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Also known as: #95-602840
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Michael T Sherman Foundation is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 2011. The principal officer is Hemenway & Barnes Llp. It holds total assets of $3.5M. Annual income is reported at $1.9M. Total assets have grown from $1.8M in 2011 to $3.2M in 2023. The foundation is governed by 5 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. Grantmaking is concentrated in Massachusetts. According to available records, Michael T Sherman Foundation has made 22 grants totaling $276K, with a median grant of $11K. Individual grants have ranged from $2K to $21K, with an average award of $13K. The foundation has supported 22 unique organizations. The foundation primarily supports organizations in Massachusetts, New York, California, which account for 82% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$10K
Average Grant
$10K
Largest Grant
$38K
Based on 24 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.
Michael T Sherman Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in MA, NY, CA.
Michael T Sherman Foundation has distributed a total of $276K across 22 grants. The median grant size is $11K, with an average of $13K. Individual grants have ranged from $2K to $21K.
Michael T Sherman Foundation typically selects its grantees rather than accepting unsolicited proposals.
Michael T Sherman Foundation is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Arthur B Page | TRUSTEE | $12K | $0 | $12K |
| Nancy B Gardiner | TRUSTEE | $12K | $0 | $12K |
| Lee Bodock | TRUSTEE | $2K | $0 | $2K |
| Mark Mccloskey | TRUSTEE | $2K | $0 | $2K |
| Michael T Sherman | TRUSTEE | $0 | $0 | N/A |
Total Giving
$360K
Total Assets
$3.2M
Fair Market Value
$5.4M
Net Worth
$3.2M
Grants Paid
$300K
Contributions
$250K
Net Investment Income
$96K
Distribution Amount
$254K
Total: $2.9M
Total Grants
22
Total Giving
$276K
Average Grant
$13K
Median Grant
$11K
Unique Recipients
22
Most Common Grant
$11K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Perkins School For The BlindGENERAL PURPOSE | Watertown, MA | $21K | 2022 |
| Franciscan Children'SBOSTON WIFFLEBALL CHALLENGE | Brighton, MA | $20K | 2022 |
| Everytown For Gun Safety Support FundGENERAL PURPOSE | New York, NY | $18K | 2022 |
| Massachusetts General HospitalHOME BASE PROGRAM | Boston, MA | $18K | 2022 |
| Sierra Club FoundationGENERAL PURPOSE | San Francisco, CA | $18K | 2022 |
| AspcaGENERAL PURPOSE | New York, NY | $14K | 2022 |
| Year Up IncGENERAL PURPOSE | Boston, MA | $14K | 2022 |
| World Wildlife Fund IncGENERAL PURPOSE | Washington, DC | $14K | 2022 |
| Habitat For Humanity InternationalGENERAL PURPOSE | Atlanta, GA | $14K | 2022 |
| Spaulding Rehabilitation Hospital CorpTHE TRAVIS ROY CENTER | Charlestown, MA | $14K | 2022 |
| Boston Higher Education Resource CenterGENERAL PURPOSE | Boston, MA | $11K | 2022 |
| Camfed Usa FoundationGENERAL PURPOSE | San Francisco, CA | $11K | 2022 |
| Community Workshops IncCOMMUNITY WORK SERVICES | Boston, MA | $11K | 2022 |
| Compass Working CapitalGENERAL PURPOSE | Boston, MA | $11K | 2022 |
| Himalayan Cataract Project IncGENERAL PURPOSE | Waterbury, VT | $11K | 2022 |
| Onegoal MassachusettsGENERAL PURPOSE | Boston, MA | $11K | 2022 |
| School On Wheels Of Massachusetts IncGENERAL PURPOSE | East Bridgewater, MA | $11K | 2022 |
| Teach For America IncGENERAL PURPOSE | Boston, MA | $11K | 2022 |
| Resilient Coders IncGENERAL PURPOSE | Boston, MA | $9K | 2022 |
| Project Medishare For HaitiGENERAL PURPOSE | Miami, FL | $7K | 2022 |
| Partners In HealthGENERAL PURPOSE | Boston, MA | $7K | 2022 |
| Project Step IncGENERAL PURPOSE | Boston, MA | $2K | 2022 |