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
Under IRS private-foundation payout rules, Charlesbank Homes reported a distributable amount of $1.1M for 2025 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2025 grants, the largest include Community Team Work ($75,000), Noah ($75,000), Community Action for Better Housing ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITY TEAM WORK LOWELL, MA | CONSTRUCT 19 EFFICIENCY UNITS FOR THE HOMELESS OR DISABLED | $75,000 |
| HABITAT FOR HUMANITY GREATER LOWELL WESTFORD, MA | RENOVATE A 3-BEDROOM, SINGLE FAMILY HOME | $50,000 |
| HABITAT FOR HUMANITY CAPE COD NORTH EASTON, MA | DEVELOP 2 AFFORDABLE HOMES | $50,000 |
| BUZZARD'S BAY AREA HABITAT FOR HUMANITY MATTAPOISETT, MA | CONSTRUCT A DUPLEX | $25,000 |
| OLD COLONY HABITAT FOR HUMANITY ATTLEBOROUGH, MA | RENOVATE A 3-BEDROOM HOME | $50,000 |
| HABITAT FOR HUMANITY NORTH CENTRAL MA LEOMINSTER, MA | CONSTRUCT A 3-BEDROOM HOUSE | $50,000 |
| COMMONWEALTH LAND TRUST BOSTON, MA | CREATE 24 STUDIO UNITS | $50,000 |
| PIONEER VALLEY HABITAT FOR HUMANITY FLORENCE, MA | CONSTRUCT A 3-BEDROOM HOME | $50,000 |
| NOAH EAST BOSTON, MA | DEVELOP A 7-UNIT HOME OWNERSHIP BUILDING | $75,000 |
| HALEY HOUSE INC BOSTON, MA | RENOVATE A KITCHEN | $25,000 |
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 | — |
Frequently Asked Questions
What does Charlesbank Homes fund?
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
How do I apply for a grant from Charlesbank Homes?
**Grant Range:** $25,000 to $100,000 **Types of Support:** Capital grants for construction, repairs, maintenance, and renovations **Recent Grant Activity (2024-2025):** • Total grants awarded: $1,007,500 (fiscal year 5/1/2024 - 4/30/2025) • Recent grantees include: • Boston Neighborhood Community Land Trust: $75,000 (heating system and insulation update for 3-family home) • Community Action For Better Housing (CABH): $75,000 (restoration of 26-unit building damaged by fire) • Noah Community Dev…
Where does Charlesbank Homes make grants?
Massachusetts statewide
What size grants does Charlesbank Homes award?
In 2025, Charlesbank Homes awarded 20 grants totaling $1.1M — an average of about $53K per grant, based on its IRS Form 990 filings.
How much is Charlesbank Homes required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Charlesbank Homes reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Charlesbank Homes's EIN?
Charlesbank Homes's EIN (Employer Identification Number) is 04-2103755. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Charlesbank Homes's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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