Sherman Fairchild Foundation

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.

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

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

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)

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)

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