Sherman Fairchild Foundation Inc
- Assets
- $608.8m
- Revenue
- $70.4m
- Investments
- $557.2m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 01/1957
- Data as of
- 12/2020
- EIN
- 13-1951698
Organization Overview
Sherman Fairchild Foundation Inc is located in Chevy Chase, MD. The organization was established in 1957. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherman Fairchild Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Sherman Fairchild Foundation Inc generated $70.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $40.6m during the year ending 12/2020. While expenses have increased by 9.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sherman Fairchild Foundation Inc has awarded 330 individual grants totaling $143,339,433. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Himmelman President/director | 0 | $530,400 | |
Walter F Burke III Chief Invest. Officer/chairman | 0 | $478,400 | |
Jeff Himmelman Vice President/director | 0 | $225,000 | |
Julie Mclean Treasurer | 0 | $220,480 | |
Heather Barry Staff | 0 | $145,000 | |
Pat Wallies Staff | 40 | $111,457 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bdo Usallp | 12/30/21 | $182,147 |
Bdo Usa Llp | 12/30/21 | $0 |
Barbara Beltz | 12/30/21 | $0 |
Barbara Beltz | 12/30/21 | $88,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $122,281 |
| Dividends & Interest | $3,017,530 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,849,985 |
| Capital Gain Net Income | $65,763,274 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,447,397 |
| Total Revenue | $70,437,193 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,559,300 |
| Other employee salaries and wages | $245,512 |
| Pension plans, employee benefits | $378,867 |
| Interest | $0 |
| Taxes | $74,218 |
| Depreciation | $4,739 |
| Occupancy | $104,275 |
| Travel, conferences, and meetings | $50,575 |
| Printing and publications | $2,914 |
| Other expenses | $179,357 |
| Total operating and administrative expenses | $5,101,190 |
| Contributions, gifts, grants paid | $35,542,574 |
| Total expenses and disbursements | $40,643,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,558,556 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $473,013,340 |
| Net Land, buildings, and equipment | $12,743 |
| Other assets | $0 |
| Total assets | $608,781,139 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sherman Fairchild Foundation Inc has awarded $81,769,594 in support to 195 organizations.
| Grant Recipient | Amount |
|---|---|
Pasadena, CA PURPOSE: CENTER FOR QUANTUM PRECISION MEASUREMENT | $20,000,000 |
Pasadena, CA PURPOSE: CENTER FOR QUANTUM PRECISION MEASUREMENT | $15,000,000 |
Granville, OH PURPOSE: STRATEGIC PLAN FUNDING | $5,000,000 |
YALE UNIVERSITY PURPOSE: LIVING VILLAGE | $4,000,000 |
YALE UNIVERSITY PURPOSE: LIVING VILLAGE | $4,000,000 |
CORPORATION OF THE FINE ARTS MUSEUMS PURPOSE: ARTS, DIVERSITY AND TECHNOLOGY INITIATIVE | $2,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Morris And Gwendolyn Cafritz Foundation Washington, DC | $0 | $65,532,545 |
Longwood Foundation Inc Wilmington, DE | $0 | $53,076,926 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |
Illumina Corporate Foundation Wilmington, DE | $8,163,072 | $7,329,761 |