Charlotte & Norman Codo Charit Trust
Charlotte & Norman Codo Charit Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.5M in total assets. In 2025, it awarded 14 grants totaling $99K. Net investment income was $117K.
Key facts about Charlotte & Norman Codo Charit Trust
- EIN
- 51-6510459
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $98,750
- Grants made (2025)
- 14
- Average grant
- $7,054
- Median grant
- $5,000
- New grantees (estimate)
- 29% first-time grantees (4 of 14, 2025)
- Total assets
- $2,519,381
- Primary geography
- Florida (46% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Charlotte & Norman Codo Charit Trust funds
By grant dollars, the top recipient states for Charlotte & Norman Codo Charit Trust's 14 itemized 2025 grants were Florida (46%), Illinois (23%) and Oregon (8%). The most frequent recipient cities were Boca Raton, FL (4 grants). 100% of grants with a stated purpose were for general or operating support.
Is Charlotte & Norman Codo Charit Trust open to new grantees?
29%
first-time grantees, 2025
In 2025, 4 of 14 grantees (29%) were first-time recipients. First grants averaged $4K; repeat grants $8K. How we count
Medians: $4K first-time, $5K repeat.
- 71% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+17%). Method
- In 2025 it paid out 73% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Charlotte & Norman Codo Charit Trust
- How to evaluate Charlotte & Norman Codo Charit Trust as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.5M
-0.6% YoY
Annual Giving
$99K
+23.6% YoY
Grant Count
14
+7.7% YoY
Avg Grant Size
$7K
+14.8% YoY
Under IRS private-foundation payout rules, Charlotte & Norman Codo Charit Trust reported a distributable amount of $159K for 2025 — the minimum it must pay out in qualifying distributions.
About Charlotte & Norman Codo Charit Trust
Based on IRS filings
Charlotte & Norman Codo Charit Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.5M in total assets. In 2025, it awarded 14 grants totaling $99K. Net investment income was $117K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 14 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,519,381 | $2,534,868 | $1,467,813 |
| Revenue | $140,573 | $1,975,373 | $87,638 |
| Expenses | $156,064 | $110,173 | $113,137 |
| Qualifying Distributions | $116,006 | $91,022 | $96,811 |
| Net Investment Income | $116,821 | $826,462 | $71,757 |
| Distributable Amount | $159,364 | $114,852 | $84,403 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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
62 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Boca Raton Regional Hospital Foundation ($22,750), University of St Francis ($20,000), Boca Museum of Art ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOCA RATON REGIONAL HOSPITAL FOUNDATION Boca Raton, FL | GENERAL | $22,750 |
| UNIVERSITY OF ST FRANCIS Joliet, IL | GENERAL | $20,000 |
| BOCA MUSEUM OF ART Boca Raton, FL | GENERAL | $15,000 |
| NATIONAL HOOK UP OF BLACK WOMEN Decatur, GA | GENERAL | $5,000 |
| BOCA HELPING HANDS Boca Raton, FL | GENERAL | $5,000 |
| YALE UNIVERSITY New Haven, CT | GENERAL | $5,000 |
| MAXTIVITY Philomath, OR | GENERAL | $5,000 |
| PRISON MATHEMATICS PROJECT Phoenix, AZ | GENERAL | $5,000 |
| CHILDRENS FARM HOME KINETIC TEAM Corvallis, OR | GENERAL | $3,000 |
| FLORIDA ATLANTIC UNIVERSITY Virginia Beach, VA | GENERAL | $3,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Charlotte & Norman Codo Charit Trust?
Charlotte & Norman Codo Charit Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. It holds $2.5M in total assets as of 2025.
How large is Charlotte & Norman Codo Charit Trust?
As of 2025, Charlotte & Norman Codo Charit Trust holds $2.5M in total assets with $141K in annual revenue. It awarded 14 grants totaling $99K in 2025.
Where does Charlotte & Norman Codo Charit Trust operate?
Charlotte & Norman Codo Charit Trust has awarded grants in Arizona, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, New York, Oregon, Pennsylvania, Virginia.
What size grants does Charlotte & Norman Codo Charit Trust award?
In 2025, Charlotte & Norman Codo Charit Trust awarded 14 grants totaling $99K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Charlotte & Norman Codo Charit Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Charlotte & Norman Codo Charit Trust reported a distributable amount of $159K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Charlotte & Norman Codo Charit Trust's EIN?
Charlotte & Norman Codo Charit Trust's EIN (Employer Identification Number) is 51-6510459. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.