Commonwealth Impact Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · 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
About Commonwealth Impact Foundation Inc
Based on IRS filings
Commonwealth Impact Foundation Inc is a nonprofit organization 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
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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 | $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 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $58,939 | $243,177 | $64,682 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include World Shoe Fund Inc ($7,500,000), National Christian Foundation ($425,936), International Generosity Foundation Trust ($80,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NATIONAL CHRISTIAN FOUNDATION ALPHARETTA, GA | MISSION SUPPORT | $425,936 |
| WORLD SHOE FUND INC CHARLOTTE, NC | MISSION SUPPORT | $7,500,000 |
| INTERNATIONAL GENEROSITY FOUNDATION TRUST CLEARWATER, FL | MISSION SUPPORT | $80,000 |
| RAYMOND JAMES TRUST ST PETERSBURG, FL | MISSION SUPPORT | $22,446 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAY HEIN | BOARD MEMBER | 1 | — |
| WINSTON JUSTICE | BOARD MEMBER | 1 | — |
| CLIFF BENSON | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Commonwealth Impact Foundation Inc?
Commonwealth Impact Foundation Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in INDIANAPOLIS, IN. It holds $8.7M in total assets as of 2024.
How large is Commonwealth Impact Foundation Inc?
As of 2024, Commonwealth Impact Foundation Inc holds $8.7M in total assets with $6.1M in annual revenue. It awarded 4 grants totaling $8.0M in 2024.
Where does Commonwealth Impact Foundation Inc operate?
Commonwealth Impact Foundation Inc has awarded grants in Florida, Georgia, Michigan, North Carolina, Virginia.
What size grants does Commonwealth Impact Foundation Inc award?
In 2024, Commonwealth Impact Foundation Inc awarded 4 grants totaling $8.0M — an average of about $2.0M per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Commonwealth Impact Foundation Inc'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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