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The Sherman Fairchild Foundation, Inc.

Profile

Last Updated: 2016-05-11

At A Glance

The Sherman Fairchild Foundation, Inc.

5454 Wisconsin Ave., Ste. 1205

Chevy Chase, MD United States 20815-6934

Telephone: (301) 913-5990

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2014-12-31)

Assets: $684,583,078

Total giving: $37,919,428

EIN

131951698

BRIDGE Number

8396040072

Background

Incorporated in 1955 in NY - Founded by the late Sherman Fairchild, who was Chairman of Fairchild Camera and Instrument Company, manufacturers of semiconductor devices in a wide variety of applications, and a director of International Business Machines, a company founded by his father. Mr. Fairchild attended Harvard College, but his formal education was interrupted by illness. He later studied engineering at Columbia University. He left Columbia during World War I to build an aerial camera for the War Department. The foundation's current name was adopted in 1974.

Purpose and Activities

Emphasis on higher education and fine arts and cultural institutions; some support for medical research and social welfare.

Fields of Interest

Subjects
  • Arts and culture
  • Diseases and conditions
  • Higher education
  • Human services
  • Performing arts
  • Visual arts
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people

Financial Data

Year ended 2014-12-31

Assets: $684,583,078 (market value)

Expenditures: $44,345,763

Total giving: $37,919,428

Qualifying distributions: $39,114,021