The Charlesmead Foundation Inc
- Assets
- $19.8m
- Revenue
- $3.6m
- Investments
- $19.0m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 52-1550204
Organization Overview
The Charlesmead Foundation Inc is located in Providence, RI. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Charlesmead Foundation 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, Charlesmead Foundation Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Charlesmead Foundation Inc has awarded 110 individual grants totaling $2,888,260. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Deering President | 2 | $0 | |
John Warren Trustee | 1 | $0 | |
Spencer Deering Trustee | 1 | $0 | |
Hather Crosby Trustee | 2 | $0 | |
Maron Deering Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scs Capital | 12/30/21 | $187,500 |
Matheys Lane Capital Management Lp | 12/30/21 | $62,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $487,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,264,304 |
| Capital Gain Net Income | $2,264,304 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $875,964 |
| Total Revenue | $3,627,909 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $109,834 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $232,787 |
| Total operating and administrative expenses | $605,363 |
| Contributions, gifts, grants paid | $953,500 |
| Total expenses and disbursements | $1,558,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $430,243 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,376,321 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $393,800 |
| Total assets | $19,837,632 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Charlesmead Foundation Inc has awarded $953,500 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER STAGE PURPOSE: CAPITAL CAMPAIGN AND ANNUAL SUPPORT | $250,000 |
UMBC FOUNDATION PURPOSE: ARTS EDUCATION AND OUTREACH PROGRAMS | $100,000 |
JHU BERMAN INSTITUTE OF BIOETHICS PURPOSE: UNRESTRICTED GRANT | $100,000 |
DARTMOUTH COLLEGE FUND PURPOSE: TRUSTEE DESIGNATION | $75,000 |
JOHNS HOPKINS MEDICINE PURPOSE: UNRESTRICTED | $50,000 |
JHU PRESIDENTS OFFICE PURPOSE: UNRESTRICTED GRANT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Newmans Own Foundation Westport, CT | $226,904,846 | $19,666,525 |
Growald Climate Fund Inc Brookline, MA | $40,583,150 | $39,346,635 |
Peter And Ann Lambertus Family Foundation Inc Boston, MA | $280,283,227 | $22,807 |
F B Heron Foundation New Milford, CT | $412,823,233 | $28,288,660 |
Ralph R Papitto And Barbara A Papitto Private Family Foundation Hope, RI | $20,164,629 | $44,911,185 |
Diebold Foundation Inc Roxbury, CT | $15,650,779 | $11,297,446 |
Schooner Foundation Boston, MA | $234,086,951 | $101,845,887 |
Amelia Peabody Foundation Wellesley, MA | $142,407,971 | $16,470,894 |
Crimson Lion Foundation Boston, MA | $63,778,253 | $10,788,706 |
Hassenfeld Foundation Providence, RI | $69,706,667 | $3,941,296 |