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Charles Foundation is a private corporation based in GARDEN CITY, NY. The foundation received its IRS ruling in 2015. The principal officer is Bessemer Trust. It holds total assets of $4.1M. Annual income is reported at $238K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Michigan and New Jersey. According to available records, Charles Foundation has made 28 grants totaling $915K, with a median grant of $10K. Annual giving has grown from $215K in 2020 to $480K in 2022. Individual grants have ranged from $5K to $165K, with an average award of $33K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in New Jersey and Michigan. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$31K
Largest Grant
$100K
Based on 7 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Charles Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in NJ, MI.
Charles Foundation has distributed a total of $915K across 28 grants. The median grant size is $10K, with an average of $33K. Individual grants have ranged from $5K to $165K.
Charles Foundation typically selects its grantees rather than accepting unsolicited proposals.
Charles Foundation is headquartered in GARDEN CITY, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| T Hohman | PRESIDENT | $0 | $0 | N/A |
| B Hohman | VICE PRESIDENT | $0 | $0 | N/A |
| J Sayers | CORPORATE SECRETARY | $0 | $0 | N/A |
Total Giving
$198K
Total Assets
$4.1M
Fair Market Value
$3.9M
Net Worth
$4.1M
Grants Paid
$195K
Contributions
N/A
Net Investment Income
$158K
Distribution Amount
$193K
Total Grants
28
Total Giving
$915K
Average Grant
$33K
Median Grant
$10K
Unique Recipients
7
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Spectrum Health FoundationGENERAL SUPPORT | Grand Rapids, MI | $25K | 2022 |
| Bessemer Giving FundGENERAL SUPPORT | Woodbridge, NJ | $165K | 2022 |
| Cascade Christian ChurchGENERAL SUPPORT | Grand Rapids, MI | $20K | 2022 |
| Forest Hills Public Schools FoundationGENERAL SUPPORT | Grand Rapids, MI | $10K | 2022 |
| Conductive Learning CenterGENERAL SUPPORT | Grand Rapids, MI | $10K | 2022 |
| Da Blodgett - St JohnsGENERAL SUPPORT | Grand Rapids, MI | $5K | 2022 |
| Mary Free BedGENERAL SUPPORT | Grand Rapids, MI | $5K | 2022 |