Commonwealth Foundation for Cancer
TO PROVIDE FUNDING FOR CANCER RESEARCH
Key facts about Commonwealth Foundation for Cancer
- EIN
- 04-3632101
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $55,909,636
- Grants made (2024)
- 8
- Average grant
- $6,988,705
- Median grant
- $5,000,000
- Total assets
- $50,949,327
- Primary geography
- Massachusetts (57% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Commonwealth Foundation for Cancer funds
By grant dollars, the top recipient states for Commonwealth Foundation for Cancer's 8 itemized 2024 grants were Massachusetts (57%), New York (14%) and Maryland (14%). The most frequent recipient cities were Richmond, VA (2 grants). 13% of grants with a stated purpose were for general or operating support.
How Commonwealth Foundation for Cancer gives
- Giving grew 177% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Commonwealth Foundation for Cancer
- How to evaluate Commonwealth Foundation for Cancer as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$50.9M
-37.8% YoY
Annual Giving
$55.9M
+1.5% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$7.0M
+1.5% YoY
About Commonwealth Foundation for Cancer
Based on IRS filings
Commonwealth Foundation for Cancer is a nonprofit organization focused on Medical Research, based in Richmond, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $50.9M in total assets. In 2024, it awarded 8 grants totaling $55.9M. Net investment income was $4.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $50,949,327 | $81,899,492 | $34,835,660 |
| Revenue | $25,046,690 | $102,323,363 | $50,354,014 |
| Expenses | $55,998,011 | $55,264,302 | $47,600,088 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,205,194 | $40,921,074 | $2,639,130 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Commonwealth Cancer Consortium Inc ($27,110,000), Memorial Sloan-Kettering Cancer Center ($8,000,000), Sidney Kimmel Comprehensive Cancer Center ($8,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMONWEALTH CANCER CONSORTIUM INC Sherborn, MA | SUPPORT FOR MULTI-INSTITUTIONAL RESEARCH IN CANCER INDICATIONS | $27,110,000 |
| MEMORIAL SLOAN-KETTERING CANCER CENTER New York, NY | SUPPORT PROGRESS IN DRUG DISCOVERY AND DEVELOPMENTAL RESEARCH AGAINST CANCER | $8,000,000 |
| SIDNEY KIMMEL COMPREHENSIVE CANCER CENTER Baltimore, MD | SUPPORT FOR RESEARCHERS AND CLINCIANS TO ADVANCE THE STATE OF CANCER SCIENCE | $8,000,000 |
| MD ANDERSON CANCER CENTER Houston, TX | SUPPORT PROGRESS IN IMPROVING CARE FOR OUR PATIENTS WITH CANCER | $7,500,000 |
| DANA-FARBER CANCER INSTITUTE INC Brookline, MA | SUPPORT FOR CLINICAL STUDIES AND TO ADVANCE DISCOVERIES AND NEW TECHNOLOGIES IN CANCER RESEARCH | $2,500,000 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY-KOCH INSTITUTE FOR CANCER RESEARCH Cambridge, MA | SUPPORT FOR CLINICAL STUDIES AND TO ADVANCE DISCOVERIES AND NEW TECHNOLOGIES IN CANCER RESEARCH | $2,500,000 |
| MASSEY CANCER CENTER Richmond, VA | SUPPORT FOR CLINICAL TRIALS IN CANCER RESEARCH | $242,186 |
| THE COMMUNITY FOUNDATION Richmond, VA | UNRESTRICTED SUPPORT | $57,450 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| William H Goodwin Jr | Director, President | 0.5 | — |
| Alice T Goodwin | Director | 0.5 | — |
| Wayne L Hunter | Director, Treasurer | 0.5 | $12,500 |
| John Sherman Jr | Director, Secretary | 0.5 | $15,000 |
| James a Jones | Tax Officer | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Commonwealth Foundation for Cancer?
Commonwealth Foundation for Cancer is a nonprofit organization focused on Medical Research, based in Richmond, VA. It holds $50.9M in total assets as of 2024.
How large is Commonwealth Foundation for Cancer?
As of 2024, Commonwealth Foundation for Cancer holds $50.9M in total assets with $25.0M in annual revenue. It awarded 8 grants totaling $55.9M in 2024.
Where does Commonwealth Foundation for Cancer operate?
Commonwealth Foundation for Cancer has awarded grants in Massachusetts, Maryland, New York, Texas, Virginia.
What size grants does Commonwealth Foundation for Cancer award?
In 2024, Commonwealth Foundation for Cancer awarded 8 grants totaling $55.9M — an average of about $7.0M per grant, based on its IRS Form 990 filings.
What is Commonwealth Foundation for Cancer's EIN?
Commonwealth Foundation for Cancer's EIN (Employer Identification Number) is 04-3632101. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.