Commonwealth Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TULSA, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.8M in total assets. In 2024, it awarded 20 grants totaling $486K. Net investment income was $380K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.8M
+0.3% YoY
Annual Giving
$486K
+16.1% YoY
Grant Count
20
+33.3% YoY
Avg Grant Size
$24K
-12.9% YoY
Under IRS private-foundation payout rules, Commonwealth Foundation reported a distributable amount of $542K for 2024 — the minimum it must pay out in qualifying distributions.
About Commonwealth Foundation
Based on IRS filings
Commonwealth Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TULSA, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.8M in total assets. In 2024, it awarded 20 grants totaling $486K. Net investment income was $380K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,841,640 | $10,807,033 | $11,677,186 |
| Revenue | $515,220 | $-263,430 | $746,052 |
| Expenses | $620,251 | $466,481 | $451,210 |
| Qualifying Distributions | $485,500 | $418,000 | $381,000 |
| Net Investment Income | $380,469 | $290,262 | $675,842 |
| Distributable Amount | $542,336 | $486,148 | $491,278 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
85 grants across all recorded years
Open Grants
2 open opportunities from Commonwealth Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The University of Tulsa ($60,000), George Miksch Sutton Avian Research Center ($50,000), Green Country Habitat for Humanity ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CIRCLE CINEMA FOUNDATION INC TULSA, OK | GENERAL FUND | $30,000 |
| COFFEE BUNKER TULSA, OK | GENERAL FUND | $10,000 |
| GEORGE MIKSCH SUTTON AVIAN RESEARCH CENTER BARTLESVILLE, OK | FRED N WIGHTMAN ENDOWED FUND FOR ECOLOGICAL STEWARDSHIP | $50,000 |
| GREEN COUNTRY HABITAT FOR HUMANITY TULSA, OK | GENERAL FUND | $50,000 |
| HOSPICE OF GREEN COUNTRY TULSA, OK | GENERAL FUND | $10,000 |
| OKLAHOMA POLICY INSTITUTE TULSA, OK | GENERAL FUND | $10,000 |
| OKLAHOMA WILDLIFE CONSERVATION FOUNDATION OKLAHOMA CITY, OK | GENERAL FUND | $5,000 |
| PHOENIX RISING ALTERNATIVE SCHOOL FOUNDATION JENKS, OK | GENERAL FUND | $10,000 |
| PLANNED PARENTHOOD GREAT PLAINS OVERLAND PARK, KS | GENERAL FUND | $50,000 |
| STREET SCHOOL INC TULSA, OK | GENERAL FUND | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RANDI S WIGHTMAN | TRUSTEE | 2 | — |
| MALCOLM S WIGHTMAN | TRUSTEE | 1 | — |
| KATHLEEN W VAUGHN | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Commonwealth Foundation?
Commonwealth Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TULSA, OK. It holds $10.8M in total assets as of 2024.
How large is Commonwealth Foundation?
As of 2024, Commonwealth Foundation holds $10.8M in total assets with $515K in annual revenue. It awarded 20 grants totaling $486K in 2024.
Where does Commonwealth Foundation operate?
Commonwealth Foundation has awarded grants in Kansas, Oklahoma.
What size grants does Commonwealth Foundation award?
In 2024, Commonwealth Foundation awarded 20 grants totaling $486K — an average of about $24K per grant, based on its IRS Form 990 filings.
How much is Commonwealth Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Commonwealth Foundation reported a distributable amount of $542K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Commonwealth Foundation's EIN?
Commonwealth Foundation's EIN (Employer Identification Number) is 73-1463741. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Commonwealth Foundation'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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