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Leonard And Diane Sherman Family Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364345181 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Leonard And Diane Sherman Family Foundation?

The Leonard And Diane Sherman Family Foundation, located in Chicago, Illinois, is a charitable organization that adheres to the guidelines of the Jewish Federation of Metropolitan Chicago and the by-laws of the Foundation itself. Its primary mission is to foster, promote, support, develop, encourage, and maintain the broad charitable, educational, and/or religious purposes of the Jewish Federation of Metropolitan Chicago, as per their charter and bylaws. The Foundation grants funds to tax-exempt organizations under IRC Section 501(c)(3).

Is Leonard And Diane Sherman Family Foundation legitimate?

Leonard And Diane Sherman Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leonard And Diane Sherman Family Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Leonard And Diane Sherman Family Foundation?

The Leonard And Diane Sherman Family Foundation is established with a mission to support and uphold the charitable, educational, and/or religious purposes of the Jewish Federation of Metropolitan Chicago, as outlined in their by-laws. The foundation fulfills this mission by providing grants to eligible charitable organizations that comply with the guidelines set by the Jewish Federation of Metropolitan Chicago and the foundation's own by-laws, ensuring that these organizations operate under Section 501(c)(3) of the Internal Revenue Code. The primary objective of the Leonard And Diane Sherman Family Foundation is to contribute to and strengthen the broader charitable endeavors of the Jewish Federation of Metropolitan Chicago.

Who is the CEO of Leonard And Diane Sherman Family Foundation?

David Sherman is the Principal Officer of Leonard And Diane Sherman Family Foundation.

What is the revenue of Leonard And Diane Sherman Family Foundation?

Leonard And Diane Sherman Family Foundation's revenue in 2022 was $804,063.

Who are the executives of Leonard And Diane Sherman Family Foundation and what are their salaries?

There 6 volunteers at Leonard And Diane Sherman Family Foundation.


Here are 12 key members and their salaries:


Dr Steven B Nasatir (Director)
  • Compensation: $0
  • Related: $508,347
  • Other: $16,124
David S Rosen (Treasurer)
  • Compensation: $0
  • Related: $423,355
  • Other: $47,244
Eric Devir (Secretary)
  • Compensation: $0
  • Related: $88,510
  • Other: $17,536
Leonard Sherman (President (Until 11/21))
  • Compensation: $0
  • Related: $0
  • Other: $0
David A Sherman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miriam Sherman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David T Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Gaines (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Max Schrayer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry H Pachter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James A Pinkston (Assistant Treasurer)
  • Compensation: $0
  • Related: $293,232
  • Other: $36,845
Peter Chiswick (Assistant Treasurer)
  • Compensation: $0
  • Related: $222,096
  • Other: $57,766
Where can I find the form 990 for Leonard And Diane Sherman Family Foundation?

Leonard And Diane Sherman Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Leonard And Diane Sherman Family Foundation

The Leonard And Diane Sherman Family Foundation is committed to advancing the charitable, educational, and religious objectives of the Jewish Federation of Metropolitan Chicago. As per the organization's by-laws, its mission is to foster, promote, support, develop, and encourage these purposes. The Foundation serves as a vital instrument in carrying out these objectives, making grants to eligible charitable organizations that fall under the IRC Section 501(c)(3) and adhere to the guidelines set by the Jewish Federation of Metropolitan Chicago and the Foundation's own by-laws. In essence, the Leonard And Diane Sherman Family Foundation plays a significant role in bolstering the charitable work of organizations aligned with the Jewish Federation of Metropolitan Chicago, contributing to the betterment of their communities.

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Impact




October, 2024

The Leonard and Diane Sherman Family Foundation significantly impacts the community by supporting and promoting the charitable, educational, and religious initiatives of the Jewish Federation of Metropolitan Chicago. By providing grants to qualified tax-exempt organizations, the Foundation helps foster a wide range of programs that address the needs of the community, strengthen Jewish identity, and enhance social welfare.

Through its financial support, the Foundation contributes to the development and maintenance of essential services, educational opportunities, and cultural enrichment within the Jewish community and beyond. This commitment not only uplifts individuals and families but also encourages collaborative efforts among various charitable organizations, ultimately leading to a stronger, more interconnected community. The Foundation's mission ensures that resources are allocated effectively to promote positive change, reflecting a deep commitment to philanthropy and social responsibility.




This information is meant to be a general summary of Leonard And Diane Sherman Family Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$804,063 (2022)
Expenses
$1,832,504 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $67,743
  • Gross Receipts: $1,540,383

Assets and Liabilities:

  • Total Assets: $35,886,447
  • Total Liabilities: $785,575
  • Net Assets: $35,100,872

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Organization Details

Founding Year

2000

Principal Officer

David Sherman

Main Address

30 South Wells Street 4049, Chicago, IL, 60606

NTEE Category

Code: T113 - Philanthropy

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