Leonard & Diane Sherman Family Foundation

Analysis

Leonard & Diane Sherman Family Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Leonard & Diane Sherman Family Foundation reported income of $231k and spending of $1.7m, spending 752% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $805k to $231k (-71%), an average of -27% a year. The sharpest change came in the year to June 2022, when income rose by 838%. Over the whole period it spent 212% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Leonard & Diane Sherman Family Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include The New American Dream Foundation Inc ($231k), CWTC Foundation ($231k) and Hopes in NFP ($231k).

At year end it held assets of $37.5m against liabilities of $920k, net assets of $36.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.