Common Wealth Trust
Common Wealth Trust is a private foundation based in Pittsburgh, Pennsylvania. Its 2025 filing lists grants to recipients in Ohio and Pennsylvania, including a historical organization, municipalities, City Club of Cleveland, and individual recipients receiving lifetime achievement awards.
Common Wealth Trust at a glance
In short: Common Wealth Trust gave $302K across 5 grants in 2025 (avg $60K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $302,156
- -6.3% vs 2024
- Grants made (2025)
- 5
- -16.7% vs 2024
- Average grant
- $60,431
- +12.4% vs 2024
- Median grant
- $72,039
- Total assets
- $5,572,734
- -0.8% vs 2024
- Primary geography
- Ohio (52% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Common Wealth Trust
- Review Cycle
- The filing directs applicants to footnotes for deadline information; no specific deadline is provided.
- Deadline
- The filing directs applicants to footnotes for deadline information; no specific deadline is provided.
- Contact
Application contact: Pnc Bank Charitable Trust Grant Rev
Mailing address: Tower At Pnc Plaza 300 Fifth Ave M, Pittsburgh, PA 15222
Phone: (412) 258-3051
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Common Wealth Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Western Reserve Historical ($150K). Together the top 3 received $158K.
Organizations only. It also paid 2 grants to individuals ($144,078), which are not listed by name.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 12 grants of 26 (46%).
Geographic Focus
Where this funder awards grants
In 2025, 52% of grant dollars went to recipients in Ohio and 48% to recipients in Pennsylvania.
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Common Wealth Trust gives
- Giving fell 25% from 2022 to 2025. Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $302K (2025) to $417K (2023). In 2025 it made 5 grants totaling $302K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Western Reserve Historical Cleveland, OH | General Support | $150,078 |
| 2 grants to individuals Recipients not named | — | $144,078 |
| Village of Crestline Crestline, OH | Allocation per Trust | $7,000 |
| City Club of Cleveland Cleveland, OH | General Support | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,572,734 | $335,480 | $376,772 | $302,156 | 5 | $327,259 | $294,014 | $324,436 |
| 2024 | $5,615,438 | $368,667 | $387,670 | $322,542 | 6 | $346,423 | $323,211 | $302,171 |
| 2023 | $5,634,926 | $100,460 | $487,787 | $416,546 | 5 | $428,134 | $121,026 | $294,541 |
| 2022 | $6,038,531 | $466,738 | $485,121 | $400,787 | 3 | $414,006 | $400,505 | $349,243 |
| 2021 | $6,060,106 | $513,865 | $419,486 | $336,392 | 7 | — | $447,306 | $334,646 |
| 2020 | $5,973,598 | $-75,956 | $487,383 | $412,956 | 5 | — | $116,875 | $322,391 |
Under IRS private-foundation payout rules, Common Wealth Trust reported a distributable amount of $324K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Among its 2025 grantees, City Club of Cleveland describes its mission as creating “conversations of consequence that help democracy thrive,” in pursuit of strong, informed individuals and communities that value freedom of speech and civil, civic dialogue.
Grantmaking
In 2025, the trust reported five grants totaling $302,156. Awards ranged from $1,000 to $150,078, with a median of $72,039. The largest grant was $150,078 to Western Reserve Historical for general support. Other listed grants included two $72,039 lifetime achievement awards to individual recipients, $7,000 to the Village of Crestline as an allocation per trust, and $1,000 to City Club of Cleveland for general support.
The foundation states that it does not restrict giving to preselected organizations. Its 2024 filing lists PNC Bank Charitable Trust Grant Rev as the contact and directs applicants to footnotes for application materials, deadlines, and award restrictions; those details are not provided here.
Leadership & Key People
Leadership team and compensation from IRS filings
PNC Bank N A is listed as trustee on the 2025 filing.
Common Wealth Trust's only listed officer is PNC Bank N A, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
PNC Bank N A
Trustee
On filings since 2020
1 hr/week
$61K (2020) → $63K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $63K, to PNC Bank N a (Trustee).
Frequently asked questions about Common Wealth Trust
How much does Common Wealth Trust give each year?
Common Wealth Trust gave $302K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $323K across 6 grants.
What is Common Wealth Trust's typical grant size?
Common Wealth Trust's median grant in 2025 was $72,039, and its average grant was $60,431, across 5 grants on its 2025 IRS Form 990-PF.
Where does Common Wealth Trust give grants?
Common Wealth Trust gives mostly in Ohio: 52% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (48%). The most frequent recipient cities were Cleveland, OH (2 grants).
Does Common Wealth Trust give general operating support?
Yes: 40% of Common Wealth Trust's 2025 grants with a stated purpose (2 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Common Wealth Trust's largest grantees?
Common Wealth Trust's largest 2025 grantees include Western Reserve Historical ($150,078), Village of Crestline ($7,000) and City Club of Cleveland ($1,000), according to its 2025 IRS Form 990-PF. It also paid 2 grants to individuals ($144,078), which are not listed by name. Together they received 52% of its itemized 2025 grant dollars.
How large is Common Wealth Trust?
Common Wealth Trust reported $5.6M in total assets on its 2025 IRS Form 990-PF. It paid out $327K in qualifying distributions that year, against a required minimum of $324K (roughly 5% of its investment assets).
What does Common Wealth Trust fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from Common Wealth Trust?
Common Wealth Trust has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Common Wealth Trust's EIN?
Common Wealth Trust's EIN (Employer Identification Number) is 51-0232187. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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