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 2025. As of 2025, the organization holds $182K in total assets. In 2025, it awarded 5 grants totaling $16K. Net investment income was $17K.
Key facts about Charles J Paine Scholarship Fund
In short: Charles J Paine Scholarship Fund gave $16K across 5 grants in 2025 (avg $3K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- EIN
- 04-6028710
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $16,000
- Grants made (2025)
- 5
- Average grant
- $3,200
- Median grant
- $3,200
- Total assets
- $181,953
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$182K
-0.9% YoY
Annual Giving
$16K
+0.0% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$3K
-20.0% YoY
Under IRS private-foundation payout rules, Charles J Paine Scholarship Fund reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
How Charles J Paine Scholarship Fund gives
- Giving grew 88% from 2022 to 2025. Method
- In 2025 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $9K (2021) to $16K (2025). In 2025 it made 5 grants totaling $16K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Harvard University ($13K across 4 grants). Together the top 2 received $16K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Harvard University Cambridge, MA | Scholarship for Ella J. Kim | $3,200 |
| Harvard University Cambridge, MA | Scholarship for Andrew Y. Kim | $3,200 |
| Harvard University Cambridge, MA | Scholarship for Noah Gilligan | $3,200 |
| Harvard University Cambridge, MA | Scholarship for Jacqueline Stjernfeldt | $3,200 |
| MIT Cambridge, MA | Scholarship for Theodore J. Dahl | $3,200 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $181,953 | $183,652 | $191,032 |
| Revenue | $24,064 | $21,806 | $40,638 |
| Expenses | $23,582 | $26,713 | $24,446 |
| Qualifying Distributions | $16,000 | $16,000 | $16,000 |
| Net Investment Income | $17,193 | $14,937 | $33,559 |
| Distributable Amount | $15,317 | $15,245 | $14,364 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 27, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Charles J Paine Scholarship Fund's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Edward R Martin
Trustee
On filings since 2021
1 hr/week
No compensation reported
Charles F O'Connell
Trustee
On filings since 2022
0.5 hrs/week
No compensation reported
Former officers (2)
- Former: Margaret W Stubbs (2020–2021) — Trustee
- Former: Charle M Ganson Jr. (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Charles J Paine Scholarship Fund
How much does Charles J Paine Scholarship Fund give each year?
Charles J Paine Scholarship Fund gave $16K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $16K across 4 grants.
What is Charles J Paine Scholarship Fund's typical grant size?
Charles J Paine Scholarship Fund's median grant in 2025 was $3,200, and its average grant was $3,200, across 5 grants on its 2025 IRS Form 990-PF.
Where does Charles J Paine Scholarship Fund give grants?
Charles J Paine Scholarship Fund gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cambridge, MA (5 grants).
Does Charles J Paine Scholarship Fund give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Charles J Paine Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support.
How large is Charles J Paine Scholarship Fund?
Charles J Paine Scholarship Fund reported $182K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Charles J Paine Scholarship Fund by hand.
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