The Charles Foundation
The Charles Foundation is a private foundation, based in Grand Rapids, MI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.1M in total assets. In 2025, it awarded 3 grants totaling $195K. Net investment income was $168K.
The Charles Foundation at a glance
In short: The Charles Foundation gave $195K across 3 grants in 2025 (avg $65K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $195,000
- +2.6% vs 2024
- Grants made (2025)
- 3
- -57.1% vs 2024
- Average grant
- $65,000
- +139.5% vs 2024
- Median grant
- $20,000
- Total assets
- $4,111,915
- -0.7% vs 2024
- Primary geography
- Pennsylvania (85% 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 The Charles Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was National Philanthropic Trust ($165K). Together the top 3 received $195K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 26 grants of 31 (84%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How The Charles Foundation gives
- Giving held roughly steady from 2022 to 2025 (−19%). Method
- In 2025 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $190K (2024) to $240K (2022). In 2025 it made 3 grants totaling $195K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Philanthropic Trust Jenkintown, PA | General Welfare | $165,000 |
| Conductive Learning Center Grand Rapids, MI | General Welfare | $20,000 |
| Mary Free Bed Rehabilitation Hospital Grand Rapids, MI | General Welfare | $10,000 |
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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 | $4,111,915 | $171,109 | $200,247 | $195,000 | 3 | $197,624 | $168,484 | $201,685 |
| 2024 | $4,141,053 | $208,932 | $200,344 | $190,000 | 7 | $191,918 | $208,396 | $196,754 |
| 2023 | $4,132,374 | $157,909 | $198,072 | $195,000 | 7 | $196,837 | $157,535 | $192,520 |
| 2022 | $4,172,552 | $102,326 | $245,500 | $240,000 | 7 | $241,883 | $101,833 | $204,148 |
| 2021 | $4,315,939 | $144,908 | $223,244 | $220,000 | 7 | $221,966 | $143,976 | $232,557 |
| 2020 | $4,394,274 | $-21,515 | $220,101 | $215,000 | 7 | — | $61,224 | $231,238 |
Under IRS private-foundation payout rules, The Charles Foundation reported a distributable amount of $202K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Charles Foundation is led by T. Hohman, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
T. Hohman
President
On filings since 2020
1 hr/week
No compensation reported
B. Hohman
Vice President
On filings since 2020
1 hr/week
No compensation reported
J. Sayers
Corporate Secretary
On filings since 2020
1 hr/week
No compensation reported
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 The Charles Foundation
How much does The Charles Foundation give each year?
The Charles Foundation gave $195K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $190K across 7 grants.
What is The Charles Foundation's typical grant size?
The Charles Foundation's median grant in 2025 was $20,000, and its average grant was $65,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Charles Foundation give grants?
The Charles Foundation gives mostly in Pennsylvania: 85% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Michigan (15%). The most frequent recipient cities were Grand Rapids, MI (2 grants).
Does The Charles Foundation give general operating support?
Yes: 100% of The Charles Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Charles Foundation?
The Charles Foundation reported $4.1M in total assets on its 2025 IRS Form 990-PF. It paid out $198K in qualifying distributions that year, against a required minimum of $202K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Charles Foundation's EIN?
The Charles Foundation's EIN (Employer Identification Number) is 47-2566114. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Charles Foundation funds
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