The Michael T Sherman Foundation is a private foundation based in Boston, Massachusetts, established in 2011 and designated as a 501(c)(3) organization. The foundation operates as a grantmaking entity with assets exceeding $3 million and focuses its philanthropic efforts across multiple U.S. cities and states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.5M
+10.2% YoY
Annual Giving
$454K
+51.3% YoY
Grant Count
26
+4.0% YoY
Avg Grant Size
$17K
+45.5% YoY
Grantmaking
The foundation makes approximately 25 grants annually, with a median grant size of $12,000 and a grant range between $2,000 and $24,000. Recent grantees have included Perkins School for the Blind ($24,000), Everytown for Gun Safety Support Fund ($20,000), and Sierra Club Foundation ($20,000).
Grant Range
of $12,000 and a grant range between $2,000 and $24,000. Recent grantees have included Perkins School for the Blind ($24,000), Everytown for Gun Safety Support Fund ($20,000), and Sierra Club Foundation ($20,000).
Ready to take the next step with Michael T Sherman Foundation?
Geographic Focus
Where this funder awards grants
The foundation funds projects across multiple U.S. cities and states, including Atlanta, Boston, New York, and San Francisco. Geographic focus areas also extend to California, Connecticut, Florida, Georgia, Massachusetts, Missouri, New York, Vermont, Virginia, and Washington.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $3.49 million (2024); $3.17 million (2023)
Annual Giving: Approximately $300,000 annually
Revenue: $1.05 million (2024); $396,759 (2023)
Expenses: $528,000 (2024); $360,357 (2023)
Liabilities: $0 (2024)
Giving Rate: 9.5% of assets
The foundation reported total grants, contributions, and other revenue of $250,000 in 2023, representing a significant increase from $0 in 2022.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,493,986 | $3,169,650 | $3,136,572 |
| Revenue | $1,052,307 | $396,759 | $240,008 |
| Expenses | $528,349 | $360,357 | $338,040 |
| Qualifying Distributions | $465,588 | $308,935 | $284,216 |
| Net Investment Income | $213,312 | $95,948 | $164,524 |
| Distributable Amount | $323,611 | $254,341 | $253,763 |
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
120 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by a board of trustees that includes:
- Michael T. Sherman (serves without compensation)
- Arthur B. Page
- Nancy B. Gardiner
- Mark McCloskey
- Lee Bodock
Legal and administrative matters are handled through Hemenway & Barnes LLP.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ARTHUR B PAGE | TRUSTEE | 0.5 | $16,198 |
| NANCY B GARDINER | TRUSTEE | 0.1 | $16,197 |
| MICHAEL T SHERMAN | TRUSTEE | 0.5 | — |
| MARK MCCLOSKEY | TRUSTEE | 0.2 | $1,000 |
| LEE BODOCK | TRUSTEE | 0.2 | $1,000 |
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Michael T Sherman Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities