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Frances Schermer Charitable Trust is a private trust based in BEVERLY HILLS, CA. The foundation received its IRS ruling in 1981. The principal officer is City National Bank. It holds total assets of $1.9M. Annual income is reported at $358K. The foundation is governed by 4 officers and trustees. Tax records are available from 2021 to 2024. Grantmaking is concentrated in Ohio. According to available records, Frances Schermer Charitable Trust has made 152 grants totaling $502K, with a median grant of $3K. Annual giving has grown from $123K in 2021 to $250K in 2023. Individual grants have ranged from $500 to $10K, with an average award of $3K. The foundation has supported 66 unique organizations. The foundation primarily supports organizations in Ohio, New York, California, which account for 97% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$3K
Average Grant
$3K
Largest Grant
$10K
Based on 37 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.
Frances Schermer Charitable Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 152 grants. Its grantmaking reaches organizations primarily in OH, NY, CA.
Frances Schermer Charitable Trust has distributed a total of $502K across 152 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $500 to $10K.
No recipient is to receive greater than 10% of the income in one year.
Frances Schermer Charitable Trust is headquartered in BEVERLY HILLS, CA. While based in CA, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| City National Bank | Co-Trustee | $13K | $0 | $13K |
| Richard Marlin | Co-Trustee | $5K | $0 | $5K |
| Bruce Sherman | Co-Trustee | $5K | $0 | $5K |
| James L Pazol | Consultant | $3K | $0 | $3K |
Total Giving
N/A
Total Assets
$1.9M
Fair Market Value
N/A
Net Worth
$1.9M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
152
Total Giving
$502K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
66
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Anti-Defamation LeagueUNRESTRICTED GIFT | New York, NY | $2K | 2023 |
| Akiva AcademyCONTRIBUTION | Youngstown, OH | $8K | 2023 |
| Youngstown Area Jewish FederationUNRESTRICTED GIFT | Youngstown, OH | $8K | 2023 |
| Mahoning Lodge #339UNRESTRICTED GIFT | Youngstown, OH | $8K | 2023 |
| Zionist Organization Of AmericaONGOING GRANT FOR CURRENT | Hubbard, OH | $8K | 2023 |
| Youngstown Area Jewish FoundationONGOING GRANT FOR CURRENT | Youngstown, OH | $8K | 2023 |
| Oh Wow Roger & Gloria Jones Chdrns CtrGRANT FOR OPERATING | Youngstown, OH | $6K | 2023 |
| Neomed Foundation (Neoucom)UNRESTRICTED GIFT | Rootstown, OH | $5K | 2023 |
| Youngstown Neighborhood Dvlpmt CorpGRANT FOR EMERGENCY HOME | Youngstown, OH | $5K | 2023 |
| Akron Children'S Hsptl Mahoning VlyPROVIDE MECIAL CARE TO | Youngstown, OH | $5K | 2023 |
| Warren City School DistrictENRICHMENT PROJECT | Warren, OH | $5K | 2023 |
| Planned Parenthood Of Greater OhioUNRESTRICTED GIFT | Columbus, OH | $4K | 2023 |
| United Way Of YoungstownUNRESTRICTED GIFT | Youngstown, OH | $4K | 2023 |
| Friends Of Israel Denfense ForcesUNRESTRICTED GIFT | Lyndhurst, OH | $4K | 2023 |
| Youngstown PlayhouseUNRESTRICTED GIFT | Youngstown, OH | $3K | 2023 |
| Midnight MissionUNRESTRICTED GIFT | Los Angeles, CA | $3K | 2023 |
| Kent State University Jewish StudiesGRANT FOR THE JEWISH NY | Kent, OH | $3K | 2023 |
| Jr Achievement Of Mahoning Valley IncGRANT FOR K-12 PATHWAY | Girard, OH | $3K | 2023 |
| Northeast Ohio Adoption ServicesGRANT FOR IGNITE MENTORING | Warren, OH | $3K | 2023 |
| Jewish Community CenterGRANT 2017-2018 BREAKING | Youngstown, OH | $3K | 2023 |
| University Of Cincinnati HillelUNRESTRICTED GIFT | Cincinnati, OH | $3K | 2023 |
| Church Hill United Methodist ChurchGRANT FOR LIBERTY FOOD | Youngstown, OH | $3K | 2023 |
| Meals Of HopeUNRESTRICTED GIFT | Naples, FL | $2K | 2023 |
| American Friends Of Megen David AdomUNRESTRICTED GIFT | Beachwood, OH | $2K | 2023 |
| Second Harvest Food BankGRANT FOR COVID-19 COSTS | Youngstown, OH | $2K | 2023 |
| Sacramento Food Bank & Family SvcsGRANT FOR THE FOOD BANK | Sacramento, CA | $2K | 2023 |
| Opera Western ReserveUNRESTRICTED GIFT | Youngstown, OH | $2K | 2023 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA