Commonwealth Cares Fund Inc
Commonwealth Cares Fund Inc is a public charity based in Waltham, Massachusetts. Created in 2010 and operated and administered through Commonwealth Financial Network, it supports philanthropic efforts intended to relieve human suffering, promote social and economic growth, and protect the planet’s resources.
Commonwealth Cares Fund Inc at a glance
In short: Commonwealth Cares Fund Inc gave $462K across 14 grants in 2024 (avg $33K), mostly in District of Columbia. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $462,180
- +88.6% vs 2023
- Grants made (2024)
- 14
- +75.0% vs 2023
- Average grant
- $33,013
- +7.7% vs 2023
- Median grant
- $10,000
- Total assets
- $1,636,043
- +8.1% vs 2023
- Primary geography
- District of Columbia (72% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Commonwealth Cares Fund Inc
- Contact
Mailing address: 29 Sawyer Road, Waltham, MA 02453
Phone: (800) 251-0080
Website: https://commcares.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Commonwealth Cares Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was American Red Cross ($213K). Together the top 10 received $431K.
Grant Size Distribution
59 grants across all recorded years
The most common grant size was under $50K: 50 grants of 59 (85%).
Geographic Focus
Where this funder awards grants
The fund’s website identifies Commonwealth Financial Network employees in Waltham, Massachusetts, and San Diego, California, as supporting their immediate communities and surrounding areas. The website also describes support for causes across the country and around the world. The 2022 grants listed here went to organizations in New York, New York; Washington, DC; and Peoria, Arizona.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
States
Cities
How Commonwealth Cares Fund Inc gives
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2018 to 2024, annual grant giving ranged from $41K (2019) to $462K (2024). In 2024 it made 14 grants totaling $462K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Red Cross Washington, DC | Unrestricted | $212,500 |
| Foundation for Financial Planning Washington, DC | Unrestricted | $100,000 |
| Make a Wish Massachusetts & Rhode Island Boston, MA | Unrestricted | $33,161 |
| Healthy Waltham Inc Waltham, MA | Unrestricted | $24,622 |
| Jacobs & Cushman San Diego Food Bank San Diego, CA | Unrestricted | $10,250 |
| Connecticut Childrens Medical Center Foundation Inc Hartford, CT | Unrestricted | $10,000 |
| Oxfam America Inc Boston, MA | Unrestricted | $10,000 |
| The Greater Boston Food Bank Inc Boston, MA | Unrestricted | $10,000 |
| Reading Is Fundamental Inc Washington, DC | Unrestricted | $10,000 |
| Vital Voices Global Partnerships Inc Washington, DC | Unrestricted | $10,000 |
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Financial History
Multi-year comparison from IRS filings
The fund’s 2024 filing also lists holdings in a government money market fund and a U.S. large-cap value index fund.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,636,043 | $661,396 | $621,304 | $462,180 | 14 | $70,315 |
| 2023 | $1,512,766 | $535,073 | $412,737 | $245,110 | 8 | $43,670 |
| 2022 | $1,299,086 | $422,824 | $350,468 | $232,175 | 13 | $18,703 |
| 2021 | $1,360,663 | $804,758 | $404,855 | $210,678 | 11 | $255,051 |
| 2020 | $1,065,767 | $629,073 | $502,173 | $378,289 | 13 | $267,035 |
| 2019 | $1,120,717 | $411,835 | $179,514 | $40,500 | 4 | $20,595 |
| 2018 | $801,511 | $100,592 | $218,835 | $60,000 | 3 | $11,028 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The fund’s stated mission is to maximize its efforts to give back to the communities where its community works, lives, and visits. Its filing describes annual grants supporting a wide range of philanthropic efforts wherever and whenever help is most needed.
The fund’s website describes support for causes including youth and education, poverty and hunger, health and wellness, disaster relief and environmental causes, and armed services. It also highlights community efforts involving children, families, and animals.
Among the 2022 grantees, The Arthur Project describes its work as providing intensive mentoring for underserved middle-school youth, and Reading Is Fundamental describes its mission as inspiring children’s joy of reading to help address the U.S. literacy crisis. Feeding America’s Children describes collecting and distributing food and medical supplies to people in need. Calvary Women’s Services describes providing support services and housing to help women transform their lives and end homelessness.
Grantmaking
The 2022 filing reports 13 grants totaling $232,175. The four listed awards below ranged from $5,200 to $25,000; the available information does not establish a typical grant size. Its 2024 filing, the latest on this page, reports 14 grants totaling $462,180.
Notable 2022 recipients include The Arthur Project ($25,000), Reading Is Fundamental Inc ($10,000), Feeding America’s Children ($10,000), and Calvary Women’s Services Inc ($5,200). The fund’s website describes contributions of up to $250 for causes important to Commonwealth employees, advisors, and their staff; it does not specify whether those contributions are grants to outside organizations or payments for other purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Wayne Bloom as chairman and board member; Heather Zack as treasurer and board member; Jessica Fougere and Amy Pagano as board members; and Beth Favaloro as executive director and board member beginning in October 2024. It lists Joni Youngwirth as former executive director and board member through June 2024.
Commonwealth Cares Fund Inc is led by Beth Favaloro, Executive Director & Bod Member-Since on the 2024 filing; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Beth Favaloro
Executive Director & Bod Member-Since
New on the 2024 filing
3 hrs/week
No compensation reported
Joni Youngwirth - Former
Executive Director & Bod Member-
New on the 2024 filing
3 hrs/week
No compensation reported
Wayne Bloom
Chairman & Board Member
CEO & Board Member → Chairman & Board Member, 2020
On filings since 2018
0.5 hrs/week
No compensation reported
Heather Zack
Treasurer & Board Member
On filings since 2019
0.5 hrs/week
No compensation reported
Amy Pagano
Board Member
On filings since 2021
0.5 hrs/week
No compensation reported
Jessica Fougere
Board Member
On filings since 2021
0.5 hrs/week
No compensation reported
Former officers (4)
- Former: Joni Youngwirth (2018–2023) — President & Board Member
- Former: Paula O'Shaughnessy (2018–2023) — Secretary & Board Member
- Former: Gavin Morrissey (2018–2019) — Treasurer & Board Member
- Former: Peter Wheeler (2018–2019) — President & Board Member
Data from IRS Form 990 filings, 2018–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Commonwealth Cares Fund Inc
How much does Commonwealth Cares Fund Inc give each year?
Commonwealth Cares Fund Inc gave $462K across 14 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $245K across 8 grants.
What is Commonwealth Cares Fund Inc's typical grant size?
Commonwealth Cares Fund Inc's median grant in 2024 was $10,000, and its average grant was $33,013, across 14 grants on its 2024 IRS Form 990.
Where does Commonwealth Cares Fund Inc give grants?
Commonwealth Cares Fund Inc gives mostly in District of Columbia: 72% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was Massachusetts (20%). The most frequent recipient cities were Boston, MA (5 grants) and Washington, DC (4 grants).
Does Commonwealth Cares Fund Inc give general operating support?
Yes: 100% of Commonwealth Cares Fund Inc's 2024 grants with a stated purpose (14 of 14) were for general or operating support, per its 2024 IRS Form 990.
Who are Commonwealth Cares Fund Inc's largest grantees?
Commonwealth Cares Fund Inc's largest 2024 grantees include American Red Cross ($212,500), Foundation for Financial Planning ($100,000) and Make a Wish Massachusetts & Rhode Island ($33,161), according to its 2024 IRS Form 990. Together they received 75% of its itemized 2024 grant dollars.
How large is Commonwealth Cares Fund Inc?
Commonwealth Cares Fund Inc reported $1.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $661K.
What does Commonwealth Cares Fund Inc fund?
The fund’s stated mission is to maximize its efforts to give back to the communities where its community works, lives, and visits. Its filing describes annual grants supporting a wide range of philanthropic efforts wherever and whenever help is most needed. See mission & focus areas ↑
How do I apply for a grant from Commonwealth Cares Fund Inc?
Commonwealth Cares Fund Inc has no public application process in the sources Grantable reviewed. Check commcares.org for current guidelines, or contact the foundation directly before submitting a request.
What is Commonwealth Cares Fund Inc's EIN?
Commonwealth Cares Fund Inc's EIN (Employer Identification Number) is 27-3144318. IRS Form 990 filing data is available on this page for 2018–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2018 (received by the IRS January 23, 2020)
- Added Form 990 for fiscal year 2019 (received by the IRS March 10, 2021)
- Updated Form 990 for fiscal year 2020 (received by the IRS November 4, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 19, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 30, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Commonwealth Cares Fund Inc funds
Human Services Open opportunities, soonest deadline first.
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Browse active grant opportunities in Commonwealth Cares Fund Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Commonwealth Cares Fund Inc funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/commonwealth-cares-fund-inc-morg_e2bd721dbc864191b508be9d8b63febf
BibTeX
@misc{grantable_273144318_2026,
author = {{Grantable}},
title = {{Commonwealth Cares Fund Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/commonwealth-cares-fund-inc-morg_e2bd721dbc864191b508be9d8b63febf},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Commonwealth Cares Fund Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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