NonprofitsCommonwealth Impact Foundation Inc

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

Contributions & grants$6.4M
Program service revenue
Investment income$59K
Other revenue
Total revenue$6.1M

Expenses

Grants paid$8.0M
Salaries & benefits
Fundraising$46K
Other expenses$627K
Total expenses$8.7M
Total assets$8.7M
Net assets$8.7M

People

3 listed

NameRoleCompensation

JAY HEIN

BOARD MEMBER

Board

1 hrs/wk

WINSTON JUSTICE

BOARD MEMBER

Board

1 hrs/wk

CLIFF BENSON

BOARD MEMBER

Board

1 hrs/wk

Grants received

Showing 24 of 24

FromAmountPurposeYear
$5.4M
Production of EVA shoes
2024
$196K
GIVING AND GENEROSITY
2024
$4.6M
Production of EVA Shoes
2023
$308K
For grant recipient's exempt purposes
2023
$37K
COMMUNITY DEVELOPMENT
2023
$7M
Program-Related Construction
2022
$200K
GENERAL OPERATING SUPPORT
2022
$200K
GRANTS
2022
$50K
COMMUNITY DEVELOPMENT
2022
$37K
General Support
2022
$25K
PUBLIC, SOCIETAL BENEFIT
2022
$10K
For grant recipient's exempt purposes
2022
$2.3M
GRANTS
2021
$141K
For grant recipient's exempt purposes
2021
$141K
For grant recipient's exempt purposes
2021
$63K
PUBLIC, SOCIETAL BENEFIT
2021
$25K
General Support
2021
$15K
COMMUNITY DEVELOPMENT
2021

Funded by

$25.4M from 10 funders · 24 grants · 2021–2024

Samaritan's Feet International

$17.0M · 3 grants · 2022–2024

Natl Christian Charitable Fdn Inc

$4.6M · 4 grants · 2022–2024

Sagamore Institute Inc

$2.6M · 3 grants · 2021–2023

Fidelity Investments Charitable Gift Fund

$601K · 4 grants · 2021–2023

American Endowment Foundation

$200K · 1 grant · 2022

Servant Foundation

$102K · 3 grants · 2021–2023

Donor Advised Charitable Giving Inc

$88K · 2 grants · 2021–2022

Details

EIN850781875
NTEE codeS30
Subsection03
Ruling date2020-07
Formed2020
Employees0
Volunteers3
COMMONWEALTH IMPACT FOUNDATION INC — Mission, Financials & Grants Received | Grantivo