The Charlotte Foundation Inc is a private independent foundation established in 1999 and based in Boston, Massachusetts. The foundation operates as a grantmaking organization focused on providing operational support to nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.0M
+13.8% YoY
Annual Giving
$487K
+7.9% YoY
Grant Count
35
-40.7% YoY
Avg Grant Size
$14K
+81.9% YoY
Under IRS private-foundation payout rules, The Charlotte Foundation Inc reported a distributable amount of $394K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The Charlotte Foundation makes grants primarily focused on operations budget assistance for nonprofit organizations. Recent grant activity includes:
Grant Range
s typically range from $100 to $225,800, with recent median and average grant amounts reflecting this range.
Average Grant
amounts reflecting this range.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Massachusetts, Rhode Island, and Connecticut.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $7,990,682
- Total Revenues: $839,560
- Total Expenses: $707,738
- Total Giving: $487,274
Revenue Composition (2024):
- Investment income and dividends: $115,123
- Net gain from sale of non-inventory assets: $653,908
- Total grants and contributions received: $0
Year-over-Year Changes (2024 vs. 2023):
- Investment income increased 46.6%
- Net gains from asset sales increased 1,463.2%
- Total grants and contributions decreased 100% from $488,177 in 2023
Staffing: The foundation operates with 0 employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,990,682 | $7,020,959 | $6,166,412 |
| Revenue | $839,560 | $965,168 | $632,953 |
| Expenses | $707,738 | $628,155 | $744,959 |
| Qualifying Distributions | $555,290 | $514,140 | $610,796 |
| Net Investment Income | $733,386 | $791,975 | $720,139 |
| Distributable Amount | $394,103 | $323,018 | $288,004 |
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
233 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Social Innovation Forum ($225,800), EdVestors Inc ($130,000), Skidmore College ($76,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Adventure Cycling Association Missoula, MT | Operations budget assistance | $250 |
| Alzheimer's Association Waltham, MA | Operations budget assistance | $1,000 |
| Appalachian Trail Conservatory Harpers Ferry, WV | Operations budget assistance | $1,000 |
| Arts Emerson Boston, MA | Operations budget assistance | $1,000 |
| League of American Cyclists Washington, DC | Operations budget assistance | $250 |
| Bikes not Bombs Jamaica Plain, MA | Operations budget assistance | $1,000 |
| Block Island Conservancy Block Island, RI | Operations budget assistance | $2,500 |
| Block Island Health Services Block Island, RI | Operations budget assistance | $1,000 |
| Block Island Residents Association Block Island, RI | Operations budget assistance | $700 |
| Boston Area Gleaners Waltham, MA | Operations budget assistance | $250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Peter Thorne | Director | 1 | — |
| Katherine Gross | Director | 1 | — |
Contact Information
Address: 100 High St, Floor 27, Boston, MA 02110-2321
Phone: 617-868-1910
EIN: 04-3493343
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from The Charlotte Foundation Inc?
The Charlotte Foundation makes grants primarily focused on operations budget assistance for nonprofit organizations. Recent grant activity includes: • **Social Innovation Forum:** $225,800 (2024) • **EdVestors:** $130,000 (2024) • **Skidmore College:** $76,000 (2024) The foundation made 61 grants in 2024, with additional grants totaling $478,174 beyond the three largest awards listed above. Grant sizes typically range from $100 to $225,800, with recent median and average grant amounts reflectin…
Where does The Charlotte Foundation Inc make grants?
The foundation primarily funds organizations in Massachusetts, Rhode Island, and Connecticut.
What size grants does The Charlotte Foundation Inc award?
In 2024, The Charlotte Foundation Inc awarded 35 grants totaling $487K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is The Charlotte Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Charlotte Foundation Inc reported a distributable amount of $394K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Charlotte Foundation Inc's EIN?
The Charlotte Foundation Inc's EIN (Employer Identification Number) is 04-3493343. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Charlotte Foundation 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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