The Thomas B and Elizabeth M Sheridan
The Thomas B and Elizabeth M Sheridan Foundation is a private foundation based in Hunt Valley, Maryland, established in 1962. The foundation operates as a grantmaking organization focused on supporting educational institutions and cultural organizations in the Baltimore area.
Key facts about The Thomas B and Elizabeth M Sheridan
In short: The Thomas B and Elizabeth M Sheridan gave $886K across 23 grants in 2024 (avg $39K), mostly in Maryland. 30% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 52-6075270
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $885,575
- Grants made (2024)
- 23
- Average grant
- $38,503
- Median grant
- $35,000
- New grantees (estimate)
- 30% first-time grantees (7 of 23, 2024)
- Total assets
- $16,713,068
- Primary geography
- Maryland (100% of itemized 2024 grant dollars)
- How to apply
- The foundation accepts applications. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Quick answers about The Thomas B and Elizabeth M Sheridan
How much does The Thomas B and Elizabeth M Sheridan give each year?
The Thomas B and Elizabeth M Sheridan gave $886K across 23 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $972K across 26 grants.
What is The Thomas B and Elizabeth M Sheridan's typical grant size?
The Thomas B and Elizabeth M Sheridan's median grant in 2024 was $35,000, and its average grant was $38,503, across 23 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Thomas B and Elizabeth M Sheridan that year got $28K on average.
Where does The Thomas B and Elizabeth M Sheridan give grants?
The Thomas B and Elizabeth M Sheridan gives mostly in Maryland: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Baltimore, MD (13 grants), Towson, MD (2 grants) and Owings Mills, MD (2 grants).
Does The Thomas B and Elizabeth M Sheridan give general operating support?
Yes: 52% of The Thomas B and Elizabeth M Sheridan's 2024 grants with a stated purpose (12 of 23) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Financial Aid for Students" (11 grants).
Who are The Thomas B and Elizabeth M Sheridan's largest grantees?
The Thomas B and Elizabeth M Sheridan's largest 2024 grantees include Baltimore Symphony Orchestra ($120,000), Loyola Blakefield ($110,000) and Mercy High School ($110,000), according to its 2024 IRS Form 990-PF. Together they received 38% of its itemized 2024 grant dollars.
Is The Thomas B and Elizabeth M Sheridan open to new grantees?
30%
first-time grantees, 2024
In 2024, 7 of 23 grantees (30%) were first-time recipients. First grants averaged $28K; repeat grants $43K. How we count
Medians: $15K first-time, $35K repeat.
- 52% of 2024 grantees were also funded in 2023. Method
- Giving grew 24% from 2021 to 2024. Method
- In 2024 it paid out 105% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (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 Thomas B and Elizabeth M Sheridan
- How to evaluate The Thomas B and Elizabeth M Sheridan as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.7M
+4.1% YoY
Annual Giving
$886K
-8.9% YoY
Grant Count
23
-11.5% YoY
Avg Grant Size
$39K
+3.0% YoY
Under IRS private-foundation payout rules, The Thomas B and Elizabeth M Sheridan reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary mission is to support independent, private middle and high schools in the Baltimore area through grants that create meaningful impact on schools and their students. A secondary focus is supporting cultural arts organizations in Baltimore.
The foundation makes grants to charitable organizations that qualify under section 501(c)(3) and are located in Baltimore, Maryland and the surrounding area.
Grantmaking
Grant Range
$35,000
Average Grant
amount: $75,000–$150,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations located in Baltimore, Maryland and the surrounding area.
Grant Distribution by State
Share of all 23 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $16,062,505
- Total Revenues: $1,152,848
- Total Expenses: $1,239,949
- Staff: 1 employee
As of 2024:
- Total Assets: $16,713,068
- Total Giving: $885,575
- Giving Rate: 5.3% of assets
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,713,068 | $16,062,505 | $16,124,494 |
| Revenue | $1,879,406 | $1,152,848 | $610,738 |
| Expenses | $1,157,305 | $1,239,949 | $897,211 |
| Qualifying Distributions | $1,073,707 | $1,172,832 | $834,285 |
| Net Investment Income | $1,823,433 | $1,098,682 | $555,534 |
| Distributable Amount | $1,020,252 | $954,046 | $982,197 |
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
100 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| BALTIMORE SYMPHONY ORCHESTRA Baltimore, MD | GENERAL SUPPORT | $120,000 |
| LOYOLA BLAKEFIELD Towson, MD | FINANCIAL AID FOR STUDENTS | $110,000 |
| MERCY HIGH SCHOOL Baltimore, MD | GENERAL SUPPORT | $110,000 |
| ST IGNATIUS LOYOLA ACADEMY Baltimore, MD | GENERAL SUPPORT | $60,000 |
| EVERYMAN THEATRE Baltimore, MD | GENERAL SUPPORT | $50,000 |
| SAINT ELIZABETH SCHOOL Baltimore, MD | GENERAL SUPPORT | $39,000 |
| GILMAN SCHOOL Baltimore, MD | FINANCIAL AID FOR STUDENTS | $36,000 |
| THE BOYS' LATIN SCHOOL OF MARYLAND Baltimore, MD | FINANCIAL AID FOR STUDENTS | $35,000 |
| CALVERT SCHOOL Baltimore, MD | FINANCIAL AID FOR STUDENTS | $35,000 |
| FRIENDS SCHOOL OF BALTIMORE Baltimore, MD | FINANCIAL AID FOR STUDENTS | $35,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Jessica Sinclair Schram – President (since 2024)
- John B. Sinclair – Vice President (served as President through 2023)
The Thomas B and Elizabeth M Sheridan is led by Jessica S. Schram, President since 2024 (on filings since 2020); 6 of 8 officers listed in 2024 are compensated.
Officers on the 2024 filing
Jessica S. Schram
President
Treasurer → Vice President, 2022
Vice President → President, 2024
On filings since 2020
2 hrs/week
$3K (2020) → $91K (2024)
Anne Lawrence Deering
Trustee
On filings since 2020
2 hrs/week
$3K (2020) → $4K (2024)
Mary H. Dekuyper
Trustee
On filings since 2020
1 hr/week
$3K (2020) → $4K (2024)
Stephanie McCormick
Trustee
On filings since 2020
1 hr/week
No compensation reported
John F. Cavanaugh
Trustee
On filings since 2023
2 hrs/week
No compensation reported
Ellen Dew
Treasurer
Trustee → Treasurer, 2022
On filings since 2020
1 hr/week
$2K (2020) → $3K (2024)
John B. Sinclair
Vice President
President → Vice President, 2024
On filings since 2020
2 hrs/week
$70K (2020) → $4K (2024)
Scott A. Wieler
Secretary
On filings since 2020
1 hr/week
$3K (2020) → $4K (2024)
Former officers (1)
- Former: Philip D. English (2020–2021) — Vice President
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
Recent News & Activity
Recent developments and announcements
Calvert Hall received a $50,000 grant from The Sheridan Foundation in recent years, demonstrating the foundation's continued support of independent schools in the Baltimore area.
Calvert Hall Awarded $50,000 Grant from The Sheridan FoundationContact Information
The Thomas B and Elizabeth M Sheridan Foundation
11350 McCormick Road
Executive Plaza II, Suite 704
Hunt Valley, MD 21031
Phone: 410-771-0475
Email: jschram@sheridanfoundation.org
Frequently Asked Questions
What does The Thomas B and Elizabeth M Sheridan fund?
The foundation's primary mission is to support independent, private middle and high schools in the Baltimore area through grants that create meaningful impact on schools and their students. A secondary focus is supporting cultural arts organizations in Baltimore. The foundation makes grants to charitable organizations that qualify under section 501(c)(3) and are located in Baltimore, Maryland and the surrounding area.
How do I apply for a grant from The Thomas B and Elizabeth M Sheridan?
The foundation accepts applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is The Thomas B and Elizabeth M Sheridan required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Thomas B and Elizabeth M Sheridan reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Thomas B and Elizabeth M Sheridan's EIN?
The Thomas B and Elizabeth M Sheridan's EIN (Employer Identification Number) is 52-6075270. 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. Research dossier generated April 2026.