Charles Edison Fund

The Charles Edison Fund is a 501(c)(3) nonprofit organization dedicated to supporting various philanthropic endeavors, particularly in historic preservation, education, medical research, and hospital support. It was incorporated in 1948 in Delaware and is headquartered in New Jersey.

Background

The fund was established in honor of Charles Edison, the son of Thomas Edison, the renowned inventor. Charles Edison was a distinguished figure in American public life, having served as the Secretary of the Navy and later as the Governor of New Jersey. The fund perpetuates his philanthropic legacy by supporting initiatives that align with his values.

Purpose and Activities

The Charles Edison Fund focuses primarily on historic preservation, with a special emphasis on the homes of Thomas Alva Edison. It also supports educational projects, including donations to museums for exhibits and the distribution of science education kits in schools. The fund has been instrumental in preserving historical artifacts such as antique phonograph records by re-recording them for educational use.

Financial Overview

As of its latest filings, the Charles Edison Fund derives its revenue primarily from investments and the sale of assets, with significant portions allocated to charitable disbursements. The organization maintains substantial assets, which are managed to support its philanthropic goals.

Governance and Personnel

The fund is managed by its trustees and key personnel, including a president and chief executive officer. It operates independently, guided by its founding principles and mission.

Impact

Through its grants and charitable activities, the Charles Edison Fund plays a notable role in preserving historical sites and promoting educational initiatives, thereby honoring the legacy of both Charles and Thomas Edison. Its contributions to medical research and hospital support further extend its philanthropic impact.