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The Scherman Foundation, Inc.

Profile

Last Updated: 2016-05-11

At A Glance

The Scherman Foundation, Inc.

16 E. 52nd St., Ste. 601

New York City, NY United States 10022-5306

Telephone: (212) 832-3086

URL: www.scherman.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $119,545,367

Total giving: $5,400,572

EIN

136098464

BRIDGE Number

6986132578

Additional Contact Information

Additional e-mail address for applications: submissions@scherman.org. Please type SUPPORT REQUEST in the subject line.

Background

Incorporated in 1941 in NY - Founded by the late Harry Scherman, who was a co-founder of the Book-of-the-Month Club. Under his leadership, it had grown to more than a million members at the time of his death in 1969. The grantmaker is a signatory to Philanthropy’s Promise, an initiative of the National Committee for Responsive Philanthropy (NCRP). By signing on, the grantmaker has committed to allocating the majority of its grantmaking dollars to marginalized communities and at least 25 percent to social justice strategies, such as advocacy, community organizing, and civic engagement

Purpose and Activities

Grants largely for the environment, reproductive rights and services, human rights and liberties, the arts, and social welfare. In the social welfare field, grants are made to New York City organizations concerned with social justice, community organizing, and community development. Arts grants are limited to New York City.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Program-Related Investment

Historically, the foundation has made infrequent PRIs in the form of loans for arts and the environment. PRI making is done on a limited basis and only in special circumstances.

Fields of Interest

Subjects
  • Antidiscrimination
  • Community and economic development
  • Dance
  • Energy resources
  • Environment
  • Family planning
  • Human rights
  • Human services
  • Legal services
  • Minority rights
  • Music
  • Natural resources
  • Performing arts
  • Reproductive rights
  • Theater
  • Urban development
  • Water resources
Population Groups
  • Economically disadvantaged people
  • Ethnic and racial groups
  • Females
  • Low-income and poor people
Organizations
  • Coalitions and alliances

Financial Data

Year ended 2014-12-31

Assets: $119,545,367 (market value)

Expenditures: $7,111,498

Total giving: $5,400,572

Qualifying distributions: $6,432,130