The Charter Foundation Inc
The Charter Foundation Inc is a private foundation based in Valley, Alabama, with additional identification to Orlando, Florida. Established in 1994, the foundation has been investing in the future of Troup County, Georgia and Chambers County, Alabama communities for over three decades. The foundation operates as a 501(c)(3) organization and functions as a private grantmaking foundation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.0M
-3.0% YoY
Annual Giving
$446K
+2.8% YoY
Grant Count
28
-22.2% YoY
Avg Grant Size
$16K
+32.2% YoY
Mission & Focus Areas
The Charter Foundation uses its resources with the intention of improving the quality of life within the Troup County, Georgia and Chambers County, Alabama communities. The foundation seeks to assist non-profit organizations and programs working to improve these communities in thoughtful, creative, and meaningful ways.
Primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts and Culture
- Historical Activities and Historic Preservation
- Community and Economic Development
- Family Services
- Child Welfare
- Youth Development
Grantmaking
The foundation provides grants, scholarships, scholarship-classrooms, and operating grants to non-profit organizations.
Grant Types
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Alabama
- Georgia
- Limited funding in Idaho
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $8,016,403
- Total Revenue: $1,382,264
- Total Expenses: $531,394
- Total Liabilities: $0
- Investment Income and Dividends: $198,555
Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,016,403 | $8,264,672 | $7,833,790 |
| Revenue | $1,399,677 | $-55,852 | $748,108 |
| Expenses | $531,394 | $496,223 | $526,736 |
| Qualifying Distributions | $497,905 | $433,500 | $456,448 |
| Net Investment Income | $1,370,482 | $184,588 | $174,521 |
| 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
181 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
- President: Robert L. Johnson
- Secretary: Bonnie F. Bonner
- Vice-President: William C. Gladden
- Director: Truist Bank
All leadership members work without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT L JOHNSON | PRESIDENT | 1 | — |
| BONNIE F BONNER | SECRETARY | 1 | $1,100 |
| WILLIAM C GLADDEN | VICE PRESIDENT | 1 | $1,000 |
| LAURA SMITH | DIRECTOR | 1 | — |
| NANCY DURAND | DIRECTOR | 1 | — |
| TOMMY WHITWORTH | TREASURY | 1 | — |
| LESLIE SMITH | DIRECTOR | 1 | — |
| CHARLES STORY | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking operations with 44 grants distributed in 2024. The foundation remains open to new applicants and maintains its commitment to supporting non-profit organizations and programs in its service areas.
Chartway Credit Union\u2019s Promise Foundation Awards Over $1M in Grants\Subject Areas
Focus areas based on grantmaking activity
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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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