Nonprofit · EIN 13-1635260
COMMONWEALTH FUND
Tax-exempt · NEW YORK, NY 10021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $39,838,343 | $51,961,087 | -$12,122,744 | $922,680,894 | $39,199,944 | $883,480,950 |
| June 30, 2024 | 990-PF | $40,713,328 | $48,850,563 | -$8,137,235 | $875,566,732 | $33,583,024 | $841,983,708 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,295,009
- Dividends
- $4,589,657
- Interest
- $521,378
- Net gain from sales of assets
- $33,397,137
- Other income
- $35,162
Expenses
- Grants and similar amounts paid
- $26,499,932
- Compensation of officers, directors and key employees
- $1,708,570
- Salaries, compensation and benefits (total)
- $7,624,129
- Disbursements for charitable purposes
- $50,113,580
- Excise tax on investment income
- $509,353
Balance sheet and other
- Total assets, start of year
- $875,566,732
- Total assets, end of year
- $922,680,894
- Total liabilities, end of year
- $39,199,944
- Net assets, end of year
- $883,480,950
- Fair market value of assets
- $922,680,894
- Qualifying distributions
- $50,785,477
- Net investment income
- $47,365,029
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Joseph Betancourt MD One East 75th Street, New York, NY 10021 | President | 60 | $776,270 | $144,798 |
| Kathleen Regan One East 75th Street, New York, NY 10021 | Executive Vice President and Chief Operating Officer | 60 | $513,860 | $113,154 |
| Melinda Abrams One East 75th Street, New York, NY 10021 | Executive Vice President for Programs | 60 | $418,440 | $136,694 |
| Barry Scholl One East 75th Street, New York, NY 10021 | Sr VP Comms Highest-paid employee | 50 | $415,221 | $120,863 |
| Laurie Zephyrin One East 75th Street, New York, NY 10021 | Sr VP AHE Highest-paid employee | 50 | $337,585 | $70,400 |
| Reginald Williams II One East 75th Street, New York, NY 10021 | VP IHP Highest-paid employee | 50 | $333,659 | $69,552 |
| Sara Collins One East 75th Street, New York, NY 10021 | VP Cov and Access Highest-paid employee | 50 | $320,263 | $65,673 |
| Andrea Landes One East 75th Street, New York, NY 10021 | VP Grants Mgmt Highest-paid employee | 50 | $282,377 | $109,146 |
| Mitchell J Blutt MD One East 75th Street, New York, NY 10021 | Director | 3.5 | $0 | $0 |
| Maureen Bisognano One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Carrie L Byington MD One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Margaret Hamburg MD One East 75th Street, New York, NY 10021 | Chair | 5 | $0 | $0 |
| Kathryn D Haslanger One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Alan Jones One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Vivian S Lee MD MBA One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lois Quam One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 |
| Julian Harris MD One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 |
| Simon Stevens One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 |
| Laura Walker One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 |
| Sheila P Burke One East 75th Street, New York, NY 10021 | Vice Chair | 2.5 | $0 |
| Jaewon Ryu MD One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 |
990-PF for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Joseph Betancourt MD One East 75th Street, New York, NY 10021 | President | 60 | $755,000 | $138,673 |
| Kathleen Regan One East 75th Street, New York, NY 10021 | Executive Vice President and Chief Operating Officer | 60 | $557,024 | $106,404 |
| Melinda Abrams One East 75th Street, New York, NY 10021 | Executive Vice President for Programs | 60 | $408,234 | $140,965 |
| Barry Scholl One East 75th Street, New York, NY 10021 | Sr VP Comms Highest-paid employee | 50 | $405,094 | $131,609 |
| Laurie Zephyrin One East 75th Street, New York, NY 10021 | Sr VP AHE Highest-paid employee | 50 | $329,351 | $69,016 |
| Reginald Williams II One East 75th Street, New York, NY 10021 | VP IHP Highest-paid employee | 50 | $325,521 | $105,819 |
| Sara Collins One East 75th Street, New York, NY 10021 | VP Cov and Access Highest-paid employee | 50 | $312,453 | $75,725 |
| Andrea Landes One East 75th Street, New York, NY 10021 | VP Grants Mgmt Highest-paid employee | 50 | $275,490 | $105,312 |
| Mitchell J Blutt MD One East 75th Street, New York, NY 10021 | Director | 3.5 | $0 | $0 |
| Maureen Bisognano One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Carrie L Byington MD One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Margaret Hamburg MD One East 75th Street, New York, NY 10021 | Chair | 5 | $0 | $0 |
| Kathryn D Haslanger One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Alan Jones One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Vivian S Lee MD MBA One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Lois Quam One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Mark D Smith MD One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Simon Stevens One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Laura Walker One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Sheila P Burke One East 75th Street, New York, NY 10021 | Vice Chair | 2.5 | $0 | $0 |
| Jaewon Ryu MD One East 75th Street, New York, NY 10021 | Director | 2.5 | $0 | $0 |
| Michael V Drake (until 1123) One East 75th Street, New York, NY 10021 | Chair | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- ONE EAST 75TH STREET, NEW YORK, NY 10021-2677
- Signed the 990-PF
- Kathleen Regan, EVP & COO
- Phone
- (212) 606-3858
- Website
- www.commonwealthfund.org
- Return prepared by
- Jeffry Haber Inc
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 13-1635260
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1939
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $922,680,894
- Income (IRS master file)
- $6,441,206
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $39,838,343 | $51,961,087 | $922,680,894 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990-PF | June 2024 | $40,713,328 | $48,850,563 | $875,566,732 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-1635260).
Questions about COMMONWEALTH FUND
- What is the EIN of COMMONWEALTH FUND?
- The employer identification number (EIN) of COMMONWEALTH FUND is 13-1635260.
- Is COMMONWEALTH FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1939.
- Are donations to COMMONWEALTH FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does COMMONWEALTH FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of COMMONWEALTH FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMONWEALTH FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of COMMONWEALTH FUND?
- The 990-PF for the year ended June 30, 2025 lists 21 people; 8 received compensation from the organization, the highest $776,270 (Joseph Betancourt MD, President).
- How much revenue does COMMONWEALTH FUND have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $39,838,343, expenses of $51,961,087 and total assets of $922,680,894 at year end.
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