Charter Fund Inc

Organization Overview

Charter Fund Inc is located in Broomfield, CO. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charter Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Charter Fund Inc generated $251.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $75.8m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Charter Fund Inc has awarded 2,175 individual grants totaling $425,050,989. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

CHARTER FUND, INC (THE "FUND OR "CHARTER SCHOOL GROWTH FUND") PRIMARILY PROVIDES GRANTS AND LOANS TO CHARTER SCHOOL MANAGEMENT ORGANIZATIONS THAT MANAGE AND GROW NETWORKS OF SCHOOLS. THE FUND ONLY SUPPORTS ORGANIZATIONS THAT DEMONSTRATE AN IMPACT ON UNDERSERVED STUDENT POPULATIONS AND OUTSTANDING VALUE-ADDED ACADEMIC GAINS. THE FUND FOCUSES ON GEOGRAPHIC AREAS SUPPORTIVE OF FURTHER EXPANSION OF CHARTER SCHOOLS. THE FUND DISTRIBUTED $53,983,999 OF GRANTS TO OR FOR THE BENEFIT OR CHARTER SCHOOL MANAGEMENT ORGANIZATIONS AND INCURRED ADDITIONAL CHARITABLE EXPENSES OF $19,837,550 DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2021. IN ADDITION, THE FUND ISSUED $15,935,301 OF PROGRAM-RELATED INVESTMENT (PRI) LOANS TO CHARTER SCHOOL MANAGEMENT ORGANIZATIONS DURING THE CALENDAR YEAR ENDING DECEMBER 31, 2021. SEE PART IX-B AND XV FOR A DETAILED LISTING OF LOANS AND GRANTS DURING THE CURRENT YEAR.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Afton Partners
$487,140
Transcend Inc
$330,000
Boardontrack Inc
$243,000
Duane Morris Llp
$194,936
Together Education Inc
$198,500
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $190,074,993
Interest on Savings $3,518
Dividends & Interest $3,528,462
Net Rental Income$0
Net Gain on Sale of Assets $53,690,637
Capital Gain Net Income $60,222,850
Net ST Capital Gain $0
Income Modifications $31,699,083
Profit on Inventory Sales $0
Other Income $4,623,934
Total Revenue $251,921,544

Grants Awarded

Over the last fiscal year, Charter Fund Inc has awarded $50,815,899 in support to 254 organizations.

Grant RecipientAmount

Houston, TX

PURPOSE: CHARTER SCHOOL GROWTH

$2,500,000

ENTREPRENEURIAL VENTURES IN EDUCATION INC

Org PageRecipient Profile

Quincy, MA

PURPOSE: CHARTER SCHOOL GROWTH

$1,700,000

CAMBIAR EDUCATION

Org PageRecipient Profile

San Diego, CA

PURPOSE: CHARTER SCHOOL IMPACT

$1,000,000

YES PREP PUBLIC SCHOOLS INC

Org PageRecipient Profile

Houston, TX

PURPOSE: CHARTER SCHOOL GROWTH

$1,000,000

THE GREATHEARTS FOUNDATION INC

PURPOSE: CHARTER SCHOOL GROWTH

$1,000,000

KIPP NEW JERSEY

PURPOSE: CHARTER SCHOOL GROWTH

$900,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Charter Fund Inc has recieved totaling $83,325,619.

Awarding OrganizationAmount
The Robert D And Patricia E Kern Family Foundation Inc

Waukesha, WI

PURPOSE: IMPACT-CHARACTER-CTE INTEGRATION

$36,000,000
Brown Foundation Inc

Houston, TX

PURPOSE: TEXAS SUPERCHARGE FUND

$25,000,000
The Robert D And Patricia E Kern Family Foundation Inc

Waukesha, WI

PURPOSE: IMPACT-CHARACTER-CTE INTEGRATION

$9,000,000
Bill & Melinda Gates Foundation

Seattle, WA

PURPOSE: K-12 EDUCATION

$6,367,981
Louis Calder Foundation

Denver, CO

PURPOSE: SCHOOL GROWTH

$4,000,000
Kovner Foundation

Jupiter, FL

PURPOSE: GENERAL SUPPORT

$1,000,000
View Grant Recipient Profile

Peer Organizations

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