The R E S T Sherman Charitable Trus
The R E S T Sherman Charitable Trus is a private foundation focused on Health, based in Holmdel, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 8 grants totaling $57K. Net investment income was $69K.
The R E S T Sherman Charitable Trus at a glance
In short: The R E S T Sherman Charitable Trus gave $57K across 8 grants in 2025 (avg $7K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $57,269
- +3.0% vs 2024
- Grants made (2025)
- 8
- -11.1% vs 2024
- Average grant
- $7,159
- +15.9% vs 2024
- Median grant
- $200
- Total assets
- $1,247,071
- +0.1% vs 2024
- Primary geography
- New York (90% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The R E S T Sherman Charitable Trus funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Colgate University ($33K). Together the top 8 received $57K.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 43 grants of 43 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How The R E S T Sherman Charitable Trus gives
- Giving grew 20% from 2022 to 2025. Method
- In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $44K (2023) to $57K (2025). In 2025 it made 8 grants totaling $57K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Colgate University Hamilton, NY | Charity | $33,000 |
| Memorial Sloan Kettering New York, NY | Charity | $18,219 |
| Temple Emanuel of North J Franklin Lakes, NJ | Charity | $5,150 |
| American Cancer Society Atlanta, GA | Charity | $200 |
| Wounded Warriors Topeka, KS | Charity | $200 |
| VFW Kansas City, MO | Charity | $200 |
| Holocust Museum New York, NY | Charity | $200 |
| Alzheimer's Assoc New York, NY | Charity | $100 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,247,071 | $73,148 | $61,259 | $57,269 | 8 | $61,084 | $69,167 | $66,070 |
| 2024 | $1,245,806 | $62,630 | $60,911 | $55,600 | 9 | $59,227 | $58,694 | $63,539 |
| 2023 | $1,244,087 | $282,549 | $47,960 | $44,200 | 9 | $47,785 | $53,672 | $56,054 |
| 2022 | $1,011,134 | $244,570 | $51,297 | $47,550 | 9 | $51,122 | $40,964 | $48,521 |
| 2021 | $819,672 | $45,057 | $48,955 | $44,465 | 8 | $47,780 | $41,447 | $50,184 |
| 2020 | $824,867 | $47,145 | $49,668 | $45,128 | 9 | — | $43,365 | $47,800 |
| 2019 | $827,390 | $46,802 | $48,461 | $45,241 | 4 | — | $42,608 | $49,343 |
Under IRS private-foundation payout rules, The R E S T Sherman Charitable Trus reported a distributable amount of $66K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The R E S T Sherman Charitable Trus is led by Terry Sherman, Trustee on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Terry Sherman
Trustee
On filings since 2019
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 The R E S T Sherman Charitable Trus
How much does The R E S T Sherman Charitable Trus give each year?
The R E S T Sherman Charitable Trus gave $57K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $56K across 9 grants.
What is The R E S T Sherman Charitable Trus's typical grant size?
The R E S T Sherman Charitable Trus's median grant in 2025 was $200, and its average grant was $7,159, across 8 grants on its 2025 IRS Form 990-PF.
Where does The R E S T Sherman Charitable Trus give grants?
The R E S T Sherman Charitable Trus gives mostly in New York: 90% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (9%). The most frequent recipient cities were New York, NY (3 grants).
Does The R E S T Sherman Charitable Trus give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on The R E S T Sherman Charitable Trus's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity" (8 grants).
Who are The R E S T Sherman Charitable Trus's largest grantees?
The R E S T Sherman Charitable Trus's largest 2025 grantees include Colgate University ($33,000), Memorial Sloan Kettering ($18,219) and Temple Emanuel of North J ($5,150), according to its 2025 IRS Form 990-PF. Together they received 98% of its itemized 2025 grant dollars.
How large is The R E S T Sherman Charitable Trus?
The R E S T Sherman Charitable Trus reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $61K in qualifying distributions that year, against a required minimum of $66K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The R E S T Sherman Charitable Trus?
The R E S T Sherman Charitable Trus is a private foundation focused on Health, based in Holmdel, NJ. It holds $1.2M in total assets as of 2025.
What is The R E S T Sherman Charitable Trus's EIN?
The R E S T Sherman Charitable Trus's EIN (Employer Identification Number) is 22-3035886. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The R E S T Sherman Charitable Trus's focus areas in our free grants database
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