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The Common Fund for Nonprofit Organizations
The Common Fund for Nonprofit Organizations reported $288.7 million in revenue and $40.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $100.00 went to program services, $0.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 89.2% of the total. The highest compensation it reported for one person was $3,900,145 (Trustee (ex-officio)). 51 people received more than $100,000 in reportable compensation. Revenue rose 5% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $40MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $289MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 100.0% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.0% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.8% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $3,900,145 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 9.73% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 51 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1,062.9 | 9.2 |
| Independent voting board members Part VI 1a–1b | 7 of 8 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe Common Fund for non-profit organizations ("commonfund") is a non-profit corporation, exempt under section 501(f) of the internal revenue code of 1986 as amended (the "code"), formed to enable colleges, universities and independent schools to join together in obtaining professional management of their endowments and long-term investment funds. Pursuant to section 501(f) of the code, commonfund is organized and operated solely to hold, commingle, and collectively invest and reinvest the money contributed by its member schools in stocks and securities to collect income therefrom and to turn…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Trustee (ex-officio) Director/trustee, 3.0 hrs/week | $0 | $3,599,780 | $300,365 | $3,900,145 |
| Secretary and Gen Counsel Officer, 40.0 hrs/week | $1,057,843 | $0 | $141,979 | $1,199,822 |
| Chief Financial Officer & COO Officer, 40.0 hrs/week | $1,021,443 | $0 | $141,979 | $1,163,422 |
| Chief Marketing Officer Highest compensated employee, 40.0 hrs/week | $586,963 | $0 | $102,935 | $689,898 |
| Chief Human Resources Officer Key employee, 40.0 hrs/week | $509,543 | $0 | $129,479 | $639,022 |
| Assistant Secretary Officer, 40.0 hrs/week | $525,547 | $0 | $91,979 | $617,526 |
| Managing Director Highest compensated employee, 40.0 hrs/week | $469,986 | $0 | $129,479 | $599,465 |
| Managing Director Highest compensated employee, 40.0 hrs/week | $433,379 | $0 | $104,479 | $537,858 |
51 people received more than $100,000 in reportable compensation from The Common Fund for Nonprofit Organizations (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 572
Correct a figure or respond
Every number above is copied from The Common Fund for Nonprofit Organizations's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Common Fund for Nonprofit Organizations, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Common Fund for Nonprofit Organizations spent in FY2025, $100.00 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of The Common Fund for Nonprofit Organizations's spending goes to programs?
In the fiscal year ending June 30, 2025, The Common Fund for Nonprofit Organizations reported that 100.0% of its $40.1 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Common Fund for Nonprofit Organizations pay its top executive?
The largest total compensation The Common Fund for Nonprofit Organizations reported for one person in the fiscal year ending June 30, 2025 was $3,900,145, for the role of Trustee (ex-officio) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Common Fund for Nonprofit Organizations get its money?
Of $288.7 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 1.8% from program service revenue (Form 990, Part VIII).
Is The Common Fund for Nonprofit Organizations a registered charity?
The IRS lists EIN 23-7037968 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621349349301517 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511349349312631 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421359349302507 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321329349304232 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221319349304577 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121339349301802 · read the filing
All filings for EIN 23-7037968: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.