Mission
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).
Public Charity
Fund for the Common Good
Based in FULTON, MD, Fund for the Common Good operates as a Public Charity. The organization reported $281K in revenue, $384K in expenses, $5.5M in total assets for fiscal year 2025. Imperigo tracks 8 reported grants from this foundation totaling approximately $28.6M.
EIN: 843726722
FULTON, MD
Private Grantmaking Foundations
NTEE: T20
Latest filing: 2025
Total Revenue$281K
Total Expenses$384K
Total Assets$5.5M
Grants Given8
Grant Total$28.6M
Filing Years2020–2025
Where $100 goes at Fund for the Common Good
How Fund for the Common Good divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.
$99
Programs
the work itself
$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $99 for programs
$99
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…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
Support local journalism
$11,000,000
Promote democratic leadership
$100,000
Support Local Journalism
$13,000,000
Support Local Journalism
$3,800,000
PROMOTING ECONOMIC GROWTH AND OPPORTUNITY, SOCIAL JUSTICE, ENVIRONMENTAL STEWARDSHIP, AND DEMOCROCY IN THE UNITED STATES OF AMERICA.
$250,000
Showing up to 5 of 8 total records — full history available with membership.
Officers & Directors
Director
Bradford Bainum
Assistant Secretary
David J Korotkin
Secretary/Treasurer
Mary C Acker
Driector
Matthew Bainum
Director
Sandra Bainum
President/Director
Stewart Bainum Jr
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $281K | $384K | $5.5M |
| 2024 | $962K | $11.1M | $5.7M |
| 2023 | $1.4M | $13.1M | $15.9M |
| 2022 | $-506K | $3.9M | $27.4M |
| 2020 | $31.5M | $674K | $32.6M |
Between 2020 and 2025, reported annual revenue declined from $31.5M to $281K (-99%), with total assets most recently reported at $5.5M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in DC, MD.
DCMD
Full geographic grant map with state-by-state breakdown available with membership.