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Scherman Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1943. It holds total assets of $111.7M. Annual income is reported at $22.4M. Total assets have grown from $90.6M in 2011 to $111.7M in 2024. The foundation is governed by 11 officers and trustees. Tax records are available from 2020 to 2024. Grantmaking is concentrated in New York. According to available records, Scherman Foundation Inc. has made 438 grants totaling $19.1M, with a median grant of $40K. Annual giving has grown from $5.7M in 2021 to $13.4M in 2022. Individual grants have ranged from N/A to $250K, with an average award of $44K. The foundation has supported 232 unique organizations. The foundation primarily supports organizations in New York, District of Columbia, California, which account for 83% of all grants. Grantmaking reaches organizations across 20 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$28K
Average Grant
$34K
Largest Grant
$200K
Based on 166 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.
Scherman Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 438 grants. Its grantmaking reaches organizations primarily in NY, DC, CA.
Scherman Foundation Inc. has distributed a total of $19.1M across 438 grants. The median grant size is $40K, with an average of $44K. Individual grants have ranged from N/A to $250K.
The application deadline is CORE FUND LOIS ARE ACCEPTED ON A ROLLING BASIS AND REVIEWED QUARTERLY. Please see our grant guidelines on our website - https://www.scherman.org/how-to-apply.
Scherman Foundation Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 20 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mitchell C Pratt | PRESIDENT & CEO | $324K | $83K | $407K |
| Dr Peter K Sollins | DIRECTOR, SECRETARY | $0 | $0 | N/A |
| Alexis Anderson-Reed | DIRECTOR | $0 | $0 | N/A |
| Ibrahim Abdul-Matin | DIRECTOR (DECEASED JUNE 22, 2023) | $0 | $0 | N/A |
| Rini Banerjee | DIRECTOR, TREASURER | $0 | $0 | N/A |
| Amy Bergtold | DIRECTOR | $0 | $0 | N/A |
| Miriam Buhl | DIRECTOR | $0 | $0 | N/A |
| Steven K Choi | DIRECTOR | $0 | $0 | N/A |
| Rasu Jilani | DIRECTOR | $0 | $0 | N/A |
| Miles S Rapoport | DIRECTOR | $0 | $0 | N/A |
| Marianna Schaffer | DIRECTOR, CHAIR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$111.7M
Fair Market Value
N/A
Net Worth
$111.7M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
438
Total Giving
$19.1M
Average Grant
$44K
Median Grant
$40K
Unique Recipients
232
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| New York FoundationNEIGHBORHOODS FIRST FUND | New York, NY | $150K | 2022 |
| Progressive Multiplier FundREPRODUCTIVE JUSTICE COHORT | Washington, DC | $250K | 2022 |
| Tides FoundationNEW YORK RENEWS EDUCATION FUND | San Francisco, CA | $225K | 2022 |
| Windward FundRURAL DEMOCRACY INITIATIVE'S HEARTLAND FUND | Washington, DC | $200K | 2022 |
| In Our Own Voice National Black Women'S Reproductive Justice AgendaI AM A VOTER | Washington, DC | $200K | 2022 |
| Northwest Bronx Community And Clergy CoalitionBRONX-WIDE COALITION | Bronx, NY | $150K | 2022 |
| National Partnership For New AmericansCLIMATE JUSTICE COLLABORATIVE | Chicago, IL | $150K | 2022 |
| State VoicesGENERAL OPERATING SUPPORT | Washington, DC | $150K | 2022 |
| AlignGENERAL OPERATING SUPPORT | New York, NY | $105K | 2022 |
| Alliance For Quality Education Inc Co PpefGENERAL OPERATING SUPPORT | Albany, NY | $100K | 2022 |
| The New York Immigration CoalitionGENERAL OPERATING SUPPORT | New York, NY | $100K | 2022 |
| Association For Neighborhood & Housing Development (Anhd)GENERAL OPERATING SUPPORT | New York, NY | $100K | 2022 |
| DemosGENERAL OPERATING SUPPORT | New York, NY | $100K | 2022 |
| Social Good FundUNITED FRONTLINE TABLE | Richmond, CA | $100K | 2022 |
| Urge Unite For Reproductive & Gender EquityGENERAL OPERATING SUPPORT | Washington, DC | $100K | 2022 |
| The Advocacy InstituteGENERAL OPERATING SUPPORT | Brooklyn, NY | $100K | 2022 |
| New York City Environmental Justice AllianceGENERAL OPERATING SUPPORT | Brooklyn, NY | $100K | 2022 |
| Sistersong Women Of Color Reproductive Justice CollectiveGENERAL OPERATING SUPPORT | Atlanta, GA | $100K | 2022 |
| Pratt Center For Community DevelopmentGENERAL OPERATING SUPPORT | Brooklyn, NY | $100K | 2022 |
| National People'S Action (Aka People'S Action Institute)JUST AND CLEAN ENERGY CAMPAIGN | Chicago, IL | $100K | 2022 |
| Latinojustice PrldefGENERAL OPERATING SUPPORT | New York, NY | $100K | 2022 |
| The New York Women'S FoundationNYC FUND FOR GIRLS AND YOUNG WOMEN OF COLOR | New York, NY | $80K | 2022 |
| The National Latina Institute For Reproductive JusticeGENERAL OPERATING SUPPORT | New York, NY | $80K | 2022 |