The Sherman Family Charitable Trust
The Sherman Family Charitable Trust is a private foundation, based in MT PLEASANT, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 18 grants totaling $65K. Net investment income was $85K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-0.4% YoY
Annual Giving
$65K
-7.1% YoY
Grant Count
18
-10.0% YoY
Avg Grant Size
$4K
+3.2% YoY
Under IRS private-foundation payout rules, The Sherman Family Charitable Trust reported a distributable amount of $62K for 2024 — the minimum it must pay out in qualifying distributions.
About The Sherman Family Charitable Trust
Based on IRS filings
The Sherman Family Charitable Trust is a private foundation, based in MT PLEASANT, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 18 grants totaling $65K. Net investment income was $85K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,209,996 | $1,215,039 | $1,329,615 |
| Revenue | $110,306 | $43,109 | $121,958 |
| Expenses | $114,879 | $156,007 | $114,583 |
| Qualifying Distributions | $77,458 | $102,667 | $80,000 |
| Net Investment Income | $85,241 | $2,859 | $91,556 |
| Distributable Amount | $62,037 | $61,543 | $66,854 |
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 2024
Grant Size Distribution
83 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cjf Israel Emergency Fund ($7,500), Lowcountry Food Bank ($7,500), Synagogue Emanu-el ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ADDLESTONE HEBREW ACADEMY CHARLESTON, SC | UNRESTRICTED PROGRAM SUPPORT | $1,500 |
| CHABAD OF CHARLESTON MOUNT PLEASANT, SC | UNRESTRICTED PROGRAM SUPPORT | $1,000 |
| CJF ISRAEL EMERGENCY FUND CHARLESTON, SC | UNRESTRICTED PROGRAM SUPPORT | $7,500 |
| CJF KFP CHARLESTON, SC | UNRESTRICTED PROGRAM SUPPORT | $2,500 |
| COLLEGE OF CHARLESTON ATHLETIC FUND CHARLESTON, SC | UNRESTRICTED PROGRAM SUPPORT | $2,500 |
| GEORGETOWN COUNTY MUSEUM GEORGETOWN, SC | UNRESTRICTED PROGRAM SUPPORT | $2,500 |
| GREEN WAVE CLUB TULANE NEW ORLEANS, LA | UNRESTRICTED PROGRAM SUPPORT | $3,000 |
| HALOS NORTH CHARLESTON, SC | UNRESTRICTED PROGRAM SUPPORT | $1,000 |
| INT'L AFRICAN AMERICAN MUSEUM CHARLESTON, SC | UNRESTRICTED PROGRAM SUPPORT | $2,500 |
| JEWISH HISTORICAL SOCIETY OF SC CHARLESTON, SC | UNRESTRICTED PROGRAM SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HOWARD B SHERMAN | TRUSTEE | 2 | $8,306 |
| IVAN M SHERMAN | TRUSTEE | 2 | $8,306 |
| MITCHELL L SHERMAN | TRUSTEE | 2 | $8,305 |
Frequently Asked Questions
How large is The Sherman Family Charitable Trust?
As of 2024, The Sherman Family Charitable Trust holds $1.2M in total assets with $110K in annual revenue. It awarded 18 grants totaling $65K in 2024.
Where does The Sherman Family Charitable Trust operate?
The Sherman Family Charitable Trust has awarded grants in Florida, Louisiana, New York, South Carolina, Texas.
What size grants does The Sherman Family Charitable Trust award?
In 2024, The Sherman Family Charitable Trust awarded 18 grants totaling $65K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Sherman Family Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Sherman Family Charitable Trust reported a distributable amount of $62K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Sherman Family Charitable Trust's EIN?
The Sherman Family Charitable Trust's EIN (Employer Identification Number) is 57-6100160. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Sherman Family Charitable Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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