The Paul and Sherry Broadhead Foundation
The Paul and Sherry Broadhead Foundation is a private grantmaking foundation based in Meridian, Mississippi. Established as a 501(c)(3) organization in October 1996, the foundation continues the philanthropic legacy of Paul E. Broadhead (1928-2007) and Sherry Monroe Broadhead (1934-2022), prominent Meridian philanthropists and property developers. The foundation operates as a private foundation focused on grantmaking and philanthropy.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$25.7M
+0.6% YoY
Annual Giving
$1.3M
+7.4% YoY
Grant Count
31
-6.1% YoY
Avg Grant Size
$44K
+14.3% YoY
Mission & Focus Areas
The foundation's grantmaking priorities reflect the founders' commitment to community development and social welfare. Primary funding areas include:
- Education
- Youth services
- Healthcare
- Human services
- Community development
- Philanthropy and voluntarism
The foundation's work is rooted in the founders' legacy of community engagement. Paul E. Broadhead founded numerous youth organizations including the Meridian Boxing Club and Hilltop House for Boys. Sherry Monroe Broadhead was known for her preference for anonymous giving to community causes.
Grantmaking
The foundation operates on an invitation-only basis and does not accept unsolicited applications for funds. The foundation only makes contributions to preselected charitable organizations.
Grant Range
$5,000 to $200,000
Average Grant
amount: $38,000-$45,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Mississippi, with particular emphasis on Meridian. The foundation also has some funding activity in West Virginia and Tennessee, and maintains limited national reach with support to organizations in states including Arizona, Georgia, and Illinois.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Annual Giving:
- Total assets: $25,725,262 (as of May 2025)
- Total annual giving: $1,348,700 (fiscal year 2025)
- Total revenues: $1,701,413 (fiscal year 2025)
- Total expenses: $1,541,767 (fiscal year 2025)
The foundation maintains substantial assets relative to its annual distribution, reflecting a long-term commitment to sustained grantmaking.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $25,725,262 | $25,565,616 | $25,176,057 |
| Revenue | $1,701,413 | $1,828,318 | $291,024 |
| Expenses | $1,541,767 | $1,438,759 | $1,580,205 |
| Qualifying Distributions | $1,390,412 | $1,299,315 | $1,456,754 |
| Net Investment Income | $1,586,990 | $1,719,910 | $675,772 |
| Distributable Amount | $1,440,006 | $1,349,082 | $1,339,357 |
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 2025
Grant Size Distribution
158 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board and Key Personnel:
- Suzanne Broadhead Garver, President
- Sherry Howell, Vice President/Secretary/Treasurer
- Robert D. Gholson, Director
The foundation operates with limited staffing, relying primarily on board members for governance and decision-making.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHERRY HOWELL | VP/SECRETARY/TREASURER | 8 | $39,437 |
| ROBERT D GHOLSON | DIRECTOR | 2 | $1,500 |
| SUZANNE BROADHEAD GARVER | PRESIDENT | 2 | $1,500 |
Recent News & Activity
Recent developments and announcements
In 2025, the Paul and Sherry Broadhead Foundation was inducted into Meridian Community College's Emerald Circle for lifetime giving exceeding $1 million, recognizing the foundation's sustained support of the institution and its educational mission.
MCC Foundation Donors - Meridian Community CollegeSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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