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Commonwealth Impact Foundation Inc

Public charity · Grantmaker Indianapolis, IN EIN: 85-0781875 Website

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.

Key facts about Commonwealth Impact Foundation Inc

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.

EIN
85-0781875
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$8,028,382
Grants made (2024)
4
Average grant
$2,007,096
Median grant
$252,968
Total assets
$8,705,416
Primary geography
North Carolina (93% 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

$8.7M

-21.2% YoY

Annual Giving

$8.0M

-13.5% YoY

Grant Count

4

+0.0% YoY

Avg Grant Size

$2.0M

-13.5% YoY

How Commonwealth Impact Foundation Inc gives

  • Giving grew 1354% from 2021 to 2024. Method

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

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of 2024 grant dollars across all 4 itemized grants.

Cities

AlpharettaCharlotteIndianapolisAlexandriaClearwaterPontiacSt Petersburg

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5M$5M$7.5M$10M1 grant2021 1 grant2022 4 grants2023 4 grants2024

From 2021 to 2024, annual grant giving ranged from $191K (2022) to $9.3M (2023). In 2024 it made 4 grants totaling $8.0M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

World Shoe Fund Inc: $7.5MWorld Shoe Fund Inc$7.5MNational Christian Foundation: $426KNational Christian Foundation$426KInternational Generosity Foundation Trust: $80KInternational GenerosityFoundation Trust$80KRaymond James Trust: $22KRaymond James Trust$22K

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

3<$50K1$50–100K2$100–250K1$250–500K1$500K–1M$1–5M2$5M+

The most common grant size was under $50K: 3 grants of 10 (30%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
World Shoe Fund Inc Charlotte, NCMission Support$7,500,000
National Christian Foundation Alpharetta, GAMission Support$425,936
International Generosity Foundation Trust Clearwater, FLMission Support$80,000
Raymond James Trust St Petersburg, FLMission Support$22,446

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$5M$10M$15M2021 2022 2023 2024
Metric202420232022
Total Assets$8,705,416$11,048,975$16,611,239
Revenue$6,109,705$5,468,590$11,685,333
Expenses$8,661,815$10,321,129$1,796,879
Net Investment Income$58,939$243,177$64,682

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2021 (received by the IRS October 26, 2022)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
  3. Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
  4. Updated Form 990 for fiscal year 2024 (received by the IRS November 13, 2025)
  5. IRS filings on file for fiscal years 2021–2024

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

Jay Hein — Managing Director: $25KJay HeinManaging Director$25KMike Humphrey — Former Chairman: $25KMike HumphreyFormer Chairman$25K

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.

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