 Sherwood Foundation
How much does Sherwood Foundation give each year?
Sherwood Foundation gave $184K across 11 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $283K across 11 grants.
What is Sherwood Foundation's typical grant size?
Sherwood Foundation's median grant in 2024 was $15,900, and its average grant was $16,728, across 11 grants on its 2024 IRS Form 990-PF.
Where does Sherwood Foundation give grants?
Sherwood Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lubbock, TX (9 grants).
Does Sherwood Foundation give general operating support?
Not in 2024: none of the 11 grants with a stated purpose on Sherwood Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Sherwood Foundation?
Sherwood Foundation reported $1.9M in total assets on its 2024 IRS Form 990-PF. It paid out $327K in qualifying distributions that year, against a required minimum of $75K (roughly 5% of its investment assets).
What does Sherwood Foundation fund?
No separate mission statement for the foundation is provided. Its website describes a scholarship program for students from select Texas high schools attending Texas Tech University. See mission & focus areas ↑
How do I apply for a grant from Sherwood Foundation?
Sherwood Foundation does not accept unsolicited proposals, according to Grantable's research on its published guidelines. Check sherwoodscholars.org for any change to that policy.
What is Sherwood Foundation's EIN?
Sherwood Foundation's EIN (Employer Identification Number) is 47-5081192. IRS Form 990 filing data is available on this page for 2020–2024.
Does Sherwood Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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 Sherwood Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Sherwood Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Sherwood Foundation funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/sherwood-foundation-morg_21b6d6d2401f47abacf73c0ff730ec39
BibTeX
@misc{grantable_475081192_2026,
author = {{Grantable}},
title = {{Sherwood Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/sherwood-foundation-morg_21b6d6d2401f47abacf73c0ff730ec39},
note = {Accessed 2026-10-18. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Sherwood Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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