Commonwealth Fund

Organization Overview

Commonwealth Fund is located in New York, NY. The organization was established in 1939. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Commonwealth Fund generated $69.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $46.2m during the year ending 06/2021. While expenses have increased by 4.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2021, Commonwealth Fund has awarded 1,432 individual grants totaling $87,736,085. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNICATIONS: THE FUND'S COMMUNICATIONS PROGRAM USES PRINT, BROADCAST, ONLINE, AND SOCIAL MEDIA TO BRING INFORMATION ON HEALTH EQUITY, HEALTH REFORM AND HEALTH SYSTEM TRANSFORMATION TO THE ATTENTION OF CRITICAL STAKEHOLDER GROUPS, ESPECIALLY POLICY OFFICIALS AND LEADERS IN HEALTH CARE DELIVERY. THE FUND'S PUBLICATIONS AND WEB CONTENT ENRICH PUBLIC UNDERSTANDING OF HOW THE AFFORDABLE HEALTH CARE ACT AND OTHER FORCES ARE CHANGING HOW AMERICANS GET THEIR HEALTH CARE. THE TOTAL AUDIENCE SUBSCRIBED TO RECEIVE FUND EMAIL ALERTS IS OVER 180,000, AND MONTHLY WEBSITE VISITS SURPASSED 450,000 IN SEPTEMBER 2021. MEDIA FELLOWSHIP PROGRAMS IN INTERNATIONAL AND DOMESTIC HEALTH POLICY MANAGED BY THE ASSOCIATION OF HEALTH CARE JOURNALISTS SUPPORTS THE ONGOING TRAINING OF HEALTH REPORTERS AND EDITORS AND ENCOURAGES IN-DEPTH REPORTING ON ISSUES RELATED TO HEALTH SYSTEM PERFORMANCE AND CHANGE.


INTERNATIONAL HEALTH POLICY & PRACTICE INNOVATIONS: THE INTERNATIONAL HEALTH POLICY AND PRACTICE INNOVATIONS PROGRAM IS GUIDED BY THE BELIEF THAT THE U.S. CAN LEARN BY EXAMINING OTHER HEALTH SYSTEMS, THEIR PERFORMANCE IN RELATION TO OURS, AND THEIR HEALTH CARE DELIVERY AND PAYMENT INNOVATIONS-PARTICULARLY THOSE THAT WE MIGHT CONSIDER ADOPTING. THE PROGRAM ACTIVITIES INCLUDE SURVEYS, RESEARCH, SPONSORSHIP OF THE HARKNESS FELLOWSHIPS IN HEALTH CARE POLICY, AND CONVENING INTERNATIONAL POLICYMAKERS AND EXPERTS FOR CROSS-NATIONAL DIALOGUE AND EXCHANGE AROUND CONTEMPORARY HEALTH POLICY ISSUES FACED BY GOVERNMENTS AND HEALTH CARE SYSTEMS.


ADVANCING HEALTH EQUITY: THE COMMONWEALTH FUND'S ADVANCING HEALTH EQUITY PROGRAM IS A MAJOR NEW INITIATIVE TO ADVANCE EQUITY IN U.S. HEALTH CARE. ITS GOAL IS TO CONTRIBUTE TO EFFORTS TO DISMANTLE SYSTEMIC RACISM IN HEALTH CARE POLICY AND PRACTICE AND COUNTER INEQUITY IN TREATMENT, PATIENT EXPERIENCE, AND HEALTH OUTCOMES FOR BLACK PEOPLE, INDIGENOUS PEOPLE, AND PEOPLE OF COLOR. TO FOSTER ANTIRACISM IN HEALTH CARE, IT WILL BE ESSENTIAL TO CHANGE CULTURE, BELIEFS, AND ATTITUDES, TO SHOW HOW RACISM AND BIAS MANIFESTS ITSELF WITHIN MANAGEMENT, AMONG MEMBERS OF THE WORKFORCE, AND BETWEEN PATIENTS AND PROVIDERS. THE HEALTH EQUITY ACTION FUND WILL ALSO USE POLICY TO BRING ABOUT EQUITABLE ACCESS. THE PROGRAM WILL SPONSOR EFFORTS TO ENSURE FEDERAL AND STATE POLICIES RELATED TO HEALTH COVERAGE EXPLICITLY COMBAT RACISM AND ENSURE GOOD ACCESS TO HIGH-QUALITY SERVICES FROM COMMUNITY PROVIDERS THAT PRIORITIZE EQUITY.


HEALTH CARE COVERAGE, ACCESS & TRACKING: THE FUND'S HEALTH CARE COVERAGE AND ACCESS PROGRAM CONTINUES TO DELIVER UP-TO-DATE INFORMATION ON THE STATE OF HEALTH COVERAGE IN THE U.S. TO FEDERAL AND STATE POLICYMAKERS, CONSUMER GROUPS, THE MEDIA, AND OTHER KEY STAKEHOLDERS. THE FEDERAL GOVERNMENT HAS MADE A SIGNIFICANT INVESTMENT IN EXPANDED HEALTH INSURANCE COVERAGE AND INNOVATIONS IN THE DELIVERY OF CARE TO PATIENTS. THE FUND'S TRACKING INITIATIVE IS ASSESSING THE NATION'S PROGRESS TOWARD THESE GOALS AND EXAMINING WHETHER THE INVESTMENT IS PRODUCING HOPED-FOR GAINS. BUILDING ON THE SERIES OF HEALTH SYSTEM SCORECARDS FIRST LAUNCHED IN 2006, THE FUND IS PROVIDING POLICYMAKERS, PROVIDERS, AND THE PUBLIC WITH PERFORMANCE BENCHMARKS AND IMPROVEMENT TARGETS, WHILE HELPING TO INFORM FUTURE ACTION BY POLICYMAKERS AND HEALTH CARE STAKEHOLDERS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Vice Chairman
$0
Barry Scholl
Sr Vp, Comms
$378,168
Reginald Williams II
Vp, Ihp
$308,884
Sara Collins
Vp, Cov & Access
$296,685
Laurie Zephyrin
Vp, Ahe
$287,754
Andrea Landes
Vp, Grants Mgmt
$262,179

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Agility
$2,211,166
Investure
$647,278
Generation Im Global
$495,256
Baxter Select Equity Co Sei Global Services
$409,890
Burness Communications
$388,406
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $404,112
Interest on Savings $0
Dividends & Interest $2,491,134
Profit on Inventory Sales $0
Other Income -$76,681
Total Revenue $69,444,117

Grants Awarded

Over the last fiscal year, Commonwealth Fund has awarded $47,775,613 in support to 758 organizations.

Grant RecipientAmount

THE COMMONWEALTH FUND

Org PageRecipient Profile

New York, NY

PURPOSE: 2022-23 HARKNESS FELLOWSHIPS IN HEALTH CARE POLICY AND PRACTICE

$1,502,804

THE COMMONWEALTH FUND

Org PageRecipient Profile

New York, NY

PURPOSE: 2021-22 HARKNESS FELLOWSHIPS IN HEALTH CARE POLICY AND PRACTICE

$1,444,391

THE COMMONWEALTH FUND

Org PageRecipient Profile

New York, NY

PURPOSE: HARKNESS FELLOWSHIPS IN HEALTH CARE POLICY AND PRACTICE, 2023-24

$1,336,849

SSRS

PURPOSE: INTERNATIONAL HEALTH POLICY SURVEY, 2023

$850,000

SSRS

PURPOSE: THE COMMONWEALTH FUND 2022 BIENNIAL HEALTH INSURANCE SURVEY

$757,840

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Org PageRecipient Profile

Cambridge, MA

PURPOSE: WINDING DOWN THE MAINTENANCE-OF-ELIGIBILITY REQUIREMENT FOR MEDICAID: IMPACTS ON LOW-INCOME ADULTS IN FOUR SOUTHERN STATES

$751,898
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 42 grants that Commonwealth Fund has recieved totaling $8,087,012.

Awarding OrganizationAmount
Commonwealth Fund

New York, NY

PURPOSE: 2022-23 HARKNESS FELLOWSHIPS IN HEALTH CARE POLICY AND PRACTICE

$1,502,804
Commonwealth Fund

New York, NY

PURPOSE: 2021-22 HARKNESS FELLOWSHIPS IN HEALTH CARE POLICY AND PRACTICE

$1,444,391
Commonwealth Fund

New York, NY

PURPOSE: HARKNESS FELLOWSHIPS IN HEALTH CARE POLICY AND PRACTICE, 2023-24

$1,336,849
Commonwealth Fund

New York, NY

PURPOSE: AUTHORIZATION TO SUPPORT ACQUISITION AND DEVELOPMENT OF SCORECARD MEASURES AND DATA FROM EXTERNAL SOURCES

$550,000
Commonwealth Fund

New York, NY

PURPOSE: 2021-22 HARKNESS FELLOWSHIPS IN HEALTH CARE POLICY AND PRACTICE

$453,979
Commonwealth Fund

New York, NY

PURPOSE: HARKNESS FELLOWSHIPS IN HEALTH CARE POLICY AND PRACTICE, 2020-21

$440,442
View Grant Recipient Profile

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