Commonwealth Foundation for Cancer Research

Public charity · Grantmaker Richmond, VA EIN: 04-3632101

To provide funding for cancer research

Key facts about Commonwealth Foundation for Cancer Research

In short: Commonwealth Foundation for Cancer Research gave $55.9M across 8 grants in 2024 (avg $7.0M), mostly in Massachusetts. Source: 2024 IRS Form 990.

EIN
04-3632101
Latest 990 filing
Form 990, 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, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · 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

How Commonwealth Foundation for Cancer Research gives

  • Giving grew 177% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

About Commonwealth Foundation for Cancer Research

Based on IRS filings

Commonwealth Foundation for Cancer Research is a public charity 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

5states

Share of 2024 grant dollars across all 8 itemized grants.

Cities

RichmondBaltimoreBrooklineCambridgeHoustonNew YorkSherbornCharlottesville

Giving Over Time

Total grant dollars and number of grants per year

$0$20M$40M$60M8 grants2020 8 grants2021 7 grants2022 8 grants2023 8 grants2024

From 2020 to 2024, annual grant giving ranged from $19.8M (2020) to $55.9M (2024). In 2024 it made 8 grants totaling $55.9M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Commonwealth Cancer Consortium Inc: $27.1MCommonwealth Cancer ConsortiumInc$27.1MMemorial Sloan-Kettering Cancer Center: $8.0MMemorial Sloan-KetteringCancer Center$8.0MSidney Kimmel Comprehensive Cancer Center: $8.0MSidney Kimmel ComprehensiveCancer Center$8.0MMD Anderson Cancer Center: $7.5MMD Anderson Cancer Center$7.5MDana-Farber Cancer Institute Inc: $2.5MDana-Farber Cancer InstituteInc$2.5MMassachusetts Institute of Technology-Koch Institute for Cancer Research: $2.5MMassachusetts Institute ofTechnology-Koch Institute for…$2.5MMassey Cancer Center: $242KMassey Cancer Center$242KThe Community Foundation: $57KThe Community Foundation$57K

The largest 2024 recipient was Commonwealth Cancer Consortium Inc ($27.1M). Together the top 8 received $55.9M.

Grant Size Distribution

39 grants across all recorded years

1<$50K5$50–100K1$100–250K3$250–500K$500K–1M14$1–5M15$5M+

The most common grant size was $5M or more: 15 grants of 39 (38%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Commonwealth Cancer Consortium Inc Sherborn, MASupport for Multi-Institutional Research in Cancer Indications$27,110,000
Memorial Sloan-Kettering Cancer Center New York, NYSupport progress in drug discovery and developmental research against cancer$8,000,000
Sidney Kimmel Comprehensive Cancer Center Baltimore, MDSupport for researchers and clincians to advance the state of cancer science$8,000,000
MD Anderson Cancer Center Houston, TXSupport progress in improving care for our patients with cancer$7,500,000
Dana-Farber Cancer Institute Inc Brookline, MASupport 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, MASupport for clinical studies and to advance discoveries and new technologies in cancer research$2,500,000
Massey Cancer Center Richmond, VASupport for Clinical Trials in Cancer Research$242,186
The Community Foundation Richmond, VAUnrestricted Support$57,450

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$50M$100M$150M2020 2021 2022 2023 2024
Metric202420232022
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
Net Investment Income$4,205,194$40,921,074$2,639,130

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 11, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS November 13, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Commonwealth Foundation for Cancer Research is led by William H. Goodwin Jr., Director & President on every filing since 2020; 2 of 5 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • William H. Goodwin Jr.

    Director & President

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • John Sherman Jr.

    Director & Secretary

    On filings since 2020

    0.5 hrs/week

    $31K (2020) → $15K (2024)

  • Wayne L. Hunter

    Director & Treasurer

    On filings since 2020

    0.5 hrs/week

    $1K (2020) → $13K (2024)

  • Alice T. Goodwin

    Director

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • James A. Jones

    Tax Officer

    On filings since 2020

    0.5 hrs/week

    No compensation reported

Former officers (1)
  • Former: Thomas F. Farrell II (2020–2021) — Director-

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

John Sherman Jr — Director, Secretary: $15KJohn Sherman JrDirector, Secretary$15KWayne L Hunter — Director, Treasurer: $13KWayne L HunterDirector, Treasurer$13K

The highest reported compensation on the 2024 filing was $15K, to John Sherman Jr (Director, Secretary). 2 officers or directors reported compensation on that filing.

Frequently asked questions about Commonwealth Foundation for Cancer Research

How much does Commonwealth Foundation for Cancer Research give each year?

Commonwealth Foundation for Cancer Research gave $55.9M across 8 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $55.1M across 8 grants.

What is Commonwealth Foundation for Cancer Research's typical grant size?

Commonwealth Foundation for Cancer Research's median grant in 2024 was $5,000,000, and its average grant was $6,988,705, across 8 grants on its 2024 IRS Form 990.

Where does Commonwealth Foundation for Cancer Research give grants?

Commonwealth Foundation for Cancer Research gives mostly in Massachusetts: 57% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest states were New York (14%) and Maryland (14%). The most frequent recipient cities were Richmond, VA (2 grants).

Does Commonwealth Foundation for Cancer Research give general operating support?

Yes: 13% of Commonwealth Foundation for Cancer Research's 2024 grants with a stated purpose (1 of 8) were for general or operating support, per its 2024 IRS Form 990.

Who are Commonwealth Foundation for Cancer Research's largest grantees?

Commonwealth Foundation for Cancer Research's largest 2024 grantees include Commonwealth Cancer Consortium Inc ($27,110,000), Memorial Sloan-Kettering Cancer Center ($8,000,000) and Sidney Kimmel Comprehensive Cancer Center ($8,000,000), according to its 2024 IRS Form 990. Together they received 77% of its itemized 2024 grant dollars.

How large is Commonwealth Foundation for Cancer Research?

Commonwealth Foundation for Cancer Research reported $50.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $25.0M.

What is Commonwealth Foundation for Cancer Research?

Commonwealth Foundation for Cancer Research is a public charity focused on Medical Research, based in Richmond, VA. It holds $50.9M in total assets as of 2024.

What is Commonwealth Foundation for Cancer Research's EIN?

Commonwealth Foundation for Cancer Research's EIN (Employer Identification Number) is 04-3632101. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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