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- EIN 23-7037968
- (203) 563-5000
- 15 Old Danbury Road Wilton CT 06897-2500 USA
- www.commonfund.org
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Nonprofit Overview
Causes: Financial Institutions, Nonprofit Management
Mission: Mission statementto enhance the financial resources of educational organizations (defined under section 170(b)(1)(a)(ii) and (iv) of the internal revenue code of 1986, as amended (the "irc") and to help them improve investment management practices. Commonfund pursues its mission through the delivery of (1) investment programs designed to generate long-term superior investment performance; (2) insight and educational programs that promote the sharing of best practices for nonprofits; and (3) service based on an in-depth understanding of client needs. Commonfund believes that strong financial resources will serve as the underpinning that enables it to implement its mission.
Programs: The common fund for non-profit organizations ("commonfund") is a non-profit corporation, exempt under irc section 501(f), 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 irc section 501(f), commonfund is organized and operated solely to hold, commingle, and collectively invest and reinvest in stocks and securities, the money contributed by its member schools, and to collect income therefrom and turn over the entire amount thereof, less expenses, to its member schools.