The Scherman Foundation administers two grantmaking funds: the Foundation’s Core Fund and the Katharine S. and Axel G. Rosin Fund (Rosin Fund).
The Foundation’s Core Fund will accept Letters of Intent (LOIs) through the Foundation’s online application system for each program on a rolling basis throughout the year. Select applicants will then be invited to submit a full proposal online to be considered at one of the Foundation’s quarterly Board of Directors meetings.
As previously announced, the Foundation has substantially reduced the Rosin Fund’s initial payout rate and will alternate program areas to ensure long-term sustainability. The Rosin Fund will provide modestly reduced multi-year funding in 2018 for a limited number of innovative and high-impact projects in the Environment area. Deadlines are to be announced in November 2017. Please note that the Rosin Fund will not be accepting applications for the Arts and Strengthening New York Communities programs until November 2018.
In large part, the Rosin Fund’s programs build off the Foundation’s extensive grantmaking and field expertise of its Core Fund, specifically in the areas of Arts, Environment, and Strengthening New York Communities. The size and type of grants offered by each fund is significantly different. The Rosin Fund will only make a few larger, project-specific grants per year.
Please note that all applicants must be exempt from income taxes under section 501(c)(3) of the Internal Revenue Code. The guidelines for each program area within the funds provide further detail about the average size of grants and specific funding restrictions.