Commonwealth Impact Foundation Inc
The world has never experienced so much prosperity nor faced so many massive challenges. Commonwealth harnesses the same entrepreneurial talent that creates wealth to create more opportunity for everyone to flourish.
Commonwealth Impact Foundation Inc at a glance
In short: Commonwealth Impact Foundation Inc gave $8.0M across 4 grants in 2024 (avg $2.0M), mostly in North Carolina. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $8,028,382
- -13.5% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $2,007,096
- -13.5% vs 2023
- Median grant
- $252,968
- Total assets
- $8,705,416
- -21.2% vs 2023
- Primary geography
- North Carolina (93% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Commonwealth Impact Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was World Shoe Fund Inc ($7.5M). Together the top 4 received $8.0M.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 3 grants of 10 (30%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Commonwealth Impact Foundation Inc gives
- Giving grew 1354% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $191K (2022) to $9.3M (2023). In 2024 it made 4 grants totaling $8.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| World Shoe Fund Inc Charlotte, NC | Mission Support | $7,500,000 |
| National Christian Foundation Alpharetta, GA | Mission Support | $425,936 |
| International Generosity Foundation Trust Clearwater, FL | Mission Support | $80,000 |
| Raymond James Trust St Petersburg, FL | Mission Support | $22,446 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $8,705,416 | $6,109,705 | $8,661,815 | $8,028,382 | 4 | $58,939 |
| 2023 | $11,048,975 | $5,468,590 | $10,321,129 | $9,283,726 | 4 | $243,177 |
| 2022 | $16,611,239 | $11,685,333 | $1,796,879 | $191,232 | 1 | $64,682 |
| 2021 | $5,251,315 | $5,754,974 | $650,488 | $552,096 | 1 | $13,537 |
About Commonwealth Impact Foundation Inc
Based on IRS filings
Commonwealth Impact Foundation Inc is a public charity focused on Community Improvement & Capacity Building, based in Indianapolis, IN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $8.7M in total assets. In 2024, it awarded 4 grants totaling $8.0M. Net investment income was $59K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Commonwealth Impact Foundation Inc's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jay Hein
Board Member
Managing Director → Board Member, 2023
On filings since 2021
1 hr/week
$25K (2022) → $0 (2024)
Cliff Benson
Board Member
Member → Board Member, 2023
On filings since 2021
1 hr/week
No compensation reported
Winston Justice
Board Member
Member → Board Member, 2023
On filings since 2022
1 hr/week
No compensation reported
Former officers (2)
- Former: Mike Humphrey (2021–2022) — Former Chairman
- Former: Chuck Bentley (2021) — Member
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $25K, to Jay Hein (Managing Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Commonwealth Impact Foundation Inc
How much does Commonwealth Impact Foundation Inc give each year?
Commonwealth Impact Foundation Inc gave $8.0M across 4 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $9.3M across 4 grants.
What is Commonwealth Impact Foundation Inc's typical grant size?
Commonwealth Impact Foundation Inc's median grant in 2024 was $252,968, and its average grant was $2,007,096, across 4 grants on its 2024 IRS Form 990.
Where does Commonwealth Impact Foundation Inc give grants?
Commonwealth Impact Foundation Inc gives mostly in North Carolina: 93% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was Georgia (5%).
Does Commonwealth Impact Foundation Inc give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Commonwealth Impact Foundation Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Mission Support" (4 grants).
How large is Commonwealth Impact Foundation Inc?
Commonwealth Impact Foundation Inc reported $8.7M in total assets on its 2024 IRS Form 990. Its revenue that year was $6.1M.
What is Commonwealth Impact Foundation Inc?
Commonwealth Impact Foundation Inc is a public charity focused on Community Improvement & Capacity Building, based in Indianapolis, IN. It holds $8.7M in total assets as of 2024.
What is Commonwealth Impact Foundation Inc's EIN?
Commonwealth Impact Foundation Inc's EIN (Employer Identification Number) is 85-0781875. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS October 26, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Commonwealth Impact Foundation Inc funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Leveling-Up Award $1,000 · Due October 25, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Commonwealth Impact Foundation Inc's focus areas in our free grants database
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Figures come from Commonwealth Impact Foundation 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.
Commonwealth Impact Foundation Inc down — hundreds of funders to go?