The Sherman Family Charitable Trust
- Assets
- $1.3m
- Revenue
- $122.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 04/1984
- Data as of
- 12/2022
- EIN
- 57-6100160
Organization Overview
The Sherman Family Charitable Trust is located in Charleston, SC. The organization was established in 1984. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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 Family Charitable Trust 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 12/2022, Sherman Family Charitable Trust generated $122.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $114.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sherman Family Charitable Trust has awarded 91 individual grants totaling $432,647. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard B Sherman Trustee | 2 | $10,000 | |
Ivan M Sherman Trustee | 2 | $10,000 | |
Mitchell L Sherman Trustee | 2 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $126 |
| Dividends & Interest | $48,618 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,214 |
| Capital Gain Net Income | $73,214 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $121,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,684 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5 |
| Total operating and administrative expenses | $49,583 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $114,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,529 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,329,615 |
| 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, The Sherman Family Charitable Trust has awarded $65,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CASA JOJO FOUNDATION PURPOSE: UNRESTRICTED PROGRAM SUPPORT | $5,000 |
ADDLESTONE HEBREW ACADEMY PURPOSE: UNRESTRICTED PROGRAM SUPPORT | $5,000 |
FORUM FOR EQUALITY FOUNDATION PURPOSE: UNRESTRICTED PROGRAM SUPPORT | $5,000 |
JEWISH CHILDREN'S REGIONAL SERVICES PURPOSE: UNRESTRICTED PROGRAM SUPPORT | $5,000 |
JEWISH ENDOWNMENT FOUNDATION OF NEW ORLEANS PURPOSE: UNRESTRICTED PROGRAM SUPPORT | $5,000 |
JEWISH FAMILY SERVICE OF NEW ORLEANS PURPOSE: UNRESTRICTED PROGRAM SUPPORT | $5,000 |