Commonwealth Foundation Iv is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $35.9M in total assets. In 2024, it awarded 1 grants totaling $1.6M. Net investment income was $160K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$35.9M
-3.8% YoY
Annual Giving
$1.6M
-35.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1.6M
-35.5% YoY
Under IRS private-foundation payout rules, Commonwealth Foundation Iv reported a distributable amount of $1.6M for 2024 — the minimum it must pay out in qualifying distributions.
About Commonwealth Foundation Iv
Based on IRS filings
Commonwealth Foundation Iv is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $35.9M in total assets. In 2024, it awarded 1 grants totaling $1.6M. Net investment income was $160K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $35,934,651 | $37,336,405 | $38,986,714 |
| Revenue | $228,581 | $897,617 | $3,091,658 |
| Expenses | $1,630,335 | $2,547,926 | $2,637,973 |
| Qualifying Distributions | $1,625,750 | $2,520,000 | $2,475,000 |
| Net Investment Income | $160,069 | $894,730 | $3,057,324 |
| Distributable Amount | $1,558,482 | $1,706,118 | $2,157,904 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Commonwealth Foundations ($1,625,750).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMONWEALTH FOUNDATIONS RICHMOND, VA | TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION | $1,625,750 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM H GOODWIN JR | DIRECTOR, PRESIDENT/TREASU | 0.1 | — |
| ALICE T GOODWIN | DIRECTOR, SECRETARY | 0.1 | — |
| MATTHEW T GOODWIN | DIRECTOR | 0.1 | — |
| PETER O GOODWIN | DIRECTOR | 0.1 | — |
| SARAH G AUGUST | DIRECTOR | 0.1 | — |
| JAMES A JONES | ASSISTANT TREASURER | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Commonwealth Foundation Iv?
Commonwealth Foundation Iv is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. It holds $35.9M in total assets as of 2024.
How large is Commonwealth Foundation Iv?
As of 2024, Commonwealth Foundation Iv holds $35.9M in total assets with $229K in annual revenue. It awarded 1 grants totaling $1.6M in 2024.
Where does Commonwealth Foundation Iv operate?
Commonwealth Foundation Iv has awarded grants in Virginia.
What size grants does Commonwealth Foundation Iv award?
In 2024, Commonwealth Foundation Iv awarded 1 grants totaling $1.6M — an average of about $1.6M per grant, based on its IRS Form 990 filings.
How much is Commonwealth Foundation Iv required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Commonwealth Foundation Iv reported a distributable amount of $1.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Commonwealth Foundation Iv's EIN?
Commonwealth Foundation Iv's EIN (Employer Identification Number) is 62-1668519. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Commonwealth Foundation Iv's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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