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Commonwealth Foundation V is a private corporation based in RICHMOND, VA. The foundation received its IRS ruling in 1997. The principal officer is Theodore L Chandler Jr. It holds total assets of $35.9M. Annual income is reported at $228K. Total assets have grown from $19.5M in 2014 to $35.9M in 2024. The foundation is governed by 6 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. According to available records, Commonwealth Foundation V has made 2 grants totaling $5.6M, with a median grant of $2.8M. Annual giving has decreased from $3.1M in 2021 to $2.5M in 2022. Individual grants have ranged from $2.5M to $3.1M, with an average award of $2.8M. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Commonwealth Foundation V primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in VA.
Commonwealth Foundation V has distributed a total of $5.6M across 2 grants. The median grant size is $2.8M, with an average of $2.8M. Individual grants have ranged from $2.5M to $3.1M.
Commonwealth Foundation V typically selects its grantees rather than accepting unsolicited proposals.
Commonwealth Foundation V is headquartered in RICHMOND, VA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| William H Goodwin Jr | DIRECTOR, PRESIDENT/TREASU | $0 | $0 | N/A |
| Alice T Goodwin | DIRECTOR, SECRETARY | $0 | $0 | N/A |
| James A Jones | ASSISTANT TREASURER | $0 | $0 | N/A |
| Sarah G August | DIRECTOR | $0 | $0 | N/A |
| Peter O Goodwin | DIRECTOR | $0 | $0 | N/A |
| Matthew T Goodwin | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$35.9M
Fair Market Value
N/A
Net Worth
$35.9M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
2
Total Giving
$5.6M
Average Grant
$2.8M
Median Grant
$2.8M
Unique Recipients
1
Most Common Grant
$2.5M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Commonwealth FoundationsTO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION | Richmond, VA | $2.5M | 2022 |