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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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$139,123,141J 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 82,961 82,961  
4 Dividends and interest from securities... 2,309,384 2,308,424  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 10,097,666
b Gross sales price for all assets on line 6a 19,210,669
7 Capital gain net income (from Part IV, line 2)... 10,057,768
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
829,718 822,054  
12 Total. Add lines 1 through 11........ 13,319,729 13,271,207  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 334,718 83,680   251,038
14 Other employee salaries and wages...... 519,387 34,722   484,665
15 Pension plans, employee benefits....... 295,762 41,488   254,274
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
7,032 0   7,032
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
44,580 0   43,580
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
331,266 172,000   159,266
17 Interest............... 34,725 32,779   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
264,233 73,680   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 116,713 16,371   100,342
21 Travel, conferences, and meetings....... 22,179 1,478   20,701
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
764,847 668,497   90,509
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,735,442 1,124,695   1,411,407
25 Contributions, gifts, grants paid....... 6,720,617 6,720,617
26 Total expenses and disbursements. Add lines 24 and 25 9,456,059 1,124,695   8,132,024
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,863,670
b Net investment income (if negative, enter -0-) 12,146,512
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 300,523 1,247,882 1,247,882
2 Savings and temporary cash investments......... 1,331,989 2,581,339 2,581,339
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)....... 5,960,314 Click to see attachment
List of Attached Documents:
// Content
6,487,406 		6,979,351
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).......... 100,241,517 Click to see attachment
List of Attached Documents:
// Content
101,381,386 		128,314,569
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) 107,834,343 111,698,013 139,123,141
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........... 107,834,343 111,698,013
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)..... 107,834,343 111,698,013
30 Total liabilities and net assets/fund balances (see instructions). 107,834,343 111,698,013
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
107,834,343
2
Enter amount from Part I, line 27a .....................
2
3,863,670
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
111,698,013
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
111,698,013
Form 990-PF (2024)
Form 990-PF (2024)
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 ACCOLADE EMPOWERMENT FUND II P    
b ACCOLADE PARTNERS GROWTH I, L.P. P    
c ACCOLADE PARTNERS GROWTH II, L.P. P    
d ACCOLADE PARTNERS V, L.P. P    
e 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    
ANCHORAGE CAPITAL PARTNERS OFFSHORE, LTD. P    
BENEFIT STREET PARTNERS SPECIAL SITUATIONS FUND (CAYMAN) L.P. P    
BOSTON COMMON ESG IMPACT INTERNATIONAL P    
CLEAN ENERGY FUND, LP P    
DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. P    
DOUBLELINE MORTGAGE OPPORTUNITIES MASTER FUND LP P    
ELLIOTT INTERNATIONAL LIMITED P    
GENERATION IM FUND PLC P    
GMO CLIMATE CHANGE FUND III P    
LL MORTGAGE FUND LP P    
LL PRIVATE LENDING FUND, LP P    
MAJ INVEST GLOBAL VALUE EQUITIES FUND LP P    
MERCED PARTNERS IV, L.P. P    
REDWOOD GROVE CAPITAL FUND, LP P    
RESPONSIFUND CORE EQUITY FUND P    
ROSE AFFORDABLE HOUSING PRESERVATION FUND IV REIT, L.P. P    
SALE OF PUBLICLY TRADED SECURITIES      
STEWART INVESTORS GLOBAL EM P    
TRUE GREEN CAPITAL LEVERAGED FEEDER FUND III, L.P P    
WELLINGTON CTF GLOBAL IMPACT PORTFOLIO 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       85
b       43,886
c       18,929
d       334,471
e       82,678
      15,877
      7,474
      -11,848
      431,492
      55,545
1,000,015   866,690 133,325
      637,788
      173,349
      -457
4,311,888   1,006,704 3,305,184
      1,205,634
1,000,000   894,031 105,969
      19,008
      1,222
      1,303,263
      9,059
      145,693
7,110,616   6,266,666 843,950
      270,001
1,802,903   1,298,616 504,287
      -51,273
      16,652
      165,760
290,765     290,765
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       85
b       43,886
c       18,929
d       334,471
e       82,678
      15,877
      7,474
      -11,848
      431,492
      55,545
      133,325
      637,788
      173,349
      -457
      3,305,184
      1,205,634
      105,969
      19,008
      1,222
      1,303,263
      9,059
      145,693
      843,950
      270,001
      504,287
      -51,273
      16,652
      165,760
      290,765
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 10,057,768
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) 1 168,837
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........................... 3 168,837
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- ..... 5 168,837
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 220,699
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 220,699
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 51,862
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow51,862 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? 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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
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 		334,718 88,747 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 		200,000 31,440 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
CATHERINE PORTER DIRECTOR OF OPERATIO
40.00 		138,886 59,419 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
NAICHE PARKER PROG. OFFICER/RACIAL
40.00 		106,000 34,674 0
16 E 52ND ST STE 601
NEW YORK,NY100225306
SAMANTHA STERN GRANTS MANAGER & ADM
40.00 		74,500 29,059 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 (2024)
Form 990-PF (2024)
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 172,000
125 HIGH STREET
BOSTON,MA02110
MARIGOLD STRATEGY OPERATIONAL CONSULTANTS 133,350
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 (2024)
Form 990-PF (2024)
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
138,656,945
b
Average of monthly cash balances.......................
1b
2,086,402
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
140,743,347
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
140,743,347
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,111,150
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
138,632,197
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,931,610
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
6,931,610
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
168,837
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
6,752
c
Add lines 2a and 2b............................
2c
175,589
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,756,021
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
6,756,021
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
6,756,021
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
8,132,024
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
8,132,024
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 6,756,021
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022...... 948,598
e From 2023...... 2,296,450
f Total of lines 3a through e ........ 3,245,048
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 8,132,024
a Applied to 2023, 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 2024 distributable amount..... 6,756,021
e Remaining amount distributed out of corpus 1,376,003
5 Excess distributions carryover applied to 2024. 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 4,621,051
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		4,621,051
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 948,598
d Excess from 2023.... 2,296,450
e Excess from 2024.... 1,376,003
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 FEBRUARY-APRIL 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 (2024)
Form 990-PF (2024)
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 PROGRAM/PROJECT SUPPORT 15,000

ABRONS ARTS CENTERHENRY STREET SETTLEMENT

265 HENRY STREET
NEW YORK,NY10002 		N/A PC GENERAL OPERATING SUPPORT 50,000

AFRICAN COMMUNITIES TOGETHER

127 WEST 127TH STREET SUITE 221
NEW YORK,NY10027 		N/A PC GENERAL OPERATING SUPPORT 80,000

ALIGN

42 BROADWAY SUITE 2160
NEW YORK,NY10004 		N/A PC GENERAL OPERATING SUPPORT 100,000

ARABELLA ADVISORS' WINDWARD FUND

1828 L ST NW STE 300-C
WASHINGTON,DC20036 		N/A PC PROGRAM/PROJECT SUPPORT 200,000

ARABELLA ADVISORS' WINDWARD FUND

1828 L ST NW STE 300-C
WASHINGTON,DC20036 		N/A PC PROGRAM/PROJECT SUPPORT 50,000

ASSOCIATION FOR NEIGHBORHOOD & HOUSING DEVELOPMENT (ANHD)

50 BROAD STREET STE 1402
NEW YORK,NY10004 		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 535

AUTISTIC ADULTS NYC INC

67 WEST ST STE 401
BROOKLYN,NY11222 		N/A PC GENERAL OPERATING SUPPORT 1,000

BOLD FUTURES (FORMERLY YOUNG WOMEN UNITED)

309 GOLD AVE SW
ALBUQUERQUE,NM87102 		N/A PC GENERAL OPERATING SUPPORT 70,000

BRANDWORKERS

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

BRONX DOCUMENTARY CENTER

614 COURTLANDT AVE
BRONX,NY10451 		N/A PC GENERAL OPERATING SUPPORT 50,000

BROOKLYN ACADEMY OF MUSIC INC

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

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 70,000

BROOKLYN ARTS EXCHANGE INC (BAX)

421 FIFTH AVENUE
BROOKLYN,NY11215 		N/A PC GENERAL OPERATING SUPPORT 50,000

BVM CAPACITY BUILDING INSTITUTE

4751 BEST RD STE 200
ATLANTA,GA30337 		N/A PC GENERAL OPERATING SUPPORT 20,000

BVM CAPACITY BUILDING INSTITUTE

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

CALIFORNIA LATINAS FOR REPRODUCTIVE JUSTICE

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

CENTER FOR FAMILY LIFE IN SUNSET PARK

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

CENTER FOR POPULAR DEMOCRACY

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

CHESAPEAKE CLIMATE ACTION NETWORK

PO BOX 11138
TAKOMA PARK,MD20913 		N/A PC GENERAL OPERATING SUPPORT 30,000

CITIZEN ACTION OF NEW YORK

PO BOX 6360
ALBANY,NY12206 		N/A PC GENERAL OPERATING SUPPORT 240

CLASSICAL THEATRE OF HARLEM

1850 AMSTERDAM AVENUE
NEW YORK,NY10031 		N/A PC PROGRAM/PROJECT SUPPORT 25,000

COMMUNITIES RESIST

434 SOUTH 5TH STREET
BROOKLYN,NY11211 		N/A PC PROGRAM/PROJECT SUPPORT 60,000

COMMUNITY FUNDS INC (AKA NEW YORK COMMUNITY TRUST)

909 THIRD AVENUE 22ND FLOOR
NEW YORK,NY10022 		N/A PC PROGRAM/PROJECT SUPPORT 50,000

CONCRETE TEMPLE THEATRE

211 E 14TH ST
NEW YORK,NY10003 		N/A PC GENERAL OPERATING SUPPORT 250

CONSULTATIVE GROUP ON BIOLOGICAL DIVERSITY (DBA BIODIVERSITY FUNDERS GROU

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

DEMOS

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

DIXON PLACE

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

DOCUMENTED

PO BOX 924
NEW YORK,NY10272 		N/A PC GENERAL OPERATING SUPPORT 250

EARTHJUSTICE

50 CALIFORNIA STREET SUITE 500
SAN FRANCISCO,CA94111 		N/A PC PROGRAM/PROJECT SUPPORT 80,000

EARTHWORKS

1612 K ST NW SUITE 904
WASHINGTON,DC20006 		N/A PC PROGRAM/PROJECT SUPPORT 50,000

ELEVATOR REPAIR SERVICE THEATER INC

47 GREAT JONES STREET 3RD FLOOR
NEW YORK,NY10012 		N/A PC GENERAL OPERATING SUPPORT 30,000

ENVIRONMENTAL ADVOCATES OF NEW YORK

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

ENVIRONMENTAL ADVOCATES OF NEW YORK

353 HAMILTON STREET
ALBANY,NY12210 		N/A PC GENERAL OPERATING SUPPORT 60,000

ENVIRONMENTAL GRANTMAKERS ASSOCIATION (EGA)

475 RIVERSIDE DRIVE SUITE 960
NEW YORK,NY10115 		N/A PC GENERAL OPERATING SUPPORT 9,418

FLORIDA RISING (DBA NEW FLORIDA MAJORITY EDUCATION FUND INC)

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

FLORIDA RISING (DBA NEW FLORIDA MAJORITY EDUCATION FUND INC)

10800 BISCAYNE BLVD STE 1050
MIAMI,FL331617566 		N/A PC GENERAL OPERATING SUPPORT 25,000

FORGE PROJECT ASSOCIATION

708 NEW FORGE ROAD II
ANCRAM,NY12502 		N/A PC GENERAL OPERATING SUPPORT 500

FRIENDS OF THE EARTH

1101 15TH ST NW 11TH FLOOR
WASHINGTON,DC20005 		N/A PC PROGRAM/PROJECT SUPPORT 50,000

FUNDERS FOR REPRODUCTIVE EQUITY

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

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 35,000

HARTFORD RELIGIOUS SOCIETY OF FRIENDS

144 S QUAKER LAN
WEST HARTFORD,CT06119 		N/A PC GENERAL OPERATING SUPPORT 2,500

HI-ARTS

215 EAST 99TH ST
NEW YORK,NY10029 		N/A PC GENERAL OPERATING SUPPORT 60,000

HOUR CHILDREN

36-11 12TH ST
LONG ISLAND CITY,NY11106 		N/A PC GENERAL OPERATING SUPPORT 100

IN OUR OWN VOICE NATIONAL BLACK WOMEN'S REPRODUCTIVE JUSTICE

601 13TH STREET SUITE 650N
WASHINGTON,DC20005 		N/A PC PROGRAM/PROJECT SUPPORT 200,000

INDIGENOUS ENVIRONMENTAL NETWORK

PO BOX 485
BEMIDJI,MN56619 		N/A PC GENERAL OPERATING SUPPORT 80,000

INTENTIONAL ENDOWMENTS NETWORK CO THE CRANE INSTITUTE OF SUSTAINABILITY INC

13 ELM ST
MANCHESTER,MA019441314 		N/A PC GENERAL OPERATING SUPPORT 1,375

JEWS FOR RACIAL AND ECONOMIC JUSTICE COMMUNITY

1120 AVENUE OF THE AMERICAS 4TH
FLOOR
NEW YORK,NY10036 		N/A PC PROGRAM/PROJECT SUPPORT 30,000

KENTUCKY COALITION

PO BOX 1450
LONDON,KY40743 		N/A PC PROGRAM/PROJECT SUPPORT 75,000

LA MAMA EXPERIMENTAL THEATRE CLUB INC

66 EAST 4TH STREET
NEW YORK,NY10003 		N/A PC GENERAL OPERATING SUPPORT 150

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 50,000

LEAGUE OF CONSERVATION VOTERS EDUCATION FUND

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

LONG ISLAND PROGRESSIVE COALITION

90 PENNSYLVANIA AVENUE
MASSAPEQUA,NY11758 		N/A PC GENERAL OPERATING SUPPORT 70,000

LOUISIANA BUCKET BRIGADE

4731 CANAL STREET
NEW ORLEANS,LA70119 		N/A PC GENERAL OPERATING SUPPORT 50,000

MAKE THE ROAD NEW YORK

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

MARBLE HILL NURSERY

5470 BROADWAY
BRONX,NY10463 		N/A PC GENERAL OPERATING SUPPORT 3,333

MEDICAL STUDENTS FOR CHOICE

PO BOX 20132
PHILADELPHIA,PA19145 		N/A PC GENERAL OPERATING SUPPORT 60,000

MICHIGAN VOICES

2727 2ND AVENUE SUITE 109
DETROIT,MI48201 		N/A PC GENERAL OPERATING SUPPORT 25,000

MINKWON CENTER FOR COMMUNITY ACTION

13329 41ST AVE 202
FLUSHING,NY11355 		N/A PC GENERAL OPERATING SUPPORT 100,000

MINKWON CENTER FOR COMMUNITY ACTION

13329 41ST AVE 202
FLUSHING,NY11355 		N/A PC GENERAL OPERATING SUPPORT 1,036

MONTELLO FOUNDATION

195 CHRYSTIE STREET 809H
NEW YORK,NY10002 		N/A PC GENERAL OPERATING SUPPORT 250

MORNINGSIDE CENTER FOR TEACHING SOCIAL RESPONSIBILITY

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

MUSEUM HUE

495 FLATBUSH AVENUE
BROOKLYN,NY11225 		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 100,000

NATIONAL BLACK THEATRE WORKSHOP INC

213 W 137TH STREET
NEW YORK,NY10030 		N/A PC GENERAL OPERATING SUPPORT 60,000

NATIONAL PARTNERSHIP FOR NEW AMERICANS

1805 S ASHLAND AVE
CHICAGO,IL60608 		N/A PC PROGRAM/PROJECT SUPPORT 125,000

NEIGHBORHOOD FUNDERS GROUP

548 MARKET STREET 96531
SAN FRANCISCO,CA941045401 		N/A PC GENERAL OPERATING SUPPORT 3,750

NEIGHBORHOOD FUNDERS GROUP

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

NEO PHILANTHROPY

45 WEST 36TH STREET 6TH FLOOR
NEW YORK,NY10018 		N/A PC GENERAL OPERATING SUPPORT 6,000

NEO PHILANTHROPY INC

1001 AVENUE OF THE AMERICAS 12TH
FLOOR
NEW YORK,NY10018 		N/A PC PROGRAM/PROJECT SUPPORT 70,000

NEO PHILANTHROPY INC

1001 AVENUE OF THE AMERICAS 12TH
FLOOR
NEW YORK,NY10018 		N/A PC PROGRAM/PROJECT SUPPORT 5,000

NEW SETTLEMENT APARTMENTS

1512 TOWNSEND AVENUE GROUND FLOOR
BRONX,NY10452 		N/A PC PROGRAM/PROJECT SUPPORT 75,000

NEW VOICES FOR REPRODUCTIVE JUSTICE

PO BOX 5256
PITTSBURGH,PA15206 		N/A PC GENERAL OPERATING SUPPORT 10,000

NEW VOICES FOR REPRODUCTIVE JUSTICE

PO BOX 5256
PITTSBURGH,PA15206 		N/A PC GENERAL OPERATING SUPPORT 30,000

NEW VOICES FOR REPRODUCTIVE JUSTICE

PO BOX 5256
PITTSBURGH,PA15206 		N/A PC GENERAL OPERATING SUPPORT 70,000

NEW YORK CITY ENVIRONMENTAL JUSTICE ALLIANCE

462 36TH STREET SUITE 3F
BROOKLYN,NY11232 		N/A PC GENERAL OPERATING SUPPORT 125,000

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 ENGAGE NEW YORK 100,000

NEW YORK FOUNDATION

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

NEW YORK LIVE ARTS INC

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

NEW YORKERS FOR CUTLURE AND ARTS

64 BLEECKER ST 120
NEW YORK,NY10012 		N/A PC GENERAL OPERATING SUPPORT 155

NORTH STAR FUND

520 EIGHTH AVENUE SUITE 1800
NEW YORK,NY10018 		N/A PC PROGRAM/PROJECT SUPPORT 50,000

NORTH STAR FUND

520 EIGHTH AVENUE SUITE 1800
NEW YORK,NY10018 		N/A PC PROGRAM/PROJECT SUPPORT 100,000

NORTH STAR FUND

520 EIGHTH AVENUE SUITE 1800
NEW YORK,NY10018 		N/A PC GENERAL OPERATING SUPPORT 100

NORTHWEST BRONX COMMUNITY AND CLERGY COALITION

103 EAST 196TH STREET
BRONX,NY10468 		N/A PC PROGRAM/PROJECT SUPPORT 110,000

NYS TENANTS & NEIGHBORS

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

PAUL J AICHER FOUNDATION

430 NEW PARK AVENUE SUITE 102-1037
HARTFORD,CT06106 		N/A PF EVERYDAY DEMOCRACY 5,000

PENNSYLVANIA VOICE

123 S BROAD STREET STE 630
PHILADELPHIA,PA19109 		N/A PC GENERAL OPERATING SUPPORT 25,000

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

POSSIBILITY LABS

1410 FRANKLIN STREET 135
SAN FRANCISCO,CA94109 		N/A PC GENERAL OPERATING SUPPORT 5,000

POWER (PHILADELPHIANS ORGANIZED TO WITNESS EMPOWER & REBUILD)

1415 N BROAD ST STE 223
PHILADELPHIA,PA19122 		N/A PC GENERAL OPERATING SUPPORT 80,000

POWER (PHILADELPHIANS ORGANIZED TO WITNESS EMPOWER & REBUILD)

1415 N BROAD ST STE 223
PHILADELPHIA,PA19122 		N/A PC GENERAL OPERATING SUPPORT 10,000

PRATT INSTITUTE DBA PRATT CENTER FOR COMMUNITY DEVELOPMENT

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

PREGONES THEATER PUERTO RICAN TRAVELING THEATER

571-575 WALTON AVENUE
BRONX,NY10451 		N/A PC GENERAL OPERATING SUPPORT 60,000

PROGEORGIA STATE TABLE INC

151 ELLIS ST NE FL 1
ATLANTA,GA303032437 		N/A PC GENERAL OPERATING SUPPORT 30,000

PUBLIC POLICY AND EDUCATION FUND OF NEW YORK

94 CENTRAL AVE
ALBANY,NY122063002 		N/A PC PROGRAM/PROJECT SUPPORT 100,000

RED HOOK INITIATIVE

767 HICKS STREET
BROOKLYN,NY11231 		N/A PC GENERAL OPERATING SUPPORT 50,000

RED HOOK INITIATIVE

767 HICKS STREET
BROOKLYN,NY11231 		N/A PC GENERAL OPERATING SUPPORT 134

RIVERSIDE LANGUAGE PROGRAM

270 W 89TH ST
NEW YORK,NY10024 		N/A PC GENERAL OPERATING SUPPORT 1,000

SISTERSONG WOMEN OF COLOR REPRODUCTIVE JUSTICE COLLECTIVE

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

SOCIAL MOVEMENT TECHNOLOGIES FOUNDATION INC

12 BEACON HILL DRIVE
BLOOMFIELD,CT06002 		N/A PC GENERAL OPERATING SUPPORT 2,500

STAND (FORMERLY FORESTETHICS)

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

STATE VOICES

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

STATE VOICES

1616 P STREET NW STE 220
WASHINGTON,DC20036 		N/A PC GENERAL OPERATING SUPPORT 50,000

THE ADVOCACY INSTITUTE

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

THE ADVOCACY INSTITUTE

539 ATLANTIC AVENUE 170457
BROOKLYN,NY11217 		N/A PC GENERAL OPERATING SUPPORT 57

THE ADVOCACY INSTITUTE

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

THE BANG GROUP

131 PERRY STREET 1A
NEW YORK,NY10014 		N/A PC GENERAL OPERATING SUPPORT 250

THE BILLIE HOLIDAY THEATER

1406 FULTON STREET
BROOKLYN,NY11216 		N/A PC GENERAL OPERATING SUPPORT 5,000

THE BRONX MUSEUM OF THE ARTS

1040 GRAND CONCOURSE
BRONX,NY10456 		N/A PC GENERAL OPERATING SUPPORT 50,000

THE LAUNDROMAT PROJECT

1476 FULTON ST
BROOKLYN,NY11216 		N/A PC GENERAL OPERATING SUPPORT 60,000

THE NATIONAL LATINA INSTITUTE FOR REPRODUCTIVE JUSTICE

125 MAIDEN LANE 9TH FLOOR
NEW YORK,NY10038 		N/A PC GENERAL OPERATING SUPPORT 100,000

THE NATIONAL LATINA INSTITUTE FOR REPRODUCTIVE JUSTICE

125 MAIDEN LANE 9TH FLOOR
NEW YORK,NY10038 		N/A PC GENERAL OPERATING SUPPORT 34

THE NEW YORK COMMUNITY TRUST

909 THIRD AVENUE 22ND FLOOR
NEW YORK,NY10022 		N/A PC PROGRAM/PROJECT SUPPORT 100,000

THE NEW YORK IMMIGRATION COALITION

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

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 PROGRAM/PROJECT SUPPORT 40,000

THE PERFORMANCE ZONE INC DBA THE FIELD

228 PARK AVE S SUITE 97217
NEW YORK,NY10003 		N/A PC GENERAL OPERATING SUPPORT 20,000

THE POINT COMMUNITY DEVELOPMENT CORPORATION

940 GARRISON AVENUE
BRONX,NY10474 		N/A PC GENERAL OPERATING SUPPORT 75,000

TIDES FOUNDATION

1014 TORNEY AVENUE
SAN FRANCISCO,CA94129 		N/A PC PROGRAM/PROJECT SUPPORT 225,000

UNITED WAY OF NYC

205 EAST 42 STREET 12TH FLOOR
NEW YORK,NY10017 		N/A PC PROGRAM/PROJECT SUPPORT 200,000

URGE UNITE FOR REPRODUCTIVE & GENDER EQUITY (FKA CHOICE USA)

4315 50TH ST NW SUITE 800
WASHINGTON,DC20016 		N/A PC GENERAL OPERATING SUPPORT 100,000

VOICES OF COMMUNITY ACTIVISTS AND LEADERS

495 FLATBUSH AVENUE
BROOKLYN,NY11238 		N/A PC PROGRAM/PROJECT SUPPORT 100,000

WEST VIRGINIA FREE

PO BOX 11042
CHARLESTON,WV25339 		N/A PC GENERAL OPERATING SUPPORT 70,000
Total .................................right arrow 3a 6,720,617
bApproved for future payment

NATIONAL PEOPLE'S ACTION (PEOPLE'S ACTION INSTITUTE)
1130 N MILWAUKEE AVE
CHICAGO,IL60642 		N/A PC PROGRAM/PROJECT SUPPORT 100,000

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

PROGRESSIVE MULTIPLIER FUND
1802 VERNON ST NW 1122
WASHINGTON,DC20009 		N/A PC PROGRAM/PROJECT SUPPORT 225,000

THE NATIONAL LATINA INSTITUTE FOR REPRODUCTIVE JUSTICE
126 MAIDEN LANE 9TH FLOOR
NEW YORK,NY10038 		N/A PC PROGRAM/PROJECT SUPPORT 200,000

THIRD SECTOR NEW ENGLAND INC
365 BROADWAY
BROOKLYN,NY11211 		N/A PC PROGRAM/PROJECT SUPPORT 25,000

UNITED WAY OF NYC
205 EAST 42 STREET 12TH FLOOR
NEW YORK,NY10017 		N/A PC PROGRAM/PROJECT SUPPORT 10,000

URBAN JUSTICE CENTER
40 RECTOR STREET 9TH FLOOR
NEW YORK,NY10006 		N/A PC GENERAL OPERATING SUPPORT 70,000
Total ................................. right arrow 3b 780,000
Form 990-PF (2024)
Form 990-PF (2024)
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 82,961  
4 Dividends and interest from securities .... 901101 960 14 2,308,424  
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 7,664 01 822,045  
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 39,898 18 10,057,768  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aSECURITY LITIGATION PROCEEDS 		    01 9  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 48,522 13,271,207 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
13,319,729
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 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 30,150 0   29,150
OTHER ACCOUNTING SERVICES 14,430 0   14,430

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

TY 2024 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 NEW YORK 150,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAVE BEEN NO DIVERSIONS 10/30/24, 9/16/25   THE FOUNDATION HAS NOT UNDERTAKEN AN INVESTIGATION OF THE GRANTEE'S REPORTS BECAUSE THE FOUNDATION HAS NO REASON TO BELIEVE THAT THOSE REPORTS ARE OF DUBIOUS ACCURACY OR RELIABILITY.
NEW YORK FOUNDATION
  		150 WEST 30TH STREET SUITE 1401
NEW YORK,NY10001 		2024-12-04 100,000 ENGAGE NEW YORK 0 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAVE BEEN NO DIVERSIONS NOT YET DUE   THE FOUNDATION HAS NOT UNDERTAKEN AN INVESTIGATION OF THE GRANTEE'S REPORTS BECAUSE THE FOUNDATION HAS NO REASON TO BELIEVE THAT THOSE REPORTS ARE OF DUBIOUS ACCURACY OR RELIABILITY.
NEW YORK FOUNDATION
  		150 WEST 30TH STREET SUITE 1401
NEW YORK,NY10001 		2024-03-08 150,000 YOUTH ORGANIZING & CULTURE CHANGE FUND 75,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAVE BEEN NO DIVERSIONS 10/1/25   THE FOUNDATION HAS NOT UNDERTAKEN AN INVESTIGATION OF THE GRANTEE'S REPORTS BECAUSE THE FOUNDATION HAS NO REASON TO BELIEVE THAT THOSE REPORTS ARE OF DUBIOUS ACCURACY OR RELIABILITY.
NEW YORK FOUNDATION
  		150 WEST 30TH STREET SUITE 1401
NEW YORK,NY10001 		2024-03-08 150,000 NEIGHBORHOODS FIRST FUND 150,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAVE BEEN NO DIVERSIONS 9/17/25   THE FOUNDATION HAS NOT UNDERTAKEN AN INVESTIGATION OF THE GRANTEE'S REPORTS BECAUSE THE FOUNDATION HAS NO REASON TO BELIEVE THAT THOSE REPORTS ARE OF DUBIOUS ACCURACY OR RELIABILITY.
PAUL J AICHER FOUNDATION
  		430 NEW PARK AVENUE SUITE 102-1037
HARTFORD,CT06106 		2024-06-03 5,000 EVERYDAY DEMOCRACY 5,000 TO THE KNOWLEDGE OF THE FOUNDATION, THERE HAVE BEEN NO DIVERSIONS 10/2/25   THE FOUNDATION HAS NOT UNDERTAKEN AN INVESTIGATION OF THE GRANTEE'S REPORTS BECAUSE THE FOUNDATION HAS NO REASON TO BELIEVE THAT THOSE REPORTS ARE OF DUBIOUS ACCURACY OR RELIABILITY.

TY 2024 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 - SRCE - 850 SHRS 38,930 49,623
ACUITY BRANDS INC - AYI - 400 SHRS 65,920 116,852
AMPHASTAR PHARMACEUTICALS IN - AMPH - 2023 SHRS 95,172 75,114
APPLIED INDL TECHNOLOGIES INC - AIT - 575 SHRS 90,003 137,695
APTAR GROUP INC - ATR - 442 SHRS 58,717 69,438
ATKORE INC - ATKR - 570 SHRS 85,016 47,566
AXCELIS TECHNOLOGIES INC - ACLS - 987 SHRS 98,405 68,962
BADGER METER INC - BMI - 475 SHRS 79,882 100,757
BLOCK H R INC - HRB - 983 SHRS 55,495 51,942
CABLE ONE INC - CABO - 125 SHRS 78,579 45,265
CACTUS INC A - WHD - 2263 SHRS 125,548 132,069
CARTERS INC - CRI - 1071 SHRS 76,187 58,038
CATHAY GENERAL BANCORP - CATY - 1365 SHRS 50,038 64,988
CAVCO INDUSTRIAL INC - CVCO - 252 SHRS 72,253 112,450
CHEMED CORP - CHE - 273 SHRS 144,011 144,635
CHESAPEAKE UTILITIES CORP - CPK - 600 SHRS 62,895 72,810
CHOICE HOTELS INTL INC - CHH - 885 SHRS 113,036 125,652
COHEN STEERS INC - CNS - 1190 SHRS 77,841 109,885
COLUMBIA SPORTSWEAR CO - COLM - 1505 SHRS 111,598 126,315
COMMERCE BANCSHARES INC - CBSH - 1599.05 SHRS 76,780 99,637
CORCEPT THERAPEUTICS INC - CORT - 1817 SHRS 60,342 91,559
CORE LABORATORIES INC COM - CLB - 2405 SHRS 54,173 41,630
CORVEL CORP - CRVL - 1380 SHRS 95,658 153,539
CSG SYS INTL INC - CSGS - 1950 SHRS 104,999 99,664
CULLEN FROST BANKERS INC - CFR - 1231 SHRS 134,425 165,262
DOLBY LABORATORIES INC CL A - DLB - 1,189 SHRS 86,920 92,861
DONALDSON CO INC - DCI - 1,855 SHRS 119,868 124,934
DONNELLEY FINANCIAL SOLUTIONS INC - DFIN - 1564 SHRS 85,565 98,110
EVERCORE INC - EVR - 496 SHRS 70,341 137,486
EXLSERVICE HOLDINGS INC - EXLS - 3357 SHRS 98,446 148,984
FLOWERS FOODS INC COM - FLO - 4641 SHRS 105,835 95,883
FOUR CORNERS PROPERTY TRUST - FCPT - 2630 SHRS 63,049 71,378
FRANKLIN ELEC INC - FELE - 1235 SHRS 122,266 120,351
GLOBUS MED INC A - GMED - 1455 SHRS 78,581 120,343
GRAPHIC PACKAGING HLDG CO COM - GPK - 2557 SHRS 75,474 69,448
HAEMONETICS CORP MASS COM - HAE - 1836 SHRS 158,512 143,355
HALOZYME THERAPEUTICS INC - HALO - 1803 SHRS 92,391 86,202
HANOVER INS GROUP INC - THG - 725 SHRS 78,638 112,128
HELMERICH PAYNE INC - HP - 2980 SHRS 124,738 95,420
ICU MEDICAL INC - ICUI - 645 SHRS 81,524 100,085
IDACORP INC - IDA - 775 SHRS 74,360 84,692
INDEPENDENT BK CORP MASS - INDB - 1240 SHRS 73,166 79,596
INMODE LTD - INMD - 2815 SHRS 54,808 47,010
INSPERITY INC - NSP - 450 SHRS 45,917 34,879
INSTALLED BUILDING PRODUCTS - IBP - 334 SHRS 64,309 58,533
INTERDIGITAL INC - IDCC - 572 SHRS 49,171 110,808
INTERNATIONAL BANCSHARES CORP - IBOC - 2037 SHRS 102,712 128,657
LANCASTER COLONY CORP - LANC - 615 SHRS 104,280 106,481
LANDSTAR SYS INC - LSTR - 561 SHRS 107,839 96,414
LITTELFUSE INC - LFUS - 629 SHRS 160,559 148,224
MINERALS TECHNOLOGIES INC - MTX - 1240 SHRS 77,370 94,500
MSC INDL DIRECT CO INC CL A - MSM - 1266 SHRS 125,921 94,557
ONE GAS INC - OGS - 1166 SHRS 84,725 80,745
PLEXUS CORP - PLXS - 775 SHRS 79,149 121,272
POWER INTEGRATIONS INC - POWI - 1555 SHRS 132,980 95,943
PRESTIGE BRANDS HLDGS INC - PBH - 1687 SHRS 123,805 131,738
PROGRESS SOFTWARE CORP - PRGS - 2080 SHRS 121,649 135,512
QUALYS INC - QLYS - 1090 SHRS 162,497 152,840
SELECTIVE INS GROUP INC - SIGI - 1333 SHRS 133,857 124,662
SENSIENT TECHNOLOGIES CORP - SXT - 1065 SHRS 66,174 75,892
SHUTTERSTOCK INC - SSTK - 1140 SHRS 47,919 34,599
SILGAN HLDGS INC - SLGN - 2760 SHRS 125,122 143,658
SIMPLY GOOD FOODS COMPANY - SMPL - 3761 SHRS 133,848 146,604
STAG INDUSTRIAL INC - STAG - 3220 SHRS 118,874 108,901
TERADATA CORP - TDC - 3315 SHRS 143,048 103,262
U S PHYSICAL THERAPY INC - USPH - 1050 SHRS 105,392 93,145
UFP TECHNOLOGIES INC - UFPT - 225 SHRS 56,191 55,015
UMB FINL CORP - UMBF - 534 SHRS 34,634 60,267
UNITIL CORP - UTL - 800 SHRS 39,391 43,352
VALMONT INDS INC - VMI - 225 SHRS 57,365 69,001
WATTS WATER TECHNOLOGIES CL A - WTS - 690 SHRS 132,323 140,277

TY 2024 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 387,626 434,904
ACCOLADE PARTNERS GROWTH I, L.P. AT COST 758,254 1,463,319
ACCOLADE PARTNERS GROWTH II, L.P. AT COST 288,300 340,019
ACCOLADE PARTNERS V, L.P. AT COST 969,493 2,233,770
ACCOLADE PARTNERS VI, L.P. AT COST 745,848 1,688,439
ACCOLADE PARTNERS VII, L.P. AT COST 844,072 1,453,858
ACCOLADE PARTNERS VIII, L.P. AT COST 715,249 873,490
AETHER REAL ASSETS II, L.P. AT COST 689,484 382,875
ANCHORAGE CAPITAL PARTNERS OFFSHORE LTD AT COST 0 737,692
BENEFIT STREET PARTNERS SPECIAL SITUATIONS FUND (CAYMAN) L.P. AT COST 0 558,399
BOSTON COMMON ESG IMPACT INTERNATIONAL - 187,192.818 SHRS AT COST 5,437,733 5,761,795
BROWN ADVISORY SUSTAINABLE GROWTH INSTIT - 106,057.191 SHRS AT COST 4,291,283 5,844,812
CLEAN ENERGY FUND LP AT COST 6,735,150 7,097,811
COATUE GROWTH V OFFSHORE FEEDER FUND LP AT COST 1,313,466 1,005,852
DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. AT COST 8,081,318 7,958,070
DOUBLELINE MORTGAGE OPPORTUNITIES AT COST 76,306 489,936
ELLIOTT INTERNATIONAL LIMITED AT COST 0 2,282,600
GENERATION IM FUND PLC AT COST 3,221,293 15,936,901
GMO CLIMATE CHANGE FUND III - 177,901.689 SHRS AT COST 3,679,154 3,255,601
IMPACT AMERICA FUND III, LP AT COST 69,070 66,425
LL MORTGAGE FUND, L.P. AT COST 4,262,407 4,193,485
LL PRIVATE LENDING FUND, L.P. AT COST 2,851,663 2,850,566
MAJ INVEST GLOBAL VALUE EQUITIES FUND, LP AT COST 7,397,195 7,977,555
MERCED PARTNERS IV, L.P. AT COST 46,705 86,028
REDWOOD GROVE CAPITAL FUND, LP AT COST 6,193,588 6,270,768
ROSE AFFORDABLE HOUSING PERSERVATION FUND IV REIT, L.P. AT COST 1,148,901 2,581,902
ROSE AFFORDABLE HOUSING PERSERVATION FUND V REIT, L.P. AT COST 1,228,454 926,315
STEWART INVESTORS GLOBAL EMERGING MARKETS SUSTAINABILITY LEADERS FUND AT COST 5,081,814 5,055,522
THE CHILDREN'S INVESTMENT FUND AT COST 6,000,000 7,684,200
TRUE GREEN CAPITAL LEVERAGED FEEDER FUND III, L.P AT COST 0 463,653
VANGUARD FTSE SOCIAL INDEX FUND ADMIRAL - 101,383.734 SHRS AT COST 5,046,094 5,718,043
VANGUARD INTERMEDIATE-TERM BOND INDEX ADMIRAL-1,477,625.98 SHARES AT COST 17,730,301 17,477,626
WELLINGTON CTF GLOBAL IMPACT AT COST 6,091,165 7,162,338

TY 2024 LegalFeesSchedule
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EMPLOYMENT LAW 5,282 0   5,282
GENERAL LEGAL COUNSEL 1,750 0   1,750


TY 2024 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 38,165 5,353   32,812
DUES AND PUBLICATIONS 1,494 499   995
EQUIPMENT RENTAL 1,972 277   1,695
FILING FEES 1,500 0   1,500
INSURANCE 13,631 1,912   11,719
OFFICE EXPENSE 3,457 278   3,179
OTHER EXPENSES 38,609 0   38,609
OTHER EXPENSES THRU SCHEDULE K-1'S 665,132 659,291   0
OTHER INVESTMENT EXPENSES 887 887   0


TY 2024 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 713,687 706,023 713,687
OTHER INVESTMENT INCOME 116,022 116,022 116,022
SECURITY LITIGATION PROCEEDS 9 9 9


TY 2024 OtherProfessionalFeesSchedule
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OPERATIONAL CONSULTING 133,350 0   133,350
HUMAN RESOURCES CONSULTING 21,250 0   21,250
INVESTMENT ADVISORY 172,000 172,000   0
PERSONNEL SEARCH 4,666 0   4,666


TY 2024 TaxesSchedule
Name:
THE SCHERMAN FOUNDATION INC
EIN:
13-6098464
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 190,000 0   0
FOREIGN TAXES WITHHELD 74,233 73,680   0