Charles Foundation Inc
Charles Foundation Inc is a private foundation based in Morristown, New Jersey. The foundation maintains a focus on philanthropic grantmaking across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$49.1M
+112.3% YoY
Annual Giving
$2.2M
-3.6% YoY
Grant Count
67
-4.3% YoY
Avg Grant Size
$33K
+0.7% YoY
Under IRS private-foundation payout rules, Charles Foundation Inc reported a distributable amount of $1.9M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Science and STEM Education
Grantmaking
The foundation makes grants to nonprofit organizations aligned with its priority areas.
Grant Range
** Typical awards range from $1,000 to $430,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New Jersey
- New Hampshire
- Pennsylvania
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $49,109,154
Total Annual Giving: $2,220,000
Contact Information:
- Address: Spring Valley Road 668, Morristown, NJ 07960
- Phone: (973) 539-2281
- EIN: 22-3292066
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $49,109,154 | $23,135,327 | $23,880,803 |
| Revenue | $23,471,625 | $1,684,847 | $3,222,700 |
| Expenses | $2,710,537 | $2,430,323 | $2,056,199 |
| Qualifying Distributions | $2,246,766 | $2,329,916 | $1,970,180 |
| Net Investment Income | $23,430,469 | $1,678,249 | $3,190,491 |
| Distributable Amount | $1,880,103 | $2,063,895 | $2,185,966 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Colby-sawyer College ($400,000), Bucknell University ($340,000), Speare Memorial Hospital ($237,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADAPTIVE DEFENSE MAGNOLIA, TX | MEDICAL | $5,000 |
| ANDOVER FIRE ANDOVER, NH | MEDICAL | $20,000 |
| ANDWELL HEALTH PARTNERS LEWISTON, ME | MEDICAL | $15,000 |
| APPALACHAIN TRAIL CONSERVANCY HARPERS FERRY, WV | ENVIRONMENT | $45,000 |
| ASSUMPTION SCHOOL MORRISTOWN, NJ | EDUCATION | $5,000 |
| BABSON COLLEGE BABSON PARK, MA | EDUCATION | $40,000 |
| BOSTON COLLEGE SCHOOL OF NURSING CHESTNUT HILL, MA | EDUCATION | $5,000 |
| BOSTON MUSIC PROJECT BOSTON, MA | EDUCATION | $5,000 |
| BUCKNELL UNIVERSITY LEWISBURG, PA | EDUCATION | $340,000 |
| CALLICOON VOLUNTEER FIRE DEPT CALLICOON, NY | MEDICAL | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Robert C. Rooke is listed as a contact person associated with the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT C ROOKE | PRES-TREAS/TRUSTEE | 5 | — |
| NATALIE D ROOKE | VICE PRES/TRUSTEE | 5 | — |
| ROBERT C ROOKE JR | SECRETARY/TRUSTEE | 5 | — |
| THOMAS W ROOKE | TRUSTEE | 5 | — |
Frequently Asked Questions
What does Charles Foundation Inc fund?
The foundation's primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Science and STEM Education
How do I apply for a grant from Charles Foundation Inc?
**Grant Range:** Typical awards range from $1,000 to $430,000 **Annual Giving:** $2,220,000 (based on most recent IRS 990 filing) The foundation makes grants to nonprofit organizations aligned with its priority areas.
Where does Charles Foundation Inc make grants?
The foundation primarily funds organizations in: • New Jersey • New Hampshire • Pennsylvania
What size grants does Charles Foundation Inc award?
In 2024, Charles Foundation Inc awarded 67 grants totaling $2.2M — an average of about $33K per grant, based on its IRS Form 990 filings.
How much is Charles Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles Foundation Inc reported a distributable amount of $1.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Charles Foundation Inc's EIN?
Charles Foundation Inc's EIN (Employer Identification Number) is 22-3292066. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Charles Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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