The Charles Fund Inc
The Charles Fund Inc is a private foundation based in Charlottesville, Virginia, established in 1966. The organization operates as a 501(c)(3) charitable entity and functions as a grantmaking foundation with no direct charitable activities of its own.
Key facts about The Charles Fund Inc
- EIN
- 16-8064401
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $584,000
- Grants made (2025)
- 80
- Average grant
- $7,300
- Median grant
- $500
- New grantees (estimate)
- 1% first-time grantees (1 of 80, 2025)
- Primary geography
- Virginia (66% 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 The Charles Fund Inc funds
By grant dollars, the top recipient states for The Charles Fund Inc's 80 itemized 2025 grants were Virginia (66%) and New York (34%). The most frequent recipient cities were Charlottesville, VA (59 grants), Rochester, NY (3 grants), Staunton, VA (2 grants) and Richmond, VA (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is The Charles Fund Inc open to new grantees?
1%
first-time grantees, 2025
In 2025, 1 of 80 grantees (1%) were first-time recipients. First grants averaged $250; repeat grants $7K. How we count
Medians: $250 first-time, $500 repeat.
- 95% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−3%). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2025). 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 The Charles Fund Inc
- How to evaluate The Charles Fund Inc as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$584K
+16.5% YoY
Grant Count
80
-1.2% YoY
Avg Grant Size
$7K
+17.9% YoY
Mission & Focus Areas
The Charles Fund supports the general purposes of its grantees across multiple sectors, with particular emphasis on:
- Arts and culture
- Museums and science museums
- Philanthropy and nonprofit support
- Health and medical care
- In-patient medical care and hospital care
- Medical specialties and geriatrics
Grantmaking
The foundation funds organizations for their general purposes rather than project-specific initiatives.
Grant Range
approximately $7,100
Average Grant
approximately $7,100
Ready to take the next step with The Charles Fund Inc?
Geographic Focus
Where this funder awards grants
The Charles Fund primarily operates in:
- Virginia
- New York
- New Jersey
- Pennsylvania
Specific cities include Charlottesville, Richmond, and Williamsburg.
Grant Distribution by State
Share of all 80 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $8,406,683
- Total revenues: $403,176
- Total expenses: $628,079
- Total giving: $526,500
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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
417 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Rochester Museum and Science Center ($65,000), Genesee Country Village & Museum ($60,000), Montpelier Foundation ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ROCHESTER MUSEUM AND SCIENCE CENTER Rochester, NY | GENERAL PURPOSES OF DONEE | $65,000 |
| GENESEE COUNTRY VILLAGE & MUSEUM Mumford, NY | GENERAL PURPOSES OF DONEE | $60,000 |
| MONTPELIER FOUNDATION Orange, VA | GENERAL PURPOSES OF DONEE | $60,000 |
| AMERICAN FRONTIER CULTURAL FOUNDATION Staunton, VA | GENERAL PURPOSES OF DONEE | $50,000 |
| HILLSIDE FAMILY OF AGENCIES Rochester, NY | GENERAL PURPOSES OF DONEE | $50,000 |
| JEFFERSON AREA BOARD FOR AGING Charlottesville, VA | GENERAL PURPOSES OF DONEE | $30,000 |
| SHENANDOAH NATIONAL PARK TRUST Charlottesville, VA | GENERAL PURPOSES OF DONEE | $30,000 |
| MARTHA JEFFERSON HOSPITAL FOUNDATION Charlottesville, VA | GENERAL PURPOSES OF DONEE | $25,000 |
| THOMAS JEFFERSON FOUNDATION Charlottesville, VA | GENERAL PURPOSES OF DONEE | $25,000 |
| UNCOMMON SCHOOLS ROCHESTER PREP Rochester, NY | GENERAL PURPOSES OF DONEE | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Joseph W. Richmond Jr. – President
- J. Walker Richmond III – Secretary & Treasurer
- Betsy Carver – Vice President
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| J Walker Richmond III | President and Secretary | 15 | $39,650 |
| Joseph W Richmond Jr | Vice President and Treasurer | 5 | $2,000 |
| Gregory Carver | Vice President | 1 | $2,000 |
| Timothy Alexander | Vice President | 1 | $2,000 |
| Betsy Carver | Director | 1 | $2,000 |
| Deborah Maggs | Director | 1 | $2,000 |
| Anne M Farnham | Director | 1 | $2,000 |
| James Farnham | Director | 1 | $2,000 |
| Shari Belanger | Director | 1 | $2,000 |
| Sarah Riley | Director | 1 | $2,000 |
Frequently Asked Questions
What does The Charles Fund Inc fund?
The Charles Fund supports the general purposes of its grantees across multiple sectors, with particular emphasis on: • Arts and culture • Museums and science museums • Philanthropy and nonprofit support • Health and medical care • In-patient medical care and hospital care • Medical specialties and geriatrics
How do I apply for a grant from The Charles Fund Inc?
**Grant Activity:** • Made 81 grants in 2023 • Total giving in 2023: $526,500–$603,000 • Average grant size: approximately $7,100 • Median grant size: $500 • Typical award range: $250–$75,000 **Recent Grantees (2023):** • Montpelier Foundation: $60,000 • Genesee Country Village and Museum: $50,000 • American Frontier Culture Foundation: $50,000 The foundation funds organizations for their general purposes rather than project-specific initiatives.
Where does The Charles Fund Inc make grants?
The Charles Fund primarily operates in: • Virginia • New York • New Jersey • Pennsylvania Specific cities include Charlottesville, Richmond, and Williamsburg.
What size grants does The Charles Fund Inc award?
In 2025, The Charles Fund Inc awarded 80 grants totaling $584K — an average of about $7K per grant, based on its IRS Form 990 filings.
What is The Charles Fund Inc's EIN?
The Charles Fund Inc's EIN (Employer Identification Number) is 16-8064401. IRS Form 990 filing data is available on this page for 2020–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.