Charles J Paine Scholarship Fund
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
4
+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
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.
Ready to take the next step with Charles J Paine Scholarship Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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