SHERMAN FAMILY FOUNDATION

Reduce your risk when donating: see where the money actually goes.

Reduce your risk when donating: see where the money actually goes.

Cite this

Plain text SHERMAN FAMILY FOUNDATION. furp.org, nonprofit organization profile, tax years 2014–2024. https://furp.org/org/sherman-family-foundation-526723302. Retrieved 2026-11-15.

APA furp.org. (n.d.). SHERMAN FAMILY FOUNDATION [Nonprofit organization profile; tax years 2014–2024]. Retrieved November 15, 2026, from https://furp.org/org/sherman-family-foundation-526723302

MLA “SHERMAN FAMILY FOUNDATION.” furp.org, tax years 2014–2024, https://furp.org/org/sherman-family-foundation-526723302. Accessed 15 Nov. 2026.

Retrieved 2026-11-15; covers tax years 2014–2024. Data: furp.org (index © the FURP Alliance; the records are public domain).

2024 · Form 990PF · revenue $6.0M ($6.2M in 2025 dollars) · expenses $20.2M · assets $73.3M

EIN
52-6723302
Address
650 S EXETER ST STE 1080, BALTIMORE, MD 21202-4209
NTEE code
T22 Private Independent Foundations (Philanthropy, Voluntarism and Grantmaking Foundations) published (IRS Business Master File, as T22Z)
Exempt type
501(c)(3): charitable, religious, educational, scientific or literary (trust)
Ruling date
January 1995 (when the IRS recognized its exemption)
IRS status
Exempt (unconditional) (IRS Business Master File) IRS data ↗
Tax-deductible donations
Yes: listed in IRS Publication 78 (private foundation) Pub 78 ↗
Foundation status
Private non-operating foundation
Cross-check
ProPublica Nonprofit Explorer

Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).

People paid by the organization

1 person paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.

NameLatest titleYearsLatest year payTotal pay from hereOrganizations
Joshua Michael EXECUTIVE DIRECTOR2022-2024 $240,000$553,333 1

Officers and directors, no compensation reported

6 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.

NameLatest titleYearsHrs/wk (latest)CompensationOrganizations
Betsy Sherman TRUSTEE2020-2024 4 $0 reported 1
David Sherman TRUSTEE2021-2024 0 $0 reported 1
Michael Sherman TRUSTEE2021-2024 0 $0 reported 1
Jonathan Sherman TRUSTEE2021-2024 0 $0 reported 1
Matthew Sherman TRUSTEE2021-2024 0 $0 reported 1
George M Sherman (former) TRUSTEE2014-2018 1 $0 reported 1

People by year

2024 · 6 people listed · 1 paid, $240K
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
JOSHUA MICHAEL EXECUTIVE DIRECTOR40 $240,000-$0 $240,0001
BETSY SHERMAN TRUSTEE4 $0-$0 $01
DAVID SHERMAN TRUSTEE0 $0-$0 $01
MICHAEL SHERMAN TRUSTEE0 $0-$0 $01
JONATHAN SHERMAN TRUSTEE0 $0-$0 $01
MATTHEW SHERMAN TRUSTEE0 $0-$0 $01
2023 · 6 people listed · 1 paid, $183K
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
JOSHUA MICHAEL EXECUTIVE DIRECTOR40 $183,333-$0 $183,3331
BETSY SHERMAN TRUSTEE4 $0-$0 $01
DAVID SHERMAN TRUSTEE0 $0-$0 $01
MICHAEL SHERMAN TRUSTEE0 $0-$0 $01
JONATHAN SHERMAN TRUSTEE0 $0-$0 $01
MATTHEW SHERMAN TRUSTEE0 $0-$0 $01
2022 · 6 people listed · 1 paid, $130K
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
JOSHUA MICHAEL EXECUTIVE DIRECTOR40 $130,000-$0 $130,0001
BETSY SHERMAN TRUSTEE4 $0-$0 $01
DAVID SHERMAN TRUSTEE0 $0-$0 $01
MICHAEL SHERMAN TRUSTEE0 $0-$0 $01
JONATHAN SHERMAN TRUSTEE0 $0-$0 $01
MATTHEW SHERMAN TRUSTEE0 $0-$0 $01
2021 · 5 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
BETSY SHERMAN TRUSTEE4 $0-$0 $01
DAVID SHERMAN TRUSTEE0 $0-$0 $01
MICHAEL SHERMAN TRUSTEE0 $0-$0 $01
JONATHAN SHERMAN TRUSTEE0 $0-$0 $01
MATTHEW SHERMAN TRUSTEE0 $0-$0 $01
2020 · 1 person listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
BETSY SHERMAN TRUSTEE1 $0-$0 $01
2018 · 1 person listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
GEORGE M SHERMAN TRUSTEE1 $0-$0 $01
2017 · 1 person listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
GEORGE M SHERMAN TRUSTEE1 $0-$0 $01
2016 · 1 person listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
GEORGE M SHERMAN TRUSTEE1 $0-$0 $01
2015 · 1 person listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
GEORGE M SHERMAN TRUSTEE1 $0-$0 $01
2014 · 1 person listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
GEORGE M SHERMAN TRUSTEE1 $0-$0 $01

Highest-paid independent contractors

2021 · 1 contractor · $75K
NameLocationServicePaid
EDVANCE LLCBALTIMORE, MDCONSULTING$75,000

Who the money went to

Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.

2024 · 118 grants to organizations · $19.0M
2023 · 106 grants to organizations · $19.3M
2022 · 84 grants to organizations · $13.1M
2021 · 44 grants to organizations · $5.4M
2020 · 34 grants to organizations · $3.8M
2018 · 33 grants to organizations · $3.9M
2017 · 31 grants to organizations · $3.4M
2016 · 26 grants to organizations · $3.0M
2015 · 32 grants to organizations · $2.9M
2014 · 26 grants to organizations · $2.4M

Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.

Who gave

Contributors listed on Schedule B of the Form 990-PF: name, city and state as filed (street addresses are not shown), with total and noncash contributions for the year. A link to an organization's page is tagged Fuzzy with its name-similarity score (0 to 1) when it rests on name and state; Schedule B lists no EIN, so no link here is an exact identifier match.

2021 · 1 contributor · $60.0M
#ContributorTypeCity, stateTotalNoncashSource
1 CYPRESS CAPITAL HOLDINGS LLC Organization or other BALTIMORE, MD $60,000,000- Form 990PF Sch. B, 2021 · filing
2017 · 1 contributor · $3.0M
#ContributorTypeCity, stateTotalNoncashSource
1 BETSY SHERMAN Person MIAMI BEACH, FL $2,959,869$2,959,869 Form 990PF Sch. B, 2017 · filing

Contributors listed here are as reported on the filing. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

Finances

Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.

RevenueExpensesAssetsNet assetsContributionsProgram revenueOfficer payEmployeesVolunteers
2024 · Form 990PF period ending 2024-12-31 · view filing · original 990 ↗
$6,023,024$20,227,246 $73,284,172$73,272,279 -- $0--
2023 · Form 990PF period ending 2023-12-31 · view filing · original 990 ↗
$3,680,497$19,793,246 $87,496,501$87,476,501 -- $0--
2022 · Form 990PF period ending 2022-12-31 · view filing · original 990 ↗
$2,263,499$13,507,926 $103,594,473$103,589,250 -- $0--
2021 · Form 990PF period ending 2021-12-31 · view filing · original 990 ↗
$87,345,670$5,938,364 $114,550,565$114,550,565 $60,000,000- $0--
2020 · Form 990PF period ending 2020-12-31 · view filing · original 990 ↗
$6,649,879$3,921,481 $41,941,688$41,941,688 -- $0--
2018 · Form 990PF period ending 2018-12-31 · view filing · original 990 ↗
$3,854,201$3,870,024 $38,762,839$38,762,839 $0- $0--
2017 · Form 990PF period ending 2017-12-31 · view filing · original 990 ↗
$10,390,128$3,431,223 $44,272,479$44,272,479 $2,959,869- $0--
2016 · Form 990PF period ending 2016-12-31 · view filing · original 990 ↗
$1,888,272$2,993,265 $32,233,929$32,233,929 -- $0--
2015 · Form 990PF period ending 2015-12-31 · view filing · original 990 ↗
$1,435,546$2,876,306 $26,436,503$26,436,503 -- $0--
2014 · Form 990PF period ending 2014-12-31 · view filing · original 990 ↗
$2,638,813$2,397,516 $32,525,938$32,525,938 -- $0--

Funders of this organization

Not reported: no grants to this organization appear in the filings we have (tax years 2010 to 2025).

Nearby + Similar BETA

Organizations like this one: what they do and who they are linked to

Same category: NTEE code and revenue

Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. NTEE: the IRS’s code when it lists one, otherwise FURP’s inferred code. Same state only · More (100)

OrganizationStateNTEELatest revenueLatest expensesTop-paid titleTop payWhy similar
AUSHERMAN FAMILY FOUNDATION INCMDT22 $4,737,842$2,036,473 EXECUTIVE DIRECTOR$178,048 Same NTEE code T22, revenue within 2x, same state, similar name
CRANE FAMILY FOUNDATION INCMDT22 $6,189,034$7,059,742 DIRECTOR$353,125 Same NTEE code T22, revenue within 2x, same state, similar name
SCHULMAN FOUNDATION INCMDT22 $7,434,192$575,840 TRUSTEE$0 Same NTEE code T22, revenue within 2x, same state, similar name
BLANKET FORT FOUNDATIONMDT22 $7,056,695$2,394,584 TRUSTEE$0 Same NTEE code T22, revenue within 2x, same state
FIRETHORN FOUNDATION INCMDT22 $4,965,554$1,033,502 CHAIR$0 Same NTEE code T22, revenue within 2x, same state
DE BEAUMONT FOUNDATION INCMDT22 $6,688,389$10,771,355 PRESIDENT & CEO$489,681 Same NTEE code T22, revenue within 2x, same state
AARON STRAUS AND LILLIE STRAUS FOUNDATION INCMDT22 $7,279,898$5,130,458 PRESIDENT/TREASURER$521,169 Same NTEE code T22, revenue within 2x, same state
LEONARD AND HELEN R STULMAN CHARITABLE FOUNDATION INCMDT22 $6,400,208$4,315,284 PRESIDENT$3,600 Same NTEE code T22, revenue within 2x, same state
RICHARD & ROSALEE C DAVISON FOUNDATION INCMDT22 $8,452,559$500,064 President$0 Same NTEE code T22, revenue within 2x, same state
PHILIP E AND CAROLE R RATCLIFFE FOUNDATION INCMDT22 $4,995,073$11,920,061 CHIEF EXEC O$220,190 Same NTEE code T22, revenue within 2x, same state
TZEDAKAH FUNDMDT22 $5,878,599$568,956 TRUSTEE$0 Same NTEE code T22, revenue within 2x, same state
SHEPARD FAMILY FOUNDATIONMOT22 $8,069,782$1,914,907 EXECUTIVE DIRECTOR$186,051 Same NTEE code T22, revenue within 2x, similar name
SCANLAN FAMILY FOUNDATIONILT22 $6,359,870$17,504,486 PRESIDENT/DIRECTOR$0 Same NTEE code T22, revenue within 2x, similar name
MORAN FAMILY FOUNDATIONVAT22 $5,768,464$1,120,490 EXECUTIVE DIRECTOR$75,000 Same NTEE code T22, revenue within 2x, similar name
SARLO FAMILY FOUNDATIONCAT22 $6,406,545$3,090,606 EXECUTIVE DIRECTOR$291,860 Same NTEE code T22, revenue within 2x, similar name
MANNION FAMILY FOUNDATIONMAT22 $7,793,736$32,476 TRUSTEE$0 Same NTEE code T22, revenue within 2x, similar name
BMS FAMILY FOUNDATIONNYT22 $6,458,313$12,314,729 PRESIDENT & TREASURER$0 Same NTEE code T22, revenue within 2x, similar name
SADLER FAMILY FOUNDATIONTXT22 $5,916,247$4,348,737 Vice President$97,045 Same NTEE code T22, revenue within 2x, similar name
SUNDELL FAMILY FOUNDATIONNYT22 $8,500,000$9,500,000 PRESIDENT/SECRETARY$0 Same NTEE code T22, revenue within 2x, similar name
MOTT FAMILY FOUNDATIONMTT22 $5,861,862$256,352 TRUSTEE$0 Same NTEE code T22, revenue within 2x, similar name
YOUNG FAMILY FOUNDATIONMIT22 $5,545,666$1,021,066 DIRECTOR & PRESIDENT$0 Same NTEE code T22, revenue within 2x, similar name
BUDD FAMILY FOUNDATIONTXT22 $6,759,596$1,438,536 CHAIRMAN$0 Same NTEE code T22, revenue within 2x, similar name
ZINK FAMILY FOUNDATIONOKT22 $6,883,160$3,050,777 Trustee$0 Same NTEE code T22, revenue within 2x, similar name
BLAU FAMILY FOUNDATIONNYT22 $5,003,164$39 TRUSTEE$0 Same NTEE code T22, revenue within 2x, similar name
HOWE FAMILY FOUNDATIONOHT22 $4,716,180$4,331,575 PRESIDENT$0 Same NTEE code T22, revenue within 2x, similar name

Who funds organizations like this

Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).

GrantorTotal givenGrantsOrganizations fundedTypeYearsWhich ones
ESB CHARITABLE FOUNDATION $10,000,0004 1Private foundation2021–2024 RAMSAY FAMILY FOUNDATION
JAMES & LISA LILLIE CHARITABLE $2,898,4532 1Private foundation2017–2017 LILLIE FAMILY FOUNDATION
KRESGE FOUNDATION $2,800,0006 1Private foundation2016–2021 DE BEAUMONT FOUNDATION INC
W K KELLOGG FOUNDATION $2,650,00010 1Private foundation2016–2021 DE BEAUMONT FOUNDATION INC
THE COLORADO HEALTH FOUNDATION $2,000,0003 1Private foundation2014–2017 DE BEAUMONT FOUNDATION INC
THE LOUIS W FOSTER AND GLADYCE L $1,255,3342 1Private foundation2015–2016 THE FOSTER FAMILY FOUNDATION
CALIFORNIA PHYSICIANS SERVICE FOUNDATION $1,100,0003 1Private foundation2019–2021 DE BEAUMONT FOUNDATION INC
BLUECROSS BLUESHIELD OF SOUTH CAROLINA FOUNDATION $400,0002 1Private foundation2020–2021 DE BEAUMONT FOUNDATION INC
COMMUNITIES FOUNDATION OF TEXAS $300,0002 1DAF sponsor2019–2020 DE BEAUMONT FOUNDATION INC
BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA FOUNDATION $200,0001 1Private foundation2020–2020 DE BEAUMONT FOUNDATION INC
MID-IOWA HEALTH FOUNDATION $155,0002 1Private foundation2017–2018 DE BEAUMONT FOUNDATION INC
THE PRUET FOUNDATION $40,0001 1Private foundation2018–2018 MANNING FAMILY FOUNDATION
COMMUNITY FOUNDATION OF FREDERICK COUNTY MARYLAND INCORPORATED $7,9001 1DAF sponsor2021–2021 AUSHERMAN FAMILY FOUNDATION INC

The full list · all similar organizations

Where the money went

Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

2024 · Form 990PF · $20,227,246 spent · pay $240,000 · grants $18,984,201 · events $2,792
LineAs describedTotalShare
Contributions, gifts, grants paid $18,984,201 93.9%
Other expenses $819,702 4.1%
Other salaries and wages $240,000 1.2%
Taxes $132,547 0.7%
Fees: accounting $36,955 0.2%
Occupancy $11,049 0.1%
Travel, conferences and meetings $2,792 0.0%
Total$20,227,246100%

View the filing

2023 · Form 990PF · $19,793,246 spent · pay $183,333 · grants $19,300,289 · events $9,408
LineAs describedTotalShare
Contributions, gifts, grants paid $19,300,289 97.5%
Other expenses $229,600 1.2%
Other salaries and wages $183,333 0.9%
Taxes $48,508 0.2%
Fees: accounting $15,835 0.1%
Travel, conferences and meetings $9,408 0.0%
Fees: legal $6,273 0.0%
Total$19,793,246100%

View the filing

2022 · Form 990PF · $13,507,926 spent · pay $130,000 · grants $13,104,796 · events $108
LineAs describedTotalShare
Contributions, gifts, grants paid $13,104,796 97.0%
Other expenses $144,137 1.1%
Other salaries and wages $130,000 1.0%
Taxes $92,035 0.7%
Fees: other professional $30,000 0.2%
Fees: accounting $6,850 0.1%
Travel, conferences and meetings $108 0.0%
Total$13,507,926100%

View the filing

2021 · Form 990PF · $5,938,364 spent · pay $0 · grants $5,410,664 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $5,410,664 91.1%
Taxes $452,550 7.6%
Fees: other professional $75,000 1.3%
Other expenses $150 0.0%
Total$5,938,364100%

View the filing

2020 · Form 990PF · $3,921,481 spent · pay $0 · grants $3,783,478 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $3,783,478 96.5%
Taxes $101,928 2.6%
Fees: other professional $36,000 0.9%
Other expenses $75 0.0%
Total$3,921,481100%

View the filing

2018 · Form 990PF · $3,870,024 spent · pay $0 · grants $3,854,279 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $3,854,279 99.6%
Taxes $7,945 0.2%
Other expenses $7,800 0.2%
Total$3,870,024100%

View the filing

2017 · Form 990PF · $3,431,223 spent · pay $0 · grants $3,419,508 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $3,419,508 99.7%
Other expenses $5,990 0.2%
Taxes $5,725 0.2%
Total$3,431,223100%

View the filing

2016 · Form 990PF · $2,993,265 spent · pay $0 · grants $2,984,300 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $2,984,300 99.7%
Other expenses $6,460 0.2%
Taxes $2,505 0.1%
Total$2,993,265100%

View the filing

2015 · Form 990PF · $2,876,306 spent · pay $0 · grants $2,860,925 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $2,860,925 99.5%
Other expenses $12,255 0.4%
Taxes $3,126 0.1%
Total$2,876,306100%

View the filing

2014 · Form 990PF · $2,397,516 spent · pay $0 · grants $2,358,015 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $2,358,015 98.4%
Taxes $24,456 1.0%
Other expenses $15,045 0.6%
Total$2,397,516100%

View the filing

Others with the same interests

NTEE code Private Independent Foundations, MD first:

More with this interest.

Interests: Private Independent Foundations · Philanthropy

The area Census

Baltimore cityBaltimore cityCensus Tract 2805

County outline, the place (blue), the tract (orange) and the ZIP center (dot).

In Census Tract 2805, Baltimore city, Maryland, place (city or town) Baltimore, MD, county Baltimore city, MD, state Maryland; placed by its ZIP code (county and tract) and city name (place). The tract is the tract holding most of the record's ZIP code (FURP does not geocode street addresses).

  • JOSHUA MICHAEL was paid $240,000, 3.9 times the median household income in Baltimore, MD ($62,177), where 19.7% of residents live in poverty.
  • Revenue of $6,023,024 is $11 per resident of Baltimore, MD (population 573,243).
  • That revenue equals 0.04% of all household income in Baltimore, MD (255,668 households at the median $62,177, about $15,896,669,236).
MeasureCensus tract
Census Tract 2805, Baltimore city, Maryland
Place (city or town)
Baltimore, MD
County
Baltimore city, MD
State
Maryland
Population B010032,492573,243573,2436,206,011
Population, 2020 census P11,941585,708585,7086,177,224
Median age B0100229.836.236.239.4
Under 18 B0100125.8%20.9%20.9%22.2%
65 and over B0100110.6%15.3%15.3%16.7%
Households B11001959255,668255,6682,362,928
Foreign born B050021.3%9.3%9.3%16.6%
Median household income B19013$19,150$62,177$62,177$103,678
Median family income B19113$20,714$76,243$76,243$127,817
Per capita income B19301$12,288$40,604$40,604$52,979
Poverty rate B1700166.5%19.7%19.7%9.4%
Unemployment rate B2302520.3%6.5%6.5%4.9%
Civilian labor force B23025698294,134294,1343,313,651
Mean commute (minutes) B0801331.129.129.131.1
Bachelor's degree or higher B150039.1%36.1%36.1%43.4%
Housing units B250011,101295,032295,0322,560,784
Owner-occupied B250035.9%47.5%47.5%67.6%
Renters B2500394.1%52.5%52.5%32.4%
Median home value B25077$160,500$229,600$229,600$419,900
Median gross rent B25064$509$1,331$1,331$1,705
White, not Hispanic B030024.3%26.0%26.0%46.6%
Black B0300291.6%58.5%58.5%28.9%
Hispanic or Latino B030020.0%8.2%8.2%12.5%
Asian B030020.2%2.6%2.6%6.5%
American Indian and Alaska Native B030020.0%0.2%0.2%0.1%

Data: IPUMS NHGIS (ACS 2020-2024 and the 2020 census); each figure links to its table for that area at data.census.gov. Records are placed by ZIP code and city name, not street address. More: everything FURP has in Census Tract 2805, Baltimore city, Maryland.

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