Charter Fund Inc., also known as the Charter School Growth Fund (CSGF), is a nonprofit philanthropic organization based in Denver, Colorado. Established in 2005, the organization identifies high-performing public charter schools across the United States and provides funding and support to expand their reach and impact. The organization operates as a 501(c)(3) public charity and functions as a venture capital fund focused on the charter school sector.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$720.3M
+6.5% YoY
Annual Giving
$143.5M
+54.1% YoY
Grant Count
304
-23.4% YoY
Avg Grant Size
$472K
+101.2% YoY
Mission & Focus Areas
Charter Fund Inc. is driven by the conviction that all children deserve great public schools in their communities. The organization identifies the country's best nonprofit public charter schools, funds their expansion, and helps increase their impact.
Primary Focus Areas:
- Expansion of high-quality public charter schools
- Supporting nonprofit organizations operating top-performing charter schools
- Academic excellence and student achievement in underserved communities
- Financial sustainability of charter school networks
- Leadership development for school leaders building networks of excellent charter schools
- Capacity building in policy, communications, and advocacy for charter schools
- Innovation in education within the charter school sector
The organization prioritizes funding schools that demonstrate impact on underserved student populations and outstanding value-added academic gains, with focus on geographic areas supportive of charter school expansion.
Grantmaking
Grant Range
s:**
Average Grant
$265,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
Charter Fund Inc. operates nationally across the United States, with funding presence in:
- 32 states
- Washington, D.C.
- Puerto Rico
The organization has funded over 1,600 schools serving more than 725,000 students across these regions.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $720,288,020
- Total revenues: $232,401,456
- Total expenses: $189,583,844
- Total giving: $150,096,573 (grants)
- Additional charitable expenses: $31,194,910
Historical Context:
- Annual giving: $192 million (2024)
- IRS ruling year: 2025
- Tax-exempt status: 501(c)(3)
Funding Received: Charter Fund Inc. has received significant foundation support, including:
- Bloomberg Family Foundation Inc.: $55.5 million (2024), $46 million (2023), $53.3 million (2022)
- Michael & Susan Dell Foundation: $50 million (2024) for the Dell Catalyst Fund to drive quality charter school growth
- Brown Foundation Inc.: $25 million (2022) for Texas Supercharge Fund
- Louis Calder Foundation: $1 million (2022)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $720,288,020 | $676,412,713 | $676,007,354 |
| Revenue | $232,401,456 | $141,916,499 | $190,039,004 |
| Expenses | $189,583,844 | $147,020,188 | $113,002,214 |
| Qualifying Distributions | — | $150,395,011 | $114,115,465 |
| Net Investment Income | $11,846,656 | $19,458,272 | $12,868,158 |
| Distributable Amount | — | — | — |
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 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
4 open opportunities from Charter Fund Inc
Charter Fund: Scale Funding Grant
CHARTER FUND INC
Amount
Varies
Deadline
Rolling / Open
Charter Fund: Seed Funding Grant
CHARTER FUND INC
Amount
US $250,000 - US $750,000
Deadline
Rolling / Open
Scale Grant
CHARTER FUND INC
Amount
$750,000+
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cambiar Education ($1,650,000), Bes Inc ($1,120,000), 50can Inc ($971,666).
| Recipient | Purpose | Amount |
|---|---|---|
| 1UP COACHING EDGEMONT, PA | IMPACT AND INNOVATION | $50,000 |
| 50CAN INC WASHINGTON, DC | CHARTER SCHOOL CAPACITY-BUILDING | $971,666 |
| A PLUS EDUCATION PARTNERSHIP MONTGOMERY, AL | CHARTER SCHOOL CAPACITY-BUILDING | $400,000 |
| ACHIEVEMENT FIRST INC NEW HAVEN, CT | CHARTER SCHOOL GROWTH | $100,000 |
| AGENCY INC WASHINGTON, DC | CHARTER SCHOOL CAPACITY-BUILDING | $25,000 |
| ALABAMA AEROSPACE AND AVIATION SCHOOLS INC BESSEMER, AL | CHARTER SCHOOL GROWTH | $225,000 |
| ALBUQUERQUE COLLEGIATE INC ALBUQUERQUE, NM | CHARTER SCHOOL CAPACITY-BUILDING | $500,000 |
| ALBUQUERQUE COLLEGIATE INC ALBUQUERQUE, NM | CHARTER SCHOOL GROWTH | $180,000 |
| ALLEGIANCE STEAM ACADEMY INC CHINO, CA | CHARTER SCHOOL GROWTH | $300,000 |
| ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS FOUNDATION LOS ANGELES, CA | IMPACT AND INNOVATION | $260,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN HALL | PRESIDENT | 40 | $613,000 |
| JOHN FISHER | DIRECTOR, BOARD CHAIR | 1 | — |
| ALLAN GOLSTON | DIRECTOR, TREASURER | 1 | — |
| JAMES RAHN | DIRECTOR, SECRETARY | 1 | — |
| DEE HASLAM | DIRECTOR | 1 | — |
| REED HASTINGS | DIRECTOR | 1 | — |
| CONSTANCE JONES | DIRECTOR | 1 | — |
| TOM JOYCE | DIRECTOR | 1 | — |
| CHARLENE REID | DIRECTOR | 1 | — |
| NICOLE PULLEN ROSS | DIRECTOR | 1 | — |
| FIDEL VARGAS | DIRECTOR | 1 | — |
| ANILU VAZQUEZ-UBARRI | DIRECTOR | 1 | — |
| JESSIE WOOLLEY-WILSON | DIRECTOR | 1 | — |
| PAMELA INBASEKARAN | COO/ASSISTANT SECRETARY | 40 | $312,333 |
| DARRYL COBB | VICE PRESIDENT | 40 | $465,500 |
| JULIE MAIER | VICE PRESIDENT (THRU 1/24) | 1 | $39,086 |
| RICHARD BILLINGS | ASST SECRETARY (THRU 3/24), PARTNER | 40 | $319,042 |
| EBONY LEE | CHIEF EXTERNAL AFFAIRS OFFICER | 40 | $301,000 |
| KATHLEEN HAMEL | PARTNER | 40 | $319,042 |
| MARCIA AARON | PARTNER | 40 | $312,333 |
| ERIC CHAN | PARTNER | 40 | $308,083 |
| JOSEPH FERGUSON | PARTNER | 40 | $308,083 |
| THOMAS ERIC | PARTNER | 40 | $308,083 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Charter Fund Inc fund?
Charter Fund Inc. is driven by the conviction that all children deserve great public schools in their communities. The organization identifies the country's best nonprofit public charter schools, funds their expansion, and helps increase their impact. **Primary Focus Areas:** • Expansion of high-quality public charter schools • Supporting nonprofit organizations operating top-performing charter schools • Academic excellence and student achievement in underserved communities • Financial sustaina…
How do I apply for a grant from Charter Fund Inc?
**Grant Activity (2024):** • Total grant expense: $150,096,573 • Number of grants: 350+ grants, loans, contracts, and mission-related investments • Number of recipient organizations: 250+ • Program-related investment (PRI) loans issued: $29,530,047 **Grant Sizes:** • Typical award range: $250,000 to $5,000,000+ • Seed funding grants: typically $250,000 to $750,000 • Scale funding grants: $750,000 and above • Median grant size: $175,000 • Average grant size: $265,000 **Active Grant Opportunities…
Where does Charter Fund Inc make grants?
Charter Fund Inc. operates nationally across the United States, with funding presence in: • 32 states • Washington, D.C. • Puerto Rico The organization has funded over 1,600 schools serving more than 725,000 students across these regions.
What size grants does Charter Fund Inc award?
In 2024, Charter Fund Inc awarded 304 grants totaling $143.5M — an average of about $472K per grant, based on its IRS Form 990 filings.
What is Charter Fund Inc's EIN?
Charter Fund Inc's EIN (Employer Identification Number) is 05-0620063. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Charter Fund Inc'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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