Charlesbank Homes
Charlesbank Homes is a private foundation established in 1911 by Edwin Ginn, an educational publisher and philanthropist. Based in Walpole, Massachusetts, the foundation operates as a 501(c)(3) organization with tax-exempt status since April 1938. The organization carries forward Ginn's legacy of providing affordable housing solutions by making capital grants to nonprofit organizations across Massachusetts.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$21.3M
+3.6% YoY
Annual Giving
$1.1M
+1.7% YoY
Grant Count
20
+25.0% YoY
Avg Grant Size
$53K
-18.7% YoY
Mission & Focus Areas
The foundation makes capital grants to Massachusetts nonprofit organizations providing housing to low and moderate income individuals and families. The foundation funds:
- New construction of affordable housing
- Rehabilitation and major repairs
- Renovations beyond a property's standard capital reserves
- Preservation of existing affordable housing stock
Grantmaking
Grant Range
** $25,000 to $100,000
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Geographic Focus
Where this funder awards grants
Massachusetts statewide
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending April 2025:
- Total Assets: $21,261,705
- Total Revenues: $976,200
- Total Expenses: $1,122,900
- Total Liabilities: $0
As of Fiscal Year Ending April 2024:
- Total Assets: $20,500,000
- Total Revenues: $785,050
- Total Expenses: $1,100,000
Annual Giving: Approximately $1,057,500
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $21,261,705 | $20,525,140 | $19,314,514 |
| Revenue | $976,200 | $785,050 | $753,193 |
| Expenses | $1,122,900 | $1,101,792 | $1,054,939 |
| Qualifying Distributions | $1,064,494 | $1,046,091 | $962,040 |
| Net Investment Income | $969,973 | $574,349 | $660,294 |
| Distributable Amount | $1,051,125 | $963,087 | $962,308 |
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 2025
Grant Size Distribution
95 grants across all recorded years
Open Grants
1 open opportunity from Charlesbank Homes
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Trustees:
- Felicia Jacques
- Jason Law, CFA
- Mark Winkeller
- Russ Tanner
- Stephanie Page
Officers:
- Jeanne Pinado, President
- Kathryn Roy, Vice President and Assistant Treasurer
- Philip J. Notopoulos, Vice President and Secretary
- Bruce Berzin, Treasurer
- Elizabeth A. Hibbard
Trustee Emeritus:
- Thomas W. Cornu
- Richard H. Sayre
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PHILIP J NOTOPOULOS | VICE PRESIDENT & SECRETARY | 2 | — |
| RICHARD H SAYRE | TRUSTEE | 2 | — |
| JEANNE PINADO | TRUSTEE & PRESIDENT | 2 | — |
| KATHRYN ROY | VICE PRESIDENT &ASSISTANT TREASURER | 2 | — |
| BRUCE BERZIN | TRUSTEE & TREASURER | 2 | — |
| L JASON LAW | TRUSTEE | 2 | — |
| ELIZABETH HIBBARD | TRUSTEE | 2 | — |
| FELICIA JACQUES | TRUSTEE | 2 | — |
| MARK WINKELLER | TRUSTEE | 2 | — |
| THOMAS W CORNU | TRUSTEE EMERITUS | 2 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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