Sherwood Foundation

Foundation · Grantmaker Round Rock, TX EIN: 47-5081192

Sherwood Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Round Rock, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 11 grants totaling $184K. Net investment income was $347K.

Key facts about Sherwood Foundation

In short: Sherwood Foundation gave $184K across 11 grants in 2024 (avg $17K), mostly in Texas. Source: 2024 IRS Form 990-PF.

EIN
47-5081192
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$184,013
Grants made (2024)
11
Average grant
$16,728
Median grant
$15,900
Total assets
$1,866,260
Primary geography
Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.9M

+20.2% YoY

Annual Giving

$184K

-34.9% YoY

Grant Count

11

+0.0% YoY

Avg Grant Size

$17K

-34.9% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 11 itemized 2024 grant dollars.

States

Cities

LubbockSan AntonioFort WorthSaladoBenbrookGeorgetownAbileneDallasHaltom CityLiberty HillSan AntoniaAustinDentonHoustonIrvingLewisvilleSan Saba

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K23 grants202026 grants202129 grants202211 grants202311 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Texas Tech University: $179K across 9 grantsTexas Tech University$179K · 9 grantsTexas Tech University Health Scienc: $3KTexas Tech University HealthScienc$3KAbilene Christian University: $3KAbilene Christian University$3K

Grant Size Distribution

100 grants across all recorded years

99<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Texas Tech University Lubbock, TXScholarships for J. Lambert ($8,937), D. McDaniel ($7,500), C. McHam ($11,500), and N. McLaren ($8,778).$36,715
Texas Tech University Lubbock, TXScholarships for E. Garcia ($6,250), C. Gil ($13,500), E. Haagen ($5,100), and J. Haagen ($7,500).$32,350
Texas Tech University Lubbock, TXScholarships for K. Petrie ($7,300), K. Rodriguez ($6,598), E. Romero ($5,400), and A. Saldivar ($7,500).$26,798
Texas Tech University Lubbock, TXScholarships for J. Medina ($4,600), T. Morales ($5,000), O. Nguyen ($5,000), and A. Ortiz ($6,250).$20,850
Texas Tech University Lubbock, TXScholarships for J. Bustamante ($3,850), A. Cadenas ($7,500), and A. Cebreco ($6,250).$17,600
Texas Tech University Lubbock, TXScholarships 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, TXScholarships for J. Adams ($500), J. Alaquinez ($6,800), and M. Armstrong ($7,500).$14,800
Texas Tech University Lubbock, TXScholarships for C. Arredondo ($1,300), H. Barajas ($7,500), and B. Briseno ($1,700).$10,500
Texas Tech University Lubbock, TXScholarships for N. Villasenor-Villa ($3,000) and S. Ybarra ($100).$3,100
Texas Tech University Health Scienc Lubbock, TXScholarships for S. Garcia ($400) and R. Gonzales ($2,500).$2,900

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M20202021202220232024
Metric202420232022
Total Assets$1,866,260$1,552,197$1,908,246
Revenue$854,537$36,803$1,521,417
Expenses$331,815$392,852$388,330
Qualifying Distributions$327,241$351,459$299,033
Net Investment Income$346,985$31,599$543,448
Distributable Amount$74,731$87,661$77,938

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

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 (10 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.

Who are Sherwood Foundation's largest grantees?

Sherwood Foundation's largest 2024 grantees include Texas Tech University ($178,613 across 9 grants), Texas Tech University Health Scienc ($2,900) and Abilene Christian University ($2,500), according to its 2024 IRS Form 990-PF.

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 is Sherwood Foundation?

Sherwood Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Round Rock, TX. It holds $1.9M in total assets as of 2024.

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.

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

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