Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
CHARTER FUND INC
D/B/A CHARTER SCHOOL GROWTH FUND
Number and street (or P.O. box number if mail is not delivered to street address)10901 WEST 120TH AVENUE NO 450
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BROOMFIELD, CO80021
A Employer identification number

05-0620063
B Telephone number (see instructions)

(303) 217-8090
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$200,620,807J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 54,026,889
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 656,589 656,589 656,589
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 16,922
b Gross sales price for all assets on line 6a 340,889
7 Capital gain net income (from Part IV, line 2)... 16,922
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 906,656 906,656 906,656
12 Total. Add lines 1 through 11........ 55,607,056 1,580,167 1,563,245
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 865,500 104,831 0 813,669
14 Other employee salaries and wages...... 2,760,350 435,201 1,563,245 797,503
15 Pension plans, employee benefits....... 449,624 66,966 0 372,483
16a Legal fees (attach schedule)......... Click to see attachment 46,297 0 0 40,203
b Accounting fees (attach schedule)....... Click to see attachment 41,646 10,412 0 31,235
c Other professional fees (attach schedule).... Click to see attachment 768,322 0 0 773,318
17 Interest............... 515,580 0 0 397,926
18 Taxes (attach schedule) (see instructions)... Click to see attachment 223,372 0 0 235,771
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 151,910 0 0 169,124
21 Travel, conferences, and meetings....... 1,253,858 0 0 1,137,508
22 Printing and publications.......... 65,372 0 0 74,371
23 Other expenses (attach schedule)....... Click to see attachment 630,158 11,167 0 602,511
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,771,989 628,577 1,563,245 5,445,622
25 Contributions, gifts, grants paid....... 54,086,691 54,196,691
26 Total expenses and disbursements. Add lines 24 and 25 61,858,680 628,577 1,563,245 59,642,313
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,251,624
b Net investment income (if negative, enter -0-) 951,590
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 39,105,624 42,715,884 42,715,884
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet884
Less: allowance for doubtful accounts bullet   3,659,532 884 884
4 Pledges receivable bullet23,362,989
Less: allowance for doubtful accounts bullet435,736 40,803,533 22,927,253 22,927,253
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 129,830 164,486 164,486
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 41,504,588 Click to see attachment41,549,892 41,549,892
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,849 Click to see attachment1,840 1,840
14 Land, buildings, and equipment: basis bullet49,972
Less: accumulated depreciation (attach schedule) bullet49,972      
15 Other assets (describe bullet) Click to see attachment81,939,446 Click to see attachment93,260,568 Click to see attachment93,260,568
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 207,144,402 200,620,807 200,620,807
Liabilities 17 Accounts payable and accrued expenses.......... 734,249 2,945,642
18 Grants payable..................    
19 Deferred revenue................. 801,589 321,046
20 Loans from officers, directors, trustees, and other disqualified persons 18,308,000 Click to see attachment13,308,000
21 Mortgages and other notes payable (attach schedule)...... 350,000 Click to see attachment3,650,000
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 20,193,838 20,224,688
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 121,031,690 125,626,902
25 Temporarily restricted............... 65,918,874 54,769,217
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 186,950,564 180,396,119
31 Total liabilities and net assets/fund balances (see instructions). 207,144,402 200,620,807
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
186,950,564
2
Enter amount from Part I, line 27a .....................
2
-6,251,624
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
180,698,940
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
302,821
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
180,396,119
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 322,971   323,967 -996
b 17,918     17,918
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -996
b       17,918
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 16,922
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -996
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 71,745,539 87,863,810 0.816554
2013 60,694,239 80,912,310 0.750124
2012 31,549,711 60,022,694 0.525630
2011 46,395,056 40,049,152 1.158453
2010 48,900,938 23,866,756 2.048914
2
Total of line 1, column (d) .....................
25.299675
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
1.059935
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
85,725,532
5
Multiply line 4 by line 3......................
5
90,863,492
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
9,516
7
Add lines 5 and 6........................
7
90,873,008
8
Enter qualifying distributions from Part XII, line 4.............
8
84,117,313
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 19,032
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 19,032
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 19,032
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 24,380
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 24,380
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 2
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,346
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet5,346 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA, CO, DE, TN, FL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletCHARTERGROWTHFUND.ORG
    14
    The books are in care ofbulletJULIE MAIER Telephone no.bullet (303) 217-8090

    Located atbullet10901 WEST 120TH AVENUE STE 450BROOMFIELDCO ZIP+4bullet80021
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    KEVIN HALL PRESIDENT/CEO
    55.00     		550,000 25,255 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    JULIE MAIER VICE PRESIDENT/ASSISTANT TREASURER
    40.00     		201,000 24,537 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    RICHARD BILLINGS ASSISTANT SECRETARY
    40.00     		167,500 13,605 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    JOHN FISHER CHAIR/DIRECTOR
    1.00     		0 0 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    JAMES C RAHN DIRECTOR
    1.00     		0 0 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    ALLAN C GOLSTON DIRECTOR
    1.00     		0 0 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    MASON HAWKINS DIRECTOR
    1.00     		0 0 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    STACY SCHUSTERMAN DIRECTOR
    1.00     		0 0 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    CARRIE WALTON PENNER DIRECTOR
    1.00     		0 0 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    DARRYL COBB PARTNER
    40.00     		282,500 16,456 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    ALEJANDRO HERNANDEZ PARTNER
    40.00     		255,500 24,946 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    KATHY HAMEL PARTNER
    40.00     		225,500 25,782 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    ERIC CHAN PARTNER
    40.00     		186,000 13,532 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    ANNIE SORICH SENIOR VICE PRESIDEN
    40.00     		160,000 9,677 0
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    Total number of other employees paid over $50,000...................bullet 15
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    SCHOOLZILLA INC TECHNOLOGY CONSULTING 285,670
    180 GRAND AVE STE 935
    OAKLAND,CA94610
    VIOLET SQUARE LLC CONSULTING 131,000
    ONE LAS OLAS CIRCLE STE 1407
    FORT LAUDERDALE,FL33316
    DW INC CONSULTING 85,000
    6417 ENDWOOD DRIVE
    LONG GROVE,IL60047
    ADVOCATE CREATIVE WEBSITE/BRANDING CONSULTING 56,000
    1915 WEST HURON ST APT 2
    CHICAGO,IL60622
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 CHARTER FUND, INC. (THE "FUND") PRIMARILY PROVIDES GRANTS AND LOANS TO CHARTER SCHOOL MANAGEMENT ORGANIZATIONS WHICH MANAGE NETWORKS OF SCHOOLS. THE FUND ONLY SUPPORTS ORGANIZATIONS WHICH CAN DEMONSTRATE AN IMPACT ON UNDERSERVED STUDENT POPULATIONS AND OUTSTANDING VALUE ADDED ACADEMIC GAINS. THE FUND FOCUSES IN GEOGRAPHIC AREAS SUPPORTIVE OF FURTHER EXPANSION OF CHARTER SCHOOLS. THE FUND MADE $54,196,691 OF GRANTS AND PROVIDED, $24,475,000 OF LOANS TO CHARTER SCHOOL MANAGEMENT ORGANIZATIONS DURING CALENDAR YEAR ENDING DECEMBER 31, 2015. SEE PART IX-B AND XV FOR A DETAILED LISTING OF LOANS AND GRANTS MADE DURING THE CURRENT YEAR. 61,205,558
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 DISCOUNT NOTE TO ASPIRE PUBLIC SCHOOLS (FACILITY LOAN) 3,500,000
    2 DISCOUNT NOTE TO MASTERY CHARTER SCHOOLS FOUNDATION (FACILITY LOAN) 3,400,000
    All other program-related investments. See instructions.
    3 Click to see attachment 17,575,000
    Total. Add lines 1 through 3.........................bullet24,475,000
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    41,828,636
    b
    Average of monthly cash balances.......................
    1b
    35,063,861
    c
    Fair market value of all other assets (see instructions)................
    1c
    10,138,500
    d
    Total (add lines 1a, b, and c).........................
    1d
    87,030,997
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    87,030,997
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,305,465
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    85,725,532
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,286,277
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
     
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    59,642,313
    b
    Program-related investments—total from Part IX-B..................
    1b
    24,475,000
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    84,117,313
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    84,117,313
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$  
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
    2015-08-20
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
    0 0 0 0 0
    b 85% of line 2a ......... 0 0 0 0 0
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		84,117,313 71,745,539 60,694,239 31,549,711 248,106,802
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		54,196,691 44,599,744 34,096,658 19,263,855 152,156,948
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		29,920,622 27,145,795 26,597,581 12,285,856 95,949,854
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		2,857,518 2,928,794 2,697,077 2,000,757 10,484,146
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    KEVIN HALL CEO CHARTER SCHOOL GROWT
    10901 WEST 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021
    (303) 217-8090
    bThe form in which applications should be submitted and information and materials they should include:
    CHARTER SCHOOL GROWTH FUND APPLICATIONS SHOULD BE SUBMITTED ONLINE AT WWW.CHARTERGROWTHFUND.ORG
    cAny submission deadlines:
    VARIED THROUGHOUT THE YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CHARTER FUND, INC. (THE "FUND") PRIMARILY PROVIDES GRANTS AND LOANS TO CHARTER SCHOOL MANAGEMENT ORGANIZATIONS THAT MANAGE AND GROW NETWORKS OF SCHOOLS. THE FUND ONLY SUPPORTS ORGANIZATIONS WHICH CAN DEMONSTRATE AN IMPACT ON UNDERSERVED STUDENT POPULATIONS AND OUTSTANDING VALUE ADDED ACADEMIC GAINS. THE FUND FOCUSES IN GEOGRAPHIC AREAS SUPPORTIVE OF FURTHER EXPANSION OF CHARTER SCHOOLS.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACHIEVEMENT FIRST INC
    403 JAMES STREET
    NEW HAVEN,CT06513     		N/A PC IMPLEMENTATION 250,000
    ACHIEVEMENT FIRST INC
    403 JAMES STREET
    NEW HAVEN,CT06513     		N/A PC LOAN FORGIVENESS - IMPLEMENTATION 400,000
    ACHIEVEMENT PREPARATORY ACADEMY INC
    908 WAHLER PL SE
    WASHINGTON,DC20032     		N/A PC NEXT SCHOOL 112,000
    ASCEND LEARNING INC
    205 ROCKAWAY PARKWAY 6TH FLOOR
    BROOKLYN,NY11212     		N/A PC IMPLEMENTATION 266,849
    ASPIRE PUBLIC SCHOOLS
    1001 22ND AVENUE
    OAKLAND,CA94606     		N/A PC OTHER CAPACITY 2,000,000
    ASPIRE PUBLIC SCHOOLS
    1001 22ND AVENUE
    OAKLAND,CA94606     		N/A PC START-UP 100,000
    ASPIRE PUBLIC SCHOOLS
    1001 22ND AVENUE
    OAKLAND,CA94606     		N/A PC OTHER CAPACITY 25,000
    ASPIRE PUBLIC SCHOOLS
    1001 22ND AVENUE
    OAKLAND,CA94606     		N/A PC LOAN FORGIVENESS - IMPLEMENTATION 700,000
    BEACON COLLEGE PREP INC
    125 E SAN MARINO DR
    MIAMI BEACH,FL33139     		N/A PC NEXT SCHOOL 200,000
    BEACON COLLEGE PREP INC
    125 E SAN MARINO DR
    MIAMI BEACH,FL33139     		N/A PC NEXT SCHOOL 300,000
    BOULWARE SPRINGS CHARTER SCHOOL
    2021 NW 23RD TERRACE
    GAINESVILLE,FL32605     		N/A PC NEXT SCHOOL 125,000
    BOULWARE SPRINGS CHARTER SCHOOL
    2021 NW 23RD TERRACE
    GAINESVILLE,FL32605     		N/A PC NEXT SCHOOL 125,000
    BRIGHTER CHOICE FOUNDATION INC
    116 NORTH LAKE AVE
    ALBANY,NY12206     		N/A PC LOAN FORGIVENESS - IMPLEMENTATION 500,000
    CAPITAL PREPARATORY SCHOOLS INCORPORATED
    40 MIDDLEFIELD ST
    MIDDLETOWN,CT06457     		N/A PC ENTREPRENEUR IN RESIDENCE 150,000
    CAPITAL PREPARATORY SCHOOLS INCORPORATED
    40 MIDDLEFIELD ST
    MIDDLETOWN,CT06457     		N/A PC ENTREPRENEUR IN RESIDENCE 100,000
    CAPITAL PREPARATORY SCHOOLS INCORPORATED
    40 MIDDLEFIELD ST
    MIDDLETOWN,CT06457     		N/A PC NEXT SCHOOL 200,000
    CAPSTONE EDUCATION GROUP INC
    320 CARPENTER ST
    MEMPHIS,TN38112     		N/A PC START-UP 250,000
    CAPSTONE EDUCATION GROUP INC
    320 CARPENTER ST
    MEMPHIS,TN38112     		N/A PC IMPLEMENTATION 425,000
    CAPSTONE EDUCATION GROUP INC
    320 CARPENTER ST
    MEMPHIS,TN38112     		N/A PC OTHER CAPACITY 25,000
    CARMEN HIGH SCHOOL OF SCIENCE AND TECHNOLOGY INC
    5496 N 72ND
    MILWAUKEE,WI53211     		N/A PC IMPLEMENTATION 400,000
    CARMEN HIGH SCHOOL OF SCIENCE AND TECHNOLOGY INC
    5496 N 72ND
    MILWAUKEE,WI53211     		N/A PC IMPLEMENTATION 825,000
    CHARLOTTE LAB SCHOOL INC
    201 ALTONDALE AVENUE
    CHARLOTTE,NC28207     		N/A PC NEXT SCHOOL 250,000
    COLLEGIATE ACADEMIES
    5552 READ BLVD
    NEW ORLEANS,LA70127     		N/A PC IMPLEMENTATION 874,000
    COMMUNITY AND ECONOMIC DEVELOPMENT
    635 STRONG RD
    QUINCY,FL32351     		N/A PC NEXT SCHOOL 125,000
    COMMUNITY AND ECONOMIC DEVELOPMENT
    635 STRONG RD
    QUINCY,FL32351     		N/A PC NEXT SCHOOL 125,000
    CROWN PREPARATORY ACADEMY
    3200 W ADAMS BLVD
    LOS ANGELES,CA90018     		N/A PC OTHER CAPACITY 250,000
    DENVER SCHOOL OF SCIENCE AND TECHNOLOGY INC
    3401 QUEBEC STREET SUITE 7200
    DENVER,CO80207     		N/A PC IMPLEMENTATION 750,000
    EAGLE COLLEGE PREP ENDEAVOR INC
    3716 MORGANFORD RD
    ST LOUIS,MO63116     		N/A PC START-UP 100,000
    EDUCATIONAL ENTERPRISES INC
    20935 W SWENSON DR STE 101
    WAUKESHA,WI53186     		N/A PC IMPLEMENTATION 750,000
    EQUITAS ACADEMY CHARTER SCHOOL INC
    1700 W PICO BLVD
    LOS ANGELES,CA90015     		N/A PC NEXT SCHOOL 200,000
    FIRSTLINE SCHOOLS INC
    300 N BROAD ST SUITE 207
    NEW ORLEANS,LA70119     		N/A PC IMPLEMENTATION 300,000
    FRAYSER COMMUNITY SCHOOLS
    1530 DELLWOOD AVE
    MEMPHIS,TN38127     		N/A PC OTHER CAPACITY 3,750
    FREEDOM PREPARATORY ACADEMY INC
    964 FIELDS ROAD
    MEMPHIS,TN38109     		N/A PC IMPLEMENTATION 200,000
    FREEDOM PREPARATORY ACADEMY INC
    964 FIELDS ROAD
    MEMPHIS,TN38109     		N/A PC OTHER CAPACITY 3,750
    FRIENDS OF BREAKTHROUGH SCHOOLS
    10118 HAMPDEN AVE
    CLEVELAND,OH44108     		N/A PC START-UP 200,000
    FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE
    1960 BENEDICT AVE
    BRONX,NY10462     		N/A PC BUSINESS PLANNING 40,000
    FRIENDS OF BRONX CHARTER SCHOOL FOR EXCELLENCE
    1960 BENEDICT AVE
    BRONX,NY10462     		N/A PC OTHER CAPACITY 200,000
    FRIENDS OF TEAM ACADEMY CHARTER SCHOOL INC
    85 CUSTER AVENUE
    NEWARK,NJ07112     		N/A PC IMPLEMENTATION 700,000
    GESTALT COMMUNITY SCHOOLS
    2650 THOUSAND OAKS BLVD SUITE 2370
    MEMPHIS,TN38118     		N/A PC IMPLEMENTATION 2,000,000
    GESTALT COMMUNITY SCHOOLS
    2650 THOUSAND OAKS BLVD SUITE 2370
    MEMPHIS,TN38118     		N/A PC OTHER CAPACITY 25,000
    GESTALT COMMUNITY SCHOOLS
    2650 THOUSAND OAKS BLVD SUITE 2370
    MEMPHIS,TN38118     		N/A PC LOAN FORGIVENESS - IMPLEMENTATION 825,000
    GREAT HEARTS AMERICA
    444 N 44TH ST STE 100
    PHOENIX,AZ85008     		N/A PC START-UP 500,000
    GREEN DOT PUBLIC SCHOOLS TENNESSEE
    4950 FAIRLEY RD
    MEMPHIS,TN38109     		N/A PC IMPLEMENTATION 1,560,000
    GREEN DOT PUBLIC SCHOOLS TENNESSEE
    4950 FAIRLEY RD
    MEMPHIS,TN38109     		N/A PC FACILITY 1,200,000
    GREEN DOT PUBLIC SCHOOLS TENNESSEE
    4950 FAIRLEY RD
    MEMPHIS,TN38109     		N/A PC LOAN FORGIVENESS - IMPLEMENTATION 1,000,000
    HENDERSON COLLEGIATE
    906 HEALTH CENTER ROAD
    HENDERSON,NC27536     		N/A PC OTHER CAPACITY 250,000
    INNOVATION ACADEMY INC
    3824 AUSTIN PEAY HWY
    MEMPHIS,TN38128     		N/A PC OTHER CAPACITY 13,000
    INNOVATION CHARTER SCHOOL INC
    600 SW 3RD STREET
    POMPANO BEACH,FL33060     		N/A PC NEXT SCHOOL 500,000
    INSPIRENOLA CHARTER SCHOOLS
    3520 GENERAL DEGAULLE STE 4040
    NEW ORLEANS,LA70114     		N/A PC IMPLEMENTATION 850,000
    INSPIRENOLA CHARTER SCHOOLS
    3520 GENERAL DEGAULLE STE 4040
    NEW ORLEANS,LA70114     		N/A PC START-UP 125,000
    INSPIRENOLA CHARTER SCHOOLS
    3520 GENERAL DEGAULLE STE 4040
    NEW ORLEANS,LA70114     		N/A PC IMPLEMENTATION 425,000
    INTRINSIC SCHOOLS
    4540 W BELMONT
    CHICAGO,IL60641     		N/A PC IMPLEMENTATION 650,000
    KIPP AUSTIN PUBLIC SCHOOLS INC
    8509 FM 969 BUILDLING C
    AUSTIN,TX78724     		N/A PC LOAN FORGIVENESS - IMPLEMENTATION 500,000
    KIPP ENC PUBLIC SCHOOLS
    320 PLEASEANT HILL RD
    GASTON,NC27832     		N/A PC LOAN FORGIVENESS - IMPLEMENTATION 750,000
    KIPP ENC PUBLIC SCHOOLS
    320 PLEASEANT HILL RD
    GASTON,NC27832     		N/A PC IMPLEMENTATION 500,000
    KIPP FOUNDATION
    135 MAIN STREET SUITE 1700
    SAN FRANCISCO,CA94105     		N/A PC OTHER GRANTS 25,000
    KIPP FOUNDATION
    135 MAIN STREET SUITE 1700
    SAN FRANCISCO,CA94105     		N/A PC OTHER GRANTS 22,000
    KIPP FOUNDATION
    135 MAIN STREET SUITE 1700
    SAN FRANCISCO,CA94105     		N/A PC OTHER GRANTS 3,000
    KIPP JACKSONVILLE INC
    1440 MCDUFF AVENUE NORTH
    JACKSONVILLE,FL32254     		N/A PC IMPLEMENTATION 1,500,000
    KIPP JACKSONVILLE INC
    1440 MCDUFF AVENUE NORTH
    JACKSONVILLE,FL32254     		N/A PC IMPLEMENTATION 1,000,000
    KIPP LA SCHOOLS
    3601 E 1ST STREET
    LOS ANGELES,CA90063     		N/A PC IMPLEMENTATION 878,750
    KIPP MEMPHIS INC
    2670 UNION AVENUE EXTENDED SUITE
    1100
    MEMPHIS,TN38112     		N/A PC IMPLEMENTATION 500,000
    KIPP NASHVILLE
    123 DOUGLAS AVE
    NASHVILLE,TN37207     		N/A PC IMPLEMENTATION 625,000
    KIPP NEW ORLEANS INC
    PO BOX 2390
    NEW ORLEANS,LA70176     		N/A PC IMPLEMENTATION 729,000
    KIPP ST LOUIS
    2647 OHIO AVENUE
    SAINT LOUIS,MO63118     		N/A PC IMPLEMENTATION 500,000
    LAWNDALE EDUCATIONAL AND REGIONAL
    3021 W CARROLL AVE 5TH FL
    CHICAGO,IL60612     		N/A PC IMPLEMENTATION 350,000
    LAWNDALE EDUCATIONAL AND REGIONAL
    3021 W CARROLL AVE 5TH FL
    CHICAGO,IL60612     		N/A PC LOAN FORGIVENESS - IMPLEMENTATION 300,000
    LEAD PUBLIC SCHOOLS INC
    531 METROPLEX DRIVE SUITE A200
    NASHVILLE,TN37211     		N/A PC START-UP 100,000
    LEADERSHIP PREPARATORY INC
    4190 ELLISTON RD
    MEMPHIS,TN38111     		N/A PC NEXT SCHOOL 250,000
    LIBERTAS SCHOOL
    3777 EDENBURG DRIVE
    MEMPHIS,TN38127     		N/A PC NEXT SCHOOL 250,000
    LIBERTAS SCHOOL
    3777 EDENBURG DRIVE
    MEMPHIS,TN38127     		N/A PC OTHER CAPACITY 10,000
    MASTERY CHARTER SCHOOLS FOUNDATION
    5700 WAYNE AVE
    PHILADELPHIA,PA19144     		N/A PC IMPLEMENTATION 1,850,000
    MASTERY CHARTER SCHOOLS FOUNDATION
    5700 WAYNE AVE
    PHILADELPHIA,PA19144     		N/A PC IMPLEMENTATION 213,592
    MATCHBOOK LEARNING SOLUTIONS
    909 BROAD ST
    NEWARK,NJ07102     		N/A PC LOAN FORGIVENESS - IMPLEMENTATION 250,000
    MATER ACADEMY INC
    6340 SUNSET DR
    MIAMI,FL33143     		N/A PC NEXT SCHOOL 200,000
    MATER ACADEMY INC
    6340 SUNSET DR
    MIAMI,FL33143     		N/A PC NEXT SCHOOL 300,000
    MEMPHIS COLLEGE PREPARATORY SCHOOL
    278 GREENLAW AVENUE
    MEMPHIS,TN38105     		N/A PC BUSINESS PLANNING 37,000
    MONTESSORI FOR ALL INC
    5100 PECAN BROOK DR
    AUSTIN,TX78724     		N/A PC BUSINESS PLANNING 50,000
    NAP FORD COMMUNITY SCHOOL INC
    325 NORTH PARRAMORE AVENUE
    ORLANDO,FL32801     		N/A PC NEXT SCHOOL 500,000
    NEW SCHOOLS FOR BATON ROUGE
    100 LAFAYETTE STREET 2ND FLOOR
    BATON ROUGE,LA70801     		N/A PC PARTNERSHIP GRANT 481,667
    NEW SCHOOLS FOR NEW ORLEANS INC
    1555 POYDRAS ST SUITE 781
    NEW ORLEANS,LA70112     		N/A PC PARTNERSHIP GRANT 233,333
    NOBLE NETWORK OF CHARTER SCHOOLS
    1 N STATE STREET FLOOR 7L
    CHICAGO,IL60602     		N/A PC IMPLEMENTATION 1,000,000
    PROFECTUS LEARNING SYSTEMS INC
    2771-29 MONUMENT ROAD 320
    JACKSONVILLE,FL32225     		N/A PC IMPLEMENTATION 500,000
    PROFECTUS LEARNING SYSTEMS INC
    2771-29 MONUMENT ROAD 320
    JACKSONVILLE,FL32225     		N/A PC IMPLEMENTATION 500,000
    PROFECTUS LEARNING SYSTEMS INC
    2771-29 MONUMENT ROAD 320
    JACKSONVILLE,FL32225     		N/A PC IMPLEMENTATION 500,000
    RENAISSANCE ELEMENTARY CHARTER SCHOOL INC
    800 CORPORATE DRIVE SUITE 124
    FORT LAUDERDALE,FL33334     		N/A PC NEXT SCHOOL 500,000
    REPUBLIC SCHOOLS INC
    3307 BRICK CHURCH PIKE
    NASHVILLE,TN37210     		N/A PC START-UP 200,000
    REPUBLIC SCHOOLS INC
    3307 BRICK CHURCH PIKE
    NASHVILLE,TN37210     		N/A PC IMPLEMENTATION 400,000
    REPUBLIC SCHOOLS INC
    3307 BRICK CHURCH PIKE
    NASHVILLE,TN37210     		N/A PC IMPLEMENTATION 200,000
    REPUBLIC SCHOOLS INC
    3307 BRICK CHURCH PIKE
    NASHVILLE,TN37210     		N/A PC OTHER CAPACITY 50,000
    REX AND MARGARET FORTUNE SCHOOL OF EDUCATION
    6829 STOCKTON BLVD 380
    SACRAMENTO,CA95823     		N/A PC NEXT SCHOOL 200,000
    RHODE ISLAND MAYORAL ACADEMY
    291 BROAD ST
    CUMBERLAND,RI02864     		N/A PC IMPLEMENTATION 500,000
    ROCKETSHIP EDUCATION
    350 TWIN DOLPHIN DRIVE SUITE 109
    REDWOOD CITY,CA94065     		N/A PC START-UP 200,000
    ROCKETSHIP EDUCATION
    350 TWIN DOLPHIN DRIVE SUITE 109
    REDWOOD CITY,CA94065     		N/A PC IMPLEMENTATION 500,000
    ROCKETSHIP EDUCATION
    350 TWIN DOLPHIN DRIVE SUITE 109
    REDWOOD CITY,CA94065     		N/A PC IMPLEMENTATION 1,000,000
    ROCKETSHIP EDUCATION
    350 TWIN DOLPHIN DRIVE SUITE 109
    REDWOOD CITY,CA94065     		N/A PC START-UP 300,000
    ROCKETSHIP EDUCATION
    350 TWIN DOLPHIN DRIVE SUITE 109
    REDWOOD CITY,CA94065     		N/A PC IMPLEMENTATION 250,000
    ROCKY MOUNTAIN PREPARATORY SCHOOL
    7808 CHERRY CREEK S DR 3-301
    DENVER,CO80231     		N/A PC IMPLEMENTATION 300,000
    ROCKY MOUNTAIN PREPARATORY SCHOOL
    7808 CHERRY CREEK S DR 3-301
    DENVER,CO80231     		N/A PC IMPLEMENTATION 375,000
    SCHOLAR ACADEMIES
    100 W OXFORD STREET SUITE E-2000
    PHILADELPHIA,PA19122     		N/A PC START-UP 250,000
    SCHOLAR ACADEMIES
    100 W OXFORD STREET SUITE E-2000
    PHILADELPHIA,PA19122     		N/A PC IMPLEMENTATION 100,000
    SCHOLAR ACADEMIES
    100 W OXFORD STREET SUITE E-2000
    PHILADELPHIA,PA19122     		N/A PC OTHER CAPACITY 10,000
    SEED FOUNDATION INC
    1776 MASSACHUSETTS AVE NORTHWEST
    STE 600
    WASHINGTON,DC20036     		N/A PC NEXT SCHOOL 125,000
    SEED FOUNDATION INC
    1776 MASSACHUSETTS AVE NORTHWEST
    STE 600
    WASHINGTON,DC20036     		N/A PC NEXT SCHOOL 125,000
    STRIVE PREPARATORY SCHOOLS
    2480 W 26TH AVENUE SUITE 360-B
    DENVER,CO80211     		N/A PC START-UP 375,000
    STRIVE PREPARATORY SCHOOLS
    2480 W 26TH AVENUE SUITE 360-B
    DENVER,CO80211     		N/A PC IMPLEMENTATION 750,000
    SUCCESS ACADEMY CHARTER SCHOOLS INC
    95 PINE STREET 6TH FLOOR
    NEW YORK,NY10005     		N/A PC IMPLEMENTATION 500,000
    SUCCESS ACADEMY CHARTER SCHOOLS INC
    95 PINE STREET 6TH FLOOR
    NEW YORK,NY10005     		N/A PC LOAN FORGIVENESS - IMPLEMENTATION 500,000
    SUMMIT PUBLIC SCHOOLS
    455 5TH AVE
    REDWOOD CITY,CA94063     		N/A PC IMPLEMENTATION 600,000
    TENNESSEE CHARTER SCHOOL INCUBATOR INC
    209 10TH AVE S STE 416
    NASHVILLE,TN37203     		N/A PC FELLOWSHIP 175,000
    TENNESSEE CHARTER SCHOOL INCUBATOR INC
    209 10TH AVE S STE 416
    NASHVILLE,TN37203     		N/A PC FELLOWSHIP 710,000
    TENNESSEE CHARTER SCHOOL INCUBATOR INC
    209 10TH AVE S STE 416
    NASHVILLE,TN37203     		N/A PC OTHER GRANTS 20,000
    UNCOMMON SCHOOLS INC
    826 BROADWAY 9TH FLOOR
    NEW YORK,NY10003     		N/A PC IMPLEMENTATION 800,000
    UNCOMMON SCHOOLS INC
    826 BROADWAY 9TH FLOOR
    NEW YORK,NY10003     		N/A PC IMPLEMENTATION 500,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    350 S FIGUEROA STREET SUITE 100
    LOS ANGELES,CA90071     		N/A PC IMPLEMENTATION 350,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    350 S FIGUEROA STREET SUITE 100
    LOS ANGELES,CA90071     		N/A PC IMPLEMENTATION 350,000
    UNIVERSITY PREPARATORY ACADEMIES INC
    1701 10TH STREET SOUTH
    ST PETERSBURG,FL33705     		N/A PC IMPLEMENTATION 450,000
    UNIVERSITY PREPARATORY ACADEMIES INC
    1701 10TH STREET SOUTH
    ST PETERSBURG,FL33705     		N/A PC IMPLEMENTATION 500,000
    UNIVERSITY PREPARATORY ACADEMIES INC
    1701 10TH STREET SOUTH
    ST PETERSBURG,FL33705     		N/A PC IMPLEMENTATION 300,000
    UNIVERSITY PREPARATORY ACADEMIES INC
    1701 10TH STREET SOUTH
    ST PETERSBURG,FL33705     		N/A PC FACILITY 250,000
    UPLIFT EDUCATION
    1825 MARKET CENTER BLVD
    DALLAS,TX75207     		N/A PC START-UP 200,000
    UPLIFT EDUCATION
    1825 MARKET CENTER BLVD
    DALLAS,TX75207     		N/A PC IMPLEMENTATION 400,000
    UPLIFT EDUCATION
    1825 MARKET CENTER BLVD
    DALLAS,TX75207     		N/A PC LOAN FORGIVENESS - IMPLEMENTATION 1,000,000
    VALOR COLLEGIATE ACADEMIES
    4527 NOLENSVILLE PIKE
    NASHVILLE,TN37211     		N/A PC START-UP 100,000
    VALOR COLLEGIATE ACADEMIES
    4527 NOLENSVILLE PIKE
    NASHVILLE,TN37211     		N/A PC IMPLEMENTATION 600,000
    VILLAGE OF EXCELLENCE INC
    8718 N 46TH STREET
    TAMPA,FL33617     		N/A PC NEXT SCHOOL 125,000
    VILLAGE OF EXCELLENCE INC
    8718 N 46TH STREET
    TAMPA,FL33617     		N/A PC NEXT SCHOOL 125,000
    VILLAGE OF EXCELLENCE INC
    8718 N 46TH STREET
    TAMPA,FL33617     		N/A PC OTHER CAPACITY 50,000
    VISION PREPARATORY CHARTER SCHOOL INC
    260 JOUBERT AVENUE
    MEMPHIS,TN38109     		N/A PC NEXT SCHOOL 100,000
    VOICES COLLEGE-BOUND LANGUAGE ACADEMIES
    4075 SACRAMENTO AVE
    SAN JOSE,CA95111     		N/A PC OTHER CAPACITY 200,000
    YES PREP PUBLIC SCHOOLS INC
    6201 BONHOMME STE 168 N
    HOUSTON,TX77036     		N/A PC IMPLEMENTATION 500,000
    YES PREP PUBLIC SCHOOLS INC
    6201 BONHOMME STE 168 N
    HOUSTON,TX77036     		N/A PC LOAN FORGIVENESS - IMPLEMENTATION 200,000
    Total .................................bullet 3a 54,196,691
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aINTEREST INCOME FROM PROGRAM RELATED INVESTMENTS     14 906,656  
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 656,589  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 16,922  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,580,167 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,580,167
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    CHARTER FUND INC
    D/B/A CHARTER SCHOOL GROWTH FUND
    Employer identification number

    05-0620063
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    CHARTER FUND INC
    D/B/A CHARTER SCHOOL GROWTH FUND         		Employer identification number
    05-0620063
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    SILICON VALLEY COMMUNITY FOUNDATION  
    2440 W EL CAMINO REAL STE 300
     
    MOUNTAIN VIEW, CA94040

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    STATE OF FLORIDA DEPARTMENT OF EDUC  
    325 WEST GAINES STREET
     
    TALLAHASSEE, FL32399

    		$ 9,480,542


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    THE LYNDE AND HARRY BRADLEY FOUNDAT  
    1241 NORTH FRANKLIN PLACE
     
    MILWAUKEE, WI53202

    		$ 2,500,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
     
     

    WALTON FAMILY FOUNDATION  
    PO BOX 2030
     
    BENTONVILLE, AK72712

    		$ 2,250,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
     
     

    COMMUNITY FOUNDATION OF GREATER MEM  
    1900 UNION AVENUE
     
    MEMPHIS, TN38104

    		$ 4,180,395


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
     
     

    THE HOLLYHOCK FOUNDATION  
    55 EAST 59TH STREET
     
    NEW YORK, NY10022

    		$ 300,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Name of organization
    CHARTER FUND INC
    D/B/A CHARTER SCHOOL GROWTH FUND         		Employer identification number
    05-0620063
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    LAURA & JOHN ARNOLD FOUNDATION
     

       
    2800 POST OAK BLVD STE 225
     
    HOUSTON, TX77056

    		$ 16,017,366


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
     
     

    ROBERTSON FOUNDATION  
    101 PARK AVENUE
     
    NEW YORK, NY10178

    		$ 1,415,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    JR HYDE III FAMILY FOUNDATION
     

       
    17 WEST PONTOTOC AVENUE STE 200
     
    MEMPHIS, TN38103

    		$ 2,860,303


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
     
     

    THE BLOOMBERG FAMILY FOUNDATION  
    25 E 78TH STREET
     
    NEW YORK, NY10075

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
     
     

    JS FRANK FOUNDATION  
    666 GARLAND PLACE
     
    DES PLAINES, IL60016

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
     
     

    KLEINHEINZ FAMILY ENDOWMENT FOR THE  
    301 COMMERCE STREET STE 1900
     
    FORT WORTH, TX76102

    		$ 1,500,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Name of organization
    CHARTER FUND INC
    D/B/A CHARTER SCHOOL GROWTH FUND         		Employer identification number
    05-0620063
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    13
    MICHAEL & SUSAN DELL FOUNDATION
     

       
    PO BOX 163867
     
    AUSTIN, TX78716

    		$ 2,570,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
     
     

    PHOEBE SNOW FOUNDATION  
    591 REDWOOD HWY STE 3215
     
    MILL VALLEY, CA94941

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    15
     
     

    THE DAVID HERRO CHARITABLE TRUST  
    21W241 BRIAR CLIFF ROAD
     
    LOMBARD, IL60148

    		$ 500,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    16
     
     

    VANGUARD CHARITABLE ENDOWMENT  
    PO BOX 55766
     
    BOSTON, MA02205

    		$ 2,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    17
     
     

    SILICON VALLEY COMMUNITY FOUNDATION  
    2440 W EL CAMINO REAL STE 300
     
    MOUNTAIN VIEW, CA94040

    		$ 5,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    CHARTER FUND INC
    D/B/A CHARTER SCHOOL GROWTH FUND         		Employer identification number

    05-0620063
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    CHARTER FUND INC
    D/B/A CHARTER SCHOOL GROWTH FUND         		Employer identification number

    05-0620063
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING/BOOKKEEPING FEES 41,646 10,412 0 31,235

    TY 2015 AllOthProgRltdInvestmentsSch
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Category Amount
    DISCOUNT NOTE TO ACHIEVEMENT FIRST (START-UP) 200,000
    DISCOUNT NOTE TO ACHIEVEMENT FIRST (START-UP) 200,000
    DISCOUNT NOTE TO ACHIEVEMENT FIRST (START-UP) 200,000
    DISCOUNT NOTE TO ACHIEVEMENT FIRST (START-UP) 200,000
    DISCOUNT NOTE TO VALOR COLLEGIATE ACADEMIES (START-UP) 100,000
    DISCOUNT NOTE TO UNCOMMON SCHOOLS (START-UP) 50,000
    DISCOUNT NOTE TO UPLIFT EDUCATION (START-UP) 200,000
    DISCOUNT NOTE TO SUCCESS ACADEMY CHARTER SCHOOLS INC. (START-UP) 2,050,000
    DISCOUNT NOTE TO STRIVE PREPARATORY SCHOOLS (START-UP) 375,000
    DISCOUNT NOTE TO ROCKETSHIP EDUCATION (START-UP) 200,000
    DISCOUNT NOTE TO ROCKETSHIP EDUCATION (START-UP) 300,000
    DISCOUNT NOTE TO ROCKETSHIP EDUCATION (FACILITY LOAN) 2,700,000
    DISCOUNT NOTE TO LEAD PUBLIC SCHOOLS, INC. (START-UP) 100,000
    DISCOUNT NOTE TO INSPIRENOLA CHARTER SCHOOLS (START-UP) 125,000
    DISCOUNT NOTE TO KIPP AUSTIN PUBLIC SCHOOLS, INC. 500,000
    DISCOUNT NOTE TO GESTALT COMMUNITY SCHOOLS 1,650,000
    DISCOUNT NOTE TO KIPP ENC PUBLIC SCHOOLS 500,000
    DISCOUNT NOTE TO EAGLE COLLEGE PREP ENDEAVOR, INC. (START-UP) 100,000
    DISCOUNT NOTE TO ASPIRE PUBLIC SCHOOLS (START-UP) 100,000
    DISCOUNT NOTE TO ASCEND LEARNING, INC. (START-UP) 400,000
    DISCOUNT NOTE TO VALOR COLLEGIATE ACADEMIES (WORKING CAPITAL) 600,000
    DISCOUNT NOTE TO TINDLEY ACCELERATED SCHOOLS, INC. (WORKING CAPITAL) 250,000
    DISCOUNT NOTE TO MASTERY CHARTER SCHOOLS FOUNDATION 1,000,000
    DISCOUNT NOTED TO ROOTS ELEMENTARY SCHOOL (FACILITY LOAN) 150,000
    DISCOUNT NOTE TO BROOKLYN LABORATORY CHARTER SCHOOL, INC.(WORKING CAPITAL) 200,000
    DISCOUNT NOTE TO SCHOLAR ACADEMIES 140,000
    DISCOUNT NOTE TO SCHOLAR ACADEMIES 825,000
    DISCOUNT NOTE TO LIBERTAS SCHOOL 350,000
    DISCOUNT NOTE TO GREEN DOT PUBLIC SCHOOLS TENNESSEE 1,000,000
    DISCOUNT NOTE TO GREEN DOT PUBLIC SCHOOLS TENNESSEE 585,000
    DISCOUNT NOTE TO CAPSTONE EDUCATION GROUP, INC. 175,000
    DISCOUNT NOTE TO VISIBLE MEN ACADEMY 100,000
    DISCOUNT NOTE TO YES PREP PUBLIC SCHOOLS, INC. 1,000,000
    DISCOUNT NOTE TO LAWNDALE EDUCATIONAL AND REGIIONAL 400,000
    DISCOUNT NOTE TO FRIENDS OF TEAM ACADEMY CHARTER SCHOOL, INC. 250,000
    DISCOUNT NOTE TO ACHIEVEMENT FIRST, INC. 300,000

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 ExpenditureResponsibilityStmt
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    DREAMBOX LEARNING INC
          		600 108TH AVE NE SUITE 805
    BELLEVUE,WA98004     		2010-04-15 15,000,000 PROGRAM RELATED INVESTMENT - CHARTER FUND, INC. ACQUIRED SUBSTANTIALLY ALL THE ASSETS (EXCLUDING ANY ASSETS SUBJECT TO LIABILITIES) OF DREAMBOX LEARNING, INC. DREAMBOX LEARNING INC. IS AN EARLY-STAGE, FOR-PROFIT SOFTWARE COMPANY THAT PROVIDES ADAPTIVE LEARNING SOFTWARE FOR ELEMENTARY SCHOOL-AGE CHILDREN.   NONE MONTHLY BASIS, LAST REPORT RECEIVED 12/31/15 2015-12-31 FINANCIAL REPORTS ARE RECEIVED ON A MONTHLY BASIS. THE PRESIDENT/CEO OF CHARTER FUND, INC. SITS ON THE BOARD OF DIRECTORS OF DREAMBOX LEARNING, INC.

    TY 2015 GeneralExplanationAttachment
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Identifier Return Reference Explanation
    TRANSFERS TO CONTROLLED ENTITIES FORM 990-PF, PART VII-A, LINE 11: NAME OF CONTROLLED ENTITYDBL HOLDINGS, INC.EIN: 27-233726310901 WEST 120TH AVENUE, STE. 450BROOMFIELD, CO 80021AMOUNT OF TRANSFER: $0NO TRANSFERS TO THIS ENTITY DURING CALENDAR ENDED DECEMBER 31, 2015CSGF FLORIDA, LLCEIN: 05-062006310901 WEST 120TH AVENUE, STE. 450BROOMFIELD, CO 80021AMOUNT OF TRANSFER: $0NO TRANSFERS TO THIS ENTITY DURING CALENDAR ENDED DECEMBER 31, 2015CSGF REVOLVING FACILITIES LOAN FUND, LLCEIN: 26-166637810901 WEST 120TH AVENUE, STE. 450BROOMFIELD, CO 80021AMOUNT OF TRANSFER: $0NO TRANSFERS TO THIS ENTITY DURING CALENDAR ENDED DECEMBER 31, 2015CSGF TENNESSEE, LLCEIN: 05-062006310901 WEST 120TH AVENUE, STE. 450BROOMFIELD, CO 80021AMOUNT OF TRANSFER: $0NO TRANSFERS TO THIS ENTITY DURING CALENDAR ENDED DECEMBER 31, 2015DREAMBOX LEARNING, INC.EIN: 27-2358787600 108TH AVE. NE, SUITE 805BELLEVUE, WA 98004AMOUNT OF TRANSFER: $0PROGRAM RELATED INVESTMENTCSGF MEMPHIS, LLCEIN: 05-062006310901 WEST 120TH AVENUE, STE. 450BROOMFIELD, CO 80021AMOUNT OF TRANSFER: $0NO TRANSFERS TO THIS ENTITY DURING CALENDAR ENDED DECEMBER 31, 2015CSGF CAMDEN FACILITY FUND, LLCEIN: 05-062006310901 WEST 120TH AVENUE, STE. 450BROOMFIELD, CO 80021AMOUNT OF TRANSFER: $0NO TRANSFERS TO THIS ENTITY DURING CALENDAR ENDED DECEMBER 31, 2015

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BAIRD SHORT-TERM BOND FUND CLASS INSTITUTIONAL - CSGF RFLF 581,331 581,331
    BAIRD SHORT-TERM BOND FUND CLASS INSTITUTIONAL - FUND 40,968,561 40,968,561

    TY 2015 InvestmentsOtherSchedule2
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WFB INSTITUTIONAL BANK DEPOSIT FMV 1,840 1,840

    TY 2015 LegalFeesSchedule
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL & PROFESSIONAL FEES 46,297 0 0 40,203


    TY 2015 LoansFromOfficersSchedule
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063

    Item No. 1
    Lender's Name WALTON FAMILY FOUNDATION
    Lender's Title  
    Original Amount of Loan 10000000
    Balance Due 10000000
    Date of Note 2007-12
    Maturity Date 2018-02
    Repayment Terms 3% INTEREST PER ANNUM
    Interest Rate 3.000000000000
    Security Provided by Borrower  
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 2
    Lender's Name BILL MELINDA GATES FOUNDATION
    Lender's Title  
    Original Amount of Loan 4300000
    Balance Due 3308000
    Date of Note 2012-02
    Maturity Date 2018-02
    Repayment Terms 3% INTEREST PER ANNUM
    Interest Rate 3.000000000000
    Security Provided by Borrower  
    Purpose of Loan ASSIST CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  


    TY 2015 MortgagesAndNotesPayableSch
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name WALTON FAMILY FOUNDATION
    Lender's Title  
    Relationship to Insider DISQUALIFIED PERSON
    Original Amount of Loan 10,000,000
    Balance Due 10,000,000
    Date of Note 2007-12
    Maturity Date 2018-02
    Repayment Terms 3% INTEREST PER ANNUM
    Interest Rate 3.000000000000
    Security Provided by Borrower  
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 2
    Lender's Name BILL & MELINDA GATES FOUNDATION
    Lender's Title  
    Relationship to Insider DISQUALIFIED PERSON
    Original Amount of Loan 4,300,000
    Balance Due 3,308,000
    Date of Note 2012-02
    Maturity Date 2018-02
    Repayment Terms 3% INTEREST PER ANNUM
    Interest Rate 3.000000000000
    Security Provided by Borrower  
    Purpose of Loan ASSIST CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 3
    Lender's Name THE ELI & EDYTHE BROAD FOUNDATION
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 2,500,000
    Balance Due 350,000
    Date of Note 2013-07
    Maturity Date 2016-07
    Repayment Terms 3% INTEREST PER ANNUM
    Interest Rate 3.000000000000
    Security Provided by Borrower  
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 4
    Lender's Name LANSDALE AVENUE LLC
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 2,000,000
    Balance Due 2,000,000
    Date of Note 2015-12
    Maturity Date 2022-12
    Repayment Terms 0% INTEREST PER ANNUM
    Interest Rate 0.000000000000
    Security Provided by Borrower  
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 5
    Lender's Name TORTORA SILLCOX FAMILY FOUNDATION
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 1,300,000
    Balance Due 1,300,000
    Date of Note 2015-12
    Maturity Date 2022-12
    Repayment Terms 0% INTEREST PER ANNUM
    Interest Rate 0.000000000000
    Security Provided by Borrower  
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  


    TY 2015 OtherAssetsSchedule
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INVESTMENT IN DREAMBOX LEARNING, INC. - PROGRAM RELATED INVESTMENT 15,000,000 15,000,000 15,000,000
    INVESTMENT IN DREAMBOX LEARNING, INC. - MISSION RELATED INVESTMENT 10,138,500 10,138,500 10,138,500
    CHARTER SCHOOL LOANS - PROGRAM RELATED INVESTMENTS 56,800,946 68,122,068 68,122,068


    TY 2015 OtherDecreasesSchedule
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Description Amount
    UNREALIZED LOSS 302,821


    TY 2015 OtherExpensesSchedule
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TELEPHONE, INTERNET, HARDWARE, SOFTWARE 243,169 0 0 228,212
    OFFICE EXPENSE 93,925 0 0 94,416
    BANK CHARGES 12,985 11,167 0 0
    INSURANCE 26,064 0 0 25,429
    DUES & SUBSCRIPTIONS 8,023 0 0 8,462
    LICENSES AND FEES 10,389 0 0 10,389
    OTHER PROGRAM EXPENSES 235,603 0 0 235,603


    TY 2015 OtherIncomeSchedule2
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INTEREST INCOME FROM PROGRAM RELATED INVESTMENTS 906,656 906,656 906,656


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING & PROFESSIONAL FEES 768,322 0 0 773,318


    TY 2015 SubstantialContributorsSch
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Name Address
    LAURA & JOHN ARNOLD FOUNDATION
          		2800 POST OAK BLVD SUITE 225
    HOUSTON,TX77056
    STATE OF FLORIDA DEPARTMENT OF EDUCATION
          		325 WEST GAINES STREET
    TALLAHASSEE,FL32399
    JR HYDE III FAMILY FOUNDATION
          		17 WEST PONTOTOC AVENUE STE 200
    MEMPHIS,TN38103


    TY 2015 TaxesSchedule
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 213,174 0 0 225,573
    FEDERAL EXCISE TAX 10,198 0 0 10,198