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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
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$137,817,055
J 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 289,498 289,498  
4 Dividends and interest from securities... 2,042,126 2,041,546  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,382,232
b Gross sales price for all assets on line 6a 21,838,803
7 Capital gain net income (from Part IV, line 2)... 5,372,858
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)....... 1,114,846 1,106,344  
12 Total. Add lines 1 through 11........ 8,828,702 8,810,246  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 323,541 80,885   242,656
14 Other employee salaries and wages...... 486,612 39,110   447,502
15 Pension plans, employee benefits....... 310,597 46,579   264,018
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 63,496 0   62,496
c Other professional fees (attach schedule).... 276,250 144,000   132,250
17 Interest............... 70,907 68,942   0
18 Taxes (attach schedule) (see instructions)... 153,073 74,073   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 150,159 22,519   127,640
21 Travel, conferences, and meetings....... 30,047 1,052   28,995
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 721,023 612,668   93,626
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,585,705 1,089,828   1,399,183
25 Contributions, gifts, grants paid....... 7,044,472 7,044,472
26 Total expenses and disbursements. Add lines 24 and 25 9,630,177 1,089,828   8,443,655
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -801,475
b Net investment income (if negative, enter -0-) 7,720,418
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 265,621 300,523 300,523
2 Savings and temporary cash investments......... 1,684,844 1,331,989 1,331,989
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)....... 0 Click to see attachment
List of Attached Documents:
// Content
5,960,314
6,201,433
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).......... 106,685,353 Click to see attachment
List of Attached Documents:
// Content
100,241,517
129,983,110
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) 108,635,818 107,834,343 137,817,055
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........... 108,635,818 107,834,343
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)..... 108,635,818 107,834,343
30 Total liabilities and net assets/fund balances (see instructions). 108,635,818 107,834,343
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
108,635,818
2
Enter amount from Part I, line 27a .....................
2
-801,475
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
107,834,343
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
107,834,343
Form 990-PF (2023)
Form 990-PF (2023)
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 SALE OF PUBLICLY TRADED SECURITIES      
b VANGUARD INSTITUTIONAL INDEX FUND INSTITUTIONAL P    
c TOUCHSTONE LARGE COMPANY GROWTH INSTITUTIONAL P    
d STONERIDGE REINSURANCE RISK PREM INTVL P    
e VANGUARD DEVELOPED MARKETS INDEX FUND ADMIRAL P    
VANGUARD EMERGING MARKETS STOCK INDEX FUND P    
VANGUARD INTERMEDIATE-TERM BOND INDEX ADMIRAL P    
PIMCO TOTAL RETURN FUND INSTITUTIONAL CLASS P    
JPMORGAN STRATEGIC INCOME OPPORTUNITIES FUND P    
TWO SIGMA ACTIVE EXTENSION U.S. ALL CAP EQUITY CAYMAN FUND, LTD. P    
RESPONSIFUND CORE EQUITY FUND P    
ANCHORAGE CAPITAL PARTNERS OFFSHORE, LTD. P    
ACCOLADE PARTNERS GROWTH I, L.P. P    
ACCOLADE PARTNERS GROWTH II, L.P. P    
ACCOLADE PARTNERS V, L.P. P    
ACCOLADE PARTNERS VI, L.P. P    
ACCOLADE PARTNERS VII, L.P. P    
ACCOLADE PARTNERS VIII, L.P. P    
AETHER REAL ASSETS II, L.P. P    
AXIOM GLOBAL EQUITY FUND P    
BENEFIT STREET PARTNERS SPECIAL SITUATIONS FUND (CAYMAN) L.P. P    
DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. P    
GQG PARTNERS GLOBAL EQUITY FUND GQG PARTNERS SERIES LLC P    
LL MORTGAGE FUND LP P    
LL PRIVATE LENDING FUND, LP P    
MERCED PARTNERS IV, L.P. P    
RYDER COURT GLOBAL EMERGING MARKETS OPPORTUNITIES FUND (DST) P    
TWO SIGMA INTERNATIONAL CORE FUND, LP P    
ACCOLADE EMPOWERMENT FUND II P    
WELLINGTON CTF EMERGING MARKETS OPPORTUNITY PORTFOLIO P    
WELLINGTON GLOBAL RESEARCH EQUITY EXTENDED FUND L.P P    
WELLINGTON CTF GLOBAL IMPACT PORTFOLIO P    
CLEAN ENERGY FUND, LP P    
MAJ INVEST GLOBAL VALUE EQUITIES FUND LP P    
STEWART INVESTORS GLOBAL EM P    
REDWOOD GROVE CAPITAL FUND, LP 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 356,864   370,699 -13,835
b 1,004,773   685,302 319,471
c 2,792,691   2,255,663 537,028
d 9,873   10,317 -444
e 3,524,913   3,601,874 -76,961
1,040,367   1,429,598 -389,231
7,400,000   8,748,398 -1,348,398
2,585,927   3,274,760 -688,833
3,119,747   3,143,229 -23,482
      14,333,858
      -225,622
      385,697
      5,999
      -354
      105,447
      -27,470
      3,694
      2,817
      22,239
      -10,045,434
      173,325
      -42,961
      2,323,482
      21,163
      1,788
      34,041
      248,401
      10,685
      -5
      -525,383
      359,988
      -189,584
      20,564
      -30,085
      86,605
      1,000
3,648     3,648
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       -13,835
b       319,471
c       537,028
d       -444
e       -76,961
      -389,231
      -1,348,398
      -688,833
      -23,482
      14,333,858
      -225,622
      385,697
      5,999
      -354
      105,447
      -27,470
      3,694
      2,817
      22,239
      -10,045,434
      173,325
      -42,961
      2,323,482
      21,163
      1,788
      34,041
      248,401
      10,685
      -5
      -525,383
      359,988
      -189,584
      20,564
      -30,085
      86,605
      1,000
      3,648
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 5,372,858
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  
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) 1 107,314
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........................... 3 107,314
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- ..... 5 107,314
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 138,013
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 160,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 298,013
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
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 10 190,699
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow190,699 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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 2023 or the taxable year beginning in 2023? 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
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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
ALEXIS ANDERSON-REED DIRECTOR
2.00
0 0 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
IBRAHIM ABDUL-MATIN DIRECTOR (DECEASED JUNE 22, 2023)
2.00
0 0 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
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
MIRIAM BUHL 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
RASU JILANI 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 DIRECTOR, 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
323,541 83,467 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
190,000 31,531 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
CATHERINE PORTER DIRECTOR OF OPERATIO
40.00
130,368 59,989 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
NAICHE PARKER PROG. OFFICER/RACIAL
40.00
100,000 35,681 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
SAMANTHA STERN GRANTS MANAGER & ADM
40.00
66,244 21,406 0
17 E 52ND ST STE 601
NEW YORK,NY100225307
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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 64,500
325 CLINTON AVENUE 14C
BROOKLYN,NY11205
MARIGOLD STRATEGY DEI AND OPERATIONAL CONSULTANTS 59,850
215 SOUTH CHURCH STREET
MOORESTOWN,NJ08057
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 (2023)
Form 990-PF (2023)
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
123,907,348
b
Average of monthly cash balances.......................
1b
3,106,994
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
127,014,342
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
127,014,342
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,905,215
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
125,109,127
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,255,456
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
6,255,456
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
107,314
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
1,063
c
Add lines 2a and 2b............................
2c
108,377
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,147,079
4
Recoveries of amounts treated as qualifying distributions................
4
126
5
Add lines 3 and 4............................
5
6,147,205
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
6,147,205
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
8,443,655
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
8,443,655
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2022
(c)
2022
(d)
2023
1 Distributable amount for 2023 from Part X, line 7 6,147,205
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 948,598
f Total of lines 3a through e ........ 948,598
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 8,443,655
a Applied to 2022, but not more than line 2a 0
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 2023 distributable amount..... 6,147,205
e Remaining amount distributed out of corpus 2,296,450
5 Excess distributions carryover applied to 2023. 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 3,245,048
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 ..........
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 2018 not
applied on line 5 or line 7 (see instructions) ...
0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ......
3,245,048
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 948,598
e Excess from 2023.... 2,296,450
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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:
UNSOLICITED LOIS ACCEPTED DECEMBER - FEBRUARY AND REVIEWED THEREAFTER
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 (2023)
Form 990-PF (2023)
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

350ORG

PO BOX 843004
BOSTON,MA022843004
N/A PC STOP FOSSIL FUEL EXPANSION 70,000

ADVOCATES FOR YOUTH

1325 G STREET NW SUITE 980
WASHINGTON,DC20005
N/A PC GENERAL OPERATING SUPORT 100,000

ALIGN THE ALLIANCE FOR A GREATER NEW YORK

50 BROADWAY 29TH FLOOR
NEW YORK,NY10004
N/A PC GENERAL OPERATING SUPORT 250

ALLIANCE FOR JUSTICE

11 DUPONT CIRCLE NW SUITE 500
WASHINGTON,DC20036
N/A PC GENERAL OPERATING SUPORT 100,000

ALLIANCE FOR QUALITY EDUCATION

23 ELK STREET
ALBANY,NY12207
N/A PC GENERAL OPERATING SUPORT 155

ALLIANCE OF FAMILIES FOR JUSTICE

8 W 126TH ST FL 3
NEW YORK,NY10027
N/A PC GENERAL OPERATING SUPORT 25,000

ALLIANCE OF RESIDENT THEATRENEW YORK

520 8TH AVENUE SUITE 3019
NEW YORK,NY10018
N/A PC GENERAL OPERATING SUPORT 358

ALLIANCE OF RESIDENT THEATRENEW YORK

520 8TH AVENUE SUITE 3019
NEW YORK,NY10018
N/A PC GENERAL OPERATING SUPORT 158

ALTERNATIVES FOR COMMUNITY AND ENVIRONMENT

2201 WASHINGTON STREET
ROXBURY,MA02119
N/A PC GENERAL OPERATING SUPORT 60,000

AMERICAN CIVIL LIBERTIES UNION FOUNDATION

125 BROAD STREET 18TH FLOOR
NEW YORK,NY10004
N/A PC REPRODUCTIVE FREEDOM PROJECT 40,000

APPALACHIAN VOICES

589 WEST KING STREET
BOONE,NC28607
N/A PC GENERAL OPERATING SUPORT 70,000

ASIAN PACIFIC ENVIRONMENTAL NETWORK

426 17TH STREET SUITE 500
OAKLAND,CA94612
N/A PC GENERAL OPERATING SUPORT 80,000

ASSOCIATION FOR NEIGHBORHOOD & HOUSING DEVELOPMENT

50 BROAD STREET STE 1402
NEW YORK,NY10004
N/A PC GENERAL OPERATING SUPORT 400

ASSOCIATION FOR NEIGHBORHOOD & HOUSING DEVELOPMENT

50 BROAD STREET STE 1402
NEW YORK,NY10004
N/A PC RIGHT TO ROOF 100,000

AUBURN THEOLOGICAL SEMINARY

475 RIVERSIDE DRIVE SUITE 1800
NEW YORK,NY10015
N/A PC GENERAL OPERATING SUPORT 5,000

BAAD BRONX ACADEMY OF ARTS AND DANCE

2474 WESTCHESTER AVENUE
BRONX,NY10461
N/A PC GENERAL OPERATING SUPORT 40,000

BALLET HISPANICO OF NEW YORK

167 WEST 89TH STREET
NEW YORK,NY10024
N/A PC GENERAL OPERATING SUPORT 50,000

BRIC

647 FULTON ST
BROOKLYN,NY11217
N/A PC GENERAL OPERATING SUPORT 60,000

BVM CAPACITY BUILDING INSTITUTE

4751 BEST RD STE 200
ATLANTA,GA30337
N/A PC GENERAL OPERATING SUPORT 150,000

CAAAV ORGANIZING ASIAN COMMUNITIES

55 HESTER STREET
NEW YORK,NY10002
N/A PC GENERAL OPERATING SUPORT 60,000

CAVE CANEM FOUNDATION

20 JAY STREET SUITE 310-A
BROOKLYN,NY11201
N/A PC GENERAL OPERATING SUPORT 50,000

CENTER FOR CONSTITUTIONAL RIGHTS

666 BROADWAY 7TH FLOOR
NEW YORK,NY10012
N/A PC GENERAL OPERATING SUPORT 70,000

CENTER FOR POPULAR DEMOCRACY

449 TROUTMAN ST SUITE A
BROOKLYN,NY11237
N/A PC GENERAL OPERATING SUPORT 50,000

CENTER FOR TRADITIONAL MUSIC AND DANCE

32 BROADWAY SUITE 1314
NEW YORK,NY10004
N/A PC GENERAL OPERATING SUPORT 30,000

CERES

99 CHAUNCY STREET 6TH FL
BOSTON,MA02111
N/A PC GENERAL OPERATING SUPORT 20,000

CHHAYA COMMUNITY DEVELOPMENT CORPORATION

37-43 77TH STREET
JACKSON HEIGHTS,NY11372
N/A PC GENERAL OPERATING SUPORT 75,000

CITY LIMITS

8 W 126TH ST 3RD FLOOR
NEW YORK,NY10027
N/A PC GENERAL OPERATING SUPORT 45,000

CITY LORE

56 E FIRST STREET
NEW YORK,NY10003
N/A PC GENERAL OPERATING SUPORT 40,000

CLASSICAL THEATRE OF HARLEM

1850 AMSTERDAM AVENUE
NEW YORK,NY10031
N/A PC GENERAL OPERATING SUPORT 50,000

CLIMATE JUSTICE ALLIANCE

PO BOX 10202
BERKELEY,CA94709
N/A PC GENERAL OPERATING SUPORT 100,000

CLIMATE JUSTICE ALLIANCE

PO BOX 10202
BERKELEY,CA94709
N/A PC UNITED FRONTLINE TABLE 50,000

COMMUNITY CONNECTIONS FOR YOUTH

369 EAST 149TH STREET 7TH FLOOR
BRONX,NY10455
N/A PC GENERAL OPERATING SUPORT 25,000

COMMUNITY DEVELOPMENT PROJECT INC (DBA TAKEROOT JUSTICE)

123 WILLIAM STREET 16TH FLOOR
NEW YORK,NY10038
N/A PC GENERAL OPERATING SUPORT 70,000

COMMUNITY FUNDS INC

900 WALT WHITMAN ROAD SUITE 205
MELVILLE,NY11747
N/A PC LONG ISLAND COMMUNITY FOUNDATION GOOD NEIGHBOR INITIATIVE 80,000

COMMUNITY VOICES HEARD

115 EAST 106TH STREET 3RD FLOOR
NEW YORK,NY10029
N/A PC GENERAL OPERATING SUPORT 70,000

CONSERVATION LAW FOUNDATION

62 SUMMER STREET
BOSTON,MA02110
N/A PC ENVIRONMENTAL JUSTICE PROGRAM 40,000

DANCENYC

218 EAST 18TH STREET GROUND FLOOR
NEW YORK,NY10003
N/A PC GENERAL OPERATING SUPORT 50,000

DIXON PLACE

161A CHRYSTIE STREET GROUND FLOOR
NEW YORK,NY10002
N/A PC GENERAL OPERATING SUPORT 20,000

DIXON PLACE

161A CHRYSTIE STREET GROUND FLOOR
NEW YORK,NY10002
N/A PC GENERAL OPERATING SUPORT 250

DOCUMENTED

PO BOX 250250
NEW YORK,NY10025
N/A PC GENERAL OPERATING SUPORT 40,000

DRUM--DESIS RISING UP & MOVING

72-18 ROOSEVELT AVE
JACKSON HEIGHTS,NY11372
N/A PC GENERAL OPERATING SUPORT 50,000

EL PUENTE

211 SOUTH 4TH STREET
NEW YORK,NY11217
N/A PC GENERAL OPERATING SUPORT 80,000

ELEVATOR REPAIR SERVICE THEATER INC

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

ENVIRONMENTAL ADVOCATES OF NEW YORK

353 HAMILTON STREET
ALBANY,NY12210
N/A PC GENERAL OPERATING SUPORT 30,000

ENVIRONMENTAL ADVOCATES OF NEW YORK

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

ENVIRONMENTAL GRANTMAKERS ASSOCIATION

475 RIVERSIDE DRIVE SUITE 960
NEW YORK,NY10115
N/A PC GENERAL OPERATING SUPORT 7,661

ETHEL'S FOUNDATION FOR THE ARTS

697 3RD AVENUE 213
NEW YORK,NY10017
N/A PC GENERAL OPERATING SUPORT 20,000

FLORIDA RISING (DBA NEW FLORIDA MAJORITY EDUCATION FUND INC)

10800 BISCAYNE BLVD STE 1050
MIAMI,FL331617566
N/A PC GENERAL OPERATING SUPORT 100,000

FORWARD TOGETHER

1423 BROADWAY 1098
OAKLAND,CA94612
N/A PC GENERAL OPERATING SUPORT 50,000

FUND FOR THE CITY OF NEW YORK

121 AVENUE OF THE AMERICAS 6TH
FLOOR
NEW YORK,NY10013
N/A PC RIGHT TO COUNSEL NYC COALITION 150,000

FUNDERS FOR REPRODUCTIVE EQUITY

PO BOX 750
ROCKVILLE,MD208480750
N/A PC GENERAL OPERATING SUPORT 4,000

GIRLS FOR GENDER EQUITY

25 CHAPEL ST
BROOKLYN,NY11201
N/A PC GENERAL OPERATING SUPORT 60,000

GOOD OLD LOWER EAST SIDE

169 AVENUE B
NEW YORK,NY10009
N/A PC GENERAL OPERATING SUPORT 90,000

GRANTMAKERS IN THE ARTS

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

GREENPEACE FUND

1300 EYE STREET NW SUITE 1100 E
WASHINGTON,DC20005
N/A PC GENERAL OPERATING SUPORT 75,000

HARLEM STAGE

150 CONVENT AVENUE
NEW YORK,NY10034
N/A PC GENERAL OPERATING SUPORT 50,000

HARTBEAT ENSEMBLE

11 COBBS ROAD
WEST HARTFORD,CT06107
N/A PC GENERAL OPERATING SUPORT 5,000

HOME FOR CONTEMPORARY THEATRE & ART (DBA HERE)

145 SIXTH AVENUE
NEW YORK,NY10013
N/A PC GENERAL OPERATING SUPORT 45,000

HOME FOR CONTEMPORARY THEATRE & ART (DBA HERE)

145 SIXTH AVENUE
NEW YORK,NY10013
N/A PC GENERAL OPERATING SUPORT 250

IFWHENHOW

1714 FRANKLIN ST 100-393
OAKLAND,CA94612
N/A PC GENERAL OPERATING SUPORT 100,000

IMPACT GUILD INC

446 S RODEO DR
BEVERLY HILLS,CA90212
N/A PC GENERAL OPERATING SUPORT 2,500

IN OUR OWN VOICE NATIONAL BLACK WOMEN'S REPRODUCTIVE JUSTICE

601 13TH STREET SUITE 650N
WASHINGTON,DC20005
N/A PC GENERAL OPERATING SUPORT 80,000

INNOCENCE PROJECT

40 WORTH STREET SUITE 701
NEW YORK,NY10013
N/A PC GENERAL OPERATING SUPORT 5,000

INTERNATIONAL REFUGEE ASSISTANCE PROJECT

ONE BATTERY PARK PLAZA 4TH FLOOR
NEW YORK,NY10004
N/A PC GENERAL OPERATING SUPORT 5,000

INTERNATIONAL REFUGEE ASSISTANCE PROJECT

ONE BATTERY PARK PLAZA 4TH FLOOR
NEW YORK,NY10004
N/A PC GENERAL OPERATING SUPORT 5,000

ISSUE ONE

1401 K STREET NW
WASHINGTON,DC20005
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

JUST VISION INC

1835 7TH STREET NW 110
WASHINGTON,DC20001
N/A PC GENERAL OPERATING SUPORT 2,500

JUSTICE COMMITTEE INC

3440 79TH ST APT 3G
JACKSON HEIGHTS,NY11372
N/A PC GENERAL OPERATING SUPORT 30,000

KATAL CENTER FOR HEALTH EQUITY AND JUSTICE

147 PRINCE ST
BROOKLYN,NY11201
N/A PC GENERAL OPERATING SUPORT 25,000

LA MAMA EXPERIMENTAL THEATRE CLUB INC

66 EAST 4TH STREET
NEW YORK,NY10003
N/A PC GENERAL OPERATING SUPORT 1,036

LABOR NETWORK FOR SUSTAINABILITY

PO BOX 5780 6909 LAUREL AVE
TAKOMA PARK,MD20913
N/A PC GENERAL OPERATING SUPORT 75,000

LOCAL PROGRESS IMPACT LAB

1200 18TH ST NW SUITE 700
WASHINGTON,DC20036
N/A PC GENERAL OPERATING SUPORT 40,000

MAKE THE ROAD NEW YORK

301 GROVE STREET
BROOKLYN,NY11237
N/A PC GENERAL OPERATING SUPORT 8,160

MAKE THE ROAD NEW YORK

301 GROVE STREET
BROOKLYN,NY11237
N/A PC GENERAL OPERATING SUPORT 600

MAKE THE ROAD NEW YORK

301 GROVE STREET
BROOKLYN,NY11237
N/A PC GENERAL OPERATING SUPORT 200

MANHATTAN GRAPHICS CENTER INC

322 3RD AVENUE 5TH FLOOR
BROOKLYN,NY11215
N/A PC GENERAL OPERATING SUPORT 10,000

MARBLE HILL NURSERY

5470 BROADWAY
BRONX,NY10463
N/A PC GENERAL OPERATING SUPORT 5,000

MICHIGAN VOICES

2727 2ND AVENUE SUITE 109
DETROIT,MI48201
N/A PC GENERAL OPERATING SUPORT 100,000

NATIONAL LATINA INSTITUTE FOR REPRODUCTIVE HEALTH

40 EXCHANGE PLACE SUITE 1300
NEW YORK,NY10005
N/A PC NATIONAL REPRODUCTIVE JUSTICE VOTER MOBILIZATION COLLABORATION 200,000

NATIONAL WOMEN'S HEALTH NETWORK

1413 K STREET NW SUITE 400
WASHINGTON,DC20005
N/A PC GENERAL OPERATING SUPORT 30,000

NATIONAL WOMEN'S HEALTH NETWORK

1413 K STREET NW SUITE 400
WASHINGTON,DC20005
N/A PC GENERAL OPERATING SUPORT 30,000

NEIGHBORHOOD FUNDERS GROUP

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

NEO PHILANTHROPY

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

NEO PHILANTHROPY

45 WEST 36TH STREET 6TH FLOOR
NEW YORK,NY10018
N/A PC FUNDERS' COMMITTEE FOR CIVIC PARTICIPATION 6,000

NEW ECONOMY PROJECT

121 W 27TH STREET SUITE 804
NEW YORK,NY10001
N/A PC GENERAL OPERATING SUPORT 75,000

NEW IMMIGRANT COMMUNITY EMPOWERMENT

71-29 ROOSEVELT AVENUE 2ND FLOOR
JACKSON HEIGHTS,NY11372
N/A PC GENERAL OPERATING SUPORT 70,000

NEW JERSEY ENVIRONMENTAL JUSTICE ALLIANCE

45 ACADEMY ST SUITE 205
NEWARK,NJ071022924
N/A PC GENERAL OPERATING SUPORT 60,000

NEW YORK CITY ENVIRONMENTAL JUSTICE ALLIANCE

462 36TH STREET SUITE 3F
BROOKLYN,NY11232
N/A PC CONGESTION PRICING NOW 10,000

NEW YORK COMMUNITIES ORGANIZING FUND INC

470 VANDERBILT 9TH FL
BROOKLYN,NY11238
N/A PC GENERAL OPERATING SUPORT 75,000

NEW YORK FOUNDATION FOR THE ARTS

29 W 38TH STREET 9TH FLOOR
NEW YORK,NY10018
N/A PC GENERAL OPERATING SUPORT 50,000

NEW YORK FOUNDATION

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

NEW YORK LAWYERS FOR THE PUBLIC INTEREST

151 WEST 30TH STREET 11TH FLOOR
NEW YORK,NY10001
N/A PC ENVIRONMENTAL JUSTICE PROGRAM 100,000

NEW YORK THEATRE WORKSHOP

79 EAST 4TH STREET
NEW YORK,NY10003
N/A PC GENERAL OPERATING SUPORT 45,000

NEW YORKERS FOR CULTURE AND ARTS

160 SIXTH AVENUE 2
NEW YORK,NY10013
N/A PC GENERAL OPERATING SUPORT 50,000

NONPROFIT NEW YORK

320 EAST 43RD STREET 3RD FLOOR
NEW YORK,NY10017
N/A PC GENERAL OPERATING SUPORT 2,000

NORTH STAR FUND

520 EIGHTH AVENUE SUITE 1800
NEW YORK,NY10018
N/A PC GENERAL OPERATING SUPORT 2,500

NORTHWEST BRONX COMMUNITY AND CLERGY COALITION

103 EAST 196TH STREET
BRONX,NY10468
N/A PC GENERAL OPERATING SUPORT 80,000

NYPIRG FUND

9 MURRAY STREET LOWER LEVEL
NEW YORK,NY10007
N/A PC GENERAL OPERATING SUPORT 1,030

PARENT-TEACHER ASSOCIATION OF PSMS 278

421 WEST 219TH STREET
NEW YORK,NY10034
N/A PC GENERAL OPERATING SUPORT 5,000

PENNSYLVANIA VOICE

123 S BROAD STREET STE 630
PHILADELPHIA,PA19109
N/A PC GENERAL OPERATING SUPORT 100,000

PHILANTHROPY NEW YORK

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

PHYSICIANS FOR REPRODUCTIVE HEALTH

1430 BROADWAY SUITE 1614
NEW YORK,NY10018
N/A PC GENERAL OPERATING SUPORT 75,000

POSSIBILITY LABS

1410 FRANKLIN STREET 135
SAN FRANCISCO,CA94109
N/A PC JUST ECONOMY INSTITUTE 5,000

PRATT INSTITUTE

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

PREGNANCY JUSTICE

875 6TH AVENUE STE 1807
NEW YORK,NY10001
N/A PC GENERAL OPERATING SUPORT 75,000

PROGEORGIA STATE TABLE INC

151 ELLIS ST NE FL 1
ATLANTA,GA303032437
N/A PC GENERAL OPERATING SUPORT 100,000

PROGRESSIVE MULTIPLIER FUND

1802 VERNON STREET NW 1122
WASHINGTON,DC20009
N/A PC BUILDING POWER FOR REPRODUCTIVE JUSTICE THROUGH INDEPENDENT REVENUE GENERATION 250,000

PROTECT DEMOCRACY

2020 PENNSYLVANIA AVENUE NW 163
WASHINGTON,DC20006
N/A PC GENERAL OPERATING SUPORT 40,000

PROTEUS FUND

15 RESEARCH DRIVE SUITE B
AMHERST,MA01002
N/A PC PIPER FUND: ADVANCING JUDICIAL INDEPENDENCE 75,000

PUBLIC POLICY AND EDUCATION FUND

94 CENTRAL AVENUE
ALBANY,NY12206
N/A PC INVEST IN OUR NEW YORK 100,000

RAINFOREST ACTION NETWORK

425 BUSH STREET SUITE 300
SAN FRANCISCO,CA941083721
N/A PC CLIMATE & ENERGY SUPPORT 60,000

RED HOOK INITIATIVE

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

REWIRENEWS

1765 GREENSBORO STATION PLACE 900
MCLEAN,VA22102
N/A PC GENERAL OPERATING SUPORT 75,000

RHIA VENTURES

47 KEARNEY STREET SUITE 600
SAN FRANCISCO,CA94108
N/A PC GENERAL OPERATING SUPORT 10,000

RHIA VENTURES

47 KEARNEY STREET SUITE 600
SAN FRANCISCO,CA94108
N/A PC GENERAL OPERATING SUPORT 5,000

RIDERS ALLIANCE

150 BROADWAY SUITE 1005
NEW YORK,NY10038
N/A PC GENERAL OPERATING SUPORT 70,000

RIDERS ALLIANCE

150 BROADWAY SUITE 1005
NEW YORK,NY10038
N/A PC CONGESTION PRICING NOW 10,000

SEPA MUJER INC

110 N OCEAN AVENUE
PATCHOGUE,NY11772
N/A PC GENERAL OPERATING SUPORT 70,000

SIGNATURE THEATRE COMPANY INC

480 WEST 42ND STREET
NEW YORK,NY10036
N/A PC GENERAL OPERATING SUPORT 20,000

SOCIAL AND ENVIRONMENTAL ENTREPRENEURS

6918 WEST BROWN DEERK ROAD
MILWAUKEE,WI53223
N/A PC AFRICAN AMERICAN ROUNDTABLE 10,000

SOCRATES SCULPTURE PARK

32-01 VERNON BOULEVARD
QUEENS,NY11106
N/A PC GENERAL OPERATING SUPORT 1,029

SOHO REPERTORY THEATRE

401 BROADWAY SUITE 300
NEW YORK,NY10013
N/A PC GENERAL OPERATING SUPORT 40,000

ST ANN'S WAREHOUSE

45 WATER STREET
BROOKLYN,NY11201
N/A PC GENERAL OPERATING SUPORT 50,000

STATE VOICES

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

SUNRISE MOVEMENT EDUCATION FUND

712 H STREET NE UNIT 626
WASHINGTON,DC20002
N/A PC GENERAL OPERATING SUPORT / GND FUTURES FELLOWSHIP 80,000

THE CLIMATE AND CLEAN ENERGY EQUITY FUND

OPEN GOV HUB CCEEF
WASHINGTON,DC20005
N/A PC GENERAL OPERATING SUPORT 225,000

THE CRANE INSTITUTE OF SUSTAINABILITY INC

13 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 SUPORT 50,000

THE FLEA THEATER

45 PINEHURST AVE APT 46
NEW YORK,NY10033
N/A PC GENERAL OPERATING SUPORT 535

THE NEW YORK COMMUNITY TRUST

909 THIRD AVENUE 22ND FLOOR
NEW YORK,NY10022
N/A PC NYC VOTER TURNOUT FUND 100,000

THE NEW YORK SHAKESPEARE FESTIVAL (DBA THE PUBLIC THEATER)

425 LAFAYETTE STREET
NEW YORK,NY10003
N/A PC GENERAL OPERATING SUPORT 20,000

THE NEW YORK SHAKESPEARE FESTIVAL (DBA THE PUBLIC THEATER)

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

THE PERFMANCE ZONE INC (DBA THE FIELD)

225 WEST 34TH STREET FLOOR 9
NEW YORK,NY10122
N/A PC GENERAL OPERATING SUPORT 20,000

THE W O W PROJECT INC

26 MOTT ST
NEW YORK,NY100135220
N/A PC GENERAL OPERATING SUPORT 40,000

THEATER LABRADOR INC (DBA NEW GEORGES)

222 BROADWAY 19TH FLOOR
NEW YORK,NY10038
N/A PC GENERAL OPERATING SUPORT 300

THIRD SECTOR NEW ENGLAND INC

365 BROADWAY
BROOKLYN,NY11211
N/A PC WORKER'S JUSTICE PROJECT 25,000

TRANSPORTATION ALTERNATIVES

111 JOHN STREET SUITE 260
NEW YORK,NY10038
N/A PC GENERAL OPERATING SUPORT 30,000

TRI-STATE TRANSPORTATION CAMPAIGN

231 W 29TH STREET 904
NEW YORK,NY10001
N/A PC CONGESTION PRICING NOW 10,000

TRI-STATE TRANSPORTATION CAMPAIGN

231 W 29TH STREET 904
NEW YORK,NY10001
N/A PC GENERAL OPERATING SUPORT 80,000

UNION OF CONCERNED SCIENTISTS

2 BRATTLE SQUARE 6TH FLOOR
CAMBRIDGE,MA02138
N/A PC ADVANCING JUST CLIMATE RESILIENCE THROUGH POLICY ACTION AND COUNTERING DISINFORMATION 30,000

UNITED WAY OF NYC

205 EAST 42ND STREET 12TH FLOOR
NEW YORK CITY,NY10017
N/A PC CHANGE CAPITAL FUND 125,000

UNITED WAY OF NYC

205 EAST 42ND STREET 12TH FLOOR
NEW YORK,NY10017
N/A PC CHANGE CAPITAL FUND TO SUPPORT COMMUNITY OWNERSHIP 100,000

UPROSE

462 36TH STREET SUITE 3A
BROOKLYN,NY11232
N/A PC GENERAL OPERATING SUPORT 80,000

VOICES OF COMMUNITY ACTIVISTS AND LEADERS INC

300 DOUGLASS STREET
BROOKLYN,NY11217
N/A PC GENERAL OPERATING SUPORT 70,000

YOUNG PEOPLES CHORUS OF NEW YORK CITY

37 WEST 65TH STREET 2ND FLOOR
NEW YORK,NY10023
N/A PC GENERAL OPERATING SUPORT 2,500
Total .................................right arrow 3a 7,044,472
bApproved for future payment

BROOKLYN ACADEMY OF MUSIC INC
30 LAFAYETTE AVENUE
BROOKLYN,NY11217
N/A PC GENERAL OPERATING SUPORT 2,500

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

NORTH STAR FUND
520 EIGHTH AVENUE SUITE 1800
NEW YORK,NY10018
N/A PC COMMUNITIES UNITED FOR POLICE REFORM 50,000

NORTH STAR FUND
520 EIGHTH AVENUE SUITE 1800
NEW YORK,NY10018
N/A PC LET US BREATHE FUND 100,000

THIRD SECTOR NEW ENGLAND INC
365 BROADWAY
BROOKLYN,NY11211
N/A PC WORKER'S JUSTICE PROJECT 25,000
Total ................................. right arrow 3b 207,500
Form 990-PF (2023)
Form 990-PF (2023)
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 ...........
    14 289,498  
4 Dividends and interest from securities .... 901101 580 14 2,041,546  
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 ..... 901101 8,388 01 1,106,297  
8 Gain or (loss) from sales of assets other than
inventory ............
901101 9,374 18 5,372,858  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aSECURITY LITIGATION PROCEEDS
    01 35  
bGRANT RESCINDED     01 126  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 18,342 8,810,360 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
8,828,702
(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 (2023)
Form 990-PF (2023)
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 (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 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 34,750 0   33,750
OTHER ACCOUNTING SERVICES 28,746 0   28,746

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

TY 2023 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
2022-12-07 150,000 ENGAGE NY/RACIAL EQUITY POOLED FUND 75,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAVE BEEN NO DIVERSIONS 10/30/24   N/A
NEW YORK FOUNDATION
 
150 WEST 30TH STREET SUITE 1401
NEW YORK,NY10001
2023-05-19 150,000 NEIGHBORHOODS FIRST FUND 150,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAVE BEEN NO DIVERSIONS 10/24/24   N/A

TY 2023 InvestmentsCorpStockSchedule
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Name of Stock End of Year Book Value End of Year Fair Market Value
1ST SOURCE CORP - 850 SHRS 38,930 46,708
ACUITY BRANDS INC - 400 SHRS 65,920 81,932
APPLIED INDL TECHNOLOGIES INC - 747 SHRS 117,320 128,999
APTAR GROUP INC - 950 SHRS 126,203 117,439
ATRION CORPORATION - 75 SHRS 35,100 28,409
BADGER METER INC - 475 SHRS 79,882 73,326
CABLE ONE INC - 125 SHRS 78,579 69,574
CACTUS INC A - 2600 SHRS 144,244 118,040
CATHAY GENERAL BANCORP - 1,900 SHRS 69,650 84,683
CAVCO INDUSTRIAL INC - 252 SHRS 72,253 87,348
CENTRAL GARDEN AND PET CO A - 1,044 SHRS 42,795 45,978
CHEMED CORP - 191 SHRS 98,130 111,687
CHOICE HOTELS INTL INC - 725 SHRS 92,596 82,143
COHEN STEERS INC - 1,200 SHRS 78,495 90,876
COLUMBIA SPORTSWEAR CO - 1,525 SHRS 113,216 121,299
COMFORT SYS USA INC - 375 SHRS 69,834 77,126
COMMERCE BANCSHARES INC - 1,271.550 SHRS 58,386 67,913
CONSUMER DISCRETIONARY CARTERS INC - 1,300 SHRS 92,478 97,357
CORCEPT THERAPEUTICS INC - 3,775 SHRS 125,367 122,612
CORE LABORATORIES INC COM - 2,425 SHRS 60,405 42,825
CORVEL CORP - 550 SHRS 114,373 135,965
CSG SYS INTL INC - 1,600 SHRS 87,871 85,136
DONALDSON CO INC - 1,875 SHRS 121,161 122,531
DONNELLEY FINANCIAL SOLUTIONS INC - 1,359 SHRS 72,631 84,761
EVERCORE INC - 575 SHRS 81,544 98,354
EXLSERVICE HOLDINGS INC - 4,075 SHRS 119,501 125,714
FLOWERS FOODS INC COM - 5,442 SHRS 124,400 122,499
FORWARD AIR CORP - 575 SHRS 41,040 36,150
FRANKLIN ELEC INC - 925 SHRS 90,038 89,401
GERMAN AMERICAN BANCORP - 95 SHRS 2,787 3,079
GLOBUS MED INC A - 1,475 SHRS 79,661 78,603
HAEMONETICS CORP MASS COM - 1,400 SHRS 125,993 119,714
HANOVER INS GROUP INC - 725 SHRS 78,638 88,029
HELMERICH PAYNE INC - 3,000 SHRS 125,575 108,660
ICU MEDICAL INC - 525 SHRS 76,311 52,364
IDACORP INC - 775 SHRS 74,360 76,198
INDEPENDENT BK CORP MASS - 990 SHRS 57,320 65,152
INMODE LTD - 2,835 SHRS. 55,208 63,050
INSPERITY INC - 450 SHRS 45,917 52,749
INTERDIGITAL INC - 1,225 SHRS 105,305 132,961
INTERNATIONAL BANCSHARES CORP - 1,506 SHRS 71,360 81,806
JONES LANG LASALLE INC - 640 SHRS 103,599 120,877
LAKELAND FINANCIAL CORP - 650 SHRS 34,485 42,354
LANCASTER COLONY CORP - 612 SHRS 101,823 101,831
LANDSTAR SYS INC - 450 SHRS 87,255 87,143
LITTELFUSE INC - 454 SHRS 118,561 121,472
MEDPACE HLDGS INC - 475 SHRS 129,761 145,602
MINERALS TECHNOLOGIES INC - 1,250 SHRS 77,994 89,137
MSC INDL DIRECT CO INC CL A - 1,025 SHRS 104,432 103,792
ONE GAS INC - 925 SHRS 67,393 58,941
PHYSICIANS REALTY TRUST - 5,500 SHRS 75,959 73,205
PLEXUS CORP - 775 SHRS 79,149 83,801
POWER INTEGRATIONS INC - 1,575 SHRS 134,690 129,323
PROGRESS SOFTWARE CORP - 1,900 SHRS 115,770 103,170
QUALYS INC - 696 SHRS 108,788 136,611
SELECTIVE INS GROUP INC - 1,175 SHRS 118,376 116,889
SENSIENT TECHNOLOGIES CORP - 1,075 SHRS 66,795 70,950
SHUTTERSTOCK INC - 1,150 SHRS 48,340 55,522
SILGAN HLDGS INC - 2,100 SHRS 94,604 95,025
SPROUTS FARMERS MARKETS INC - 2,850 SHRS 111,866 137,114
STAG INDUSTRIAL INC - 3,250 SHRS 119,982 127,595
TERADATA CORP - 2,475 SHRS 114,141 107,687
TEXAS ROADHOUSE INC - 1,025 SHRS 104,751 125,286
TOMPKINS FINANCIAL CORPORATION - 325 SHRS 17,015 19,574
U S PHYSICAL THERAPY INC - 1,050 SHRS 105,392 97,797
UMB FINL CORP - 714 SHRS 46,309 59,655
UNIFIRST CORP MASS - 400 SHRS 71,644 73,164
UNITIL CORP - 800 SHRS 39,391 42,056
VALMONT INDS INC - 225 SHRS 57,365 52,540
WATTS WATER TECHNOLOGIES CL A - 500 SHRS 93,907 104,170

TY 2023 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 122,971 117,827
ACCOLADE PARTNERS GROWTH I, L.P. AT COST 701,496 1,238,400
ACCOLADE PARTNERS GROWTH II, L.P. AT COST 239,951 257,092
ACCOLADE PARTNERS V, L.P. AT COST 1,114,860 2,494,670
ACCOLADE PARTNERS VI, L.P. AT COST 883,980 1,709,884
ACCOLADE PARTNERS VII, L.P. AT COST 831,119 1,382,296
ACCOLADE PARTNERS VIII, L.P. AT COST 607,500 686,660
AETHER REAL ASSETS II, L.P. AT COST 722,993 430,989
ANCHORAGE CAPITAL PARTNERS OFFSHORE, LTD. AT COST 0 1,112,338
BENEFIT STREET PARTNERS AT COST 0 630,283
BOSTON COMMON ESG IMPACT INTERNATIONAL - 212,306.369 SHRS AT COST 6,152,736 6,668,543
BROWN ADVISORY SUSTAINABLE GROWTH INSTIT - 100,944.385 SHRS AT COST 4,000,518 4,855,425
CLEAN ENERGY FUND LP AT COST 6,017,776 6,177,619
COATUE GROWTH V OFFSHORE FEEDER FUND LP AT COST 1,210,300 902,050
DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. AT COST 7,287,083 7,211,445
DOUBLELINE MORTGAGE OPPORTUNITIES AT COST 111,101 540,892
ELLIOTT INTERNATIONAL LIMITED AT COST 1,006,704 6,231,379
GENERATION IM FUND PLC AT COST 2,015,659 14,447,840
GMO CLIMATE CHANGE FUND III - 220,039.043 SHRS AT COST 4,551,705 5,448,167
IMPACT AMERICA FUND III, LP AT COST 55,719 52,652
LL MORTGAGE FUND, L.P. AT COST 3,936,571 3,796,560
LL PRIVATE LENDING FUND, L.P. AT COST 2,603,835 2,600,246
MAJ INVEST GLOBAL VALUE EQUITIES FUND, LP AT COST 5,992,681 6,888,573
MERCED PARTNERS IV, L.P. AT COST 78,548 188,427
REDWOOD GROVE CAPITAL FUND, LP AT COST 6,027,192 5,972,803
RESPONSIFUND CORE EQUITY FUND - 63,717.30 SHRS. AT COST 6,265,870 6,541,261
ROSE AFFORDABLE HOUSING PERSERVATION FUND IV REIT, L.P. AT COST 1,214,353 2,872,942
ROSE AFFORDABLE HOUSING PERSERVATION FUND V REIT, L.P. AT COST 1,244,106 1,121,265
STEWART INVESTORS GLOBAL EMERGING MARKETS SUSTAINABILITY LEADERS FUND AT COST 5,093,510 5,235,092
THE CHILDREN'S INVESTMENT FUND AT COST 6,000,000 6,739,800
TRUE GREEN CAPITAL LEVERAGED FEEDER FUND III, L.P AT COST 214,076 758,206
VANGUARD INTERMEDIATE-TERM BOND INDEX ADMIRAL-1,661,904.84 SHARES AT COST 17,080,819 17,217,334
WELLINGTON CTF GLOBAL IMPACT AT COST 6,855,785 7,454,150

TY 2023 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 24,522 3,677   20,845
DUES AND PUBLICATIONS 1,196 468   728
EQUIPMENT RENTAL 1,949 292   1,657
FILING FEES 1,500 0   1,500
INSURANCE 11,119 1,667   9,452
OFFICE EXPENSE 5,766 289   5,477
OTHER EXPENSES 53,967 0   53,967
OTHER EXPENSES THRU SCHEDULE K-1'S 620,068 605,339   0
OTHER INVESTMENT EXPENSES 936 936   0


TY 2023 OtherIncomeSchedule2
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER PARTNERSHIP INCOME THRU SCHEDULE K-1'S 1,114,685 1,106,309 1,114,685
SECURITY LITIGATION PROCEEDS 35 35 35
GRANT RESCINDED 126   126


TY 2023 OtherProfessionalFeesSchedule
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BRANDING AND MARKETING CONSULTANT 700 0   700
DEI AND OPERATIONAL CONSULTING 124,350 0   124,350
INVESTMENT ADVISORY 144,000 144,000   0
STRATEGIC CONSULTING 7,200 0   7,200


TY 2023 TaxesSchedule
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 39,000 0   0
FOREIGN TAXES WITHHELD 74,073 74,073   0
UNRELATED BUSINESS INCOME TAX 40,000 0   0