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.
Charles J Paine Scholarship Fund at a glance
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.
- Annual giving (2025)
- $16,000
- +0.0% vs 2024
- Grants made (2025)
- 5
- +25.0% vs 2024
- Average grant
- $3,200
- -20.0% vs 2024
- Median grant
- $3,200
- Total assets
- $181,953
- -0.9% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Charles J Paine Scholarship Fund funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
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.
Giving History
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.
Grants by year
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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $181,953 | $24,064 | $23,582 | $16,000 | 5 | $16,000 | $17,193 | $15,317 |
| 2024 | $183,652 | $21,806 | $26,713 | $16,000 | 4 | $16,000 | $14,937 | $15,245 |
| 2023 | $191,032 | $40,638 | $24,446 | $16,000 | 1 | $16,000 | $33,559 | $14,364 |
| 2022 | $175,157 | $23,816 | $14,883 | $8,500 | 1 | $8,500 | $23,816 | $15,578 |
| 2021 | $166,251 | $22,714 | $10,641 | $8,500 | 1 | $8,500 | $22,714 | $15,439 |
| 2020 | $154,675 | $10,355 | $16,609 | $14,000 | 3 | — | $10,348 | $13,569 |
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.
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.
Data update history
(2)
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
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