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Filing year 2024

THE CHARLES FUND INC

Charlottesville, Virginia·EIN 16-8064401·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$615k
Total assets
$8.4M
Total expenses
$600k
Reported officers
10

Executive compensation

Form 990-PF · Part VIII · 10 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.

President and Secretary
Board President
Median to 75th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Virginia
$38k
$41k
Director
Unclassified
$2k
$2k
Director
Unclassified
$2k
$2k
Director
Unclassified
$2k
$2k
Director
Unclassified
$2k
$2k
Director
Unclassified
$2k
$2k
Director
Unclassified
$2k
$2k
Vice President and Treasurer
Board Vice President
10th to 25th percentile
$2k
$2k
Vice President
Board Vice President
10th to 25th percentile
$2k
$2k
Vice President
Board Vice President
10th to 25th percentile
$2k
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE CHARLES FUND INC equaled 6% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
6%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$502k

Itemized grants

81

Median grant

$500

RecipientLocationPurposeAmount
MONTPELIER FOUNDATIONORANGE, VAGENERAL PURPOSES OF DONEE$60k
AMERICAN FRONTIER CULTURAL FOUNDATIONSTAUNTON, VAGENERAL PURPOSES OF DONEE$50k
GENESEE COUNTRY VILLAGE & MUSEUMMUMFORD, NYGENERAL PURPOSES OF DONEE$50k
HILLSIDE FAMILY OF AGENCIESROCHESTER, NYGENERAL PURPOSES OF DONEE$50k
JEFFERSON AREA BOARD FOR AGINGCHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$25k
MARTHA JEFFERSON HOSPITAL FOUNDATIONCHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$25k
ROCHESTER MUSEUM AND SCIENCE CENTERROCHESTER, NYGENERAL PURPOSES OF DONEE$25k
SHENANDOAH NATIONAL PARK TRUSTCHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$25k
THOMAS JEFFERSON FOUNDATIONCHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$25k
UNCOMMON SCHOOLS ROCHESTER PREPROCHESTER, NYGENERAL PURPOSES OF DONEE$25k
CHILD HEALTH PARTNERSHIP INCCHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$20k
UNITED WAY - THOMAS JEFFERSON AREACHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$20k
MADISON HOUSECHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$15k
WOODROW WILSON PRESIDENTIAL LIBRARY GRANTSTAUNTON, VAGENERAL PURPOSES OF DONEE$15k
VIRGINIA MUSEUM OF HISTORY & CULTURERICHMOND, VAGENERAL PURPOSES OF DONEE$12k
HABITAT FOR HUMANITY OF CHARLOTTESVILLECHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$10k
BOTANICAL GARDENS OF THE PIEDMONTCHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$5k
COMPUTERS4KIDSCHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$5k
LITERACY VOLUNTEERSCHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$5k
THE CENTER AT BELVEDERECHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$5k
VA FOUNDATION FOR THE HUMANITIESCHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$5k
ALBEMARLE CHARLOTTESVILLE HISTORICAL SOCIETYCHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$1k
ALL BLESSINGS FLOWCHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$1k
BLUE RIDGE AREA FOOD BANKVERONA, VAGENERAL PURPOSES OF DONEE$1k
LEGAL AID JUSTICE CENTERCHARLOTTESVILLE, VAGENERAL PURPOSES OF DONEE$1k
Compare this foundation's grantees

Up 21%
from 2023

From $32k in 2023 to $38k in 2024.

$32k
2023
$38k
2024
In today's dollarsEst.
Up 18% in real terms$34k to $41k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay rose 1813% from 2023 to 2024, while revenue rose 53%.

$2k in 2023 to $38k in 2024.
  • Board Vice President pay held roughly steady from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE CHARLES FUND INC

What does the Board President of THE CHARLES FUND INC earn?

In 2024, the Board President of THE CHARLES FUND INC received $38,250 in total compensation. This pay is above the median (the midpoint) for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in Virginia, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board President pay at THE CHARLES FUND INC compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Virginia, the 2024 pay of the Board President at THE CHARLES FUND INC falls between the median and the 75th percentile. In 2024, the highest total compensation at THE CHARLES FUND INC equaled 6% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE CHARLES FUND INC's revenue and expenses?

In 2024, THE CHARLES FUND INC reported $615k in total revenue and $600k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.