Charles H Boyle Foundation Inc

Foundation · Grantmaker MEMPHIS, TN EIN: 23-7256010

The Charles H Boyle Foundation Inc is a private family foundation established in 1972 and located in Memphis, Tennessee. The foundation operates as a 501(c)(3) tax-exempt organization with no employees, distributing grants from its investment portfolio to support charitable causes.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$10.1M

-2.1% YoY

Annual Giving

$1.3M

+30.3% YoY

Grant Count

+29.7% YoY

Avg Grant Size

$28K

+0.5% YoY

Under IRS private-foundation payout rules, Charles H Boyle Foundation Inc reported a distributable amount of $814K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's purpose is to provide dividend income and capital gains from corporate securities and mutual funds to grantees. Primary funding interests include:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services

Grantmaking

The foundation made 13 grants in 2024, with total giving of $1,348,850. Typical award amounts range from $1,000 to $104,000.

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Tennessee, District of Columbia, and Virginia.

Grant Distribution by State

Tennessee $4.1M (76%)

District of Columbia $825K (15%)

Mississippi $210K (4%)

Michigan $85K (2%)

Alabama $45K (1%)

Pennsylvania $36K (1%)

New York $29K (1%)

California $26K (0%)

+6 more states

States

Alabama California District of Columbia Delaware Indiana Michigan Mississippi North Carolina New York Pennsylvania Tennessee Texas Virginia Wisconsin

Cities

ArlingtonBrandonCharlotteClaremontCordovaDallasExtonGadsdenGermantownHillsdaleMadisonMemhisMemphisNashvilleNew AlbanyNew YorkPhiladelphiaRestonSaltilloSpringfield

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year 2024:

Total Assets: $10,085,078
Total Revenue: $1,593,966
Total Expenses: $1,356,671
Total Giving: $1,348,850
Total Liabilities: $7,510

Income Sources:

Interest income from money market funds: $124,712
Dividend income from corporate securities: $148,437

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$10,085,078	$10,301,459	$11,240,590
Revenue	$1,593,966	$418,871	$1,626,488
Expenses	$1,356,671	$1,051,820	$827,431
Qualifying Distributions	$1,348,850	$1,035,000	$827,110
Net Investment Income	$273,149	$271,562	$2,467,289
Distributable Amount	$814,054	$757,593	$700,782

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

140 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Hutchison School ($104,000), A Step Ahead Foundation ($100,000), American Council of Trustees and ($100,000).

Recipient	Purpose	Amount
A STEP AHEAD FOUNDATION MEMPHIS, TN	TO FURTHER DONEE'S 501(C)(3) PURPOSE	$100,000
AFA FOUNDATION TUPELO, MS	TO FURTHER DONEE'S 501(C)(3) PURPOSE	$5,000
AMERICAN CENTER FOR LAW WASHINGTON, DC	TO FURTHER DONEE'S 501(C)(3) PURPOSE	$5,000
AMERICAN COUNCIL OF TRUSTEES AND WASHINGTON, DC	TO FURTHER DONEE'S 501(C)(3) PURPOSE	$100,000
AMERICAN ENTERPRISE WASHINGTON, DC	TO FURTHER DONEE'S 501(C)(3) PURPOSE	$100,000
EVANGELICAL CHRISTIAN SCHOOL GERMANTOWN, TN	TO FURTHER DONEE'S 501(C)(3) PURPOSE	$25,500
GERMANTOWN PRESBYTERIAN CHURCH GERMANTOWN, TN	TO FURTHER DONEE'S 501(C)(3) PURPOSE	$40,350
MEMPHIS UNIVERSITY SCHOOL MEMPHIS, TN	TO FURTHER DONEE'S 501(C)(3) PURPOSE	$10,000
BODINE SCHOOL GERMANTOWN, TN	TO FURTHER DONEE'S 501(C)(3) PURPOSE	$2,500
HUTCHISON SCHOOL MEMPHIS, TN	TO FURTHER DONEE'S 501(C)(3) PURPOSE	$104,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SNOWDEN B MORGAN	DIRECTOR	—	—
J BAYARD BOYLE JR	PRESIDENT /	—	—
DAVID J WAGES	SEC. / TREAS	—	—
HENRY W MORGAN SR	VICE PRESIDE	—	—

Contact Information

Mailing Address: PO Box 17800 Memphis, TN 38187-0800

Telephone: 901-767-0100

EIN: 23-7256010

Tax-Exempt Status: Recognized since February 1974

Frequently Asked Questions

What does Charles H Boyle Foundation Inc fund?

The foundation's purpose is to provide dividend income and capital gains from corporate securities and mutual funds to grantees. Primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services

How do I apply for a grant from Charles H Boyle Foundation Inc?

**Grant Activity:** The foundation made 13 grants in 2024, with total giving of $1,348,850. Typical award amounts range from $1,000 to $104,000. **Recent Grants (2024):** • Hutchison School: $104,000 • American Enterprise Institute: $100,000 • Church Health: $100,000 • Additional 33 grants totaling $996,000 **Grant Type:** Grants are awarded to further the 501(c)(3) purposes of recipient organizations.

Where does Charles H Boyle Foundation Inc make grants?

The foundation primarily funds organizations in Tennessee, District of Columbia, and Virginia.

What size grants does Charles H Boyle Foundation Inc award?

In 2024, Charles H Boyle Foundation Inc awarded 48 grants totaling $1.3M — an average of about $28K per grant, based on its IRS Form 990 filings.

How much is Charles H Boyle Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles H Boyle Foundation Inc reported a distributable amount of $814K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Charles H Boyle Foundation Inc's EIN?

Charles H Boyle Foundation Inc's EIN (Employer Identification Number) is 23-7256010. IRS Form 990 filing data is available on this page for 2020–2024.