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

* [http://www.tgci.com/funding/fdnresultnew.asp?thisID=4603 Foundation Address and Phone]
* [http://www.grantsdirect.com/GDMain/TestDriveMDO/13151698.asp]
* [http://www.grantsdirect.com Grantsdirect.com]
* [http://www.dartmouth.edu/~vox/0405/0307/gifts.html Dartmouth College Gift]
* [http://pr.caltech.edu/periodicals/336/articles/Volume%201/02-22-01/fairchild.html Caltech Gift]
* [http://web.mit.edu/newsoffice/1994/fairchild-0518.html MIT Gift]
* [http://query.nytimes.com/gst/fullpage.html?res=9A06E0D9163EF933A25757C0A962958260 Columbia Gift]
* [http://www.brynmawr.edu/campaign/newsletter/2005/gifts.html Bryn Mawr College Gift]