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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.4M
+0.2% YoY
Annual Giving
$502K
-4.7% YoY
Grant Count
81
-1.2% YoY
Avg Grant Size
$6K
-3.6% 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
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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
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,421,938 | $8,406,683 | $8,631,586 |
| Revenue | $615,480 | $403,176 | $496,504 |
| Expenses | $600,225 | $628,079 | $702,696 |
| Qualifying Distributions | $558,674 | $589,356 | $654,664 |
| Net Investment Income | $577,709 | $366,876 | $462,054 |
| Distributable Amount | $565,539 | $508,331 | $519,421 |
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
Giving History
Grant recipients and amounts by year
No grants recorded for .
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 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| J WALKER RICHMOND III | PRESIDENT AND SECRETARY | 15 | $38,250 |
| 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 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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