Funder DirectoryCHARLES FOUNDATION INC
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Private foundation (trust)EIN 223292066Est. 1994-08

CHARLES FOUNDATION INC

MORRISTOWN, NJ 07960

Total Assets

$43.1M

FY 2023

Annual Giving

$2.3M

FY 2023

Grants Made

70

FY 2023

Avg Grant

$33K

FY 2023

Grant Range

$1K–$430K

Typical

Deadlines

Applications

Financial Snapshot

2023 filing

Total Revenue

$1.7M

Total Expenses

$2.4M

Qualifying Distributions

$2.3M

Distributable Amount

$2.1M

Min. Investment Return

$2.1M

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

70 grants

Grant sizes from minimum $1K through median $8K to maximum $430K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

5 years

Giving over time from 2018 to 2023. Peak $2.3M in 2023. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

315 grants

BUCKNELL UNIVERSITY
$2.2M
5 grants
COLBY-SAWYER COLLEGE
$1.5M
5 grants
SPEARE MEMORIAL HOSPITAL
$1.1M
5 grants
SUSQUEHANNA UNIVERSITY
$1.1M
5 grants
MORRISTOWN MEDICAL CENTER FOUNDATION
$525K
5 grants
TUCK SCHOOL OF BUSINESS AT DARTMOUTH
$350K
4 grants
PINGRY SCHOOL
$252K
5 grants
PRESBYTERIAN CHURCH IN MORRISTOWN
$231K
5 grants

Grant Size Distribution

315 grants

<$10K
224
grants
$10–50K
58
grants
$50–250K
22
grants
$250K–1M
11
grants
$1–5M
$5M+

Geographic Focus

21 states

New Hampshire
$4.1M
40% of total
Pennsylvania
$3.5M
34% of total
New Jersey
$1.6M
16% of total
Maine
$195K
2% of total
New York
$162K
2% of total
California
$155K
2% of total
Georgia
$153K
1% of total
Massachusetts
$140K
1% of total
Vermont
$57K
1% of total
Indiana
$40K
0% of total

+11 more states

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