The Organizations principal activity is the promotion of social welfare through the provision of strategic and financial support to other organizations that support the organizations mission and are exempt under IRC 501(c)(3) or 501 (c)(4).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.7M
-64.5% YoY
Annual Giving
$11.1M
-14.6% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$5.5M
-57.3% YoY
About Fund for the Common Good
Based on IRS filings
Fund for the Common Good is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in FULTON, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.7M in total assets. In 2024, it awarded 2 grants totaling $11.1M. Net investment income was $962K.
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 | $5,658,673 | $15,928,972 | $27,437,728 |
| Revenue | $962,417 | $1,373,701 | $-506,052 |
| Expenses | $11,145,762 | $13,068,263 | $3,876,388 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $962,417 | $1,373,701 | $-506,052 |
| 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 2 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Venetoulis Institute for Local Journalism ($11,000,000), Majority Forward ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The Venetoulis Institute for Local Journalism Baltimore, MD | Support local journalism | $11,000,000 |
| Majority Forward Washington, DC | Promote democratic leadership | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Matthew Bainum | Director | 0.25 | — |
| Mary C Acker | Secretary/Treasurer | 0.5 | — |
| David J Korotkin | Assistant Secretary | 0.25 | — |
| Stewart Bainum Jr | President and Director | 2 | — |
| Sandra Bainum | Director | 0.5 | — |
| Bradford Bainum | Director | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Fund for the Common Good?
Fund for the Common Good is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in FULTON, MD. It holds $5.7M in total assets as of 2024.
How large is Fund for the Common Good?
As of 2024, Fund for the Common Good holds $5.7M in total assets with $962K in annual revenue. It awarded 2 grants totaling $11.1M in 2024.
Where does Fund for the Common Good operate?
Fund for the Common Good has awarded grants in District of Columbia, Maryland.
What size grants does Fund for the Common Good award?
In 2024, Fund for the Common Good awarded 2 grants totaling $11.1M — an average of about $5.5M per grant, based on its IRS Form 990 filings.
What is Fund for the Common Good's EIN?
Fund for the Common Good's EIN (Employer Identification Number) is 84-3726722. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Fund for the Common Good'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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