2026-09-23T14:49:02-05:00 2025-12-31 RSM US LP 100 INTERNATIONAL DRIVE SUITE 400 BALTIMORE MD 21202 990 2025-01-01 843726722 Fund for the Common Good % WHITE OAK ENTERPRISES LLC FUND 2402951612 8171 MAPLE LAWN BLVD STE 375 FULTON MD 20759 Mary Acker Treasurer 2402951612 2026-08-25 true JULIA FLANNERY P00928918 4102469300 2026-08-25 2025 Mary Acker 8171 MAPLE LAWN BLVD STE 375375 FULTON MD 20759 2175102 false X N/A X 2019 DE The Organization's principal activity is the promotion of social welfare through the provision of strategic and financial support to other organizations that support the organization's mission and are exempt under IRC 501(c)(3) or 501(c)(4) 4 4 0 4 0 0 0 0 0 962417 280704 0 0 962417 280704 11100000 0 0 0 0 0 0 0 0 45762 384115 11145762 384115 -10183345 -103411 5658673 5535737 0 0 5658673 5535737 The Organization's principal activity is the promotion of social welfare through the provision of strategic and financial support to other organizations that support the organization's mission and are exempt under IRC 501(c)(3) or 501(c)(4). false false 354305 0 0 THE ORGANIZATION'S PRINCIPAL ACTIVITY IS THE PROMOTION OF SOCIAL WELFARE THROUGH THE PROVISION OF STRATEGIC AND FINANCIAL RESOURCES TO OTHER 501(C)(3) OR 501(C)(4) ORGANIZATIONS CONSISTENT WITH THE ORGANIZATION'S MISSION INCLUDING SUPPORTING LOCAL JOURNALISM. 354305 false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false true 3 0 true 0 false false false false false false false false X 4 4 true true false false true true true true true false false true true true true false false false false false DE MD X WHITE OAK ENTERPRISES LLC 2401951612 8171 MAPLE LAWN BLVD STE 375 FULTON MD 20759 Stewart Bainum Jr President/Director 2.0 1.0 X X 0 0 0 Sandra Bainum Director 0.5 0.5 X 0 0 0 Bradford Bainum Director 0.25 0.25 X 0 0 0 Matthew Bainum Driector 0.25 0.25 X 0 0 0 Mary C Acker Secretary/Treasurer 0.5 0.5 X 0 0 0 David J Korotkin Assistant Secretary 0.25 0.25 X 0 0 0 0 0 0 0 false false false James Drury Partners 875 N Michigan Ave 3805 CHICAGO IL 60611 EXECUTIVE RECRUITING 181500 1 0 0 258049 258049 0 0 0 0 0 1917053 1894398 22655 22655 22655 0 0 0 0 0 0 0 0 0 0 280704 280704 X 0 0 0 0 0 0 0 0 0 0 0 2703 2703 12724 12724 0 0 11022 11022 242235 241500 735 0 598 598 0 0 0 0 0 0 0 0 0 0 STATE REGISTRATION FEES 334 334 FOREIGN TAXES & REFUNDS 801 801 SOFTWARE 893 893 PROGRAM EVENTS - JOURNALISM 112805 112805 384115 354305 29810 0 20908 431 0 1140 0 0 68919 0 0 0 0 0 0 0 0 0 0 0 0 0 5568846 167518 0 5366648 0 0 0 0 0 0 5658673 5535737 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 5658673 5535737 5658673 5535737 5658673 5535737 -103411 -19525 X false false false GOLDMAN SACHS ACCESS 650010 F JPMORGAN ULTRA-SHORT INCOME 701734 F VICTORYSHARES CORE INTERMED 1121691 F UNITED STATES TREASURY NOTE 966950 F EATON VANCE EM MKTS 293091 F JPMORGAN STRAT INC OPPORT I 556684 F PIMCO LOW DURATION INC 511762 F PUTNAM ULTRA SHT DUR INC 564726 F 5366648 PART VI LINE 2: STEWART AND SANDRA BAINUM ARE MARRIED AND THEIR 2 ADULT CHILDREN ARE BRADFORD AND MATTHEW BAINUM ALL SERVE AS DIRECTORS. THE ORGANIZATION DELEGATED CONTROL OF CERTAIN MANAGEMENT FUNCTIONS TO MANAGEMENT COMPANY - WHITE OAK ENTERPRISES LLC (FKA WHITE OAK RESOURCES LLC) IS ULTIMATELY OWNED BY THE DIRECTORS, TRUSTS FOR THEIR BENEFIT, AND DESCENDANTS OF STEWART'S PARENTS. TWO OF THE OFFICERS ARE EMPLOYED BY WHITE OAK ENTERPRISES LLC. PART VI LINE 3: The Organization has entered into a professional services agreement with White Oak Resources, LLC to provide a range of management and administrative services. These services include, but are not limited to, investment strategy and oversight, financial planning and reporting, tax and accounting support, and strategic philanthropic planning and governance support. Under this agreement, White Oak Resources, LLC assists with functions such as financial management, grant administration, preparation of materials for board meetings, and other operational and advisory services, as requested by the Organization. The Secretary/Treasurer, Mary C Acker, and Assistant Secretary, David Korotkin, are officers of the Organization and employees of White Oak Resources LLC. The compensation paid to them as employees is not allocated to or tied to the services provided to the filing Organization. PART VI LINE 6: There is one class of members who have the rights described in 7a and 7b who must meet the eligibility qualifications described in the bylaws. PART VI LINE 7A: THE MEMBERS OF THE CORPORATION HAVE THE RIGHT AND DUTY TO: FIX THE AUTHORIZED NUMBER OF DIRECTORS; ELECT THE DIRECTORS OF THE CORPORATION UPON ANY VACANCIES ON THE BOARD OF DIRECTORS; APPOINT THE BOARD CHAIR, WHO SERVES AT THE PLEASURE OF THE MEMBERS, FROM AMONG THE DIRECTORS THEY ELECT; AND REMOVE ANY OR ALL OF THE DIRECTORS WITH OR WITHOUT CAUSE. PART VI LINE 7B: THE MEMBERS HAVE THE RIGHT TO: SET THE MISSION AND POLICY STATEMENT OF THE CORPORATION; APPROVE ANY CHANGES TO THE CORPORATION'S CERTIFICATE OF INCORPORATION OR THE BYLAWS; APPROVE DISSOLUTION OF THE CORPORATION AND THE RELATED DISTRIBUTION OF ASSETS, MATERIAL SALES OF ASSETS, MERGERS, CONSOLIDATIONS, CONVERSIONS, OR DOMESTICATIONS; AND APPROVE ANY OTHER FUNDAMENTAL TRANSACTIONS OF THE CORPORATION. PART VI LINE 11B: WHITE OAK ENTERPRISES LLC EMPLOYEES PREPARE THE RETURNS AND RSM US LLP REVIEWS THE RETURN. THE TREASURER REVIEWS THE RETURN AND THEN A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL GOVERNING BODY BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. PART VI LINE 12C: The organization maintains a written conflict of interest policy that applies to directors, and officers. Individuals with a direct or indirect financial interest in a proposed transaction are required to disclose all material facts to the Board or applicable committee. After disclosure, the interested person is excused from the discussion and vote, and the disinterested members determine whether a conflict exists. If a conflict is identified, the Board or committee evaluates the transaction, considers alternatives, and approves it only if it is determined to be in the organization's best interest and fair and reasonable. The organization documents conflicts and related proceedings in meeting minutes and requires annual written acknowledgments from covered individuals confirming their understanding and compliance with the policy. PART VI LINE 15A: THERE ARE NO EMPLOYEES. OFFICERS AND DIRECTORS ARE NOT COMPENSATED. PART VI LINE 19: The governing documents and conflict of interest policy are provided to the public upon request for the same period of disclosure as set forth in section 6104(D). PART IX LINE 11G: THE ORGANIZATION INCURRED $241,500 OF PROFESSIONAL SERVICE FEES TO IDENTIFY AND RECRUIT INDIVIDUALS FOR BOARD GOVERNANCE AND KEY OPERATIONAL AND JOURNALISTIC TALENT ROLES FOR AN ORGANIZATION ENGAGED IN LOCAL JOURNALISM. THESE ACTIVITIES ARE INTENDED TO STRENGTHEN THE ORGANIZATIONAL CAPACITY, QUALITY, INDEPENDENCE, AND SUSTAINABILITY OF JOURNALISM THAT SERVES THE PUBLIC, CONSISTENT WITH THE ORGANIZATION'S SOCIAL WELFARE MISSION. THESE COSTS ARE REPORTED AS PROGRAM SERVICE EXPENSES. THE ORGANIZATION ALSO INCURRED $735 OF PROFESSIONAL SERVICES FEES WITH REGARDS TO MANAGEMENT AND ADMINISTRATION OF THE FOUNDATION. PART IX LINE 24 - PROGRAM EVENTS - JOURNALISM: DURING 2025, THE ORGANIZATION CONDUCTED TWO PROGRAMMATIC EVENTS TO SUPPORT AND RECOGNIZE THE PRODUCTION OF LOCAL JOURNALISM BY AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THESE EVENTS FOLLOWED NATIONAL RECOGNITION OF SUCH JOURNALISM AND WERE INTENDED TO PROMOTE THE CONTINUED EFFECTIVENESS, SUSTAINABILITY, AND PUBLIC IMPACT OF LOCAL NEWS REPORTING IN FURTHERANCE OF THE ORGANIZATION'S SOCIAL WELFARE MISSION. THE ORGANIZATION PAID VENDORS DIRECTLY FOR ALL EVENT-RELATED COSTS. THESE ACTIVITIES ARE REPORTED AS PROGRAM SERVICE EXPENSES. FORM 990 PART IX LINE 11G DESCRIPTION:RECRUITING FEES TOTAL FEES:241500 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING FEES TOTAL FEES:735 FOUNDATION FOR THE GREATEST GOOD 8171 MAPLE LAWN BLVD STE 375 FULTON MD 20759 521907725 SEE PART VII MD 501(C)(3) PF false false false false false false false false false false false false false false false false false false false false PT II LINE 1B: PRIMARY ACTIVITY: PROVIDES GRANTS TO CHARITABLE, EDUCATION, & OTHER SECTION 501(C)(3) ORGANIZATIONS