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Also known as: CHARITABLE FOUNDATION INC
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Bruce And Cynthia Sherman Charitable Foundation Inc. is a private corporation based in WEST PALM BEACH, FL. The foundation received its IRS ruling in 2006. The principal officer is Bruce S Sherman. It holds total assets of $26.2M. Annual income is reported at $5.8M. Total assets have grown from $4M in 2011 to $23.8M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Florida, New York and Massachusetts. According to available records, Bruce And Cynthia Sherman Charitable Foundation Inc. has made 55 grants totaling $3.9M, with a median grant of $25K. Annual giving has decreased from $3.1M in 2022 to $813K in 2023. Individual grants have ranged from $250 to $1M, with an average award of $71K. The foundation has supported 34 unique organizations. The foundation primarily supports organizations in Florida, Massachusetts, New York, which account for 64% of all grants. Grantmaking reaches organizations across 12 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$22K
Average Grant
$72K
Largest Grant
$360K
Based on 16 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Bruce And Cynthia Sherman Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 55 grants. Its grantmaking reaches organizations primarily in FL, MA, NY.
Bruce And Cynthia Sherman Charitable Foundation Inc. has distributed a total of $3.9M across 55 grants. The median grant size is $25K, with an average of $71K. Individual grants have ranged from $250 to $1M.
Bruce And Cynthia Sherman Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Bruce And Cynthia Sherman Charitable Foundation Inc. is headquartered in WEST PALM BEACH, FL. While based in FL, the foundation distributes grants to organizations across 12 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Daniel Sherman | CLERK | $0 | $0 | N/A |
| Cynthia L Sherman | TREASURER | $0 | $0 | N/A |
| Bruce S Sherman | PRESIDENT | $0 | $0 | N/A |
Total Giving
$1.1M
Total Assets
$23.8M
Fair Market Value
$27.5M
Net Worth
$23.8M
Grants Paid
$813K
Contributions
$92K
Net Investment Income
$2.4M
Distribution Amount
$1.2M
Total Grants
55
Total Giving
$3.9M
Average Grant
$71K
Median Grant
$25K
Unique Recipients
34
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Wgbh Educational FoundationGENERAL | Boston, MA | $250K | 2023 |
| Thaddeus Stappenbeck2023 SHERMAN PRIZE WINNER | St Louis, MO | $100K | 2023 |
| Pine Crest SchoolEDUCATIONAL | Fort Lauderdale, FL | $100K | 2023 |
| Corey Siegel2023 SHERMAN PRIZE WINNER | Hanover, NH | $100K | 2023 |
| Jewish Federation Of South Palm Beach CountyISRAEL EMERGENCY CAMPAIGN | Boca Raton, FL | $40K | 2023 |
| Crohn'S & Colitis Foundation Of AmericaMEDICAL | New York, NY | $35K | 2023 |
| American Friends Of Magen David AdomGENERAL | New York, NY | $25K | 2023 |
| Friends Of The Israel Defense ForcesGENERAL | New York, NY | $25K | 2023 |
| Norton Museum Of ArtGENERAL | West Palm Beach, FL | $25K | 2023 |
| Andres YarurSHERMAN EMERGING LEADER PRIZE | Los Angeles, CA | $25K | 2023 |
| Friends Of Yashar LachayalGENERAL | E Brunswick, NJ | $25K | 2023 |
| Uja FederationGENERAL | New York, NY | $10K | 2023 |
| New York UniversityMEDICAL | New York, NY | $10K | 2023 |
| Central SynagogueRELIGIOUS | New York, NY | $5K | 2023 |
| Opportunity ProjectGENERAL | Millburn, NJ | $5K | 2023 |
| American Cancer Society IncMEDICAL | Atlanta, GA | $2K | 2023 |
| Baruch CollegeEDUCATIONAL | New York, NY | $2K | 2023 |
| Boca Rio FoundationGENERAL | Boca Raton, FL | $1K | 2023 |
| Sid Jacobson Jewish Community CenterGENERAL | Greenvale, NY | $1K | 2023 |
| Lung Cancer Research FoundationMEDICAL | New York, NY | $1K | 2023 |
| Glen Oaks Philantropic FundGENERAL | Old Westbury, NY | $750 | 2023 |
| Boca Raton Regional Hospital FoundationGENERAL | Boca Raton, FL | $1M | 2022 |
| Bascom Palmer Eye InstituteMEDICAL | Miami, FL | $150K | 2022 |
| Maria DubinskySHERMAN PRIZE AWARD WINNER | New York, NY | $100K | 2022 |
| Uma MahadevanSHERMAN PRIZE AWARD WINNER | Burlingame, CA | $100K | 2022 |
| Freedom AllianceGENERAL | Dulles, VA | $50K | 2022 |
| Nobles And Greenough SchoolGENERAL | Dedham, MA | $50K | 2022 |
| Parambir DulaiSHERMAN PRIZE EMERGING LEADER AWARD | Wilmette, IL | $25K | 2022 |
| North Carolina State TreasurerSHERMAN PRIZE EMERGING LEADER- DR EDWARD BARNES | Raleigh, NC | $25K | 2022 |
| Jewish Family & Children'S ServiceGENERAL | Waltham, MA | $10K | 2022 |
| Temple Beth ShalomRELIGIOUS | Needham, MA | $10K | 2022 |
| Mattingly CharitiesGENERAL | Evansville, IN | $5K | 2022 |
| Nyu LangoneMEDICAL | New York, NY | $5K | 2022 |
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL