Sherman Fairchild Foundation
Sherman Mills Fairchild was the founder and chairman of many Fairchild Corporations. Howard Hughes was a close friend who stayed at Fairchild's Lond Island Estate when he came to New York. Mr. Fairchild formed two charitable Foundations, the Fairchild Foundation and the Sherman Fairchild Foundation during his lifetime. Upon his death on March 28, 1971 he left the bulk of his 200+ million dollar estate to his Foundations.
The Sherman Fairchild Foundation assets have grown to 500+ Million in recent years and is headquartered in Chevy Chase, MD. Bonnie Burke Himmelman is the current president. Grants usually are in the 25,000 to 100,000 dollar range, however they can be in the millions.
2003 Board of Directors
Bonnie Burke Himmelman, President and Director, Walter F. Burke 111, Chairman and Director, Walter Burke, Treasurer, Robert Henderson, Director, Agnar Pytte, Director, Bruce Dresner, Director, Michele Myers, Director, Charles Pierce, Director, James Wright (President of Dartmouth College), Director
Notable Grants; 10 Million Dartmouth College, 10 Million Caltech, 10 Million Columbia, 5 Million MIT, .48 Million Bryn Mawr College
Key Financial Information
Assets (Fair Market Value): $424,394,012 (2003); $382,834,201 (2002); $435,835,204 (2001); $510,359,835 (2000); $523,887,756 (1999) Contributions, Gifts, Grants Paid: $13,429,593 (2003); $14,649,180 (2002); $18,955,435 (2001); $18,991,027 (2000); $19,097,678 (1999) EIN: 13-1951698
Additional Financial Information
Revenue Dividends and Interest from Securities: $8,147,606 (2003); $9,180,475 (2002); $10,178,817 (2001); $9,433,310 (2000); $8,031,134 (1999) Total Revenue: $14,016,020 (2003); $-13,087,903 (2002); $25,237,078 (2001); $125,823,674 (2000); $54,308,501 (1999)
Operating and Administrative Expenses
Compensation of Officers, Directors, Trustees: $619,499 (2003); $637,199 (2002); $552,700 (2001); $478,700 (2000); $547,200 (1999) Other Employee Salaries and Wages: $153,493 (2003); $60,005 (2002); $132,001 (2001); $192,502 (2000); $103,875 (1999) Pension Plans, Employee Benefits: $211,745 (2003); $213,779 (2002); $211,716 (2001); $141,256 (2000); $109,894 (1999) Total Operating and Administrative Expenses: $5,956,425 (2003); $5,913,369 (2002); $7,259,898 (2001); $9,321,387 (2000); $7,027,642 (1999) Total Expenses and Disbursements: $19,386,018 (2003); $20,562,549 (2002); $26,215,333 (2001); $28,312,414 (2000); $26,125,320 (1999)
Grants Information for Calendar Year Ending 12/2003
Number of Grants: 61 General Range: $20,000 to $100,000 Priorities: Educational Institutions and Related Activities: 45.2%; Arts, Culture, and Humanities: 22.6%; Science and Technology Research Institutes, Services: 9.3%; Human Services -Multipurpose and Other: 7.8%; Youth Development: 7.6%; Medical Research: 3.9%; Recreation, Sports, Leisure, Athletics: 1.9% Geographic Giving Pattern: NY: 59.8%; OH: 11.9%; DC: 10.1%; MA: 6.1%; IL: 3.7%; OR: 2.0%; CA: 1.5%; NH: 1.2%; CT: 1.1% Application Guidelines Send a general outline of the proposal. Deadlines: None. Restrictions: Applications are accepted from qualified charitable organizations only. Additional Grantseeker Information Ruling Year: 1957
Books
- Wayne G. Broehl-The Sherman Fairchild Foundation, 1955-1993-(Unknown Binding) ASIN: B0006P19WA, The Foundation
- Donald L. Barlett and James B. Steele, EMPIRE, The Life, Legend, and Madness of Howard Hughes, p86, 1979- ISBN 0-393-07513-3
Links
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