EIN 85-0781875

Commonwealth Impact Foundation

Name: Commonwealth Impact Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Indianapolis

State

Indiana

Year formed

2020

Most recent tax filings

2023-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

The Commonwealth Impact Foundation harnesses entrepreneurial talent to create more opportunities for everyone to flourish. The foundation recognizes that the world is facing challenges despite unprecedented prosperity, and aims to use the same entrepreneurial talent that creates wealth to create more opportunity. It grows an impact investing network in 15 cities through its CW City Fund, aimed at funding venture philanthropy and VC/PE deals for community renewal. Additionally, Commonwealth sponsors select private offerings through CW Ventures for companies advancing market solutions.

Total revenues

$5,468,590

2023

Total expenses

$10,321,129

2023

Total assets

$11,048,975

2023

Num. employees

2023

Program areas at Commonwealth Impact Foundation

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.

Grants made by Commonwealth Impact Foundation

Grantee	Grant description	Grant year	Amount
World Shoe Fund	Mission Support	2023-12	$9,000,000
Neighborhood Health	Mission Support	2023-12	$216,072
National Christian Foundation of Indiana	Mission Support	2023-12	$37,654
...and 1 more grant made

Who funds Commonwealth Impact Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Samaritan's Feet	2022-12	Program-Related Construction	$7,000,000
National Christian Foundation / Natl Christian Charitable FDN Inc	2023-12	Growth	$215,213
The Signatry / Servant Foundation	2023-03	Community Development	$50,000
...and 3 more grants received

Personnel at Commonwealth Impact Foundation

Name	Title	Date of data
Rich Westlake	Chief Financial Officer	2022-10-26

Financials for Commonwealth Impact Foundation

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$5,031,020	$9,979,682	-49.6%
Program services	$0	$0	-
Investment income and dividends	$128,288	$71,637	79.1%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$-2,978	$-4,359	31.7%
Net gain from sale of non-inventory assets	$114,889	$-6,955	1751.9%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$197,371	$1,645,328	-88%
Total revenues	$5,468,590	$11,685,333	-53.2%

Form 990s for Commonwealth Impact Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-11-15	990	View PDF
2022-12	2023-11-15	990	View PDF
2021-12	2022-10-26	990	View PDF

Organizations like Commonwealth Impact Foundation

Organization	Type	Location	Revenue
Cooperative Development Foundation (CDF)	501(c)(3)	Washington, DC	$1,741,895
St Croix Foundation for Community Development	501(c)(3)	Christiansted, VI	$2,672,132
New York City Partnership Foundation	501(c)(3)	New York, NY	$7,216,615
Grand Action Foundation 20	501(c)(3)	Grand Rapids, MI	$3,045,526
Detroit Regional Chamber Foundation	501(c)(3)	Detroit, MI	$12,220,449
Birmingham Business Alliance Foundation	501(c)(3)	Birmingham, AL	$4,572,216
Midland Business Alliance Foundation	501(c)(3)	Midland, MI	$4,986,528
Asheville Area Chamber of Commerce Community Betterment Foundation	501(c)(3)	Asheville, NC	$3,782,364
Memphis Center City Development Corporation	501(c)(3)	Memphis, TN	$1,738,728
Grapevine Giving Foundation	501(c)(3)	New York, NY	$10,328,267

Data update history

March 5, 2025

Posted financials

Added Form 990 for fiscal year 2023

December 28, 2024

Received grants

Identified 4 new grant, including a grant for $7,000,000 from Samaritan's Feet

January 7, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 6, 2024

Updated personnel

Identified 1 new personnel

December 26, 2023

Used new vendors

Identified 1 new vendor, including

Nonprofit Types

Grantmaking organizationsBusiness and community development organizationsCharitiesDonor Advised Funds (DAFs)

Issues

Community improvementEconomic development

Characteristics

Operates donor advised fundsProvides grantsTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: PO Box 301076; Indianapolis, IN 46230
Metro area: Indianapolis-Carmel-Anderson, IN
County: Marion County, IN
Website URL: cwimpact.org/
Phone: (317) 472-2020

IRS details

EIN: 85-0781875
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2020
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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Commonwealth Impact Foundation

Program areas at Commonwealth Impact Foundation

Grants made by Commonwealth Impact Foundation

Who funds Commonwealth Impact Foundation

Personnel at Commonwealth Impact Foundation

Financials for Commonwealth Impact Foundation

Form 990s for Commonwealth Impact Foundation

Organizations like Commonwealth Impact Foundation

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