Form990-PF

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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
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. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$353,103,575J 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) 110,034,323
2 Check bullet.............
3 Interest on savings and temporary cash investments 8,384 8,384 8,384
4 Dividends and interest from securities... 1,853,525 1,853,525 1,853,525
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 100,356,613
b Gross sales price for all assets on line 6a 119,248,278
7 Capital gain net income (from Part IV, line 2)... 71,770,114
8 Net short-term capital gain......... 0
9 Income modifications........... 27,782,534
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 4,008,016 1,493,898 4,008,016
12 Total. Add lines 1 through 11........ 216,260,861 75,125,921 33,652,459
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,013,403 183,975 183,975 829,428
14 Other employee salaries and wages...... 4,105,081 616,898 616,898 3,488,183
15 Pension plans, employee benefits....... 895,671 150,148 150,148 745,523
16a Legal fees (attach schedule)......... Click to see attachment 26,055 16,694 16,694 9,361
b Accounting fees (attach schedule)....... Click to see attachment 39,041 7,808 7,808 31,233
c Other professional fees (attach schedule).... Click to see attachment 249,868 7,865 7,865 242,003
17 Interest............... 1,997,300 48,527 1,997,300 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,484,052 0 0 1,484,052
19 Depreciation (attach schedule) and depletion... 7,564 7,564 7,564
20 Occupancy.............. 207,922 0 0 207,922
21 Travel, conferences, and meetings....... 685,955 0 0 685,955
22 Printing and publications.......... 35,845 0 0 35,845
23 Other expenses (attach schedule)....... Click to see attachment 4,598,839 483,632 46,444 2,180,515
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 15,346,596 1,523,111 3,034,696 9,940,020
25 Contributions, gifts, grants paid....... 46,862,953 40,702,358
26 Total expenses and disbursements. Add lines 24 and 25 62,209,549 1,523,111 3,034,696 50,642,378
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 154,051,312
b Net investment income (if negative, enter -0-) 73,602,810
c Adjusted net income (if negative, enter -0-)... 30,617,763
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 32,282,929 64,657,990 64,657,990
2 Savings and temporary cash investments.........   75,228,599 75,228,599
3 Accounts receivable bullet4,264
Less: allowance for doubtful accounts bullet   5,009 4,264 4,264
4 Pledges receivable bullet5,684,365
Less: allowance for doubtful accounts bullet   3,031,275 5,684,365 5,684,365
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.......... 198,973 173,136 173,136
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 74,855,422 Click to see attachment81,461,127 81,461,127
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment29,171,903 29,171,903
14 Land, buildings, and equipment: basis bullet91,573
Less: accumulated depreciation (attach schedule) bullet70,772 28,364 Click to see attachment20,801 20,801
15 Other assets (describe bullet) Click to see attachment106,774,122 Click to see attachment96,701,390 Click to see attachment96,701,390
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 217,176,094 353,103,575 353,103,575
Liabilities 17 Accounts payable and accrued expenses.......... 1,256,188 651,743
18 Grants payable.................   310,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 31,761,905 Click to see attachment39,248,024
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment68,437
23 Total liabilities (add lines 17 through 22)......... 33,018,093 40,278,204
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 135,238,141 235,698,584
25 Temporarily restricted............... 48,919,860 77,126,787
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here 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)..... 184,158,001 312,825,371
31 Total liabilities and net assets/fund balances (see instructions). 217,176,094 353,103,575
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
184,158,001
2
Enter amount from Part I, line 27a .....................
2
154,051,312
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
338,209,313
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
25,383,942
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
312,825,371
Form 990-PF (2018)
Form 990-PF (2018)
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   2017-01-01 2018-12-31
b DREAMBOX LEARNING, INC. P 2010-04-05 2018-09-04
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 17,381,983   17,645,021 -263,038
b 101,866,295   29,833,143 72,033,152
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       -263,038
b       72,033,152
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 71,770,114
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 0
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))
2017 80,483,924 94,219,865 0.854214
2016 90,434,336 97,487,321 0.927652
2015 84,117,313 85,725,532 0.981240
2014 71,745,539 87,863,810 0.816554
2013 60,694,239 80,912,310 0.750124
2
Total of line 1, column (d) .....................
2
4.329784
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.865957
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
176,867,784
5
Multiply line 4 by line 3......................
5
153,159,896
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
736,028
7
Add lines 5 and 6........................
7
153,895,924
8
Enter qualifying distributions from Part XII, line 4,.............
8
79,017,378
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 1,472,056
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 1,472,056
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 1,472,056
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 1,481,871
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,496,871
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 70
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 24,745
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet24,745 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 2018 or the taxable year beginning in 2018? See the 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. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    3b
     
    No
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    RICH BILLINGS PARTNER/ASSISTANT SECRETARY
    40.00     		239,500 14,729 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    KEVIN HALL PRESIDENT/CEO
    48.00     		518,603 25,810 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    JULIE MAIER PARTNER/VICE PRESIDENT
    40.00     		255,300 25,810 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    CARRIE WALTON-PENNER DIRECTOR-CHAIR
    1.00     		0 0 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    STACY SCHUSTERMAN DIRECTOR-SECRETARY
    1.00     		0 0 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    ALLAN GOLSTON DIRECTOR-TREASURER
    1.00     		0 0 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    JOHN FISHER DIRECTOR
    1.00     		0 0 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    JAMES RAHN DIRECTOR
    1.00     		0 0 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    MASON HAWKINS DIRECTOR
    1.00     		0 0 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    FIDEL VARGAS DIRECTOR
    1.00     		0 0 0
    10901 WEST 120TH AVE STE 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     		280,500 25,810 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    KATHY HAMEL PARTNER
    40.00     		269,500 25,810 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    ERIC CHAN PARTNER
    40.00     		238,000 14,729 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    ALEJANDRO HERNANDEZ PARTNER
    40.00     		217,002 21,144 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    LYDIA HOFFMAN PARTNER
    40.00     		196,767 21,983 0
    10901 WEST 120TH AVE STE 450
    BROOMFIELD,CO80021
    Total number of other employees paid over $50,000...................bullet 24
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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
    ERIC THOMAS CONSULTING/MARKET SUPPORT 114,000
    632 N ARMOUR STREET
    CHICAGO,IL60642
    LEVEL FIELD CHARTER PARTNERS LLC CONSULTING 110,000
    3752 JOCELYN ST NW
    WASHINGTON,DC20015
    BLOOMWELL GROUP MARKET SUPPORT 68,700
    3042 LINCOLN BOULEVARD
    CLEVELAND,OH44118
    MANATT PHELPS & PHILLIPS LLP LEGAL SERVICES 61,392
    11355 W OLYMPIC BLVD
    LOS ANGELES,CA900641614
    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 AND GROW NETWORKS OF SCHOOLS. THE FUNDS ONLY SUPPORT ORGANIZATIONS WHICH CAN 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 $ 46,862,953 OF GRANTS TO OR FOR THE BENEFIT OR CHARTER SCHOOL MANAGEMENT ORGANIZATIONS AND INCURRED ADDITIONAL CHARITABLE EXPENSES OF $ 12,974,716 DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2018. IN ADDITION, THE FUND ISSUED $28,375,000 OF LOANS TO CHARTER SCHOOL MANAGEMENT ORGANIZATIONS DURING THE CALENDAR YEAR ENDING DECEMBER 31, 2018. SEE PART IX-B AND XV FOR A DETAILED LISTING OF LOANS AND GRANTS DURING THE CURRENT YEAR. 88,212,669
    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 PRI LOAN TO VALOR COLLEGIATE ACADEMIES TO SUPPORT CHARTER SCHOOL GROWTH 3,000,000
    2 PRI LOAN TO BROOKLYN LABORATORY CHARTER SCHOOLS TO PROMOTE CHARTER SCHOOL GROWTH 2,500,000
    All other program-related investments. See instructions.
    3 Click to see attachment 22,875,000
    Total. Add lines 1 through 3.........................bullet28,375,000
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    66,974,800
    b
    Average of monthly cash balances.......................
    1b
    62,757,178
    c
    Fair market value of all other assets (see instructions)................
    1c
    49,829,224
    d
    Total (add lines 1a, b, and c).........................
    1d
    179,561,202
    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
    179,561,202
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,693,418
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    176,867,784
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,843,389
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (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
    50,642,378
    b
    Program-related investments—total from Part IX-B..................
    1b
    28,375,000
    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
    79,017,378
    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
    79,017,378
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$  
    a Applied to 2017, 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 2018 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018.    
    (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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		 
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
    8,843,389 0 0 0 8,843,389
    b 85% of line 2a ......... 7,516,881 0 0 0 7,516,881
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		79,017,378 80,517,436 90,450,081 84,117,313 334,102,208
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		79,017,378 80,517,436 90,450,081 84,117,313 334,102,208
    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...     		5,895,593 3,140,662 3,249,577 2,857,518 15,143,350
    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 foundation 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
    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 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 FUNDS ONLY SUPPORT ORGANIZATIONS WHICH CAN 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.
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    ACADEMIE LAFAYETTE
    6903 OAK STREET
    KANSAS CITY,MO64113     		N/A PC CHARTER SCHOOL GROWTH 250,000
    ACHIEVEMENT FIRST INC
    370 JAMES ST SUITE 404
    NEW HAVEN,CT06513     		N/A PC CHARTER SCHOOL GROWTH 420,000
    ACHIEVEMENT FIRST INC
    370 JAMES ST SUITE 404
    NEW HAVEN,CT06513     		N/A PC CHARTER SCHOOL GROWTH 50,000
    ACHIEVEMENT FIRST INC
    370 JAMES ST SUITE 404
    NEW HAVEN,CT06513     		N/A PC CHARTER SCHOOL GROWTH 150,000
    ACHIEVEMENT FIRST INC
    370 JAMES ST SUITE 404
    NEW HAVEN,CT06513     		N/A PC CHARTER SCHOOL GROWTH 415,000
    ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
    601 SOUTH FIGUEROA STREET 4TH FLOOR
    LOS ANGELES,CA90017     		N/A PC CHARTER SCHOOL GROWTH 30,000
    ARIZONA AGRIBUSINESS AND EQUINE CENTER
    3636 N CENTRAL AVE SUITE 1050
    PHOENIX,AZ85012     		N/A PC CHARTER SCHOOL GROWTH 500,000
    ASCEND LEARNING INC
    205 ROCKAWAY PARKWAY 6TH FLOOR
    BROOKLYN,NY11212     		N/A PC CHARTER SCHOOL GROWTH 366,576
    ASPIRE PUBLIC SCHOOLS
    1001 22ND AVENUE
    OAKLAND,CA94606     		N/A PC CHARTER SCHOOL GROWTH 68,500
    BARD COLLEGE
    CAMPUS ROAD PO BOX 5000
    ANNANDALEONHUDSON,NY12504     		N/A PC CHARTER SCHOOL GROWTH 75,000
    BELLWETHER EDUCATION PARTNERS INC
    517 BOSTON POST ROAD 171
    SUDBURY,MA01776     		N/A PC CHARTER SCHOOL GROWTH 80,000
    BELLWETHER EDUCATION PARTNERS INC
    517 BOSTON POST ROAD 171
    SUDBURY,MA01776     		N/A PC CHARTER SCHOOL GROWTH 80,000
    BELLWETHER EDUCATION PARTNERS INC
    517 BOSTON POST ROAD 171
    SUDBURY,MA01776     		N/A PC CHARTER SCHOOL GROWTH 80,000
    BETA FOUNDATION
    9701 ALMEDA GENOA RD
    HOUSTON,TX77075     		N/A PC CHARTER SCHOOL GROWTH 375,000
    BOOKER T WASHINGTON ACADEMY
    804 STATE STREET
    NEW HAVEN,CT06511     		N/A PC CHARTER SCHOOL GROWTH 100,000
    BRIGHT STAR SCHOOLS
    2636 MANSFIELD AVENUE
    LOS ANGELES,CA90016     		N/A PC CHARTER SCHOOL GROWTH 200,000
    BRONX CHARTER SCHOOL FOR THE ARTS
    950 LONGFELLOW AVENUE
    BRONX,NY10474     		N/A PC CHARTER SCHOOL GROWTH 100,000
    BRONX CHARTER SCHOOL FOR THE ARTS
    950 LONGFELLOW AVENUE
    BRONX,NY10474     		N/A PC CHARTER SCHOOL GROWTH 6,000
    BROOKE SCHOOL FOUNDATION
    190 CUMMINS HIGHWAY
    ROSLINDALE,MA02131     		N/A PC CHARTER SCHOOL GROWTH 13,500
    BTCS INC
    125 E SAN MARINO DRIVE
    MIAMI BEACH,FL33129     		N/A PC CHARTER SCHOOL GROWTH 700,000
    CAPITAL PREPARATORY SCHOOLS INCORPORATED
    40 MIDDLEFIELD STREET
    MIDDLETOWN,CT06457     		N/A PC CHARTER SCHOOL GROWTH 225,000
    CAPSTONE EDUCATION GROUP INC
    320 CAPENTER ST
    MEMPHIS,TN38112     		N/A PC CHARTER SCHOOL GROWTH 500,000
    CARMEN SCHOOL OF SCIENCE AND TECHNOLOGY INC
    1712 S 32ND ST
    MILWAUKEE,WI53215     		N/A PC CHARTER SCHOOL GROWTH 125,000
    CITIZENS OF THE WORLD CHARTER SCHOOLS - LOS ANGELES
    5371 WILSHIRE BLVD SUITE 210
    LOS ANGELES,CA90036     		N/A PC CHARTER SCHOOL GROWTH 50,000
    CITY GARDEN MONTESSORI SCHOOL
    1618 TOWER GROVE AVE
    ST LOUIS,MO63110     		N/A PC CHARTER SCHOOL GROWTH 33,500
    COLLEGIATE ACADEMIES
    5552 READ BOULEVARD
    NEW ORLEANS,LA70127     		N/A PC CHARTER SCHOOL GROWTH 325,000
    COLLEGIATE ACADEMIES
    5552 READ BOULEVARD
    NEW ORLEANS,LA70127     		N/A PC CHARTER SCHOOL GROWTH 475,000
    DC BILINGUAL PUBLIC CHARTER SCHOOL
    33 RIGGS RD NE
    WASHINGTON,DC20016     		N/A PC CHARTER SCHOOL GROWTH 100,000
    DREAM CHARTER SCHOOL
    1991 SECOND AVENUE
    NEW YORK,NY10029     		N/A PC CHARTER SCHOOL GROWTH 40,000
    DSST PUBLIC SCHOOLS FOUNDATION
    3401 QUEBEC STREET SUITE 7200
    DENVER,CO80207     		N/A PC CHARTER SCHOOL GROWTH 990
    DSST PUBLIC SCHOOLS FOUNDATION
    3401 QUEBEC STREET SUITE 7200
    DENVER,CO80207     		N/A PC CHARTER SCHOOL GROWTH 50,000
    DSST PUBLIC SCHOOLS FOUNDATION
    3401 QUEBEC STREET SUITE 7200
    DENVER,CO80207     		N/A PC CHARTER SCHOOL GROWTH 30,000
    EDNOVATE INC
    350 S FIGUEROA ST SUITE 100
    LOS ANGELES,CA90071     		N/A PC CHARTER SCHOOL GROWTH 100,000
    ELSIE WHITLOW STOKES COMMUNITY FREEDOM PUBLIC CHARTER SCHOOL
    3220 16TH ST NW
    WASHINGTON,DC20010     		N/A PC CHARTER SCHOOL GROWTH 100,000
    EQUITAS ACADEMY CHARTER SCHOOL INC
    1700 W PICO BLVD
    LOS ANGELES,CA90015     		N/A PC CHARTER SCHOOL GROWTH 250,000
    EQUITAS ACADEMY CHARTER SCHOOL INC
    1700 W PICO BLVD
    LOS ANGELES,CA90015     		N/A PC CHARTER SCHOOL GROWTH 250,000
    EXCELLENCE COMMUNITY SCHOOLS INC
    2090 7TH AVE SUITE 605
    NEW YORK,NY10027     		N/A PC CHARTER SCHOOL GROWTH 325,000
    EXCELLENCE COMMUNITY SCHOOLS INC
    2090 7TH AVE SUITE 605
    NEW YORK,NY10027     		N/A PC CHARTER SCHOOL GROWTH 100,000
    EXCELLENCE COMMUNITY SCHOOLS INC
    2090 7TH AVE SUITE 605
    NEW YORK,NY10027     		N/A PC CHARTER SCHOOL GROWTH 450,000
    FAMILY LIFE ACADEMY CHARTER SCHOOL
    14 W 170TH ST
    BRONX,NY10452     		N/A PC CHARTER SCHOOL GROWTH 200,000
    FIRSTLINE SCHOOLS INC
    300 N BROAD ST SUITE 207
    NEW ORLEANS,LA70119     		N/A PC CHARTER SCHOOL GROWTH 918,000
    FIRSTLINE SCHOOLS INC
    300 N BROAD ST SUITE 207
    NEW ORLEANS,LA70119     		N/A PC CHARTER SCHOOL GROWTH 325,000
    FREEDOM PREPARATORY ACADEMY INC
    964 FIELDS ROAD
    MEMPHIS,TN38109     		N/A PC CHARTER SCHOOL GROWTH 55,000
    FREEDOM PREPARATORY ACADEMY INC
    964 FIELDS ROAD
    MEMPHIS,TN38109     		N/A PC CHARTER SCHOOL GROWTH 27,000
    FREEDOM PREPARATORY ACADEMY INC
    964 FIELDS ROAD
    MEMPHIS,TN38109     		N/A PC CHARTER SCHOOL GROWTH 1,100,000
    FRENCH & MONTESSORI EDUCATION INC
    428 BROADWAY
    NEW ORLEANS,LA70118     		N/A PC CHARTER SCHOOL GROWTH 150,000
    FRIENDS OF BREAKTHROUGH SCHOOLS
    3615 SUPERIOR AVENUE SUITE 3103 A
    CLEVELAND,OH44114     		N/A PC CHARTER SCHOOL GROWTH 200,000
    FRIENDS OF BROOKLYN LABORATORY CHARTER SCHOOLS
    230 ASHLAND PLACE 19C
    BROOKLYN,NY11217     		N/A PC CHARTER SCHOOL GROWTH 325,000
    FRIENDS OF BROOKLYN LABORATORY CHARTER SCHOOLS
    230 ASHLAND PLACE 19C
    BROOKLYN,NY11217     		N/A PC CHARTER SCHOOL GROWTH 400,000
    FRIENDSHIP ACADEMY OF THE ARTS
    2600 38TH ST
    MINNEAPOLIS,MN55406     		N/A PC CHARTER SCHOOL GROWTH 150,000
    GABRIELLA CHARTER SCHOOLS
    1435 LOGAN ST
    LOS ANGELES,CA90026     		N/A PC CHARTER SCHOOL GROWTH 500,000
    GEM INNOVATION SCHOOLS FOUNDATION LLC
    1451 JESSIE CLARK LANE
    POCATELLO,ID83202     		N/A PC CHARTER SCHOOL GROWTH 400,000
    GEM INNOVATION SCHOOLS FOUNDATION LLC
    1451 JESSIE CLARK LANE
    POCATELLO,ID83202     		N/A PC CHARTER SCHOOL GROWTH 400,000
    GREEN DOT PUBLIC SCHOOLS TENNESSEE
    350 S FIGUEROA ST SUITE 213
    LOS ANGELES,CA90071     		N/A PC CHARTER SCHOOL GROWTH 500,000
    GRIMMWAY SCHOOLS
    5080 CALIFORNIA AVENUE SUITE 100
    BAKERSFIELD,CA93309     		N/A PC CHARTER SCHOOL GROWTH 200,000
    HERRON HIGH SCHOOL INC
    110 E 16TH ST
    INDIANAPOLIS,IN46202     		N/A PC CHARTER SCHOOL GROWTH 300,000
    HOUSTON GATEWAY ACADEMY INC
    7310 BOWIE ST
    HOUSTON,TX77012     		N/A PC CHARTER SCHOOL GROWTH 150,000
    HUGHEN CENTER INC
    2849 9TH AVENUE
    PORT ARTHUR,TX77642     		N/A PC CHARTER SCHOOL GROWTH 325,000
    HUGHEN CENTER INC
    2849 9TH AVENUE
    PORT ARTHUR,TX77642     		N/A PC CHARTER SCHOOL GROWTH 500,000
    HYNES CHARTER SCHOOL CORPORATION
    990 HARRISON AVENUE
    NEW ORLEANS,LA70124     		N/A PC CHARTER SCHOOL GROWTH 250,000
    IDEA PUBLIC SCHOOLS
    2115 W PIKE BLVD
    WESLACO,TX78596     		N/A PC CHARTER SCHOOL GROWTH 1,000,000
    IDEA PUBLIC SCHOOLS
    2115 W PIKE BLVD
    WESLACO,TX78596     		N/A PC CHARTER SCHOOL GROWTH 100,000
    IDEA PUBLIC SCHOOLS
    2115 W PIKE BLVD
    WESLACO,TX78596     		N/A PC CHARTER SCHOOL GROWTH 4,900,000
    IMPACT PUBLIC SCHOOLS
    5108 NE 42ND ST
    SEATTLE,WA98105     		N/A PC CHARTER SCHOOL GROWTH 300,000
    INSPIRENOLA CHARTER SCHOOLS
    3520 GENERAL DEGAULLE DRIVE SUITE
    4040
    NEW ORLEANS,LA70114     		N/A PC CHARTER SCHOOL GROWTH 100,000
    INSPIRENOLA CHARTER SCHOOLS
    3520 GENERAL DEGAULLE DRIVE SUITE
    4040
    NEW ORLEANS,LA70114     		N/A PC CHARTER SCHOOL GROWTH 1,500,000
    INTREPID COLLEGE PREPARATORY INCORPORATED
    5221 HICKORY HOLLOW PKWY
    ANTIOCH,TN37013     		N/A PC CHARTER SCHOOL GROWTH 200,000
    KIPP BAY AREA SCHOOLS
    1404 FRANKLIN ST
    OAKLAND,CA94612     		N/A PC CHARTER SCHOOL GROWTH 720,000
    KIPP COLORADO SCHOOLS
    375 S TEJON ST
    DENVER,CO80223     		N/A PC CHARTER SCHOOL GROWTH 250,000
    KIPP ENC PUBLIC SCHOOLS
    320 PLEASANT HILL ROAD
    GASTON,NC27832     		N/A PC CHARTER SCHOOL GROWTH 250,000
    KIPP FOUNDATION
    135 MAIN STREET SUITE 1700
    SAN FRANCISCO,CA94105     		N/A PC CHARTER SCHOOL GROWTH 600,000
    KIPP INC
    10711 KIPP WAY
    HOUSTON,TX77099     		N/A PC CHARTER SCHOOL GROWTH 750,000
    KIPP LA SCHOOLS
    4800 E CESAR CHAVEZ AVE
    LOS ANGELES,CA90022     		N/A PC CHARTER SCHOOL GROWTH 352,125
    KIPP MEMPHIS INC
    2670 UNION AVENUE EXTENDED SUITE
    1100
    MEMPHIS,TN38112     		N/A PC CHARTER SCHOOL GROWTH 12,000
    KIPP MEMPHIS INC
    2670 UNION AVENUE EXTENDED SUITE
    1100
    MEMPHIS,TN38112     		N/A PC CHARTER SCHOOL GROWTH 27,000
    KIPP MEMPHIS INC
    2670 UNION AVENUE EXTENDED SUITE
    1100
    MEMPHIS,TN38112     		N/A PC CHARTER SCHOOL GROWTH 350,000
    KIPP METRO ATLANTA COLLABORATIVE INC
    350 TEMPLE STREET NW
    ATLANTA,GA30314     		N/A PC CHARTER SCHOOL GROWTH 275,000
    KIPP METRO ATLANTA COLLABORATIVE INC
    350 TEMPLE STREET NW
    ATLANTA,GA30314     		N/A PC CHARTER SCHOOL GROWTH 375,000
    KIPP NASHVILLE
    123 DOUGLAS AVENUE
    NASHVILLE,TN37207     		N/A PC CHARTER SCHOOL GROWTH 25,000
    KIPP NASHVILLE
    123 DOUGLAS AVENUE
    NASHVILLE,TN37207     		N/A PC CHARTER SCHOOL GROWTH 525,000
    KIPP NEW JERSEY
    60 PARK PLACE
    NEWARK,NJ07102     		N/A PC CHARTER SCHOOL GROWTH 169,263
    KIPP NEW YORK INC
    250 E 156 STREET 4TH FLOOR
    BRONX,NY10451     		N/A SO II CHARTER SCHOOL GROWTH 150,000
    KIPP NEW YORK INC
    250 E 156 STREET 4TH FLOOR
    BRONX,NY10451     		N/A SO II CHARTER SCHOOL GROWTH 150,000
    LAWNDALE EDUCATIONAL AND REGIONAL NETWORK CHARTER SCHOOL
    212 S FRANCISCO
    CHICAGO,IL60612     		N/A PC CHARTER SCHOOL GROWTH 650,000
    LEAD PUBLIC SCHOOLS INC
    531 METROPLEX DR SUITE A-200
    NASHVILLE,TN37211     		N/A PC CHARTER SCHOOL GROWTH 300,000
    LIBERTAS SCHOOL
    3777 EDENBURG DR
    MEMPHIS,TN38127     		N/A PC CHARTER SCHOOL GROWTH 100,000
    LIGHTHOUSE ACADEMIES OF TULSA INC
    105 E 63RD ST N
    TULSA,OK74126     		N/A PC CHARTER SCHOOL GROWTH 75,000
    MASTERY CHARTER SCHOOLS FOUNDATION
    5700 WAYNE AVENUE
    PHILADELPHIA,PA19144     		N/A PC CHARTER SCHOOL GROWTH 40,000
    MASTERY CHARTER SCHOOLS FOUNDATION
    5700 WAYNE AVENUE
    PHILADELPHIA,PA19144     		N/A PC CHARTER SCHOOL GROWTH 253,895
    MATHEMATICS SCIENCE & TECHNOLOGY COMMUNITY CHARTER SCHOOL
    1800 BYBERRY ROAD
    PHILADELPHIA,PA19116     		N/A PC CHARTER SCHOOL GROWTH 150,000
    MATHEMATICS SCIENCE & TECHNOLOGY COMMUNITY CHARTER SCHOOL
    1800 BYBERRY ROAD
    PHILADELPHIA,PA19116     		N/A PC CHARTER SCHOOL GROWTH 350,000
    MEMPHIS BUSINESS ACADEMY
    2450 FRAYSER BLVD
    MEMPHIS,TN38127     		N/A PC CHARTER SCHOOL GROWTH 250,000
    MEMPHIS BUSINESS ACADEMY
    2450 FRAYSER BLVD
    MEMPHIS,TN38127     		N/A PC CHARTER SCHOOL GROWTH 200,000
    MEMPHIS EDUCATION FUND INC
    1350 CONCOURSE AVE SUITE 434
    MEMPHIS,TN38104     		N/A PC CHARTER SCHOOL GROWTH 150,000
    MISSION ACHIEVEMENT AND SUCCESS EDUCATION FOUNDATION INC
    1718 YALE BLVD SE
    ALBUQURQUE,NM87106     		N/A PC CHARTER SCHOOL GROWTH 600,000
    NATIONAL ALLIANCE FOR PUBLIC CHARTER SCHOOLS
    1101 15TH ST NW SUITE 1010
    WASHINGTON,DC20005     		N/A PC CHARTER SCHOOL GROWTH 100,000
    NATIONAL CHARTER COLLABORATIVE
    605 SW 108TH ST
    SEATTLE,WA98146     		N/A PC CHARTER SCHOOL GROWTH 10,000
    NATIONAL CHARTER COLLABORATIVE
    605 SW 108TH ST
    SEATTLE,WA98146     		N/A PC CHARTER SCHOOL GROWTH 10,000
    NAVIGATOR SCHOOLS
    277 IOOF AVE
    GILROY,CA95020     		N/A PC CHARTER SCHOOL GROWTH 300,000
    NAVIGATOR SCHOOLS
    277 IOOF AVE
    GILROY,CA95020     		N/A PC CHARTER SCHOOL GROWTH 300,000
    NEW VISION INC
    297 PLUS PARK BOULEVARD
    NASHVILLE,TN37217     		N/A PC CHARTER SCHOOL GROWTH 4,500
    NOBLE NETWORK OF CHARTER SCHOOLS
    1 N STATE STREET FLOOR 7L
    CHICAGO,IL60602     		N/A PC CHARTER SCHOOL GROWTH 100,000
    NOBLE NETWORK OF CHARTER SCHOOLS
    1 N STATE STREET FLOOR 7L
    CHICAGO,IL60602     		N/A PC CHARTER SCHOOL GROWTH 60,000
    OXFORD DAY ACADEMY
    1001 BEECH STREET
    EAST PALO ALTO,CA94303     		N/A PC CHARTER SCHOOL GROWTH 100,000
    PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED
    350 MASSACHUSETTES AVE SUITE 300
    INDIANAPOLIS,IN46204     		N/A PC CHARTER SCHOOL GROWTH 250,000
    PURDUE POLYTECHNIC HIGH SCHOOL OF INDIANAPOLIS
    525 SOUTH MERIDIAN STREET SUITE 1A5
    INDIANAPOLIS,IN46225     		N/A PC CHARTER SCHOOL GROWTH 500,000
    REGENERATION SCHOOLS
    110 E 61ST STREET
    CHICAGO,IL60637     		N/A PC CHARTER SCHOOL GROWTH 200,000
    REPUBLIC CHARTER SCHOOLS
    3307 BRICK CHURCH PIKE
    NASHVILLE,TN37207     		N/A PC CHARTER SCHOOL GROWTH 125,000
    REPUBLIC CHARTER SCHOOLS
    3307 BRICK CHURCH PIKE
    NASHVILLE,TN37207     		N/A PC CHARTER SCHOOL GROWTH 300,000
    RESPONSIVE EDUCATION SOLUTIONS
    1301 WATERS RIDGE DR
    LEWISVILLE,TX75057     		N/A PC CHARTER SCHOOL GROWTH 150,000
    REX AND MARGARET FORTUNE SCHOOL OF EDUCATION
    2890 GATEWAY OAKS DR 100
    SACRAMENTO,CA95833     		N/A PC CHARTER SCHOOL GROWTH 225,000
    ROCKETSHIP EDUCATION DC INC
    350 TWIN DOLPHIN DRIVE SUITE 109
    REDWOOD CITY,CA94065     		N/A PC CHARTER SCHOOL GROWTH 500,000
    ROCKY MOUNTAIN PREPARATORY SCHOOL
    7808 CHERRY CREEK S DR 3-301
    DENVER,CO80231     		N/A PC CHARTER SCHOOL GROWTH 45,000
    ROCKY MOUNTAIN PREPARATORY SCHOOL
    7808 CHERRY CREEK S DR 3-301
    DENVER,CO80231     		N/A PC CHARTER SCHOOL GROWTH 325,000
    ROOTS ELEMENTARY SCHOOL
    3350 NORTH HUDSON ST
    DENVER,CO80205     		N/A PC CHARTER SCHOOL GROWTH 500
    SCUOLA VITA NUOVA
    535 GARFIELD AVENUE
    KANSAS CITY,MO64124     		N/A PC CHARTER SCHOOL GROWTH 200,000
    STEM PREPARATORY SCHOOLS INC
    3200 W ADAMS BLVD
    LOS ANGELES,CA90018     		N/A PC CHARTER SCHOOL GROWTH 200,000
    STEM PREPARATORY SCHOOLS INC
    3200 W ADAMS BLVD
    LOS ANGELES,CA90018     		N/A PC CHARTER SCHOOL GROWTH 100,000
    STRIVE PREPARATORY SCHOOLS
    2960 N SPEER BLVD BUILDING 1913
    DENVER,CO80211     		N/A PC CHARTER SCHOOL GROWTH 300,000
    SUCCESS ACADEMY CHARTER SCHOOLS
    95 PINE STREET 6TH FLOOR
    NEW YORK,NY10005     		N/A PC CHARTER SCHOOL GROWTH 500,000
    THE ACADEMY CHARTER SCHOOL
    117 N FRANKLIN STREET
    HEMPSTEAD,NY11550     		N/A PC CHARTER SCHOOL GROWTH 30,000
    THE ACADEMY CHARTER SCHOOL
    117 N FRANKLIN STREET
    HEMPSTEAD,NY11550     		N/A PC CHARTER SCHOOL GROWTH 250,000
    THE ACADEMY CHARTER SCHOOL
    117 N FRANKLIN STREET
    HEMPSTEAD,NY11550     		N/A PC CHARTER SCHOOL GROWTH 325,000
    THE ACADEMY CHARTER SCHOOL
    117 N FRANKLIN STREET
    HEMPSTEAD,NY11550     		N/A PC CHARTER SCHOOL GROWTH 250,000
    THRIVE PUBLIC SCHOOLS
    2711 BAINBRIDGE ROAD
    SAN DIEGO,CA92106     		N/A PC CHARTER SCHOOL GROWTH 40,000
    TULSA HONOR ACADEMY
    209 S LAKEWOOD AVE
    TULSA,OK74112     		N/A PC CHARTER SCHOOL GROWTH 200,000
    UNCOMMON SCHOOLS INC
    826 BROADWAY 9TH FLOOR
    NEW YORK,NY10003     		N/A PC CHARTER SCHOOL GROWTH 112,842
    UNCOMMON SCHOOLS INC
    826 BROADWAY 9TH FLOOR
    NEW YORK,NY10003     		N/A PC CHARTER SCHOOL GROWTH 200,000
    UNCOMMON SCHOOLS INC
    826 BROADWAY 9TH FLOOR
    NEW YORK,NY10003     		N/A PC CHARTER SCHOOL GROWTH 166,667
    UNIVERSITY PREPARATORY SCHOOLS
    2409 ARAPAHOE ST
    DENVER,CO80205     		N/A PC CHARTER SCHOOL GROWTH 32,500
    UPLIFT EDUCATION
    606 ROYAL LANE
    IRVING,TX75039     		N/A PC CHARTER SCHOOL GROWTH 4,000
    UPLIFT EDUCATION
    606 ROYAL LANE
    IRVING,TX75039     		N/A PC CHARTER SCHOOL GROWTH 75,000
    UPLIFT EDUCATION
    606 ROYAL LANE
    IRVING,TX75039     		N/A PC CHARTER SCHOOL GROWTH 900,000
    VISTA COLLEGE PREPARATORY INC
    812 S 6TH AVE
    PHOENIX,AZ85003     		N/A PC CHARTER SCHOOL GROWTH 40,000
    VISTA COLLEGE PREPARATORY INC
    812 S 6TH AVE
    PHOENIX,AZ85003     		N/A PC CHARTER SCHOOL GROWTH 350,000
    VOICES COLLEGE-BOUND LANGUAGE ACADEMIES
    4075 SACRAMENTO AVE
    SAN JOSE,CA95111     		N/A PC CHARTER SCHOOL GROWTH 550,000
    WASHINGTON LEADERSHIP ACADEMY
    3015 4TH STREET NE
    WASHINGTON,DC20017     		N/A PC CHARTER SCHOOL GROWTH 100,000
    WILDER FOUNDATION
    830 N LA BREA AVE
    INGLEWOOD,CA90302     		N/A PC CHARTER SCHOOL GROWTH 8,000
    YES PREP PUBLIC SCHOOLS INC
    6201 BONHOMME ROAD SUITE 168N
    HOUSTON,TX77036     		N/A PC CHARTER SCHOOL GROWTH 500,000
    ZETA CHARTER SCHOOLS INC
    652 W 187TH ST
    NEW YORK,NY10033     		N/A PC CHARTER SCHOOL GROWTH 500,000
    Total .................................bullet 3a 40,702,358
    bApproved for future payment
    HARVARD UNIVERSITY
    MASSACHUSSETTS HALL
    CAMBRIDGE,MA02138     		N/A PC CHARTER SCHOOL GROWTH 50,000
    NATIONAL ALLIANCE FOR PUBLIC CHARTER SCHOOLS
    1101 15TH ST NW SUITE 1010
    WASHINGTON,DC20005     		N/A PC CHARTER SCHOOL GROWTH 10,000
    NYOS CHARTER SCHOOL INC
    12301 N LAMAR BLVD
    AUSTIN,TX78730     		N/A PC CHARTER SCHOOL GROWTH 250,000
    Total .................................bullet 3b 310,000
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    aNET IMPUTED INTEREST ON PRI LOANS         2,514,118
    bINTEREST INCOME FROM PROGRAM RELATED INVESTMENTS         1,493,898
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 8,384  
    4 Dividends and interest from securities....     14 1,853,525  
    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 ............     		    18 100,356,613  
    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).. 0 102,218,522 4,008,016
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    106,226,538
    (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.)
    1A IMPUTED INTEREST INCOME ON BELOW-MARKET INTEREST RATE PROGRAM RELATED INVESTMENT LOANS TO NON-PROFIT PUBLIC CHARTER SCHOOL ORGANIZATIONS TO ASSIST THEM IN EXPANDING THEIR CHARTER SCHOOL PROGRAMS.
    1C STATED INTEREST INCOME ON BELOW-MARKET INTEREST RATE PROGRAM RELATED INVESTMENT LOANS TO NON-PROFIT PUBLIC CHARTER SCHOOL ORGANIZATIONS TO ASSIST THEM IN EXPANDING THEIR CHARTER SCHOOL PROGRAMS.
    Form 990-PF (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    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 Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    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 isn't covered by the General Rule and/or the Special Rules doesn't 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 doesn't 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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) 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
    ARTHUR ROCK & TONI REMBE ROCK
     
    ONE MARITIME PLAZA SUITE 1220
     
    SAN FRANCISCO, CA94111

    		$ 2,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    CARNEGIE CORPORATION OF NEW YORK
     
    437 MADISON AVENUE 31ST FLOOR
     
    NEW YORK, NY10022

    		$ 2,107,700


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    CHARLES & LYNN SCHUSTERMAN FAMILY FOUNDATION
     
    110 WEST 7TH STREET SUITE 2000
     
    TULSA, OK74119

    		$ 1,199,003


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    COMMUNITY FOUNDATION OF GREATER MEMPHIS
     
    1900 UNION AVE
     
    MEMPHIS, TN38104

    		$ 3,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    DANIELS FUND
     
    101 MONROE STREET
     
    DENVER, CO80206

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    DORIS & DONALD FISHER FUND
     
    ONE MARITIME PLAZA SUITE 1550
     
    SAN FRANCISCO, CA94111

    		$ 6,000,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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
    GATES PHILANTHROPY PARTNERS
     
    1199 NORTH FAIRFAX STREET SUITE 300
     
    ALEXANDRIA, VA22314

    		$ 250,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    GOLDMAN SACHS PHILANTHROPY FUND
     
    PO BOX 15203
     
    ALBANY, NY12212

    		$ 3,500,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    JA AND KATHRYN ALBERTSON FAMILY FOUNDATION
     
    501 BAYBROOK CT
     
    BOISE, ID83706

    		$ 300,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    JR HYDE III FAMILY FOUNDATION
     
    17 WEST PONTOTOC AVENUE STE 200
     
    MEMPHIS, TN38103

    		$ 749,329


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    KLEINHEINZ FAMILY ENDOWMENT FOR THE ARTS AND EDUCATION
     
    301 COMMERCE ST SUITE 1900
     
    FORT WORTH, TX76102

    		$ 300,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
    LAURA AND JOHN ARNOLD FOUNDATION
     
    1717 WEST LOOP SOUTH SUITE 1800
     
    HOUSTON, TX77027

    		$ 5,610,680


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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

    		$ 1,600,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
    NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS
     
    105 W ADAMS ST 1900
     
    CHICAGO, IL60603

    		$ 90,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    15
    OVERDECK FAMILY FOUNDATION
     
    100 AVE OF THE AMERICAS 16TH FL
     
    NEW YORK, NY10013

    		$ 500,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    16
    SCHWAB CHARITABLE FUND
     
    211 MAIN STREET FLOOR 10
     
    SAN FRANCISCO, CA94105

    		$ 300,000


    (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 WEST EL CAMINO REAL SUITE 300
     
    MOUNTAIN VIEW, CA94040

    		$ 41,625,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    18
    SRB CHARITABLE CORPORATION
     
    201 MAIN STREET SUITE 2700
     
    FORT WORTH, TX76102

    		$ 5,000,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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
    19
    THE ANSCHUTZ FOUNDATION
     
    555 SEVENTEENTH STREET SUITE 2400
     
    DENVER, CO80202

    		$ 500,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    20
    THE BILL AND MELINDA GATES FOUNDATION
     
    PO BOX 23350
     
    SEATTLE, WA98102

    		$ 5,431,834


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    21
    THE ELI AND EDYTHE BROAD FOUNDATION
     
    2121 AVENUE OF THE STARS STE 3000
     
    LOS ANGELES, CA90067

    		$ 600,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    22
    THE HOLLYHOCK FOUNDATION
     
    55 EAST 59TH STREET 15TH FLOOR
     
    NEW YORK, NY10022

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    23
    THE KARSH FAMILY FOUNDATION
     
    1201 TOWER GROVE DR
     
    BEVERLY HILLS, CA90210

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    24
    THE KERN FAMILY FOUNDATION
     
    W305 S4239 BROOKHILL ROAD
     
    WAUKESHA, WI53189

    		$ 3,000,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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
    25
    THE KLE FOUNDATION
     
    PO BOX 163991
     
    AUSTIN, TX78716

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    26
    THE KOVNER FOUNDATION
     
    1001 NORTH US HIGHWAY 1 SUITE 400
     
    JUPITER, FL33477

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    27
    THE LOUIS CALDER FOUNDATION
     
    999 18TH ST SUITE 2350S
     
    DENVER, CO80202

    		$ 900,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    28
    THE MARCUS FOUNDATION INC
     
    1266 W PACES FERRY RD NO 615
     
    ATLANTA, GA30327

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    29
    THE WALTON FAMILY FOUNDATION
     
    PO BOX 2030
     
    BENTONVILLE, AR72716

    		$ 16,475,045


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    30
    VANGUARD CHARITABLE ENDOWMENT PROGRAM
     
    PO BOX 3075
     
    SOUTHEASTERN, PA19398

    		$ 2,800,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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
    31
    WILLIAM E SIMON FOUNDATION
     
    140 EAST 45TH STREET SUITE 14D
     
    NEW YORK, NY10017

    		$ 175,000


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

    		$  


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

    		$  


    (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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 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 FEES 39,041 7,808 7,808 31,233

    TY 2018 AllOthProgRltdInvestmentsSch
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Category Amount
    PRI LOAN TO FRIENDS OF COLLEGIATE ACADEMIES, INC. TO SUPPORT CHARTER SCHOOL GROWTH 2,500,000
    PRI LOAN TO KIPP NEW JERSEY TO SUPPORT CHARTER SCHOOL GROWTH 2,500,000
    PRI LOAN TO IDEA PUBLIC SCHOOLS TO SUPPORT CHARTER SCHOOL GROWTH 2,200,000
    PRI LOAN TO EDNOVATE, INC. TO SUPPORT CHARTER SCHOOL GROWTH 2,000,000
    PRI LOAN TO EDNOVATE, INC. TO SUPPORT CHARTER SCHOOL GROWTH 2,000,000
    PRI LOAN TO RMP BERKELEY FACILITY, LLC TO SUPPORT CHARTER SCHOOL GROWTH 1,600,000
    PRI LOAN TO FIRSTLINE SCHOOLS, INC. TO SUPPORT CHARTER SCHOOL GROWTH 918,000
    PRI LOAN TO KIPP NEW YORK, INC. TO SUPPORT CHARTER SCHOOL GROWTH 900,000
    PRI LOAN TO KIPP NEW YORK, INC. TO SUPPORT CHARTER SCHOOL GROWTH 800,000
    PRI LOAN TO UNCOMMON SCHOOLS, INC. TO SUPPORT CHARTER SCHOOL GROWTH 800,000
    PRI LOAN TO EDNOVATE, INC. TO SUPPORT CHARTER SCHOOL GROWTH 700,000
    PRI LOAN TO ACHIEVEMENT FIRST BROOKLYN CHARTER SCHOOLS TO SUPPORT CHARTER SCHOOL GROWTH 682,000
    PRI LOAN TO ZETA CHARTER SCHOOLS, INC. TO SUPPORT CHARTER SCHOOL GROWTH 600,000
    PRI LOAN TO KIPP METRO ATLANTA COLLABORATIVE, INC. TO SUPPORT CHARTER SCHOOL GROWTH 500,000
    PRI LOAN TO THE ACADEMY CHARTER SCHOOL TO SUPPORT CHARTER SCHOOL GROWTH 500,000
    PRI LOAN TO ZETA CHARTER SCHOOLS, INC. TO SUPPORT CHARTER SCHOOL GROWTH 500,000
    PRI LOAN TO ZETA CHARTER SCHOOLS, INC. TO SUPPORT CHARTER SCHOOL GROWTH 500,000
    PRI LOAN TO ASCEND LEARNING, INC. TO SUPPORT CHARTER SCHOOL GROWTH 400,000
    PRI LOAN TO RHODE ISLAND MAYORAL ACADEMY BLACKSTONE VALLEY PREP TO SUPPORT CHARTER SCHOOL GROWTH 350,000
    PRI LOAN TO BRIGHT STAR SCHOOLS TO SUPPORT CHARTER SCHOOL GROWTH 350,000
    PRI LOAN TO ACHIEVEMENT FIRST BROOKLYN CHARTER SCHOOLS TO SUPPORT CHARTER SCHOOL GROWTH 300,000
    PRI LOAN TO FRIENDS OF BREAKTHROUGH SCHOOLS TO SUPPORT CHARTER SCHOOL GROWTH 300,000
    PRI LOAN TO URBAN ASSEMBLY CHARTER SCHOOL FOR COMPUTER SCIENCE TO SUPPORT CHARTER SCHOOL GROWTH 300,000
    PRI LOAN TO KIPP NEW JERSEY TO SUPPORT CHARTER SCHOOL GROWTH 250,000
    PRI LOAN TO KIPP METRO ATLANTA COLLABORATIVE, INC. TO SUPPORT CHARTER SCHOOL GROWTH 225,000
    PRI LOAN TO INSPIRENOLA CHARTER SCHOOLS TO SUPPORT CHARTER SCHOOL GROWTH 100,000
    PRI LOAN TO UNCOMMON SCHOOLS, INC. TO SUPPORT CHARTER SCHOOL GROWTH 100,000

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

    TY 2018 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. 15,000,000 NONE 01/28/18, 02/28/18, 07/27/18, 09/04/18   FINANCIAL REPORTS ARE RECEIVED ON A QUARTERLY BASIS. THE PRESIDENT/CEO OF CHARTER FUND, INC. SITS ON THE BOARD OF DIRECTORS OF DREAMBOX LEARNING, INC.

    TY 2018 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 81,461,127 81,461,127

    TY 2018 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
    DREAMBOX HOLDINGS LLC - MISSION RELATED INVESTMENT AT COST 20,361,699 20,361,699
    OWL VENTURES III, LP AT COST 8,810,204 8,810,204

    TY 2018 LandEtcSchedule2
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT AND SOFTWARE 49,972 49,972 0  
    FF&E 41,601 20,800 20,801 20,801


    TY 2018 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 FEES 26,055 16,694 16,694 9,361


    TY 2018 MortgagesAndNotesPayableSch
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name LANDSDALE 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 NONE
    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 TORTORA SILCOX 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 NONE
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 3
    Lender's Name THE LUBERT FAMILY FOUNDATION INC
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 50,000
    Balance Due 42,680
    Date of Note 2016-12
    Maturity Date 2022-12
    Repayment Terms 0% INTEREST PER ANNUM
    Interest Rate 0.000000000000
    Security Provided by Borrower NONE
    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 THE MICHAELS ORGANIZATION
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 250,000
    Balance Due 224,868
    Date of Note 2016-12
    Maturity Date 2022-12
    Repayment Terms 0% INTEREST PER ANNUM
    Interest Rate 0.000000000000
    Security Provided by Borrower NONE
    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 THE COOPER FOUNDATION
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 250,000
    Balance Due 213,398
    Date of Note 2016-12
    Maturity Date 2022-12
    Repayment Terms 0% INTEREST PER ANNUM
    Interest Rate 0.000000000000
    Security Provided by Borrower NONE
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 6
    Lender's Name GKA HOLDINGS
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 1,000,000
    Balance Due 853,593
    Date of Note 2016-12
    Maturity Date 2022-12
    Repayment Terms 0% INTEREST PER ANNUM
    Interest Rate 0.000000000000
    Security Provided by Borrower NONE
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 7
    Lender's Name WALTON - CAMDEN FACILITY FUND
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 5,000,000
    Balance Due 4,374,001
    Date of Note 2017-11
    Maturity Date 2022-12
    Repayment Terms 0% INTEREST PER ANNUM
    Interest Rate 0.000000000000
    Security Provided by Borrower NONE
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 8
    Lender's Name LAURA & JOHN ARNOLD FOUNDATION
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 4,100,000
    Balance Due 3,500,186
    Date of Note 2018-07
    Maturity Date 2022-12
    Repayment Terms 0% INTEREST PER ANNUM
    Interest Rate 0.000000000000
    Security Provided by Borrower NONE
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 9
    Lender's Name CHARLES & LYNN SCHUSTERMAN FAMILY FOUNDATION
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 2,500,000
    Balance Due 299,651
    Date of Note 2016-10
    Maturity Date 2022-12
    Repayment Terms 0% INTEREST PER ANNUM
    Interest Rate 0.000000000000
    Security Provided by Borrower NONE
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 10
    Lender's Name CHARLES & LYNN SCHUSTERMAN FAMILY FOUNDATION
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 10,000,000
    Balance Due 6,412,179
    Date of Note 2016-10
    Maturity Date 2025-12
    Repayment Terms 0% INTEREST PER ANNUM
    Interest Rate 0.000000000000
    Security Provided by Borrower NONE
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 11
    Lender's Name THE WALTON FAMILY FOUNDATION - CSGF REVOLVING FACILITIES FUND
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 10,000,000
    Balance Due 2,799,651
    Date of Note 2016-10
    Maturity Date 2022-12
    Repayment Terms 0% INTEREST PER ANNUM
    Interest Rate 0.000000000000
    Security Provided by Borrower NONE
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 12
    Lender's Name THE WALTON FAMILY FOUNDATION - CSGF FACILITY FUND II
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 10,000,000
    Balance Due 6,412,179
    Date of Note 2016-10
    Maturity Date 2025-12
    Repayment Terms 0% INTEREST PER ANNUM
    Interest Rate 0.000000000000
    Security Provided by Borrower NONE
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 13
    Lender's Name THE WALTON FAMILY FOUNDATION - MEMPHIS FACILITY FUND
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 5,000,000
    Balance Due 4,381,940
    Date of Note 2017-12
    Maturity Date 2026-12
    Repayment Terms 0% INTEREST PER ANNUM
    Interest Rate 0.000000000000
    Security Provided by Borrower NONE
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 14
    Lender's Name BILL AND MELINDA GATES FOUNDATION
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 10,000,000
    Balance Due 6,433,698
    Date of Note 2016-10
    Maturity Date 2025-12
    Repayment Terms 1% INTEREST PER ANNUM
    Interest Rate 1.000000000000
    Security Provided by Borrower NONE
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  

    Item No. 15
    Lender's Name TOM RUSSELL CHARITABLE FOUNDATION INC
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 100,000
    Balance Due 0
    Date of Note 2016-08
    Maturity Date 2018-09
    Repayment Terms 2.5% PER ANNUM
    Interest Rate 2.500000000000
    Security Provided by Borrower NONE
    Purpose of Loan FINANCE CONSTRUCTION & IMPROVEMENT OF HIGH QUALITY CHARTER SCHOOL FACILITIES
    Description of Lender Consideration NONE
    Consideration FMV  


    TY 2018 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 0 0
    INVESTMENT IN DREAMBOX LEARNING, INC. - MISSION RELATED INVESTMENT 10,138,500 0 0
    CHARTER SCHOOL LOANS - PROGRAM RELATED INVESTMENTS 81,635,622 91,706,562 91,706,562
    SECURITY DEPOSITS 0 8,783 8,783
    ESCROW DEPOSIT RECEIVABLE 0 4,986,045 4,986,045


    TY 2018 OtherDecreasesSchedule
    Name:
    CHARTER FUND INC
     
    D/B/A CHARTER SCHOOL GROWTH FUND
    EIN:
    05-0620063
    Description Amount
    CHANGE IN UNREALIZED LOSS 25,383,942


    TY 2018 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
    POSTAGE 3,134 0 0 3,134
    DUES & SUBSCRIPTIONS 2,432 0 0 2,432
    INSURANCE 42,798 0 0 42,798
    TELEPHONE & INTERNET 153,260 0 0 153,260
    SUPPLIES 29,906 0 0 29,908
    PUBLIC RELATIONS 41,999 0 0 41,999
    EVENTS 489,727 0 0 489,727
    CONTRACT LABOR 59,024 0 0 59,024
    EQUIPMENT EXPENSE 184,392 0 0 184,392
    EMPLOYEE EXPENSE 77,538 0 0 77,538
    BAD DEBT 2,343,462 0 0 0
    MARKET SUPPORT 1,118,195 0 0 737,695
    EXPENSES FROM PARTNERSHIP ACTIVITY 0 437,188 0 0
    ACCRUAL TO CASH ADJUSTMENT 0 0 0 358,608
    PENALTIES 6,528 0 0 0
    LOAN INTEREST FORGIVENESS 46,444 46,444 46,444 0


    TY 2018 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
    NET IMPUTED INTEREST ON PRI LOANS 2,514,118 0 2,514,118
    INTEREST INCOME FROM PROGRAM RELATED INVESTMENTS 1,493,898 1,493,898 1,493,898


    TY 2018 OtherLiabilitiesSchedule
    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
    CREDIT CARDS PAYABLE 0 68,437


    TY 2018 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
    OTHER PROFESSIONAL SERVICES 242,003 0 0 242,003
    INVESTMENT MANAGEMENT FEES 7,865 7,865 7,865 0


    TY 2018 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
    FEDERAL EXCISE TAXES 1,477,400 0 0 1,477,400
    OTHER TAXES 6,652 0 0 6,652