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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
Rotary Club of Columbia Patuxent
COLUMBIA, MD
Assets
$376K
Grants
1
Total Given
$12K
American Federation for Children Growth
COLUMBIA, MD
Assets
$9.4M
Grants
11
Total Given
$2.4M
Mayfield Scholastic Ltd
BALTIMORE, MD
Assets
—
Grants
1
Total Given
$38K
Baltimore Curriculum Project Inc
BALTIMORE, MD
Assets
$17.3M
Grants
6
Total Given
$2.7M
Government Employees' Benefit
HANOVER, MD
Assets
$3K
Grants
43
Total Given
$108K
Charles F and Margaret Mh Obrecht
BALTIMORE, MD
Assets
$1.2M
Grants
79
Total Given
$131K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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