Commencement Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 2 grants totaling $90K. Net investment income was $64K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
-0.2% YoY
Annual Giving
$90K
+0.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$45K
+0.0% YoY
Under IRS private-foundation payout rules, Commencement Inc reported a distributable amount of $97K for 2024 — the minimum it must pay out in qualifying distributions.
About Commencement Inc
Based on IRS filings
Commencement Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 2 grants totaling $90K. Net investment income was $64K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,105,071 | $2,108,555 | $2,129,509 |
| Revenue | $105,053 | $85,286 | $64,414 |
| Expenses | $108,522 | $106,475 | $108,157 |
| Qualifying Distributions | $97,631 | $97,393 | $102,832 |
| Net Investment Income | $64,318 | $44,835 | $35,891 |
| Distributable Amount | $97,087 | $92,682 | $97,822 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mentoring Mentors Inc ($45,000), Urban Alliance Foundation Inc ($45,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MENTORING MENTORS INC BALTIMORE, MD | EDUCATION | $45,000 |
| URBAN ALLIANCE FOUNDATION INC WASHINGTON, DC | EDUCATION | $45,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NICHOLAS FUNK | PRESIDENT | 1 | — |
| DEBBIE WILLIAMS | VICE PRESIDENT | 1 | — |
| JODY LATIMER | SECRETARY | 1 | — |
| ERICA MYERS | TREASURER | 1 | — |
| MONIQUE RIZER | ASSISTANT TREASURER | 1 | — |
| ASHLEY PRICE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Commencement Inc?
Commencement Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. It holds $2.1M in total assets as of 2024.
How large is Commencement Inc?
As of 2024, Commencement Inc holds $2.1M in total assets with $105K in annual revenue. It awarded 2 grants totaling $90K in 2024.
Where does Commencement Inc operate?
Commencement Inc has awarded grants in District of Columbia, Maryland.
What size grants does Commencement Inc award?
In 2024, Commencement Inc awarded 2 grants totaling $90K — an average of about $45K per grant, based on its IRS Form 990 filings.
How much is Commencement Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Commencement Inc reported a distributable amount of $97K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Commencement Inc's EIN?
Commencement Inc's EIN (Employer Identification Number) is 85-4098965. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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