Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
THE SCHERMAN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)16 EAST 52ND ST 601
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100225306
A Employer identification number

13-6098464
B Telephone number (see instructions)

(212) 832-3086
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$128,246,000J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 26 26  
4 Dividends and interest from securities... 2,343,277 2,343,031  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 546,132
b Gross sales price for all assets on line 6a 99,679
7 Capital gain net income (from Part IV, line 2)... 531,271
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-1,587,057 -1,582,610  
12 Total. Add lines 1 through 11........ 1,302,378 1,291,718  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 302,375 60,475   241,900
14 Other employee salaries and wages...... 377,818 24,090   353,728
15 Pension plans, employee benefits....... 264,665 33,354   231,311
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
750 0   750
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,050 0   50,050
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
307,035 144,000   163,035
17 Interest............... 132,319 130,496   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
324,449 116,223   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 145,684 18,360   127,324
21 Travel, conferences, and meetings....... 18,953 6,031   12,922
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
770,708 688,217   67,040
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,694,806 1,221,246   1,248,060
25 Contributions, gifts, grants paid....... 6,688,060 6,688,060
26 Total expenses and disbursements. Add lines 24 and 25 9,382,866 1,221,246   7,936,120
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,080,488
b Net investment income (if negative, enter -0-) 70,472
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,290,870 265,621 265,621
2 Savings and temporary cash investments......... 7,144,021 1,684,844 1,684,844
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 108,281,415 Click to see attachment
List of Attached Documents:
// Content
106,685,353 		126,295,535
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 116,716,306 108,635,818 128,246,000
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 116,716,306 108,635,818
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 116,716,306 108,635,818
30 Total liabilities and net assets/fund balances (see instructions). 116,716,306 108,635,818
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
116,716,306
2
Enter amount from Part I, line 27a .....................
2
-8,080,488
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
108,635,818
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
108,635,818
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a GQG PARTNERS GLOBAL EQUITY FUND P    
b AXIOM GLOBAL EQUITY FUND P    
c RYDER COURT GLOBAL EMERGING OPPORTUNITIES FUND P    
d SOMERSET SMALL MID CAP EM ALL COUNTRY FUND LLC P    
e WELLINGTON CTF EMERGING MARKETS OPPORTUNITIES PORTFOLIO P    
ACCOLADE PARTNERS VII, L.P. P    
ACCOLADE PARTNERS GROWTH I, L.P. P    
STONERIDGE REINSURANCE RISK PREM INTVL P    
DOUBLELINE MORTGAGE OPPORTUNITIES P    
BENEFIT STREET PARTNERS P    
ACCOLADE PARTNERS VI, L.P. P    
DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. P    
ANCHORAGE CAPITAL PARTNERS OFFSHORE, LTD. P    
AETHER REAL ASSETS II, L.P. P    
MERCED PARTNERS IV, L.P. P    
LL MORTGAGE FUND, L.P. P    
ACCOLADE PARTNERS V, L.P. P    
ACCOLADE PARTNERS VIII, L.P. P    
ACCOLADE PARTNERS GROWTH II, L.P. P    
WELLINGTON GLOBAL RESEARCH EQUITY EXTENDED FUND, L.P. P    
OAKMARK SELECT FUND P    
RESPONSIFUND CORE EQUITY FUND P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       -245,119
b       385,716
c       -238,270
d       -162,679
e       -313,975
      22,518
      25,803
      -9,253
      24,471
      1,608
      32,460
      84,310
      463,260
      -15,620
      4,694
      -11,380
      201,092
      1,266
      -7
      -313,190
      494,615
      -728
99,679     99,679
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -245,119
b       385,716
c       -238,270
d       -162,679
e       -313,975
      22,518
      25,803
      -9,253
      24,471
      1,608
      32,460
      84,310
      463,260
      -15,620
      4,694
      -11,380
      201,092
      1,266
      -7
      -313,190
      494,615
      -728
      99,679
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 531,271
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 980
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 980
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 980
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 100,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 39,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 139,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 7
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 138,013
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow138,013 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.SCHERMAN.ORG
14
The books are in care ofright arrowCATHERINE PORTER Telephone no.right arrow (212) 832-3086

Located atright arrow16 EAST 52ND ST STE 601NEW YORKNY ZIP+4right arrow100225306
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
RINI BANERJEE DIRECTOR, TREASURER
2.00 		0 0 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
AMY BERGTOLD DIRECTOR
2.00 		0 0 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
HILLARY BROWN DIRECTOR-RESIGNED JANUARY 2022
2.00 		0 0 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
MIRIAM BUHL ESQ DIRECTOR
2.00 		0 0 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
STEVEN K CHOI DIRECTOR
2.00 		0 0 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
MILES S RAPOPORT DIRECTOR
2.00 		0 0 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
MARIANNA SCHAFFER DIR, BOARD CHAIR
2.00 		0 0 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
DR PETER K SOLLINS DIRECTOR, SECRETARY
2.00 		0 0 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
MITCHELL C PRATT PRESIDENT & CEO
40.00 		302,375 81,717 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
GISELA ALVAREZ PROGRAM DIRECTOR
40.00 		169,167 25,888 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
CATHERINE PORTER DIRECTOR OF OPERATIO
40.00 		120,711 55,733 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
NAICHE PARKER GRANTS & COMMUNICATI
40.00 		87,940 31,497 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
CAMBRIDGE ASSOCIATES LLC INVESTMENT ADVISORY FEES 144,000
125 HIGH STREET
BOSTON,MA02110
JUSTICE ASSOCIATES LLC DEI CONSULTANTS 119,000
325 CLINTON AVENUE 14C
BROOKLYN,NY11205
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
132,773,791
b
Average of monthly cash balances.......................
1b
4,872,034
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
137,645,825
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
137,645,825
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,064,687
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
135,581,138
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,779,057
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
6,779,057
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
980
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
980
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,778,077
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
6,778,077
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
6,778,077
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
7,936,120
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
7,936,120
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 6,778,077
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 209,445
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 7,936,120
a Applied to 2021, but not more than line 2a 209,445
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 6,778,077
e Remaining amount distributed out of corpus 948,598
5 Excess distributions carryover applied to 2022. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 948,598
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		948,598
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022.... 948,598
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
SAMI STERN
16 E 52ND ST STE 601
NEW YORK,NY10022
(212) 832-3086
INFO@SCHERMAN.ORG
bThe form in which applications should be submitted and information and materials they should include:
PLEASE SEE OUR GRANT GUIDELINES ON OUR WEBSITE - HTTPS://WWW.SCHERMAN.ORG/HOW-TO-APPLY
cAny submission deadlines:
CORE FUND LOIS ARE ACCEPTED ON A ROLLING BASIS AND REVIEWED QUARTERLY
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
PLEASE SEE OUR GRANT GUIDELINES ON OUR WEBSITE - HTTPS://WWW.SCHERMAN.ORG/HOW-TO-APPLY
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ABRONS ARTS CENTERHENRY STREET SETTLEMENT

265 HENRY STREET
NEW YORK,NY10002 		N/A PC GENERAL OPERATING SUPPORT 40,000

ADVOCATES FOR CHILDREN OF NEW YORK

151 WEST 30TH STREET 5TH FLOOR
NEW YORK,NY10001 		N/A PC GENERAL OPERATING SUPPORT 250

ADVOCATES FOR CHILDREN OF NEW YORK

151 WEST 30TH STREET 5TH FLOOR
NEW YORK,NY10001 		N/A PC GENERAL OPERATING SUPPORT 250

AFRICAN COMMUNITIES TOGETHER

127 WEST 127TH STREET SUITE 221
NEW YORK,NY10027 		N/A PC GENERAL OPERATING SUPPORT 60,000

ALIGN

50 BROADWAY 29TH FLOOR
NEW YORK,NY10004 		N/A PC GENERAL OPERATING SUPPORT 105,000

ALLIANCE FOR QUALITY EDUCATION INC CO PPEF

94 CENTRAL AVE
ALBANY,NY122063002 		N/A PC GENERAL OPERATING SUPPORT 100,000

ASSOCIATION FOR NEIGHBORHOOD & HOUSING DEVELOPMENT (ANHD)

50 BROAD STREET STE 1402
NEW YORK,NY10004 		N/A PC GENERAL OPERATING SUPPORT 100,000

BIODIVERSITY FUNDERS GROUP

PO BOX 29361
SAN FRANCISCO,CA94129 		N/A PC GENERAL OPERATING SUPPORT 2,000

BOLD FUTURES

309 GOLD AVE SW
ALBUQUERQUE,NM87102 		N/A PC GENERAL OPERATING SUPPORT 60,000

BRANDWORKERS

PO BOX 1257
LONG ISLAND CITY,NY11101 		N/A PC GENERAL OPERATING SUPPORT 60,000

BRIC

647 FULTON ST
BROOKLYN,NY11217 		N/A PC GENERAL OPERATING SUPPORT 40,000

BROOKLYN ACADEMY OF MUSIC INC

30 LAFAYETTE AVENUE
BROOKLYN,NY11217 		N/A PC GENERAL OPERATING SUPPORT 60,000

BROOKLYN ACADEMY OF MUSIC INC

30 LAFAYETTE AVENUE
BROOKLYN,NY11217 		N/A PC GENERAL OPERATING SUPPORT 2,500

BROOKLYN ARTS COUNCIL

20 JAY STREET SUITE 616
BROOKLYN,NY11201 		N/A PC GENERAL OPERATING SUPPORT 50,000

BROOKLYN ARTS EXCHANGE INC (BAX)

421 FIFTH AVENUE
BROOKLYN,NY11215 		N/A PC GENERAL OPERATING SUPPORT 40,000

BROOKLYN PUBLIC LIBRARY

10 GRAND ARMY PLAZA
BROOKLYN,NY11238 		N/A PC GENERAL OPERATING SUPPORT 191

BROOKLYN TECH HIGH SCHOOL PARENT ASSOC

29 FORT GREENE PLACE
BROOKLYN,NY11217 		N/A PC GENERAL OPERATING SUPPORT 500

CALIFORNIA LATINAS FOR REPRODUCTIVE JUSTICE

PO BOX 861766
LOS ANGELES,CA90086 		N/A PC GENERAL OPERATING SUPPORT 50,000

CANDID

32 OLD SLIP 24TH FLOOR
NEW YORK,NY10005 		N/A PC GENERAL OPERATING SUPPORT 6,000

CENTER FOR FAMILY LIFE IN SUNSET PARK

443 39TH STREET
BROOKLYN,NY11232 		N/A PC GENERAL OPERATING SUPPORT 206

CENTER FOR FAMILY LIFE IN SUNSET PARK

443 39TH STREET
BROOKLYN,NY11232 		N/A PC GENERAL OPERATING SUPPORT 250

CENTER FOR FAMILY REPRESENTATION

40 WORTH STREET SUITE 605
NEW YORK,NY10013 		N/A PC GENERAL OPERATING SUPPORT 150

CENTER FOR REPRODUCTIVE RIGHTS

199 WATER STREET 22ND FLOOR
NEW YORK,NY10038 		N/A PC GENERAL OPERATING SUPPORT 30,000

CHESAPEAKE CLIMATE ACTION NETWORK

PO BOX 11138
TAKOMA PARK,MD20913 		N/A PC GENERAL OPERATING SUPPORT 60,000

COMMUNITIES RESIST

434 SOUTH 5TH STREET
BROOKLYN,NY11211 		N/A PC FAIR HOUSING ENFORCEMENT AND EDUCATION PROJECT 60,000

COMMUNITY CONNECTIONS FOR YOUTH

369 EAST 149TH STREET 7TH FLOOR
BRONX,NY10455 		N/A PC GENERAL OPERATING SUPPORT 50,000

COMMUNITY FUNDS INC (THE NEW YORK COMMUNITY TRUST)

909 THIRD AVENUE 22ND FLOOR
NEW YORK,NY10022 		N/A PC GOVOTENYC (AKA NYC VOTER TURNOUT) FUND 50,000

CONNECTICUT CITIZEN RESEARCH GROUP INC

30 ARBOR STREET UNIT 107
HARTFORD,CT06106 		N/A PC GENERAL OPERATING SUPPORT 5,000

CREATIVE ARTS WORKSHOP

520 8TH AVENUE SUITE 201A
NEW YORK,NY10018 		N/A PC GENERAL OPERATING SUPPORT 3,300

DEMOS

80 BROAD STREET 4TH FLOOR
NEW YORK,NY10004 		N/A PC GENERAL OPERATING SUPPORT 100,000

EARTHJUSTICE

50 CALIFORNIA STREET SUITE 500
SAN FRANCISCO,CA94111 		N/A PC MOVING TOWARDS CLIMATE JUSTICE IN NY 60,000

EARTHWORKS

1612 K STREET NW SUITE 904
WASHINGTON,DC20006 		N/A PC MAKING CLEAN ENERGY CLEAN CAMPAIGN 50,000

ENVIRONMENTAL ADVOCATES OF NEW YORK

353 HAMILTON STREET
ALBANY,NY12210 		N/A PC GENERAL OPERATING SUPPORT 1,000

ENVIRONMENTAL GRANTMAKERS ASSOCIATION (EGA)

475 RIVERSIDE DRIVE SUITE 960
NEW YORK,NY10115 		N/A PC GENERAL OPERATING SUPPORT 7,176

FIFTH AVENUE COMMITTEE

621 DEGRAW ST
BROOKLYN,NY11217 		N/A PC GENERAL OPERATING SUPPORT 40,000

FORWARD TOGETHER

300 FRANK H OGAWA PLAZA SUITE 700
OAKLAND,CA94612 		N/A PC GENERAL OPERATING SUPPORT 50,000

FRIENDS OF THE EARTH

1101 15TH STREET NW 11TH FLOOR
WASHINGTON,DC20005 		N/A PC CLIMATE AND ENERGY WORK WITH EJ COMMUNITIES 50,000

FUNDERS FOR REPRODUCTIVE EQUITY

PO BOX 750
ROCKVILLE,MD208480750 		N/A PC GENERAL OPERATING SUPPORT 5,280

GIVEDIRECTLY INC

PO BOX 3221
NEW YORK,NY10008 		N/A PC GENERAL OPERATING SUPPORT 2,500

GOVERNMENT ACCOUNTABILITY PROJECT

1612 K STREET NW SUITE 1100
WASHINGTON,DC20006 		N/A PC GENERAL OPERATING SUPPORT 50,000

GRANTMAKERS IN THE ARTS

522 COURTLANDT AVENUE 1ST FLOOR
BRONX,NY10451 		N/A PC GENERAL OPERATING SUPPORT 550

GREAT SMALL WORKS

315 WEST 86TH STREET 4E
NEW YORK,NY10024 		N/A PC GENERAL OPERATING SUPPORT 30,000

HI-ARTS

215 EAST 99TH STREET
NEW YORK,NY10029 		N/A PC GENERAL OPERATING SUPPORT 50,000

HOME FOR CONTEMPORARY THEATRE & ART (DBA HERE)

145 SIXTH AVENUE
NEW YORK,NY10013 		N/A PC GENERAL OPERATING SUPPORT 800

IN OUR OWN VOICE NATIONAL BLACK WOMEN'S REPRODUCTIVE JUSTICE AGENDA

601 13TH STREET SUITE 650N
WASHINGTON,DC20005 		N/A PC GENERAL OPERATING SUPPORT 50,000

IN OUR OWN VOICE NATIONAL BLACK WOMEN'S REPRODUCTIVE JUSTICE AGENDA

601 13TH STREET SUITE 650N
WASHINGTON,DC20005 		N/A PC I AM A VOTER 200,000

INDIGENOUS ENVIRONMENTAL NETWORK

PO BOX 485
BEMIDJI,MN56619 		N/A PC GENERAL OPERATING SUPPORT 22,500

INDIGENOUS ENVIRONMENTAL NETWORK

PO BOX 485
BEMIDJI,MN56619 		N/A PC ENERGY AND CLIMATE JUSTICE CAMPAIGNS 75,000

JUSTICE COMMITTEE INC

3440 79TH STREET 3G
JACKSON HEIGHTS,NY11372 		N/A PC GENERAL OPERATING SUPPORT 30,000

KENTUCKY COALITION

PO BOX 1450
LONDON,KY40743 		N/A PC NEW ENERGY AND TRANSITION PROJECT 75,000

LATINOJUSTICE PRLDEF

475 RIVERSIDE DRIVE SUITE 1901
NEW YORK,NY10115 		N/A PC GENERAL OPERATING SUPPORT 100,000

LAWYERS ALLIANCE OF NEW YORK

171 MADISON AVENUE 9TH FLOOR
NEW YORK,NY10016 		N/A PC GENERAL OPERATING SUPPORT 40,000

LEAGUE OF CONSERVATION VOTERS EDUCATION FUND

740 15TH STREET NW SUITE 700
WASHINGTON,DC20005 		N/A PC CHISPA PROGRAM 60,000

LEAP INC

621 DEGRAW ST
BROOKLYN,NY11217 		N/A PC GENERAL OPERATING SUPPORT 57

LONG ISLAND PROGRESSIVE COALITION

90 PENNSYLVANIA AVENUE
MASSAPEQUA,NY11758 		N/A PC GENERAL OPERATING SUPPORT 60,000

LOUISIANA BUCKET BRIGADE

3416B CANAL STREET
NEW ORLEANS,LA70119 		N/A PC GENERAL OPERATING SUPPORT 50,000

LYNC COMMUNITY ORGANIZATION

260 CARTER AVENUE
NEWBURGH,NY12550 		N/A PC GENERAL OPERATING SUPPORT 10,000

MAKE THE ROAD NEW YORK

301 GROVE STREET
BROOKLYN,NY11237 		N/A PC GENERAL OPERATING SUPPORT 75,000

MANHATTAN GRAPHICS CENTER

250 WEST 40TH STREET 5TH FLOOR
NEW YORK,NY100181764 		N/A PC GENERAL OPERATING SUPPORT 20,000

MARBLE HILL NURSERY

5470 BROADWAY
BRONX,NY10463 		N/A PC GENERAL OPERATING SUPPORT 3,300

MEDICAL STUDENTS FOR CHOICE

PO BOX 40935
PHILADELPHIA,PA19107 		N/A PC GENERAL OPERATING SUPPORT 60,000

MINKWON CENTER FOR COMMUNITY ACTION

13329 41ST AVE 202
FLUSHING,NY11355 		N/A PC GENERAL OPERATING SUPPORT 60,000

MORNINGSIDE CTR FOR TEACHING SOCIAL RESP

475 RIVERSIDE DRIVE 550
NEW YORK,NY10115 		N/A PC GENERAL OPERATING SUPPORT 250

NATIONAL ASIAN PACIFIC AMERICAN WOMEN'S FORUM

PO BOX 13255
CHICAGO,IL60613 		N/A PC GENERAL OPERATING SUPPORT 60,000

NATIONAL ASIAN PACIFIC AMERICAN WOMEN'S FORUM

PO BOX 13255
CHICAGO,IL60613 		N/A PC GENERAL OPERATING SUPPORT 20,000

NATIONAL BLACK THEATRE WORKSHOP INC

2031 FIFTH AVENUE NATIONAL BLACK
THEATRE WAY
NEW YORK,NY10035 		N/A PC GENERAL OPERATING SUPPORT 50,000

NATIONAL COMMITTEE FOR RESPONSIVE PHILANTHROPY

1900 L STREET NW 825
WASHINGTON,DC20036 		N/A PC GENERAL OPERATING SUPPORT 15,000

NATIONAL PARTNERSHIP FOR NEW AMERICANS

1805 S ASHLAND AVE
CHICAGO,IL60608 		N/A PC CLIMATE JUSTICE COLLABORATIVE 150,000

NATIONAL PEOPLE'S ACTION (AKA PEOPLE'S ACTION INSTITUTE)

810 N MILWAUKEE AVE
CHICAGO,IL60642 		N/A PC JUST AND CLEAN ENERGY CAMPAIGN 100,000

NEIGHBORHOOD FUNDERS GROUP

548 MARKET STREET 96531
SAN FRANCISCO,CA941045401 		N/A PC GENERAL OPERATING SUPPORT 3,000

NEW ALTERNATIVES FOR LGBT HOMELESS YOUTH

410 WEST 40TH STREET
NEW YORK,NY10018 		N/A PC GENERAL OPERATING SUPPORT 3,300

NEW SETTLEMENT APARTMENTS

1512 TOWNSEND AVENUE GROUND FLOOR
BRONX,NY10452 		N/A PC COMMUNITY ACTION FOR SAFE APARTMENTS (CASA) 75,000

NEW VENTURE FUND

1201 CONNECTICUT AVENUE NW SUITE
300
WASHINGTON,DC20036 		N/A PC GENERAL OPERATING SUPPORT 400

NEW VOICES FOR REPRODUCTIVE JUSTICE

5987 BROAD STREET SUITE 205
PITTSBURGH,PA15206 		N/A PC GENERAL OPERATING SUPPORT 30,000

NEW YORK CITY CLIMBING COLLECTIVE

1641 3RD AVENUE 18J
NEW YORK,NY10128 		N/A PC GENERAL OPERATING SUPPORT 2,500

NEW YORK CITY ENVIRONMENTAL JUSTICE ALLIANCE

462 36TH STREET SUITE 3F
BROOKLYN,NY11232 		N/A PC GENERAL OPERATING SUPPORT 100,000

NEW YORK FESTIVAL OF SONG INC

209 WEST 29TH STREET 6108
NEW YORK,NY10001 		N/A PC GENERAL OPERATING SUPPORT 10,000

NEW YORK FOUNDATION FOR THE ARTS

20 JAY STREET SUITE 740
BROOKLYN,NY11201 		N/A PC GENERAL OPERATING SUPPORT 50,000

NEW YORK FOUNDATION

150 WEST 30TH STREET SUITE 1401
NEW YORK,NY10001 		N/A PF YOUTH ORGANIZING & CULTURE CHANGE FUND 150,000

NEW YORK FOUNDATION

150 WEST 30TH STREET SUITE 1401
NEW YORK,NY10001 		N/A PF NEIGHBORHOODS FIRST FUND 150,000

NEW YORK FOUNDATION

150 WEST 30TH STREET SUITE 1401
NEW YORK,NY10001 		N/A PF ENGAGENY/RACIAL EQUITY POOLED FUND 150,000

NEW YORK FOUNDATION

150 WEST 30TH STREET SUITE 1401
NEW YORK,NY10001 		N/A PF NYC CAPACITY BUILDING COLLABORATIVE 10,000

NEW YORK LIVE ARTS INC

219 WEST 19TH STREET
NEW YORK,NY10011 		N/A PC GENERAL OPERATING SUPPORT 50,000

NEW YORKERS FOR CULTURE AND ARTS

160 SIXTH AVENUE 2
NEW YORK,NY10013 		N/A PC GENERAL OPERATING SUPPORT 150

NONPROFIT NEW YORK

320 EAST 43RD STREET 3RD FLOOR
NEW YORK,NY10017 		N/A PC GENERAL OPERATING SUPPORT 4,000

NORTH STAR FUND

520 8TH AVENUE SUITE 1800
NEW YORK,NY10018 		N/A PC COMMUNITIES UNITED FOR POLICE REFORM 60,000

NORTHWEST BRONX COMMUNITY AND CLERGY COALITION

103 EAST 196TH STREET
BRONX,NY10468 		N/A PC GENERAL OPERATING SUPPORT 60,000

NORTHWEST BRONX COMMUNITY AND CLERGY COALITION

103 EAST 196TH STREET
BRONX,NY10468 		N/A PC BRONX-WIDE COALITION 150,000

NYS TENANTS & NEIGHBORS

255 WEST 36TH STREET SUITE 505
NEW YORK,NY10018 		N/A PC GENERAL OPERATING SUPPORT 50,000

PARENT-TEACHER ASSOCIATION OF PSMS 278

421 WEST 219TH STREET
NEW YORK,NY10034 		N/A PC GENERAL OPERATING SUPPORT 2,500

PAUL J AICHER FOUNDATION

75 CHARTER OAK AVENUE SUITE 2-300
HARTFORD,CT06106 		N/A PC GENERAL OPERATING SUPPORT 5,000

PENNSYLVANIA VOICE

123 S BROAD STREET STE 630
PHILADELPHIA,PA19109 		N/A PC GENERAL OPERATING SUPPORT 75,000

PEOPLE IN NEED

964 CONEY ISLAND AVENUE
BROOKLYN,NY11230 		N/A PC GENERAL OPERATING SUPPORT 2,500

PHILANTHROPY NEW YORK

320 EAST 43RD STREET
NEW YORK,NY10017 		N/A PC GENERAL OPERATING SUPPORT 11,800

PLAYWRIGHTS HORIZONS

416 WEST 42ND STREET
NEW YORK,NY10036 		N/A PC GENERAL OPERATING SUPPORT 50,000

POWER (PHILADELPHIANS ORGANIZED TO WITNESS EMPOWER & REBUILD)

1429 N 11TH ST
PHILADELPHIA,PA19122 		N/A PC GENERAL OPERATING SUPPORT 60,000

PRATT CENTER FOR COMMUNITY DEVELOPMENT

200 WILLOUGHBY AVENUE
BROOKLYN,NY11205 		N/A PC GENERAL OPERATING SUPPORT 100,000

PRATT INSTITUTE

200 WILLOUGHBY
BROOKLYN,NY11205 		N/A PC GENERAL OPERATING SUPPORT 5,000

PRATT INSTITUTE

200 WILLOUGHBY
BROOKLYN,NY11205 		N/A PC GENERAL OPERATING SUPPORT 6,000

PREGONES THEATER PUERTO RICAN TRAVELING THEATER

571-575 WALTON AVENUE
BRONX,NY10451 		N/A PC GENERAL OPERATING SUPPORT 50,000

PROGEORGIA STATE TABLE

151 ELLIS ST NE FL 1
ATLANTA,GA303032437 		N/A PC GENERAL OPERATING SUPPORT 75,000

PROGRESSIVE MULTIPLIER FUND

1802 VERNON STREET NW 1122
WASHINGTON,DC20009 		N/A PC REPRODUCTIVE JUSTICE COHORT 250,000

PROJECT ON GOVERNMENT OVERSIGHT

1100 G STREET NW SUITE 500
WASHINGTON,DC20005 		N/A PC GENERAL OPERATING SUPPORT 40,000

PTA OF MIDDLE SCHOOL 88

544 7TH AVENUE
BROOKLYN,NY11215 		N/A PC GENERAL OPERATING SUPPORT 500

SISTERSONG WOMEN OF COLOR REPRODUCTIVE JUSTICE COLLECTIVE

1237 RALPH DAVID ABERNATHY BLVD SW
ATLANTA,GA30310 		N/A PC GENERAL OPERATING SUPPORT 100,000

SKOWHEGAN SCHOOL OF PAINTING & SCULPTURE

136 WEST 22ND STREET ATTN DEVELOPME
T OFFICE
NEW YORK,NY10011 		N/A PC GENERAL OPERATING SUPPORT 2,500

SOCIAL GOOD FUND

6641 AQUA VISTA COURT
RICHMOND,CA94805 		N/A PC UNITED FRONTLINE TABLE 100,000

ST ANN'S WAREHOUSE

45 WATER STREET
BROOKLYN,NY11201 		N/A PC LITTLE AMAL 30,000

STAND

548 MARKET STREET SUITE 74196
SAN FRANCISCO,CA94104 		N/A PC GENERAL OPERATING SUPPORT 50,000

STATE VOICES

1616 P STREET NW SUITE 220
WASHINGTON,DC20036 		N/A PC GENERAL OPERATING SUPPORT 150,000

SYRACUSE UNIVERSITY

211 LYMAN HALL
SYRACUSE,NY13244 		N/A PC TRANSATLANTIC RECORDS ACCESS CLEARINGHOUSE (TRAC) 30,000

TAXPAYERS FOR COMMON SENSE

651 PENNSYLVANIA AVE SE
WASHINGTON,DC20003 		N/A PC GENERAL OPERATING SUPPORT 40,000

THE ADVOCACY INSTITUTE

539 ATLANTIC AVENUE 170457
BROOKLYN,NY11217 		N/A PC GENERAL OPERATING SUPPORT 100,000

THE BRONX MUSEUM OF THE ARTS

1040 GRAND CONCOURSE
BRONX,NY10456 		N/A PC GENERAL OPERATING SUPPORT 40,000

THE CRANE INSTITUTE OF SUSTAINABILITY INC

1 ELM ST
MANCHESTER,MA019441314 		N/A PC INTENTIONAL ENDOWMENTS NETWORK 1,250

THE FLEA THEATER

45 PINEHURST AVE APT 46
NEW YORK,NY10033 		N/A PC GENERAL OPERATING SUPPORT 50,000

THE HUMANE LEAGUE

PO BOX 10476
ROCKVILLE,MD20849 		N/A PC GENERAL OPERATING SUPPORT 2,500

THE LAUNDROMAT PROJECT

1476 FULTON ST
BROOKLYN,NY11216 		N/A PC GENERAL OPERATING SUPPORT 50,000

THE NATIONAL LATINA INSTITUTE FOR REPRODUCTIVE JUSTICE

40 EXCHANGE PLACE SUITE 1300
NEW YORK,NY10005 		N/A PC GENERAL OPERATING SUPPORT 80,000

THE NEW YORK IMMIGRATION COALITION

131 WEST 33RD STREET SUITE 610
NEW YORK,NY10001 		N/A PC GENERAL OPERATING SUPPORT 100,000

THE NEW YORK IMMIGRATION COALITION

131 WEST 33RD STREET SUITE 610
NEW YORK,NY10001 		N/A PC GENERAL OPERATING SUPPORT 750

THE NEW YORK SHAKESPEARE FESTIVAL (DBA THE PUBLIC THEATER)

425 LAFAYETTE STREET
NEW YORK,NY10003 		N/A PC GENERAL OPERATING SUPPORT 2,500

THE NEW YORK SHAKESPEARE FESTIVAL (DBA THE PUBLIC THEATER)

425 LAFAYETTE STREET
NEW YORK,NY10003 		N/A PC GENERAL OPERATING SUPPORT 2,500

THE NEW YORK WOMEN'S FOUNDATION

39 BROADWAY 23RD FLOOR
NEW YORK,NY10006 		N/A PC NYC FUND FOR GIRLS AND YOUNG WOMEN OF COLOR 80,000

THE RESURRECTION PROJECT

1805 SOUTH PAULINA STREET
CHICAGO,IL60608 		N/A PC GENERAL OPERATING SUPPORT 5,000

TIDES FOUNDATION

1014 TORNEY AVENUE
SAN FRANCISCO,CA94129 		N/A PC NEW YORK RENEWS EDUCATION FUND 225,000

TIDES FOUNDATION

PO BOX 133
PLAINFIELD,VT05667 		N/A PC RESILIENT DEMOCRACY/CIVIC DIGITAL ORGANIZING GROUP 50,000

TRI-STATE TRANSPORTATION CAMPAIGN

231 W 29TH STREET 904
NEW YORK,NY10001 		N/A PC ENVIRONMENTAL JUSTICE PROGRAM 70,000

UNIQUE PROJECTS INC

160 SIXTH AVENUE 2
NEW YORK,NY10013 		N/A PC NEW YORKERS FOR CULTURE AND ARTS 50,000

UNITED WAY OF NYC

205 EAST 42ND STREET 12TH FLOOR
ATTENTION ANDRE MESSAM
NEW YORK,NY10017 		N/A PC NYC CHANGE CAPITAL FUND 75,000

UPROSE

462 36TH STREET SUITE 3A
BROOKLYN,NY11232 		N/A PC GENERAL OPERATING SUPPORT 60,000

URGE UNITE FOR REPRODUCTIVE & GENDER EQUITY

734 15TH STREET NW SUITE 800
WASHINGTON,DC20005 		N/A PC GENERAL OPERATING SUPPORT 100,000

URGE UNITE FOR REPRODUCTIVE & GENDER EQUITY

734 15TH STREET NW SUITE 800
WASHINGTON,DC20005 		N/A PC GENERAL OPERATING SUPPORT 400

WEST VIRGINIA FREE

PO BOX 11042
CHARLESTON,WV25339 		N/A PC GENERAL OPERATING SUPPORT 60,000

WEST VIRGINIA FREE

PO BOX 11042
CHARLESTON,WV25339 		N/A PC GENERAL OPERATING SUPPORT 20,000

WINDWARD FUND

1828 L ST NW STE 300-C
WASHINGTON,DC20036 		N/A PC RURAL DEMOCRACY INITIATIVE'S HEARTLAND FUND 200,000
Total .................................right arrow 3a 6,688,060
bApproved for future payment

BVM CAPACITY BUILDING INSTITUTE
4751 BEST ROAD SUITE 200
ATLANTA,GA30337 		N/A PC GENERAL OPERATING SUPORT 150,000

ELEVATOR REPAIR SERVICE
47 GREAT JONES STREET 3RD FLOOR
NEW YORK,NY10012 		N/A PC GENERAL OPERATING SUPORT 25,000

JEWS FOR RACIAL AND ECONOMIC JUSTICE
330 SEVENTH AVE SUITE 1901
NEW YORK,NY10001 		N/A PC THE PEOPLE'S PLAN 30,000

NATIONAL WOMEN'S HEALTH NETWORK
1413 K STREET NW SUITE 400
WASHINGTON,DC20005 		N/A PC GENERAL OPERATING SUPORT 30,000

NEO PHILANTHROPY
40 WORTH STREET
NEW YORK,NY10013 		N/A PC NEW YORK CIVIC ENGAGEMENT TABLE 70,000

NEW VOICES FOR REPRODUCTIVE JUSTICE
5987 BROAD STREET SUITE 205
PITTSBURGH,PA15206 		N/A PC GENERAL OPERATING SUPORT 30,000

NEW YORK FOUNDATION
150 WEST 30TH STREET SUITE 1401
NEW YORK,NY10001 		N/A PF NEIGHBORHOODS FIRST FUND 150,000

RED HOOK INITIATIVE
767 HICKS STREET
BROOKLYN,NY11231 		N/A PC RED HOOK FARMS 50,000

UNITED WAY OF NYC
205 EAST 42ND STREET 12TH FLOOR
ATTENTION ANDRE MESSAM
NEW YORK,NY10017 		N/A PC NYC CHANGE CAPITAL FUND 125,000
Total ................................. right arrow 3b 660,000
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 26  
4 Dividends and interest from securities .... 901101 246 14 2,343,031  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 14,861 18 531,271  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER PARTNERSHIP INCOME (LOSS) THRU SCHEDULE K-1'S 		901101 -786 01 -1,601,240  
bOTHER INCOME     01 14,969  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 14,321 1,288,057 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,302,378
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FINANCIAL STATEMENT AUDIT AND TAX RETURN PREPARATION 30,550 0   30,550
OTHER ACCOUNTING SERVICES 19,500 0   19,500

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2022 ExpenditureResponsibilityStmt
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
NEW YORK FOUNDATION
  		150 WEST 30TH STREET SUITE 1401
NEW YORK,NY10001 		2022-03-07 150,000 YOUTH ORGANIZING & CULTURE CHANGE FUND 150,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAVE BEEN NO DIVERSIONS 08/24/2023   N/A
NEW YORK FOUNDATION
  		150 WEST 30TH STREET SUITE 1401
NEW YORK,NY10001 		2022-03-07 150,000 NEIGHBORHOODS FIRST FUND 150,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAVE BEEN NO DIVERSIONS 08/14/2023   N/A
NEW YORK FOUNDATION
  		150 WEST 30TH STREET SUITE 1401
NEW YORK,NY10001 		2022-12-07 150,000 ENGAGENY/RACIAL EQUITY POOLED FUND 75,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAVE BEEN NO DIVERSIONS 10/11/23   N/A
NEW YORK FOUNDATION
  		150 WEST 30TH STREET SUITE 1401
NEW YORK,NY10001 		2022-12-12 10,000 NYC CAPACITY BUILDING COLLABORATIVE 10,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAVE BEEN NO DIVERSIONS 09/28/2023   N/A

TY 2022 InvestmentsOtherSchedule2
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACCOLADE EMPOWERMENT FUND II, LP AT COST 44,745 39,997
ACCOLADE PARTNERS GROWTH I, L.P. AT COST 648,316 1,060,813
ACCOLADE PARTNERS GROWTH II, L.P. AT COST 174,694 170,608
ACCOLADE PARTNERS V, L.P. AT COST 1,152,363 2,649,341
ACCOLADE PARTNERS VI, L.P. AT COST 923,864 1,600,526
ACCOLADE PARTNERS VII, L.P. AT COST 794,892 1,348,237
ACCOLADE PARTNERS VIII, L.P. AT COST 446,384 518,731
AETHER REAL ASSETS II, L.P. AT COST 840,500 595,584
ANCHORAGE CAPITAL PARTNERS OFFSHORE, LTD. AT COST 0 1,431,422
AXIOM GLOBAL EQUITY FUND AT COST 15,672,029 4,840,827
BENEFIT STREET PARTNERS AT COST 89,139 821,791
COATUE GROWTH V OFFSHORE FEEDER FUND LP AT COST 1,091,306 737,417
DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. AT COST 6,921,262 6,779,665
DOUBLELINE MORTGAGE OPPORTUNITIES AT COST 208,003 616,998
ELLIOTT INTERNATIONAL LIMITED AT COST 3,000,000 7,726,382
GENERATION IM FUND PLC AT COST 3,515,659 12,619,037
GQG PARTNERS GLOBAL EQUITY FUND AT COST 6,503,084 8,345,335
IMPACT AMERICA FUND III, LP AT COST 21,002 18,349
JPMORGAN STRATEGIC INCOME OPPORTUNITIES FUND (JSOSX) AT COST 3,098,902 3,072,639
LL MORTGAGE FUND, L.P. AT COST 3,632,562 3,532,305
LL PRIVATE LENDING FUND, L.P. AT COST 2,374,837 2,375,081
MERCED PARTNERS IV, L.P. AT COST 81,920 224,484
PIMCO TOTAL RETURN FUND INSTITUTIONAL CLASS (PTTRX) 296,335.661 SHARES AT COST 3,243,240 2,507,000
RESPONSIFUND CORE EQUITY FUND AT COST 3,496,043 2,790,736
ROSE AFFORDABLE HOUSING PERSERVATION FUND IV REIT, L.P. AT COST 1,291,793 3,209,194
ROSE AFFORDABLE HOUSING PERSERVATION FUND V REIT, L.P. AT COST 1,005,606 1,103,426
RYDER COURT GLOBAL EMERGING OPPORTUNITIES FUND AT COST 1,952,194 2,126,754
SOMERSET SMALL MID CAP EM ALL COUNTRY FUND LLC AT COST 9,789 0
STONERIDGE REINSURANCE RISK PREM INTVL (SRRIX) 230.783 SHARES AT COST 10,317 9,181
TOUCHSTONE LARGE COMPANY GROWTH INSTITUTIONAL (DSMLX) 68,965.624 SHARES AT COST 2,255,663 2,477,935
TRUE GREEN CAPITAL LEVERAGED FEEDER FUND III, L.P AT COST 934,076 1,527,474
TWO SIGMA ACTIVE EXTENSION U.S. ALL CAP EQUITY CAYMAN FUND, LTD. AT COST 6,790,409 17,661,096
TWO SIGMA INTERNATIONAL CORE FUND, L.P. AT COST 8,430,405 8,446,579
VANGUARD DEVELOPED MARKETS INDEX FUND ADMIRAL (VTMGX) 245,318.401 SHARES AT COST 3,530,882 3,316,705
VANGUARD EMERGING MARKETS STOCK INDEX FUND (VEMAX) 32,626.543 SHARES AT COST 1,414,235 1,057,426
VANGUARD INSTITUTIONAL INDEX FUND INSTITUTIONAL (VINIX) 2,891.220 SHARES AT COST 679,242 929,903
VANGUARD INTERMEDIATE-TERM BOND INDEX ADMIRAL (VBILX) 858,130.215 SHARES AT COST 10,102,300 8,649,953
WELLINGTON CTF EMERGING MARKETS OPPORTUNITIES PORTFOLIO AT COST 5,567,325 4,948,052
WELLINGTON GLOBAL RESEARCH EQUITY EXTENDED FUND, L.P. AT COST 4,736,371 4,408,552

TY 2022 LegalFeesSchedule
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL AND ADMINISTRATIVE LEGAL COUNSEL 750 0   750


TY 2022 OtherExpensesSchedule
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMPUTER AND WEBSITE 27,463 3,461   24,002
DUES AND PUBLICATIONS 1,542 468   1,074
EQUIPMENT RENTAL 1,647 208   1,439
FILING FEES 1,500 0   1,500
INSURANCE 10,352 1,305   9,047
OFFICE EXPENSE 4,638 259   4,379
OTHER EXPENSES 25,599 0   25,599
OTHER EXPENSES THRU SCHEDULE K-1'S 694,124 678,673   0
OTHER INVESTMENT EXPENSES 3,843 3,843   0


TY 2022 OtherIncomeSchedule2
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER PARTNERSHIP INCOME (LOSS) THRU SCHEDULE K-1'S -1,602,026 -1,597,579 -1,602,026
OTHER INCOME 14,969 14,969 14,969


TY 2022 OtherProfessionalFeesSchedule
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PUBLICATION DESIGN AND EDITING CONSULTING 8,760 0   8,760
INVESTMENT ADVISORY 144,000 144,000   0
DIVERSITY, EQUITY, AND INCLUSION CONSULTING 119,000 0   119,000
STRATEGIC CONSULTING 32,472 0   32,472
OTHER CONSULTING 2,803 0   2,803


TY 2022 TaxesSchedule
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 190,977 0   0
FOREIGN TAXES WITHHELD 116,223 116,223   0
UNRELATED BUSINESS INCOME TAX 17,249 0   0