Commonwealth Foundations

Organization Overview

Commonwealth Foundations is located in Richmond, VA. The organization was established in 2016. 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 Foundations 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 12/2021, Commonwealth Foundations generated $12.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $11.8m during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 5 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 2015, Commonwealth Foundations has awarded 411 individual grants totaling $47,839,026. 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.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $12,460,000
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $12,460,000

Grants Awarded

Over the last fiscal year, Commonwealth Foundations has awarded $11,782,698 in support to 92 organizations.

Grant RecipientAmount

THE FAISON CENTER

Org PageRecipient Profile

Richmond, VA

PURPOSE: GENERAL SUPPORT

$2,000,000

LEWIS GINTER BOTANICAL GARDEN

PURPOSE: GENERAL SUPPORT

$1,975,343

MARY BALDWIN UNIVERSITY

PURPOSE: GENERAL SUPPORT

$1,050,000

VIRGINIA TECH FOUNDATION

PURPOSE: GENERAL SUPPORT

$1,010,000

VCU SCHOOL OF ENGINEERING FOUNDATION

PURPOSE: GENERAL SUPPORT

$814,009

DARDEN SCHOOL FOUNDATION

PURPOSE: GENERAL SUPPORT

$610,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Commonwealth Foundations has recieved totaling $6,232,674.

Awarding OrganizationAmount
H7 Foundation

Charlottesville, VA

PURPOSE: GENERAL CHARITABLE PURPOSES

$6,232,674
View Grant Recipient Profile

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