Sherman Fairchild Foundation

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The Sherman Fairchild Foundation, founded in 1955, is a charitable foundation of Sherman Mills Fairchild, founder and chairman of many Fairchild Corporations. 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 was founded in 1955, and assets have since grown to $500 million in recent years. It 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[edit]

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 Connecticut College, 5 Million MIT, .48 Million Bryn Mawr College

Key Financial Information[edit]

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[edit]

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[edit]

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[edit]

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[edit]

  • 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

External links[edit]