The ability of charcoal, a low-cost material derived from biomass pyrolysis, to be functionalized via cation exchange in an aqueous solution, providing new interesting fillers with possible antimicrobial and flame-retardant properties, is discussed here. The adducts obtained through this sustainable procedure, show a significant uptake of close to 30% by weight of well-known quaternary phosphonium salts, tetraphenyl phosphonium bromide, and dodecyl triphenyl phosphonium bromide. The new functionalized materials were characterized by elemental analysis, wide-angle X-ray diffraction, infrared spectroscopy, and thermogravimetry. Additionally, a study of changing the ratio between the reagents for both adducts was performed to improve salt uptake and optimize the cationic exchange. Dispersibility tests showed the ability of functionalization to deeply change the polarities of the carbon materials to modify the compatibility and improve the possible interactions with different media, such as different polymer matrices.