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.
Key facts about The Sherman Family Foundation
- EIN
- 01-0530498
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $86,500
- Grants made (2024)
- 18
- Average grant
- $4,806
- Median grant
- $2,500
- New grantees (estimate)
- 11% first-time grantees (2 of 18, 2024)
- Total assets
- $150,348
- Primary geography
- Maine (97% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Sherman Family Foundation funds
By grant dollars, the top recipient states for The Sherman Family Foundation's 18 itemized 2024 grants were Maine (97%). The most frequent recipient cities were Portland, ME (9 grants), South Portland, ME (3 grants) and Westbrook, ME (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is The Sherman Family Foundation open to new grantees?
11%
first-time grantees, 2024
In 2024, 2 of 18 grantees (11%) were first-time recipients. First grants averaged $2K; repeat grants $5K. How we count
Medians: $2K first-time, $3K repeat.
- 83% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−4%). Method
- In 2024 it paid out 150% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Sherman Family Foundation
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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
Share of all 18 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients 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 |
| FRIENDS OF PORTLAND ADULT EDUCATION Portland, ME | GENERAL | $10,000 |
| GULF OF MAINE RESEARCH INSTITUTE Portland, ME | GENERAL | $10,000 |
| PREBLE STREET Portland, ME | GENERAL | $10,000 |
| WAYSIDE FOOD PROGRAM Portland, ME | GENERAL | $10,000 |
| CAMPFIRE INSTITUE Westbrook, ME | GENERAL | $10,000 |
| MY PLACE TEEN CENTER Westbrook, ME | GENERAL | $3,000 |
| THE TELLING ROOM Portland, ME | GENERAL | $3,000 |
| CAMP SUNSHINE Casco, ME | GENERAL | $2,500 |
| KONBIT SANTE Falmouth, ME | GENERAL | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.