Commonwealth Impact Foundation Inc

Organization Overview

Commonwealth Impact Foundation Inc is located in Indianapolis, IN. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Impact Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE CONNECT ENTREPRENEURS WITH PHILANTHROPISTS TO ACCELERATE BUSINESS THAT STRENGTHEN COMMUNITIES. WE SERVE SOCIAL INVESTORS AND SOCIAL ENTREPRENEURS.

Describe the Organization's Program Activity:

RESEARCH - OUR SCHOLARS INVETIGATE BEST PRACTICES, CONDUCT PERFORMANCE MEASUREMENT, AND PUBLISH ITEMS TO INFORM INVESTORS, OPERATORS, AND THE GENERAL PUBLIC.CONSULTING - OUR TEAM PERFORMS INVESTMENT BANKING-TYPE DILIGENCE FOR SOCIAL INVESTORS AND MANAGEMENT CONSULTING FOR SOCIAL ENTREPRENEURS.INVESTING - WE IDENTIFY AND INVEST IN QUALITY DEALS TO BUILD MARKETS FOR SELECT STATES AND CAUSES.


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Board, Officers & Key Employees

Name (title)Compensation
Jay Hein
Managing Director
$0
Mike Humphrey
Board Chairman
$0
Cliff Benson
Member
$0
Chuck Bentley
Member (resigned Early 2022)
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,450,469
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,450,469
Total Program Service Revenue$0
Investment income $13,537
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,754,974

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Commonwealth Impact Foundation Inc has recieved totaling $4,245,317.

Awarding OrganizationAmount
Sagamore Institute Inc

Indianapolis, IN

PURPOSE: GRANTS

$2,340,904
$1,290,000
Christian Community Foundation Inc

Colorado Springs, CO

PURPOSE: GENERAL SUPPORT

$234,000
Deaconess Health Associations Fund Inc

Cincinnati, OH

PURPOSE: Operations

$200,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$62,500
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$50,000
View Grant Recipient Profile

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