Common Wealth Trust
Common Wealth Trust is a private foundation based in Pittsburgh, Pennsylvania. The organization is designated as a 501(c)(3) tax-exempt entity and has been operating since 1979. The foundation operates with Bank of Delaware serving as trustee.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$5.6M
-0.8% YoY
Annual Giving
$302K
-6.3% YoY
Grant Count
5
-16.7% YoY
Avg Grant Size
$60K
+12.4% YoY
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.
Mission & Focus Areas
The foundation's grant-making priorities focus on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Arts, Culture & Humanities
The foundation primarily directs funding toward organizations and initiatives in Ohio and Pennsylvania.
Grantmaking
Average Grant
amount varies by funding cycle
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Geographic Focus
Where this funder awards grants
Common Wealth Trust primarily funds organizations and initiatives in:
- Ohio
- Pennsylvania
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Resources:
- Total assets: $5,572,734 (most recent filing)
- Total giving: $302,156 (most recent filing)
- Annual revenue: $369,000 (fiscal year 2024)
- Annual expenses: $388,000 (fiscal year 2024)
- Total liabilities: $0 (fiscal year 2024)
Financial Status: The foundation maintains a stable financial position with no outstanding liabilities and substantial assets supporting its grantmaking activities.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,572,734 | $5,615,438 | $5,634,926 |
| Revenue | $335,480 | $368,667 | $100,460 |
| Expenses | $376,772 | $387,670 | $487,787 |
| Qualifying Distributions | $327,259 | $346,423 | $428,134 |
| Net Investment Income | $294,014 | $323,211 | $121,026 |
| Distributable Amount | $324,436 | $302,171 | $294,541 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Western Reserve Historical ($150,078), Martina Mcbride ($72,039), Samuel John Hazo ($72,039).
| Recipient | Purpose | Amount |
|---|---|---|
| MARTINA MCBRIDE PITTSBURGH, PA | LIFETIME ACHIEVEMENT AWARD | $72,039 |
| SAMUEL JOHN HAZO PITTSBURGH, PA | LIFETIME ACHIEVEMENT AWARD | $72,039 |
| CITY CLUB OF CLEVELAND CLEVELAND, OH | GENERAL SUPPORT | $1,000 |
| WESTERN RESERVE HISTORICAL CLEVELAND, OH | GENERAL SUPPORT | $150,078 |
| VILLAGE OF CRESTLINE CRESTLINE, OH | ALLOCATION PER TRUST | $7,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PNC BANK N A | TRUSTEE | 1 | $62,758 |
Frequently Asked Questions
What does Common Wealth Trust fund?
The foundation's grant-making priorities focus on: • Education • Philanthropy, Voluntarism & Grantmaking • Arts, Culture & Humanities The foundation primarily directs funding toward organizations and initiatives in Ohio and Pennsylvania.
How do I apply for a grant from Common Wealth Trust?
**Grant Amounts:** • Typical awards range from $1,000 to $208,546 • Average grant amount varies by funding cycle **Recent Financial Activity:** • Total giving in the most recent filing: $302,156 • The foundation maintains an active grantmaking program, though specific application procedures are not detailed in available sources
Where does Common Wealth Trust make grants?
Common Wealth Trust primarily funds organizations and initiatives in: • Ohio • Pennsylvania
What size grants does Common Wealth Trust award?
In 2025, Common Wealth Trust awarded 5 grants totaling $302K — an average of about $60K per grant, based on its IRS Form 990 filings.
How much is Common Wealth Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Common Wealth Trust reported a distributable amount of $324K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Common Wealth Trust's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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