2025-10-30T09:57:30-05:00 2024-12-31 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2024-01-01 273144318 COMMONWEALTH CARES FUND INC COMM 8002510080 29 SAWYER ROAD WALTHAM MA 02453 ANNE FONTANET TREASURER 8002510080 2025-10-23 1 1 JOSEPH GISO P00030126 7819143400 2025-10-23 2024 2025-03-06 01:10:19Z ANNE FONTANET 29 SAWYER ROAD WALTHAM MA 02453 1314537 0 X WWW.COMMCARES.ORG X 2010 MA OUR PHILANTHROPIC EFFORTS ARE FOCUSED ON IMPROVING LIVES ACROSS MANY CATEGORIES, BUT NOT LIMITED TO, HUMAN SERVICES, HEALTH, EDUCATION, ANIMAL WELFARE, VETERANS, ENVIRONMENTAL AND ARTS/CULTURE. 6 6 0 6 0 0 491403 591081 0 0 43670 70315 0 0 535073 661396 396522 594391 0 0 0 0 0 0 0 16215 26913 412737 621304 122336 40092 1512766 1636043 55000 95000 1457766 1541043 COMMONWEALTH CARES FUND, INC. IS A 501(C)(3) NON-PROFIT ORGANIZATION CREATED TO MAXIMIZE THE IMPACT OF OUR MANY AND VARIED EFFORTS TO GIVE BACK TO THE COMMUNITIES IN WHICH WE WORK, LIVE AND VISIT. 0 0 594391 594391 THROUGH GRANTS EACH YEAR, CCF SUPPORTS A WIDE RANGE OF PHILANTHROPIC EFFORTS WHEREVER AND WHENEVER OUR HELP IS NEEDED MOST. OUR COMMITMENT TO FINANCIAL TRANSPARENCY ENSURES THAT 100% OF EVERY DOLLAR DONATED IS DIRECTLY CHANNELED TO THOSE IN NEED. 594391 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 DE MA X X ANNE FONTANET TREASURER 8002510080 29 SAWYER ROAD WALTHAM MA 02453 X WAYNE BLOOM CHAIRMAN/BOARD MEMBER 0.50 X X 0 0 0 HEATHER ZACK TREASURER/BOARD MEMBER 0.50 X X 0 0 0 JESSICA FOUGERE BOARD MEMBER 0.50 X 0 0 0 AMY PAGANO BOARD MEMBER 0.50 X 0 0 0 BETH FAVALORO EXEC. DIR/BOD MEMBER-SINCE 10/2024 3.00 X X 0 0 0 JONI YOUNGWIRTH - FORMER EXEC. DIR/BOD MEMBER-THROUGH 6/2024 3.00 X 0 0 0 0 0 0 0 0 0 0 0 591081 379122 591081 47200 47200 676256 653141 23115 23115 23115 661396 0 0 70315 594391 594391 23810 23810 FILING FEES 3103 3103 621304 594391 26913 0 2166 858 0 329239 390074 349832 1120526 956114 1512766 1636043 55000 95000 55000 95000 X 1456766 1541043 1000 0 1457766 1541043 1512766 1636043 40092 43185 0 X X 1 X 0 1 0 X 362038 549707 404121 491609 591081 2398556 362038 549707 404121 491609 591081 2398556 1668314 730242 17170 45390 28357 40080 47200 178197 2576753 0.28340 0.23330 X CCF FACTS AND CIRCUMSTANCES SUPPLEMENTI. 10% PERCENT SUPPORT LIMITATIONAS SHOWN IN SCHEDULE A, UNDER PART II, SECTION C, THE PUBLIC SUPPORT PERCENTAGE FOR OUR ORGANIZATION FOR 2024 IS 28.34%.II. ATTRACTION OF PUBLIC SUPPORTWE ARE CONTINUOUSLY SEEKING SUPPORT FROM THE PUBLIC BY PUBLICIZING OUR GRANT MAKING INITIATIVES IN THE WEEKLY KEEPING COMMONWEALTH CONNECTED NEWSLETTER THAT IS DISPERSED TO OVER 1,000 EMPLOYEES AND EMAIL BULLETINS TO OVER 2,600 ADVISORS. WE HAVE A PRESENCE AT COMMONWEALTH FINANCIAL NETWORK (CFN) CONFERENCES, INVITING POTENTIAL DONORS TO LEARN MORE ABOUT WHAT WE DO AS WELL AS A PUBLIC WEBSITE: WWW.COMMCARES.COM.III. PERCENTAGE OF FINANCIAL SUPPORTAS NOTED ABOVE, OUR PUBLIC SUPPORT IS 28.34%, WHICH IS GREATER THAN 10%, BUT LESS THAN 33 1/3%.IV. SOURCES OF SUPPORTTHE PUBLIC SUPPORT OUR ORGANIZATION RECEIVES IS PRIMARILY FROM CFN EMPLOYEES, ADVISORS, INDUSTRY PARTNERS AND CONFERENCE ATTENDEES. OUR ORGANIZATION HAS BEEN ACTIVELY SOLICITING DONATIONS FROM THE GENERAL PUBLIC SINCE INCEPTION WITH NEWS UPDATES, FUNDRAISERS, ANDDONATION MATCHING INITIATIVES.WE DISBURSE GRANTS TO 501(C)(3) ORGANIZATIONS BASED UPON SPECIFIC NEEDS OF THE PUBLIC. SOME OF OUR GRANTS ARE MADE TO ASSIST WITH HUNGER RELIEF, DISASTER RELIEF AND IN LINE WITH OUR ANNUAL THEME SUCH AS CHILDREN IN NEED. SOME OF OUR GRANTS ARE REQUESTED BY CFN EMPLOYEES AND ADVISORS WHO ARE LOCATED ACROSS THE UNITED STATES TO 501(C)(3) ORGANIZATIONS IN THEIR AREA.V. REPRESENTATIVE GOVERNING BODYTHE BOARD IS COMPRISED OF CFN EMPLOYEES FROM VARIOUS DEPARTMENTS AND OFFICE LOCATIONS. EACH MEMBER HAS COMPLETELY DIFFERENT INTERACTIONS WITH THE CFN EMPLOYEES, ADVISORS AND BEYOND. THE BOARD AS GROUP PARTICIPATED IN A GRANT PROVIDING UNDERPRIVILEGED COLLEGE AGED STUDENTS WITH SUPPLIES FOR THEIR DORM ROOM, A BOARD MEMBER ORGANIZES THE READ TO A CHILD PROGRAM, WHICH IS SUPPORTED BY OUR ORGANIZATION. CFN HOSTS MANY GIVING BACK/VOLUNTEER EVENTS, SOME WHICH ARE SUPPORTED BY CCF AND SOME THAT ARE NOT. THE BOARD MEMBERS PARTICIPATE IN NEARLY ALL EVENTS, REGARDLESS OFCCF'S INVOLVEMENT.VI. AVAILABILITY OF PUBLIC SERVICES & PUBLIC PARTICIPATIONTHERE IS ALSO A LINK ON OUR WEBPAGE FOR THE GENERAL PUBLIC OR ORGANIZATIONS THAT DO NOT HAVE A DIRECT CONNECTION TO CFN TO REQUEST A GRANT REQUEST FORM. THESE REQUESTS ARE REVIEWED AND APPROVED BY THE BOARD ON A CASE-BY-CASE BASIS. CFN EMPLOYEES AND ADVISORS CAN APPLY FOR A GRANT TO THE ORGANIZATION OF THEIR CHOICE BY SUBMITTING A GRANT REQUEST FORM ON THE CFN INTERNAL WEBPAGES. THE REQUEST IS REVIEWED ENSURING THE RECIPIENT IS IN LINE WITH OUR CHARTER AND MISSION STATEMENT:OUR CHARTER:TO MAXIMIZE THE IMPACT OF OUR MANY AND VARIED EFFORTS TO GIVE BACK TO THE COMMUNITIES IN WHICH WE WORK, LIVE, AND VISIT.OUR MISSION:SUPPORTING A WIDE RANGE OF CHARITABLE CAUSES WITH A FOCUS UPON THE FOLLOWING AREAS OF NEED: RELIEF OF HUMAN SUFFERING EDUCATION AND WELFARE OF CHILDREN GLOBAL DISASTER RELIEF POVERTY RELIEF PROMOTING SOCIAL AND ECONOMIC GROWTH SUSTAINING AND PROTECTING OUR PLANET'S RESOURCES PROMOTING A BETTER TOMORROW FOR FUTURE GENERATIONSSUPPORT CRITERIAORGANIZATIONS SEEKING SUPPORT MUST MEET THE FOLLOWING ELIGIBILITY REQUIREMENTS: MUST BE RECOGNIZED AS A CHARITABLE TAX-EXEMPT ORGANIZATION UNDER IRC SECTION 501(C)(3) OR OTHER RECOGNIZED TAX-EXEMPT DESIGNATION. O STATUS VETTED THROUGH CHARITY NAVIGATOR, GUIDESTAR, AND ORGANIZATION'S WEBSITE. O AND/OR A LETTER OF DETERMINATION FROM THE IRS. ORGANIZATIONS WITH A MISSION THAT ALIGNS WITH COMMONWEALTH CARES' MISSION ARE GIVEN THE GREATEST CONSIDERATION. THE ORGANIZATION CANNOT BE A POLITICAL, LOBBYING, OR LABOR ORGANIZATION. SUPPORT WILL NOT BE PROVIDED TO THE CAPITAL CAMPAIGNS OF UNIVERSITIES OR COLLEGES. NO SUPPORT WILL BE PROVIDED TO ORGANIZATIONS THAT DISCRIMINATE ON THE BASIS OF AGE, RACE, GENDER IDENTITY, SEXUAL ORIENTATION, OR NATIONAL ORIGIN. DONATIONS WILL NOT BE GIVEN TO SECTARIAN ORGANIZATIONS WHOSE SUPPORT IS FOCUSED SOLELY UPON ONE RELIGIOUS GROUP. DONATIONS WILL NOT BE MADE TOWARDS ANY FOR-PROFIT ACTIVITY. ALL DONATIONS MUST BE MADE TO THE QUALIFIED CHARITY RATHER THAN TO AN INDIVIDUAL OR THIRD-PARTY RAISING FUNDS ON BEHALF OF THE CHARITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 481,561 UNITS FIDELITY GOVERNMENT MONEY MARKET CAPITAL RESERVES (FZAXX) 481561 F 2,425.681 SHARES BROWN ADVISORY SUSTAINABLE GROWTH (BAFWX) 133679 F 3,639.421 SHARES CALVERT US LARGE CAP VALUE RESPONSIBLE INDEX I (CFJIX) 116716 F 3,128.73 SHARES GOLDMAN SACHS INTL EQUITY ESG CL (GSIEX) 83913 F 15,846.923 SHARES NUVEEN CORE IMPACT BOND R6 (TSBIX) 140245 F 956114 X PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. INCOME RELATED TO THESE PURPOSES IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS INCOME WOULD BE TAXABLE ACCORDING TO APPLICABLE INTERNAL REVENUE CODE SECTIONS. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. THE ORGANIZATION REGULARLY REVIEWS AND EVALUATES ITS TAX POSITIONS TAKEN IN ITS FILED RETURNS AND RECOGNIZES THE BENEFIT FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE POSITION WOULD BE SUSTAINED UPON AUDIT BASED SOLELY ON THE TECHNICAL MERITS OF THE TAX POSITION. THE ORGANIZATION FILES FEDERAL AND MASSACHUSETTS TAX RETURNS. THE STATUTE OF LIMITATIONS FOR THESE JURISDICTIONS IS GENERALLY THREE YEARS. THE ORGANIZATION HAD NO RETURNS UNDER EXAMINATION FOR YEAR ENDED DECEMBER 31, 2024. 0 AMERICAN RED CROSS 431 18TH ST NW WASHINGTON DC 20006 530196605 501(C)(3) 212500 0 UNRESTRICTED CONNECTICUT CHILDRENS MEDICAL CENTER FOUNDATION INC 282 WASHINGTON ST HARTFORD CT 06106 222619869 501(C)(3) 10000 0 UNRESTRICTED MAKE A WISH MASSACHUSETTS & RHODE ISLAND 133 FEDERAL STREET 2ND FLOOR BOSTON MA 02110 222867371 501(C)(3) 33161 0 UNRESTRICTED OXFAM AMERICA INC 225 CAUSEWAY ST 5TH FL BOSTON MA 02114 237069110 501(C)(3) 10000 0 UNRESTRICTED HEALTHY WALTHAM INC 510 MOODY STREET WALTHAM MA 02453 461174988 501(C)(3) 24622 0 UNRESTRICTED JACOBS & CUSHMAN SAN DIEGO FOOD BANK 9850 DISTRIBUTION AVENUE SAN DIEGO CA 92121 204374795 501(C)(3) 10250 0 UNRESTRICTED THE GREATER BOSTON FOOD BANK INC 70 SOUTH BAY AVENUE BOSTON MA 02118 042717782 501(C)(3) 10000 0 UNRESTRICTED READING IS FUNDAMENTAL INC 750 FIRST STREET NE 920 WASHINGTON DC 20002 520976257 501(C)(3) 10000 0 UNRESTRICTED VITAL VOICES GLOBAL PARTNERSHIPS INC 1625 MASSACHUSETTS AVENUE NW WASHINGTON DC 20036 522151557 501(C)(3) 10000 0 UNRESTRICTED FREESTORE FOODBANK INC 3401 ROSENTHAL WAY CINCINNATI OH 45204 237122205 501(C)(3) 10000 0 UNRESTRICTED THE RED SOX FOUNDATION INC 4 JERSEY STREET BOSTON MA 02215 331007984 501(C)(3) 9018 0 UNRESTRICTED THE HOME FOR LITTLE WANDERERS INC 72-74 E DEDHAM STREET BOSTON MA 02118 042104764 501(C)(3) 6629 0 UNRESTRICTED FAIRWAY TO HEAVEN 4816 BRYANT INVIN CT FORT WORTH TX 76107 812819829 501(C)(3) 6000 0 UNRESTRICTED FOUNDATION FOR FINANCIAL PLANNING 1425 K ST NW SUITE 602 WASHINGTON DC 20005 581446336 501(C)(3) 100000 0 UNRESTRICTED 14 0 X 1708 376420 EXCHANGE LISTING X GIFTS 20 2150 FAIR MARKET VALUE X CAMERA 2 552 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 EACH OF THE INDIVIDUALS SERVING AS A MEMBER OF THE BOARD OF DIRECTORS ARE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE TREASURER AND PROVIDED TO EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS ANY POTENTIAL CONFLICTS OF INTEREST AT THE BOARD MEETINGS. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICT OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE ORGANIZATIONS. DUTY TO DISCLOSE: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: A) AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B) THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C) AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT ISN'T REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 NOT APPLICABLE. NO COMPENSATION PROVIDED. ALL VOLUNTEER. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON REQUEST AND ON OUR WESBITE. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, FORM 990, CONFLICT OF INTEREST POLICY, GOVERNANCE POLICIES AND PROCEDURES AND OTHER APPROPRIATE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS OR SELECTION PROCESS FOR AN INDEPENDENT ACCOUNTANT DURING THE TAX YEAR.