Fund for the Common Good
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).
Fund for the Common Good at a glance
In short: Fund for the Common Good gave $11.1M across 2 grants in 2024 (avg $5.5M), mostly in Maryland. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $11,100,000
- -14.6% vs 2023
- Grants made (2024)
- 2
- +100.0% vs 2023
- Average grant
- $5,550,000
- -57.3% vs 2023
- Median grant
- $5,550,000
- Total assets
- $5,658,673
- -64.5% vs 2023
- Primary geography
- Maryland (99% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Fund for the Common Good funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was The Venetoulis Institute for Local Journalism ($11.0M). Together the top 2 received $11.1M.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 9 (22%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Fund for the Common Good gives
- Giving grew 516% 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 2020 to 2024, annual grant giving ranged from $650K (2020) to $13.0M (2023). In 2024 it made 2 grants totaling $11.1M.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 | $5,658,673 | $962,417 | $11,145,762 | $11,100,000 | 2 | $962,417 |
| 2023 | $15,928,972 | $1,373,701 | $13,068,263 | $13,000,000 | 1 | $1,373,701 |
| 2022 | $27,437,728 | $-506,052 | $3,876,388 | $3,800,000 | 1 | $-506,052 |
| 2021 | $31,715,847 | $31,233,392 | $1,867,855 | $1,802,371 | 1 | $31,233,392 |
| 2020 | $32,616,259 | $31,512,810 | $673,858 | $650,000 | 4 | $107,930 |
About Fund for the Common Good
Based on IRS filings
Fund for the Common Good is a public charity, 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
Leadership & Key People
Officers and directors from IRS filings
Fund for the Common Good is led by Stewart Bainum Jr., President & Director on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Stewart Bainum Jr.
President & Director
On filings since 2020
2 hrs/week
No compensation reported
Bradford Bainum
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Matthew Bainum
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Sandra Bainum
Director
On filings since 2020
0.5 hrs/week
No compensation reported
David J Korotkin
Assistant Secretary
On filings since 2020
0.3 hrs/week
No compensation reported
Mary C Acker
Secretary & Treasurer
Secretary → Secretary & Treasurer, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Christine AShreve (2020–2022) — Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Fund for the Common Good
How much does Fund for the Common Good give each year?
Fund for the Common Good gave $11.1M across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $13.0M across 1 grant.
How large is Fund for the Common Good?
Fund for the Common Good reported $5.7M in total assets on its 2024 IRS Form 990. Its revenue that year was $962K.
Where does Fund for the Common Good operate?
Fund for the Common Good has awarded grants in District of Columbia, Maryland.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 4, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 30, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 6, 2025)
- IRS filings on file for fiscal years 2020–2024
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