The Sherman Family Foundation
The Sherman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SCARBOROUGH, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $150K in total assets. In 2024, it awarded 18 grants totaling $87K. Net investment income was $59K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$150K
-16.3% YoY
Annual Giving
$87K
+10.9% YoY
Grant Count
18
+20.0% YoY
Avg Grant Size
$5K
-7.6% YoY
Under IRS private-foundation payout rules, The Sherman Family Foundation reported a distributable amount of $58K for 2024 — the minimum it must pay out in qualifying distributions.
About The Sherman Family Foundation
Based on IRS filings
The Sherman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SCARBOROUGH, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $150K in total assets. In 2024, it awarded 18 grants totaling $87K. Net investment income was $59K.
Focus Areas
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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 | $150,348 | $179,716 | $201,967 |
| Revenue | $59,719 | $59,225 | $23,793 |
| Expenses | $89,087 | $81,476 | $79,603 |
| Qualifying Distributions | $87,547 | $80,583 | $75,910 |
| Net Investment Income | $58,747 | $58,332 | $50,152 |
| Distributable Amount | $58,235 | $68,718 | $75,089 |
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 Boys & Girls Clubs of Southern Me ($10,000), Friends of Portland Adult Education ($10,000), Gulf of Maine Research Institute ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS & GIRLS CLUBS OF SOUTHERN ME PORTLAND, ME | GENERAL ANNUAL APPEAL | $10,000 |
| CAMP SUNSHINE CASCO, ME | GENERAL | $2,500 |
| FRIENDS OF PORTLAND ADULT EDUCATION PORTLAND, ME | GENERAL | $10,000 |
| GULF OF MAINE RESEARCH INSTITUTE PORTLAND, ME | GENERAL | $10,000 |
| KONBIT SANTE FALMOUTH, ME | GENERAL | $2,500 |
| MY PLACE TEEN CENTER WESTBROOK, ME | GENERAL | $3,000 |
| OPPORTUNITY ALLIANCE SOUTH PORTLAND, ME | GENERAL | $1,000 |
| PREBLE STREET PORTLAND, ME | GENERAL | $10,000 |
| SOUTH PORTLAND FOOD CUPBOARD SOUTH PORTLAND, ME | GENERAL | $2,500 |
| STRIVE SOUTH PORTLAND, ME | GENERAL | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BEVERLY SHERMAN | PRESIDENT | — | — |
| DAVID S SHERMAN JR | TREASURER | — | — |
| MARTHA S BURCHENAL | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Sherman Family Foundation?
The Sherman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SCARBOROUGH, ME. It holds $150K in total assets as of 2024.
How large is The Sherman Family Foundation?
As of 2024, The Sherman Family Foundation holds $150K in total assets with $60K in annual revenue. It awarded 18 grants totaling $87K in 2024.
Where does The Sherman Family Foundation operate?
The Sherman Family Foundation has awarded grants in Maine, Texas.
What size grants does The Sherman Family Foundation award?
In 2024, The Sherman Family Foundation awarded 18 grants totaling $87K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Sherman Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Sherman Family Foundation reported a distributable amount of $58K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Sherman Family Foundation's EIN?
The Sherman Family Foundation's EIN (Employer Identification Number) is 01-0530498. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Sherman Family Foundation'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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