Community Improvement & Capacity Building
Commonwealth Impact Foundation Inc
INDIANAPOLIS, IN
Total revenue
$6.1M
Total expenses
$8.7M
Net assets
$8.7M
Grants received
$25.4M
24 grants
EIN
850781875
Tax year
2024
Mission
Commonwealth harnesses entrepreneurial talent to help communities flourish.
Programs
3 programs
Commonwealth impact foundation holds and administers donor advised funds to make mission-related investments to nonprofit and for profit companies with demonstrated social impact. These donor advised funds are typically held by individuals and funded by a new charitable contribution or grant from an existing donor advised fund at another institution. Daf investments may be in the form of loans or equity. Commonwealth made 8 new investments from donor advised funds in 2024.
Commonwealth impact foundation specializes in real estate transactions supporting nonprofits and other charitable entities. In 2024, commonwealth facilitated a low-interest loan for heart change ministries to acquire and redevelop a building in indianapolis. At this facility, heart change supports single mothers in crisis through emotional support, education, and career training.
Cw city fund: commonwealth is growing an impact investing network in 15 cities to fund venture philanthropy and vc/pe deals aimed at community renewal.cw ventures: commonwealth sponsors select private offerings for companies advancing market solutions to the world's biggest problems, including the wealth gap between white families and black families in america and access to quality health care and mental health services.
Financials
FY 2024
Revenue
Expenses
People
3 listed
JAY HEIN
BOARD MEMBER
—
1 hrs/wk
WINSTON JUSTICE
BOARD MEMBER
—
1 hrs/wk
CLIFF BENSON
BOARD MEMBER
—
1 hrs/wk
Grants received
Showing 24 of 24
Funded by
$25.4M from 10 funders · 24 grants · 2021–2024
$17.0M · 3 grants · 2022–2024
$4.6M · 4 grants · 2022–2024
$2.6M · 3 grants · 2021–2023
$601K · 4 grants · 2021–2023
$200K · 1 grant · 2022
$102K · 3 grants · 2021–2023
$100K · 1 grant · 2024
$88K · 2 grants · 2021–2022