Was there a liquidation, termination, dissolution, or substantial contraction during the year? The grantmaker, based in Chevy Chase, Maryland, is the charitable foundation of Sherman Mills Fairchild, the American businessman, investor, inventor, and founder of more than 70 companies. The laboratories will be named for a scientist who has shaped those fields: Kip Thorne (BS '62), Caltech's Richard P. Feynman Professor of Theoretical Physics, Emeritus. [2] In 2019, the Sherman Fairchild Foundation annual giving was $35,861,412 and total assets were over $829 million. Walter Burke and the Sherman Fairchild Foundation About the Institute From the Director External Advisory Board Advisory Board Walter Burke Major Funders Location Logo Walter Burke The Walter Burke Institute for Theoretical Physics is named in honor of a longtime friend of the Division of Physics, Mathematics and Astronomy at Caltech. The center will leverage an array of Caltech programs, such as WAVE, FUTURE, and the Presidential Postdoctoral Fellows Program, to build diverse cohorts of students and postdoctoral scholars. Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? The Sherman Fairchild Foundation was clearly pleased with the progress. "Students and faculty in astronomy, biology, chemistry, computer science, engineering, materials science, mathematics, and physics will all benefit from the center's influence.". She was appointed by President Obama to the National Council of . Under his leadership, the endowment has grown to approximately $10.9 billion as of Aug. 1, 2020. Sherman Mills Fairchild (April 7, 1896 March 28, 1971) was an American businessman and investor. These researchers' insights and technical advances helped the broader scientific community see new possibilities for controlling and scaling up quantum phenomena that typically are observed at subatomic levels. The Sherman Fairchild Foundation is an early and enduring investor in Thorne's research program and those of scientists he has mentored. . Sign up to get ProPublicas biggest stories delivered straight to your inbox. First named to the Caltech Board of Trustees in 1975, Burke was elected a life member in 2009 and held this position until his death. "Walter's leadership and longstanding participation on the board of trustees, as well as his generosity and commitment to advancing scientific understanding, have left an enduring legacy for us to honor and uphold," says David L. Lee (PhD '74), chairman of the Board of Trustees. Cause IQ inputs known data points on the organization (primarily from the Form 990) into GPT-3 to generate an informative and user-friendly description summarizing the organization. He left bequests to more than 50 relatives, friends and former employees. About Sherman Mills Fairchild. With funding from East Coast industrialist Sherman Fairchild of Fairchild Camera & Instrument Corp., the founding group developed an improved silicon transistor that found immediate application in aerospace and military defense systems. Foundation of the International Society of Blood Transfusion; Foundation to Promote Open Society; . Fortunately, President Thomas Everhart and Professor Brad Sturtevant, Chair of the Faculty Building Committee, successfully convinced the Foundation that its benefactor's memory Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income? They are the first phase of a planned Center for Quantum Precision Measurement (CQPM) to front California Boulevard that will Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state? Title Start End. The Kip Thorne Laboratories and the planned center will incorporate a commitment to inclusion, diversity, equity, and accessibility. Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year? [3] Fairchild is also responsible for inventing the first synchronized camera shutter and flash as well as developing new technologies for aerial cameras that were later used on the Apollo Missions. Specific bequests to organizations were $300,000 to Roosevelt Hospital, $200,000 to the Salvation Army, and $100,000 to the American Society for the Prevention of Cruelty to Animals, in memory of his aunt May Fairchild. In addition to crucial support for gravitational-wave research, grants have supported 80 outstanding postdoctoral scholars at Caltech and brought hundreds of distinguished visitors to campus. Among the efforts he was closely involved in were the creation of the Sherman Fairchild Distinguished Scholars Program, which brought hundreds of scientists and researchers to Caltech for extended visits from 1973 to 1994. The field of quantum measurement arose from the half-century quest to build gravitational-wave detectors, instruments that can detect and measure ripples in spacetime. The Weitz Center for Creativity, which opened in September 2011, combines cutting-edge technology and historic preservation, including renovation of an original 1910 building in its entirety, preserving much of its history and unique architectural features. [8] Among Fairchild's aerial photographers during the 1920s was Edith Keating, one of the first female aerial photographers and later an advocate for the inclusion of women pilots in WWII. "The laboratories will accelerate the exchange of expertise and ideas among researchers in gravitational-wave science, quantum sensing, and quantum information," says Fiona Harrison, Caltech's Harold A. Rosen Professor of Physics and the Kent and Joyce Kresa Leadership Chair of the Division of Physics, Mathematics and Astronomy. Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? information about Sherman Fairchild Foundation Inc Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? [4] Bonnie Burke Himmelman is the current president, Dale T. Knobel is a director. Institute for Quantum Information and Matter, Walter Burke Institute for Theoretical Physics, Cahill Center for Astronomy and Astrophysics, Presidential Postdoctoral Fellows Program, Caltech Science Exchange Quantum Science and Technology Section. Fairchild made significant contributions to the aviation industry . He was a life trustee of the Pierpont Morgan Library and Museum, and a trustee emeritus of the Metropolitan Museum of Art and of Columbia University. He was buried in Glenwood Cemetery in Oneonta, Otsego County, New York. [16][17] The plant began manufacturing new aircraft, including the Fairchild Model 22 (1931), Model 24 (1932), Model 95 (1934 USAAC XC-31), Model 91, Jungle Clipper (1935), Model 45 (1935) and Model 46 (1937). Technology Transfer & Corporate Partnerships, Institute for Quantum Information and Matter, Walter Burke Institute for Theoretical Physics, Cahill Center for Astronomy and Astrophysics, Presidential Postdoctoral Fellows Program, Caltech Science Exchange Quantum Science and Technology Section. Compensation of officers, directors, trustees, etc. Death. He also inherited his father's IBM stock, becoming IBM's largest individual stockholder until his death in 1971. The 2019-2020 list of Major Donors represents contributions and pledges of $1,000 or more received between July 1, 2019 and June 30, 2020. New York, NY (September 10, 2018)Christie's International Real Estate's New York City brokerage, the only real estate brokerage fully integrated with a global art auction house, is proud to represent for sale the Sherman M. Fairchild Mansion at 17 East 65th Street for US$35 million. Get the latest business insights from Dun & Bradstreet. The Sherman Fairchild Foundation has awarded a grant to Carleton College for the project Collaborative Directions in Art and Technology. Caltech has begun design of the laboratories, which will include 12,000 square feet ofbest-in-class experimental facilities. [8], In 1956, Fairchild built the Fokker F-27 Friendship passenger airplane, the first American-built airliner in service. From https://projects.propublica.org/nonprofits. Click here to open the "Quick Links" submenu, Click here to open the "About Caltech" Submenu, Click here to open the "Research" Submenu, Click here to open the "Academics" Submenu, Click here to open the "Admissions & Aid" Submenu, Click here to open the "Campus Life & Events" Submenu, Technology Transfer & Corporate Partnerships, Walter Burke Institute for Theoretical Physics, Walter Burke Institute for Theoretical Physics Established at Caltech. [16] Funding for this position was made possible by a generous grant from the Sherman Fairchild Foundation. Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? "Walter made lasting contributions to theoretical physics and other areas of science at Caltech," adds Hirosi Ooguri, the director of the Burke Institute for Theoretical Physics and the Fred Kavli Professor of Theoretical Physics and Mathematics. "These strategies will be developed through the broad exchange of ideas, and many areas of metrology will benefit.". In 1979, Fairchild was inducted into the National Aviation Hall of Fame. [3] Recipients include Caltech, Dartmouth College, MIT, and Bryn Mawr College. Grant Information Last Updated: [8] The planes took more responsibilities during the war, as they were strongly built and able to withstand considerable battle damage. Youre viewing 5 of 281 commitments. These audits are copied from the Federal Audit Clearinghouse. Is this your business? [5] During these college years he contracted tuberculosis and, under the advice of his physician, moved to Arizona to recover in the drier climate. "The Kip Thorne Laboratories and the planned Center for Quantum Precision Measurement will change the scientific community itself by modeling a future in which talent rises unimpeded from all sectors of society to create new knowledge and improve the future," says Rosenbaum. The C-119 was eventually converted into the AC-119, a night attack gunship used in the Vietnam War. "Students and faculty in astronomy, biology, chemistry, computer science, engineering, materials science, mathematics, and physics will all benefit from the center's influence.". The IRS Form 990 is an annual information return that most organizations claiming federal tax-exempt status must file yearly. Register for free 1928 Fairchild Aviation of Illinois. ProPublica posts new tax forms as they are released by the IRS. [6] He then transferred to the University of Arizona, where he became increasingly interested in photography. "The laboratories will accelerate the exchange of expertise and ideas among researchers in gravitational-wave science, quantum sensing, and quantum information," says Fiona Harrison, Caltech's Harold A. Rosen Professor of Physics and the Kent and Joyce Kresa Leadership Chair of the Division of Physics, Mathematics and Astronomy. More sensitive instruments will enable deeper exploration of longstanding mysteries such as the structure of spacetime and the inner workings of living cells. Officers, directors, trustees, and key employees Highest paid employees Board of directors lock Connect with nonprofit leaders Subscribe [8], Having never been married or had any children, he spent his time exploring a variety of interests. These researchers' insights and technical advances helped the broader scientific community see new possibilities for controlling and scaling up quantum phenomena that typically are observed at subatomic levels. The 660 was the first intelligent automatic volume control limiter. Carleton Receives 4-Star Rating from Charity Navigator, Schier Talks to Reuters About Tea Party's Problems with Romney, One North College StNorthfield, MN 55057USA. [11] The University of California Santa Barbara acquired the collection in December, 2012. Rgis Roumila, who joined Christie's International Real Estate in August from Corcoran Group, has the . In 1939, Fairchild bought a process developed by Virginius E. Clark in which a composite made of hot layers of plywood soaked with resin adhesive and bonded under pressure was used for building airframes. The foundation's philanthropy to Caltech dates back to the 1970s. Fairchild Recording Equipment Corporation's most notable products were the Fairchild 660 mono and 670 stereo dynamic range compressors.[18]. [16] It was purchased by AVCO in 1930, then combined with Fairchild Engine Co. to form American Airplane and Engine Corp, which then bought American Airplane and Engine in 1934 to become Fairchild Aircraft Manufacturing and Engine Co.[16] In the 1936 reorganization it became Fairchild Engine and Airplane Co. and took control over all Fairchild Aircraft and engine holdings. He was on the board of the Kimball Union Academy and the Sherman Fairchild Foundation and chaired reaccreditation committees for the New England Association of Schools and Colleges. [4] It was nicknamed the "Flying Boxcar" because the plane's cargo capacity of 2,870 cubic feet (81m3) was the same as that of a standard railway boxcar. Paired with funding from the College, the new grant will make possible the launch of the new Research Early . Privacy Policy Total revenues $48,078,697 2018 20122013201420152018$40m$50m$60m Total expenses $39,008,343 2018 20122013201420152018$20m$40m Total assets $573,550,159 2018 20122013201420152018$0.5b$0.6b "Walter was a wonderful friend to me, to PMA, and to Caltech," says Kip Thorne (BS '62), Richard P. Feynman Professor of Theoretical Physics, Emeritus, and a 2017 Nobel Laureate in Physics. In the decades ahead, the potential locations of life beyond Earth could also be probed. Upon his death on March 28, 1971, he left the bulk of his estate to his foundations. Carleton College is an equal opportunity educator and employer. He left Columbia during World War I to build an aerial camera for the War Department. Born in Oneonta, New York, Sherman Fairchild was the only child of George Winthrop Fairchild (18541924) and Josephine Mills Sherman (18591924). Service. SCHOLARSHIP PROGRAM | The Sherman Foundation SHERMAN FOUNDATION GRANT ASSISTANCE PROGRAM The Sherman Foundation collaborates with a number of local organizations to offer support and programs dedicated to our cause, providing: Crisis Assistance, Referrals, Guidance Family & Individual Support Groups Legal, Financial, & Education Assistance Did the foundation comply with the public inspection requirements for its annual returns and exemption application? Fairchild was buried in Greenwood Cemetery in Oneonta, Otsego County, New York. IP TAKE: The Sherman Fairchild Foundation supports public and private colleges and universities in the U.S. with grants ranging from $1 to $10 million. Followed by a transition period, requested by the Board of Trustees, she will mark 15 years of distinguished leadership and be named Director Emerita. In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. Copyright 2023 Candid. Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? Discovering Drugs for Prion Diseases: 7/1/10: 6/30/16: . The Sherman Fairchild Foundation, Inc. Fairchild left most of his $200 million estate to his foundations upon his death in . Generations of researchers collaborated to create LIGO (the Laser Interferometer Gravitational-wave Observatory), which made history in 2015 by directly detecting gravitational waves. Learn how and when to remove this template message, The Sherman Fairchild Foundation, 1955-1993, "The Sherman Fairchild Foundation, Inc. | Foundation Directory Online", https://en.wikipedia.org/w/index.php?title=Sherman_Fairchild_Foundation&oldid=1087466847, This page was last edited on 12 May 2022, at 16:46. Pictured here are instruments recently used to improve mirror coatings for LIGO, extending its reach into the universe. * Officer compensation may be included in charitable disbursements, so values may add up to greater than 100%. Most of the $200+ million estate went to two charitable foundations he formed during his lifetime, the Fairchild Foundation and the Sherman Fairchild Foundation. Work to develop quantum computers, in turn, informs advances in gravitational-wave detection. The Sherman Fairchild Foundation is a private foundation located in Chevy Chase, MD that made $33,943,610 in grants last year. In 2004, I was elected as a member of the Corporation of the Woods Hole Oceanographic Institution (WHOI) in Woods Hole, Mass. While each of these fields shapes the other, they have historically been pursued separately. [4] Production of the A-10 Thunderbolt II began in 1974. PitchBook provides insight into a limited partners preferred investments, including actual and target allocations by strategy, secondary market preferences and interest in first-time funds. He founded over 70 companies, including Fairchild Aircraft ( Fairchild Aviation Corporation ), Fairchild Industries, and Fairchild Camera and Instrument. Scientific equipment like that provided through the grant from the Sherman Fairchild Foundation also enables the College to recruit and retain more talented high school students to the College by increasing and diversifying undergraduate research and hands-on learning opportunities for both science and non-science majors. Caltech has begun design of the laboratories, which will include 12,000 square feet of best-in-class experimental facilities. Read the API documentation . Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. For those interested in acquiring the original data from the source, heres where our data comes from: Enter a nonprofit's name, a keyword, or city, https://projects.propublica.org/nonprofits. [4] During the Great Depression he consolidated his aircraft business in Hagerstown to form the Fairchild Aircraft Corp in 1935, which became his principal US aircraft manufacturing subsidiary. PATRICIA LYDON - 5454 WISCONSIN AVENUE, SUITE 1205, CHEVY CHASE, MD 20815 GRANT CONSULTANT 71,610. The assets of the foundation are managed by the board of directors. Duplicated download links may be due to resubmissions or amendments to an organization's original return. [4] He later transferred to Columbia University in New York and was enrolled in Columbia College from 1919 to 1920, according to the official registrar. Funding: U.S. Department of Energy, U.S. Department of Defense, National Science Foundation, Arnold and Mabel Beckman Foundation, Alfred P. Sloan Foundation, David and Lucile Packard Foundation, Camille and Henry Dreyfus Teacher-Scholar Awards, Sherman Fairchild Foundation. The building is named for Albert B. Maginnes '21, who was a lawyer and university trustee. Aerial photography proved to be a successful commercial venture. [8] The FC-2 was later chosen to accompany Charles A. Lindbergh on his 23,000-mile (37,000km) tour of America. The IRS has provided extracted financial data for this filing, but has not yet released the source documents. Over the years, Fairchild airplanes played major roles in the military, ferrying, freighting, and surveying industries. "These strategies will be developed through the broad exchange of ideas, and many areas of metrology will benefit.". [3] Read the IRS instructions for 990 forms. This amount must be distributed in the next year, Private Operating Foundations (for 2010 - 2013), The lesser of the adjusted net income or the minimum investment return, Qualifying distributions made directly for active conduct of exempt activities, Value of assets qualifying under section 4942(j)(3)(B)(i), Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties), Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii), Analysis of Income-Producing Activities (for 2013), Fees and contracts from government agencies, Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013). The Sherman Fairchild Foundation has awarded a grant to Carleton College for the project Collaborative Directions in Art and Technology. The Fairchild 670, introduced shortly after the 660, is a dual-channel version. This structure honors the memory of Leon T. Mart '13, and his son, Thomas '51. Project director Ron Rodman, Dye Family Professor of Music, sees the grant as a jump-start for interdisciplinary activity in the Weitz Center. [17] After numerous changes it became the Aircraft Division in 1967, which was broken up in a corporate reorganization after Fairchild's death. He left bequests to more than 50 relatives, friends and former . Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? "He was a longtime member of the Caltech Board of Trustees and of the PMA visiting committee, where his frank, to-the-point advice was of great value.". New quantum materials and devices, meanwhile, will enable advances across computing and engineering. The Kip Thorne Laboratories and the planned center will incorporate a commitment to inclusion, diversity, equity, and accessibility. Inadvertent errors are possible. December 06, 2021 The Sherman Fairchild Foundation, a longtime supporter of research at Caltech, has granted the Institute $20 million for the construction of laboratories that integrate gravitational-wave science and quantum precision measurement. More sensitive instruments will enable deeper exploration of longstanding mysteries such as the structure of spacetime and the inner workings of living cells. The election took place at the November 10 meeting of the Board; Mr. Himmelman will serve as Elective Trustee. Currently, Dr. Knobel serves as a Director of the Sherman Fairchild Foundation, a philanthropic supporter of higher education and the fine arts in the United States, and resides in suburban Austin, Texas. [2], Fairchild created, purchased, merged and sold his aviation company several times. Contributions from the foundation also enabled annual visits by Stephen Hawking, during which he advanced ideas at the intersection of cosmology, measurement, and information with Thorne and John Preskill, Caltech's Richard P. Feynman Professor of Theoretical Physics and the Allen V. C. Davis and Lenabelle Davis Leadership Chair of the Institute for Quantum Information and Matter (IQIM). This organization's description was created in-part with GPT-3 an artificial intelligence language-generating model developed by OpenAI because no good description exists within their Form 990. [12][13], Fairchild Corporation also developed the Fairchild Lunar Mapping Camera (also known as the Metric Camera) for NASA. Walter Burke, longtime president and treasurer of the Sherman Fairchild Foundation and a life member of the Caltech Board of Trustees, passed away on November 1, 2018. It contributed to the Sherman Fairchild Library of Engineering and Applied Science and the Cahill Center for Astronomy and Astrophysics. The Sherman Fairchild Foundation, founded in 1955, is a charitable foundation of Sherman Fairchild, founder and chairman of the Fairchild Corporations. In 1921, he formed Fairchild Aerial Surveys and bought a surplus World War I Fokker D.VII biplane to take his aerial photographs. The Sherman Fairchild Foundation is an early and enduring investor in Thorne's research program and those of scientists he has mentored. Win whats next. Paganucci served the foundation with his characteristic creativity, openness, and generosity. At the Foundation, Paganucci cultivated an extraordinary relationship as a confident to its first president: Walter Burke D'44, Sherman Fairchild's financial adviser, and a former chairman of the Dartmouth Board of Trustees. First named to the Caltech Board of Trustees in 1975, Burke was elected a life member in 2009 and held this position until his death. Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year? Get the full list, To view The Sherman Fairchild Foundations complete board members history, request access, Morningstar Institutional Equity Research. Provide a grant to an individual for travel, study, or other similar purposes? This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly. The award was made as part of the Sherman Fairchild Foundation Scientific Equipment Program Phase XIII. Furnish goods, services, or facilities to (or accept them from) a disqualified person? Later that same year Fairchild acquired Republic Aviation, which became the Republic Aviation Division of Fairchild Hiller. An American businessman and investor business enterprise at any time during the year Knobel is a Foundation... Compensation may be due to resubmissions or amendments to an organization 's original.! I to build an aerial camera for the project Collaborative Directions in Art and Technology other purposes. Board of directors left Columbia during World War I to build an aerial for... Aviation Division of Fairchild Hiller the first intelligent automatic volume control limiter wherever possible 16 ] Funding for position..., Dale T. Knobel is a dual-channel version a dual-channel version the Republic Division. Irs instructions for 990 forms developed through the broad exchange of ideas, and...., etc links may be due to resubmissions or amendments to an individual for travel study! X27 ; s International Real estate in August from Corcoran Group, has the after the 660 was the intelligent... [ 3 ] Recipients include caltech, Dartmouth College, MIT, and.! 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