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 06/2023, Commonwealth Fund generated $22.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 34.1% each year . All expenses for the organization totaled $52.4m during the year ending 06/2023. While expenses have increased by 5.7% per year over the past 3 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 2,239 individual grants totaling $138,767,551. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Executive Vice President And Chief Operating Officer | 60 | $535,600 | |
Name Not Listed Executive Vice President For Programs | 60 | $392,533 | |
Name Not Listed Director | 3.5 | $0 | |
Name Not Listed Director | 2.5 | $0 | |
Name Not Listed Director | 2.5 | $0 | |
Name Not Listed Director | 2.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Agility | 6/29/23 | $2,049,975 |
Investure | 6/29/23 | $1,393,407 |
Bny Mellon | 6/29/23 | $366,555 |
Generation Im Global | 6/29/23 | $391,077 |
Burness Communications | 6/29/23 | $353,061 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $1,041,621 |
Interest on Savings | $357,421 |
Dividends & Interest | $4,515,916 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $16,367,643 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $16,425 |
Total Revenue | $22,299,026 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $1,843,051 |
Other employee salaries and wages | $6,661,614 |
Pension plans, employee benefits | $3,619,883 |
Interest | $0 |
Taxes | $1,013,253 |
Depreciation | $410,097 |
Occupancy | $1,060,229 |
Travel, conferences, and meetings | $568,036 |
Printing and publications | $745,100 |
Other expenses | $1,353,306 |
Total operating and administrative expenses | $23,466,802 |
Contributions, gifts, grants paid | $28,928,114 |
Total expenses and disbursements | $52,394,916 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,067,285 |
Savings and temporary cash investments | $17,064,405 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $827,571,231 |
Net Land, buildings, and equipment | $6,288,585 |
Other assets | $9,838,428 |
Total assets | $864,829,934 |
Accounts payable and accrued expenses | $2,001,097 |
Grants payable | $22,413,144 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $9,001,824 |
Total liabilities | $33,416,065 |
Over the last fiscal year, Commonwealth Fund has awarded $51,031,466 in support to 807 organizations.
Grant Recipient | Amount |
---|---|
350ORG PURPOSE: MATCHING GIFTS FOR GENERAL OPERATING SUPPORT | $500 |
AARP FOUNDATION PURPOSE: A REIMAGINED STATE SCORECARD ON LONG-TERM SERVICES AND SUPPORTS | $174,978 |
ABFM FOUNDATION INC PURPOSE: THE ESSENTIAL ROLE OF PRIMARY HEALTH CARE FOR HEALTH SECURITY AND SECURING HEALTH | $40,000 |
ACADEMYHEALTH PURPOSE: MEDICAID DATA LEARNING NETWORK | $64,429 |
ABFM FOUNDATION INC PURPOSE: DEVELOPING FEDERAL POLICY OPTIONS FOR SOCIAL RISK PAYMENT ADJUSTMENT | $61,275 |
ACADEMYHEALTH PURPOSE: ACADEMYHEALTH ANNUAL RESEARCH MEETING | $20,000 |