Charles J Paine Scholarship Fund

Foundation · Grantmaker BOSTON, MA EIN: 04-6028710

Charles J Paine Scholarship Fund is a private foundation, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $184K in total assets. In 2024, it awarded 4 grants totaling $16K. Net investment income was $15K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$184K

-3.9% YoY

Annual Giving

$16K

+0.0% YoY

Grant Count

+300.0% YoY

Avg Grant Size

$4K

-75.0% YoY

Under IRS private-foundation payout rules, Charles J Paine Scholarship Fund reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.

About Charles J Paine Scholarship Fund

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $63K (100%)

States

Massachusetts

Cities

Cambridge

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$183,652	$191,032	$175,157
Revenue	$21,806	$40,638	$23,816
Expenses	$26,713	$24,446	$14,883
Qualifying Distributions	$16,000	$16,000	$8,500
Net Investment Income	$14,937	$33,559	$23,816
Distributable Amount	$15,245	$14,364	$15,578

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Harvard University ($4,000), Harvard University ($4,000), Harvard University ($4,000).

Recipient	Purpose	Amount
Harvard University Cambridge, MA	Scholarship for Caleb Graupera	$4,000
Harvard University Cambridge, MA	Scholarship for Lilliana Kacyvenski	$4,000
Harvard University Cambridge, MA	Scholarship for Lily Spencer	$4,000
Harvard University Cambridge, MA	Scholarship for Jacqueline Stjernfeldt	$4,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Edward R Martin	Trustee	1	—
Charles F O'Connell	Trustee	0.5	—

Frequently Asked Questions

How large is Charles J Paine Scholarship Fund?

As of 2024, Charles J Paine Scholarship Fund holds $184K in total assets with $22K in annual revenue. It awarded 4 grants totaling $16K in 2024.

Where does Charles J Paine Scholarship Fund operate?

Charles J Paine Scholarship Fund has awarded grants in Massachusetts.

What size grants does Charles J Paine Scholarship Fund award?

In 2024, Charles J Paine Scholarship Fund awarded 4 grants totaling $16K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Charles J Paine Scholarship Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles J Paine Scholarship Fund reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Charles J Paine Scholarship Fund's EIN?

Charles J Paine Scholarship Fund's EIN (Employer Identification Number) is 04-6028710. IRS Form 990 filing data is available on this page for 2020–2024.