TY 2023 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(1) MARK JP ANSON...................................................................... TRUSTEE (EX-OFFICIO)	3.0 ................. 37.0	X					0	3,583,490	290,032
(2) SHARAD SAMY...................................................................... SECRETARY & GEN COUNSEL	40.0 ................. 0.0		X				1,050,267	0	135,421
(3) DANA MOREAU...................................................................... CHIEF FINANCIAL OFFICER & COO	40.0 ................. 0.0		X				1,007,555	0	135,421
(4) ANTHONY IALEGGIO...................................................................... CHIEF MARKETING OFFICER	40.0 ................. 0.0				X		563,837	0	96,377
(5) ELAINE MIZER PAULSEN...................................................................... CHIEF HUMAN RESOURCES OFFICER	40.0 ................. 0.0			X			505,449	0	122,921
(6) SETH THOMSON...................................................................... ASSISTANT SECRETARY	40.0 ................. 0.0		X				519,421	0	85,421
(7) AMY P HARLACKER...................................................................... MANAGING DIRECTOR	40.0 ................. 0.0				X		426,889	0	122,921
(8) VIOLETTA CERASUOLO...................................................................... CHIEF COMPLIANCE OFFICER	40.0 ................. 0.0				X		505,261	0	28,121
(9) DAVID S YOUNG...................................................................... MANAGING DIRECTOR	40.0 ................. 0.0				X		427,331	0	97,921
(10) BRIAN RONDEAU...................................................................... CHIEF RISK OFFICER	40.0 ................. 0.0				X		406,101	0	85,421
(11) DOUGLAS T BREEDEN...................................................................... TRUSTEE(CHAIR)(UNTIL 12/31/23)	3.0 ................. 0.0	X					205,000	0	0
(12) MAMAK SHAHBAZI...................................................................... TRUSTEE, VICE CHAIR	3.0 ................. 1.0	X					167,500	25,000	0
(13) CELESTE R BARONE...................................................................... EVP & CFO (UNTIL 10/5/20)	0.0 ................. 0.0					X	0	177,782	0
(14) NICOLE S ARNABOLDI...................................................................... TRUSTEE	3.0 ................. 0.0	X					167,500	0	0
(15) DAVID A THOMAS...................................................................... TRUSTEE (CHAIR)(FROM 01/01/24)	3.0 ................. 0.0	X					167,500	0	0
(16) JESSICA H BRENNAN...................................................................... TRUSTEE	3.0 ................. 1.0	X					142,500	6,250	0
(17) MICHAEL J WARREN...................................................................... TRUSTEE	3.0 ................. 0.0	X					142,500	0	0

(A) Name and business address	(B) Description of services	(C) Compensation
STATE STREET BANK TRUST COMPANY, 1 CONGRESS STREET BOSTON,MA02124	INVESTMENT MGMT	2,112,082
MARSH USA INC, PO BOX 846015 DALLAS,TX752846015	INSURANCE BROKER	1,145,279
280 PARK REIT LLC, 280 PARK EVENUE NEW YORK,NY10017	NYC OFFICE LANDLORD	893,058
LOVETT INC, 87 SHIVERTOWN ROAD NEW PALTZ,NY12561	EVENT MANAGEMENT	857,447
INCOME RESEARCH AND MANAGEMENT, 115 FEDERAL STREET FLOOR 22 BOSTON,MA02110	INVESTMENT MGMT	647,318
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 39

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
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Attach to Form 990 or Form 990-EZ.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

THE COMMON FUND FOR NONPROFIT ORGANIZATIONS

Employer identification number

23-7037968

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ............................... 232

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iii) Type of organization (described on lines 1- 10 above (see instructions))	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN		Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(A) SEE SCHEDULE A - SUPPLEMENTAL INFORMATION	999999999	2		No	0	0
(B) SEE SCHEDULE A - SUPPLEMENTAL INFORMATION	999999999	5		No	0	0
Total 2					0	0

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2023

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..
6	Public support. Subtract line 5 from line 4.

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
7	Amounts from line 4..
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10

Gross receipts from related activities, etc. (see instructions) ..................

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2023 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2022 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2023. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2022. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2022. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990) 2023

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2023 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2022 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2023 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2022 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2023. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3 % support tests—2022. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2023

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Yes

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Yes

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Yes

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Yes

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Yes

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990) 2023

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Yes

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990) 2023

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2023

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2023 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2023	(iii) Distributable Amount for 2023
1 Distributable amount for 2023 from Section C, line 6
2 Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2023:
a From 2018.......
b From 2019.......
c From 2020.......
d From 2021.......
e From 2022.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2023 distributable amount
i Carryover from 2018 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2023 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2023 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2023, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2023. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2024. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2019.....
b Excess from 2020.....
c Excess from 2021.....
d Excess from 2022.....
e Excess from 2023.....

Schedule A (Form 990) (2023)

Schedule A (Form 990) 2023

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
SCHEDULE A, SUPPORTING ORGANIZATIONS	TYPE OF SUPPORT THE COMMON FUND FOR NON-PROFIT ORGANIZATIONS ("COMMONFUND") IS A NON-PROFIT CORPORATION, EXEMPT UNDER THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "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 THE 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.
SCHEDULE A, SUPPORTED ORGANIZATIONS	MEMBER INSTITUTIONS AS OF JUNE 30, 2024 ALL SOULS SCHOOL; AMERICAN COMMUNITY SCHOOL OF BEIRUT, LEBANON; ARBOR MONTESSORI SCHOOL; AUGSBURG UNIVERSITY; AUSTIN PEAY STATE UNIVERSITY; BALDWIN WALLACE UNIVERSITY; BETHUNE-COOKMAN UNIVERSITY; BISHOP DUNNE CATHOLIC SCHOOL INC.; BISHOP LYNCH HIGH SCHOOL; BLACKBURN COLLEGE; BRIDGTON ACADEMY; BROOME COMMUNITY COLLEGE FOUNDATION, INC.; BURGUNDY FARM COUNTRY DAY SCHOOL; C.S.U., FRESNO ASSOCIATION; CALIFORNIA BAPTIST UNIVERSITY; CALVIN CHRISTIAN SCHOOL OF ESCONDIDO; CANISIUS HIGH SCHOOL; CAPITOL TECHNOLOGY UNIVERSITY; CENTRAL OREGON COMMUNITY COLLEGE FDN.; CENTRAL TEXAS COLLEGE FOUNDATION; CHILDREN'S DAY SCHOOL, INC.; CLARION UNIVERSITY FOUNDATION, INC.; CLARKSON UNIVERSITY; COE COLLEGE; COLLEGE OF SAINT BENEDICT; COLLEGIATE SCHOOL; COLUMBIA COLLEGE; COMMONWEALTH UNIVERSITY OF PENNSYLVANIA; COMMUNITY COLLEGE OF PHILADELPHIA; COMMUNITY DAY NURSERY; COMMUNITY GOVERNMENT ASSOCIATION OF BLOOMSBURG UNIVERSITY, INC.; CONNECTICUT STATE COLLEGES & UNIVERSITIES FOUNDATION INC; COUNTY COLLEGE OF MORRIS FOUNDATION; DBA CATHOLIC MEMORIAL SCHOOL; DE LA SALLE ACADEMY; DE LA SALLE INSTITUTE; DELAWARE COUNTY COMMUNITY COLLEGE; DELAWARE VALLEY FRIENDS SCHOOL; DUBLIN SCHOOL, INC.; DUKE SCHOOL; EASTERN WASHINGTON UNIVERSITY; EDINBORO UNIVERSITY FOUNDATION; ELMHURST UNIVERSITY; EPISCOPAL SCHOOL; FDN FOR THE UNIVERSITY OF THE VIRGIN ISLANDS, INC.; FERRUM COLLEGE; FIRST PRESBYTERIAN NURSERY SCHOOL OF NEW CANAAN; FLORIDA STATE COLLEGE AT JACKSONVILLE FDN., INC.; FRAMINGHAM STATE UNIVERSITY; FRANCIS PARKER SCHOOL OF LOUISVILLE; FRIENDS ACADEMY; FRIENDS' CENTRAL SCHOOL CORP. PA; FRIENDS' SCHOOL, INC.; GATEWAY SEMINARY OF THE SOUTHERN BAPTIST CONVENTION; GERMANTOWN FRIENDS SCHOOL; GOLDEN GATE KINDERGARTEN ASSOCIATION; GOOD SHEPHERD EPISCOPAL SCHOOL; GROVE CITY COLLEGE; GULF STREAM SCHOOL; HAMPTON UNIVERSITY; HARDING ACADEMY; HARTWICK COLLEGE; HIGHLAND COMMUNITY COLLEGE FOUNDATION, IL; HOLMES COMMUNITY COLLEGE; HOLY TRINITY EPISCOPAL DAY SCHOOL; HOOD COLLEGE OF FREDERICK, MARYLAND; HUSSON UNIVERSITY; ILLINOIS CENTRAL COLLEGE EDUCATIONAL FOUNDATION; ILLINOIS STATE UNIVERSITY FOUNDATION; INDIANA UNIVERSITY OF PENNSYLVANIA; IONA UNIVERSITY; ITAWAMBA COMMUNITY COLLEGE; JCTC FOUNDATION, INC; KANSAS CITY ART INSTITUTE; KCTCS, BIG SANDY COLLEGE EDUCATIONAL FOUNDATION; KCTCS, COM & TECH COLLEGE FND OF ASHLAND,INC.; KCTCS, HOPKINSVILLE COMMUNITY COLLEGE FDN,INC.; KCTCS, KENTUCKY COMM. & TECH. COLLEGE SYS. FDN.; KCTCS, KENTUCKY COMM. & TECH. COLLEGE SYSTEM; KCTCS, OWENSBORO COMM. & TECH. COLLEGE FDN., INC.; KCTCS, PADUCAH JUNIOR COLLEGE INC.; KCTCS, SOUTHCENTRAL KENTUCKY COMMUNITY & TECHNICAL COLLEGE FDN.; KEENE SCHOOL DISTRICT; KENTS HILL SCHOOL; KENTUCKY CHRISTIAN UNIVERSITY; KEYSTONE SCHOOL; KUYPER COLLEGE; LABOURE COLLEGE; LAGUNA COLLEGE OF ART & DESIGN; LAMAR UNIVERSITY FOUNDATION, INC.; LAWRENCE UNIVERSITY; LEE COLLEGE FOUNDATION; LOGOS EVANGELICAL SEMINARY; LOMA LINDA UNIVERSITY; LOUISVILLE COLLEGIATE SCHOOL; MANSFIELD UNIVERSITY FOUNDATION; MARYMOUNT HIGH SCHOOL; MASSACHUSETTS SCHOOL OF LAW; MEDICAL COLLEGE OF VIRGINIA FOUNDATION, INC.; MERCERSBURG ACADEMY; MERIDIAN COMMUNITY COLLEGE FOUNDATION; METHODIST THEOLOGICAL SCHOOL; MICHIGAN TECHNOLOGICAL UNIVERSITY; MILLERSVILLE UNIVERSITY OF PA; MINNEAPOLIS COLLEGE OF ART AND DESIGN; MISSISSIPPI COLLEGE; MONMOUTH UNIVERSITY; MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION; MOUNT WACHUSETT COMMUNITY COLLEGE FDN., INC.; NARDIN ACADEMY; NORTH ARKANSAS COLLEGE FOUNDATION INC.; NORTH CENTRAL MISSOURI COLLEGE FOUNDATION, INC.; NORTH IDAHO COLLEGE FOUNDATION; NORTHAMPTON COUNTY AREA COMMUNITY COLLEGE FDN.; NORTHEASTERN STATE UNIVERSITY FOUNDATION, INC.; NORTHERN ILLINOIS UNIVERSITY FOUNDATION; NORTHERN OKLAHOMA COLLEGE FOUNDATION; NORTHERN STATE UNIVERSITY FOUNDATION; NORTHWESTERN COLLEGE; NORTHWOOD UNIVERSITY; NORWALK COMMUNITY COLLEGE FOUNDATION, INC.; NORWICH UNIVERSITY; OAK HILL SCHOOL; OAKLAND UNIVERSITY; OAKWOOD STEWARDSHIP, LLC; OAKWOOD UNIVERSITY; OGLETHORPE UNIVERSITY, INC.; OJAI VALLEY SCHOOL; OKLAHOMA BAPTIST UNIVERSITY; OKLAHOMA CHRISTIAN UNIVERSITY, INC.; OLD DOMINION UNIVERSITY; OLD DOMINION UNIVERSITY RESEARCH FOUNDATION; OLDFIELDS SCHOOL, INC.; OREGON STATE UNIVERSITY FOUNDATION; OSWEGO COLLEGE FOUNDATION, INC.; OTTAWA UNIVERSITY; OUT-OF-DOOR ACADEMY OF SARASOTA, INC.; PALMER TRINITY PRIVATE SCHOOL, INC.; PAUL PUBLIC CHARTER SCHOOL, INC.; PELLISSIPPI STATE COMMUNITY COLLEGE FDN.; PINEY WOODS COUNTRY LIFE SCHOOL; POLYTECHNIC UNIVERSITY OF PUERTO RICO; POUGHKEEPSIE DAY SCHOOL; PRATT INSTITUTE; PUTNAM INDIAN FIELD SCHOOL; REHOBOTH CHRISTIAN SCHOOL; RIVERVIEW SCHOOL; RIVIER UNIVERSITY; ROBERT F. KENNEDY COMMUNITY ALLIANCE, INC.; ROCHESTER INSTITUTE OF TECHNOLOGY; ROHAN WOODS SCHOOL; ROSE STATE COLLEGE FOUNDATION; RUST COLLEGE; SAINT JOHN'S UNIVERSITY; SALEM COMMUNITY COLLEGE FOUNDATION; SANTA CLARA UNIVERSITY; SARAH LAWRENCE COLLEGE; SAUK VALLEY COLLEGE FOUNDATION; SCHOOL YEAR ABROAD, INC.; SHIPPENSBURG UNIVERSITY FOUNDATION; SIENA HEIGHTS UNIVERSITY; SLIPPERY ROCK UNIVERSITY ALUMNI ASSN.; SOUTH TEXAS COLLEGE OF LAW HOUSTON, INC.; SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION; SOUTHERN METHODIST UNIVERSITY; SOUTHERN NAZARENE UNIVERSITY; SOUTHERN WESLEYAN UNIVERSITY; SOUTHWESTERN UNIVERSITY; SPRINGSIDE CHESTNUT HILL ACADEMY; ST. ANDREW'S EPISCOPAL SCHOOL, INC.; ST. ANDREW'S SCHOOL OF DELAWARE, INC.; ST. BEDE ACADEMY; ST. EDWARD'S UNIVERSITY; ST. JAMES' SCHOOL; ST. JOHN FISHER UNIVERSITY; ST. JOHN'S COUNTRY DAY SCHOOL; ST. LUKE'S FOUNDATION, INC.; ST. MATTHEW'S EPISCOPAL DAY SCHOOL; STATEN ISLAND ACADEMY; TALLULAH FALLS SCHOOL, INC.; TEMPLE UNIVERSITY; TENACRE COUNTRY DAY SCHOOL; TENNESSEE TECHNOLOGICAL UNIVERSITY FOUNDATION; THAYER ACADEMY; THE AGNES IRWIN SCHOOL; THE BALDWIN SCHOOL; THE COBB SCHOOL MONTESSORI; THE ELISABETH MORROW SCHOOL; THE FOUNDATION FOR FLORIDA GATEWAY COLLEGE, INC.; THE GENESEO FOUNDATION, INC.; THE GREEN VALE SCHOOL; THE GREGORY SCHOOL; THE HARVEY SCHOOL; THE HILL CENTER; THE JOHN COOPER SCHOOL; THE LAB SCHOOL OF WASHINGTON; THE LEFFELL SCHOOL; THE ORDER OF ST. BENEDICT OF NEW JERSEY D/B/A DELBARTON SCHOOL; THE POTOMAC SCHOOL; THE TRUSTEES OF THE CUSHING ACADEMY; THE UNIVERSITY OF MONTANA FOUNDATION; THE URSULINE ACADEMY OF DALLAS, INC.; THE VANGUARD SCHOOL OF LAKE WALES; THE WINSTON SCHOOL; THE WOLF PACK ENDOWMENT FUND, INC. DBA AAUN; TRINITY EPISCOPAL SCHOOL, LA; TRUSTEES OF MOUNT HOLYOKE COLLEGE; UNIVERSITY OF LYNCHBURG; UNIVERSITY OF MAINE SYSTEM; UNIVERSITY OF MARY HARDIN-BAYLOR; UNIVERSITY OF MARYLAND LAW SCHOOL - WPT; UNIVERSITY OF NEVADA, RENO FOUNDATION; UNIVERSITY OF SOUTH ALABAMA; UNIVERSITY OF SOUTH ALABAMA FOUNDATION; UNIVERSITY OF TENNESSEE RESEARCH FOUNDATION; UNIVERSITY OF VERMONT; UNIVERSITY OF WASHINGTON PULP & PAPER FDN; UNIVERSITY OF WISCONSIN, PAPER SCIENCE FDN; URSINUS COLLEGE; UTAH STATE UNIVERSITY; VALLEY FORGE EDUCATIONAL SERVICES; VASSAR COLLEGE; VAUGHN COLLEGE OF AERONAUTICS AND TECHNOLOGY; VILLANOVA PREPARATORY SCHOOL; VISITATION SCHOOL; WASHTENAW COMMUNITY COLLEGE FOUNDATION; WAYLAND ACADEMY; WEBER STATE UNIVERSITY; WESTMINSTER COLLEGE; WESTOVER SCHOOL, INCORPORATED; WIDENER UNIVERSITY; WILMINGTON FRIENDS SCHOOL;
SCHEDULE A, PART IV, SECTION A, LINE 1	ARE MEMBERS LISTED BY NAME IN THE ORGANIZATION'S GOVERNING DOCUMENTS THE MEMBERS OF COMMONFUND ARE NOT LISTED BY NAME IN THE ORGANIZATION'S GOVERNING DOCUMENTS. RATHER, MEMBERSHIP IS LIMITED TO EDUCATIONAL INSTITUTIONS DESCRIBED IN SECTION 170(B)(1)(A)(II) OF THE CODE AND EDUCATIONAL SUPPORT ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A)(IV) OF THE CODE, WHO BECOME MEMBERS OF COMMONFUND IF AND WHEN THEY INVEST IN COMMONFUND FUNDS.
SCHEDULE A, PART IV, SECTION A, LINE 4B	DID THE ORGANIZATION HAVE ULTIMATE CONTROL AND DISCRETION IN GRANTS TO FOREIGN SUPPORTED ORGANIZATIONS ALTHOUGH COMMONFUND HAS ULTIMATE CONTROL AND DISCRETION IN DECIDING WHETHER TO MAKE GRANTS TO FOREIGN SUPPORTED ORGANIZATIONS, IT DID NOT MAKE ANY GRANTS TO ANY FOREIGN SUPPORTED ORGANIZATIONS.
SCHEDULE A, PART IV, SECTION A, LINES 5A, 5B AND 5C	DID THE ORGANIZATION ADD, SUBSTITUTE OR REMOVE ANY SUPPORTED ORGANIZATIONS; WAS ANY ADDED OR SUBSTITUTED ORGANIZATION PART OF A CLASS ALREADY DESIGNATED; AND WAS THE SUBSTITUTION THE RESULT OF AN EVENT BEYOND THE ORGANIZATION'S CONTROL AS NOTED ABOVE, MEMBERSHIP IN COMMONFUND IS LIMITED TO EDUCATIONAL INSTITUTIONS DESCRIBED IN SECTION 170(B)(1)(A)(II) OF THE CODE AND EDUCATIONAL SUPPORT ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A)(IV) OF THE CODE, WHO BECOME MEMBERS OF COMMONFUND IF AND WHEN THEY INVEST IN COMMONFUND FUNDS. AS A MEMBER'S OR POTENTIAL MEMBER'S DECISION WHETHER TO INVEST IN FUNDS CURRENTLY BEING OFFERED BY COMMONFUND IS NOT A DECISION THAT IS MADE BY COMMONFUND, COMMONFUND DOES NOT ADD, SUBSTITUTE OR REMOVE SUPPORTED ORGANIZATIONS. ALTHOUGH MEMBERS ARE ENTITLED TO VOTE ON MATTERS PROPERLY BROUGHT BEFORE THEM AND EACH MEMBER IS ENTITLED TO ONE VOTE REGARDLESS OF THE AMOUNT INVESTED, MEMBERS DO NOT HOLD SHARES OR CLASSES OF SHARES IN THE COMMONFUND.

Schedule A (Form 990) 2023

Additional Data

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SCHEDULE C
(Form 990)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

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Complete if the organization is described below. right arrow

Attach to Form 990 or Form 990-EZ.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
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Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
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Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
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Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
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Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
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Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
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Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

THE COMMON FUND FOR NONPROFIT ORGANIZATIONS

Employer identification number

23-7037968

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

Political campaign activity expenditures. See instructions .................................................................... right arrow

Volunteer hours for political campaign activities. See instructions ..................................................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ................................ right arrow

Enter the amount of any excise tax incurred by organization managers under section 4955 ....................... right arrow

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................

Yes No

Was a correction made? ......................................................................................................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c), except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... right arrow

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................ right arrow

Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b........... right arrow

Did the filing organization file Form 1120-POL for this year? ...................................................................

Yes No

Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

For Paperwork Reduction Act Notice, see the instructions for Form 990.

Cat. No. 50084S

Schedule C (Form 990) 2022

Page 2

Part II-A

Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).

A Check right arrow

if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check right arrow

if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(a) Filing organization's totals	(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ........................
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................
d	Other exempt purpose expenditures ...............................................................................	37,541,419
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................	37,541,419
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.	1,000,000
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................	250,000
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................		Yes No

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) Total

2a	Lobbying nontaxable amount	1,000,000	1,000,000	1,000,000	1,000,000	4,000,000

b	Lobbying ceiling amount (150% of line 2a, column(e))					6,000,000

c	Total lobbying expenditures	0	0	0	0	0

d	Grassroots nontaxable amount	250,000	250,000	250,000	250,000	1,000,000

e	Grassroots ceiling amount (150% of line 2d, column (e))					1,500,000

f	Grassroots lobbying expenditures

Schedule C (Form 990) 2022

Page 3

Part II-B

Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).

For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.

(a)

Yes|No

(b)

Amount

During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:

Volunteers? ...........................................................................................................

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........

Media advertisements? ...................................................................................................

Mailings to members, legislators, or the public? .............................................................................

Publications, or published or broadcast statements? ...........................................................

Grants to other organizations for lobbying purposes? ..........................................................

Direct contact with legislators, their staffs, government officials, or a legislative body? .......................

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................

Other activities? ...................................................................................................................

Total. Add lines 1c through 1i ....................................................................................................

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 ...........................................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................

If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................

Part III-A

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).

Yes

Were substantially all (90% or more) dues received nondeductible by members? ...............................................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................

Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................

Part III-B

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."

Dues, assessments and similar amounts from members ......................................................................

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).

Current year .............................................................................................................................

Carryover from last year ............................................................................................................

Total ...........................................................................................................................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................

Taxable amount of lobbying and political expenditures. See Instructions .........................................

Part IV

Supplemental Information

Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.

Return Reference	Explanation
SCHEDULE C, PART II-A	LOBBYING ACTIVITIES THE COMMON FUND FOR NONPROFIT ORGANIZATIONS ("COMMONFUND") CONTINUES TO MAINTAIN ITS ELECTION UNDER SECTION 501(H) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. DURING THE TAX YEAR ENDED JUNE 30, 2024, COMMONFUND DID NOT ATTEMPT TO INFLUENCE NATIONAL, STATE, OR LOCAL LEGISLATION INCLUDING ANY ATTEMPT TO INFLUENCE PUBLIC OPINION ON A LEGISLATIVE MATTER OR REFERENDUM. COMMONFUND DID NOT INCUR ANY EXPENSES IN CONNECTION WITH LOBBYING ACTIVITIES.

Return Reference

Explanation

SCHEDULE C, PART II-A

LOBBYING ACTIVITIES THE COMMON FUND FOR NONPROFIT ORGANIZATIONS ("COMMONFUND") CONTINUES TO MAINTAIN ITS ELECTION UNDER SECTION 501(H) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. DURING THE TAX YEAR ENDED JUNE 30, 2024, COMMONFUND DID NOT ATTEMPT TO INFLUENCE NATIONAL, STATE, OR LOCAL LEGISLATION INCLUDING ANY ATTEMPT TO INFLUENCE PUBLIC OPINION ON A LEGISLATIVE MATTER OR REFERENDUM. COMMONFUND DID NOT INCUR ANY EXPENSES IN CONNECTION WITH LOBBYING ACTIVITIES.

Schedule C (Form 990) 2022

Additional Data

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Software Version:

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SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
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Attach to Form 990.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

THE COMMON FUND FOR NONPROFIT ORGANIZATIONS

Employer identification number

23-7037968

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow

Number of states where property subject to conservation easement is located right arrow

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
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Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
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Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... right arrow

(ii)

Assets included in Form 990, Part X ............................... right arrow

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... right arrow

Assets included in Form 990, Part X ............................... right arrow

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2022

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment right arrow

Permanent endowment right arrow

Term endowment right arrow

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....
c	Leasehold improvements
d	Equipment ....	2,366,341	2,039,284	327,057
e	Other .....	0	0	0
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				327,057

Schedule D (Form 990) 2022

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) INVESTMENTS AT VALUE	3,393,394,462	F
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	3,393,394,462

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes	0
LEASE RIGHT OF USE LIABILITIES	1,565,027








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	1,565,027
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2022

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	138,670,293
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	276,534,279
b	Donated services and use of facilities .........	2b	0
c	Recoveries of prior year grants ...........	2c	0
d	Other (Describe in Part XIII.) ...........	2d	109,669,137
e	Add lines 2a through 2d .....................			2e	386,203,416
3	Subtract line 2e from line 1..................			3	-247,533,123
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a	0
b	Other (Describe in Part XIII.) ...........	4b	421,158,116
c	Add lines 4a and 4b....................			4c	421,158,116
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	173,624,993

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	139,640,998
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a	0
b	Prior year adjustments ............	2b	0
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ...........	2d	110,171,633
e	Add lines 2a through 2d....................			2e	110,171,633
3	Subtract line 2e from line 1...................			3	29,469,365
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ...........	4b	8,072,054
c	Add lines 4a and 4b.....................			4c	8,072,054
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	37,541,419

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
SCHEDULE D, PART X, LINE 2	FIN 48 DISCLOSURE THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTIONS 501(C)(3) AND 501(F) OF THE INTERNAL REVENUE CODE. CERTAIN COMMONFUND SUBSIDIARIES ARE SUBJECT TO FEDERAL, STATE AND LOCAL INCOME TAXES. INCOME TAXES FOR THOSE SUBSIDIARIES ARE RECORDED UNDER THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS PROVIDES THAT A TAX BENEFIT FROM AN UNCERTAIN POSITION MAY BE RECOGNIZED WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. INCOME TAX POSITIONS MUST MEET A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AS OF THE EFFECTIVE DATE TO BE RECOGNIZED UPON THE ADOPTION IN SUBSEQUENT PERIODS. THIS INTERPRETATION ALSO PROVIDES GUIDANCE ON MEASUREMENT, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING FOR INTERIM PERIODS, DISCLOSURE AND TRANSITION. COMMONFUND'S POLICY IS TO ACCRUE INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS AS OTHER EXPENSES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS, AND THE CORRESPONDING LIABILITY IN ACCOUNTS PAYABLE AND ACCRUED EXPENSES, IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	RELATED ORGS AND SUBSIDIARIES 109,669,137
PART XI, LINE 4B - OTHER ADJUSTMENTS:	ENDOWMENT FUND INCOME 421,158,116
PART XII, LINE 2D - OTHER ADJUSTMENTS:	RELATED ORGANIZATIONS AND SUBSIDIARIES EXPENSES 110,171,633
PART XII, LINE 4B - OTHER ADJUSTMENTS:	ENDOWMENT FUND EXPENSES 8,072,054

Schedule D (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right arrow

Attach to Form 990. Right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

Name of the organization
THE COMMON FUND FOR NONPROFIT ORGANIZATIONS

Employer identification number

23-7037968

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(e) If activity listed in (d) is a program service, describe specific type of service(s) in the region	(f) Total expenditures for and investments in the region
	Central America and the Caribbean		Investments		613,317,989
	Europe (Including Iceland and Greenland)		Investments		27,020,781
	North America		Investments		10,504,023
	South America		Investments		5,403,934
	South Asia		Investments		2,709,526
	East Asia and the Pacific		Investments		3,325,448
	Middle East and North Africa		Investments		1,055,594
	Russia and the Newly Independent States		Investments		1,116,652
	South Asia	1	Program Services	Software	438,200
	South America	1	Program Services	Software & Events	16,250
	North America	2	Program Services	Software & Events	14,911
	Europe (Including Iceland and Greenland)	3	Program Services	Software & Events	6,660





3a	Sub-total ....	7			664,929,968
b	Total from continuation sheets to Part I ...
c	Totals (add lines 3a and 3b)	7			664,929,968

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2023

Schedule F (Form 990) 2023

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

1 (a) Name of organization		(b) IRS code section and EIN (if applicable)	(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of noncash assistance	(h) Description of noncash assistance	(i) Method of valuation (book, FMV, appraisal, other)

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......
3	Enter total number of other organizations or entities .......................

Schedule F (Form 990) 2023

Schedule F (Form 990) 2023Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance		(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement	(f) Amount of noncash assistance	(g) Description of noncash assistance	(h) Method of valuation (book, FMV, appraisal, other)

Schedule F (Form 990) 2023

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2023

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.

ReturnReference	Explanation

Schedule F (Form 990) 2023

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic

Attach to Form 990.
medium right arrow graphic

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

Name of the organization

THE COMMON FUND FOR NONPROFIT ORGANIZATIONS

Employer identification number

23-7037968

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

Yes

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2023

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1MARK JP ANSON TRUSTEE (EX-OFFICIO)	(i) (ii)	0 ------------- 986,823	0 ------------- 2,596,667	0 ------------- 0	0 ------------- 269,800	0 ------------- 20,232	0 ------------- 3,873,522	0 ------------- 0
2SHARAD SAMY SECRETARY & GEN COUNSEL	(i) (ii)	380,267 ------------- 0	670,000 ------------- 0	0 ------------- 0	107,300 ------------- 0	28,121 ------------- 0	1,185,688 ------------- 0	0 ------------- 0
3CELESTE R BARONE EVP & CFO (UNTIL 10/5/20)	(i) (ii)	0 ------------- 0	0 ------------- 177,782	0 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 177,782	0 ------------- 0
4DANA MOREAU CHIEF FINANCIAL OFFICER & COO	(i) (ii)	357,555 ------------- 0	650,000 ------------- 0	0 ------------- 0	107,300 ------------- 0	28,121 ------------- 0	1,142,976 ------------- 0	0 ------------- 0
5ANTHONY IALEGGIO CHIEF MARKETING OFFICER	(i) (ii)	288,837 ------------- 0	275,000 ------------- 0	0 ------------- 0	69,800 ------------- 0	26,577 ------------- 0	660,214 ------------- 0	0 ------------- 0
6SETH THOMSON ASSISTANT SECRETARY	(i) (ii)	234,421 ------------- 0	285,000 ------------- 0	0 ------------- 0	57,300 ------------- 0	28,121 ------------- 0	604,842 ------------- 0	0 ------------- 0
7ELAINE MIZER PAULSEN CHIEF HUMAN RESOURCES OFFICER	(i) (ii)	285,449 ------------- 0	220,000 ------------- 0	0 ------------- 0	94,800 ------------- 0	28,121 ------------- 0	628,370 ------------- 0	0 ------------- 0
8DAVID S YOUNG MANAGING DIRECTOR	(i) (ii)	227,331 ------------- 0	200,000 ------------- 0	0 ------------- 0	69,800 ------------- 0	28,121 ------------- 0	525,252 ------------- 0	0 ------------- 0
9AMY P HARLACKER MANAGING DIRECTOR	(i) (ii)	226,889 ------------- 0	200,000 ------------- 0	0 ------------- 0	94,800 ------------- 0	28,121 ------------- 0	549,810 ------------- 0	0 ------------- 0
10VIOLETTA CERASUOLO CHIEF COMPLIANCE OFFICER	(i) (ii)	207,338 ------------- 0	297,923 ------------- 0	0 ------------- 0	0 ------------- 0	28,121 ------------- 0	533,382 ------------- 0	0 ------------- 0
11BRIAN RONDEAU CHIEF RISK OFFICER	(i) (ii)	231,101 ------------- 0	175,000 ------------- 0	0 ------------- 0	57,300 ------------- 0	28,121 ------------- 0	491,522 ------------- 0	0 ------------- 0
12DOUGLAS T BREEDEN TRUSTEE(CHAIR)(UNTIL 12/31/23)	(i) (ii)	205,000 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	205,000 ------------- 0	0 ------------- 0
13NICOLE S ARNABOLDI TRUSTEE	(i) (ii)	167,500 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	167,500 ------------- 0	0 ------------- 0
14MAMAK SHAHBAZI TRUSTEE, VICE CHAIR	(i) (ii)	167,500 ------------- 25,000	0 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	167,500 ------------- 25,000	0 ------------- 0
15DAVID A THOMAS TRUSTEE (CHAIR)(FROM 01/01/24)	(i) (ii)	167,500 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	0 ------------- 0	167,500 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2023

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
SCHEDULE J, PART I, LINE 4B:	IN AUGUST 2022, THE BOARD OF TRUSTEES FOR THE COMMON FUND FOR NONPROFIT ORGANIZATIONS APPROVED LONG TERM INCENTIVE PAY AWARDS OF $2.8 MILLION TO CERTAIN EMPLOYEES. PAYMENT OF AWARDS (PLUS INTEREST) IS EXPECTED OVER SEVERAL YEARS STARTING AUGUST 2026 AND CONTINUING THROUGH AUGUST 2029. THE MAJORITY OF OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES REPORTED IN PART II FOR 2023 WERE GRANTED AWARDS. 25% OF LONG TERM INCENTIVE PAY AWARDS ARE INCLUDED AS ESTIMATED PRO-RATA COMPENSATION WITH AMOUNTS REPORTED IN FORM 990, SCHEDULE J, PART II, COLUMN (C).
SCHEDULE J, PART I, LINE 4C:	CELESTE BARONE RECEIVED CARRIED INTEREST INCENTIVE AWARDS FROM A FOR-PROFIT RELATED ORGANIZATION AND ITS RELATED PARTNERSHIPS. THESE AWARDS ARE BASED ON THE EQUITY OF CERTAIN PARTNERSHIPS FOR WHICH THE RELATED ORGANIZATION SERVES DIRECTLY OR INDIRECTLY AS GENERAL PARTNER. MS. BARONE RECEIVED CARRIED INTEREST AWARDS FROM PARTNERSHIPS AS REPORTED ON FORM 1065, SCHEDULE K-1, WITH THE AMOUNT BEING $177,782. THE RELATED ORGANIZATION AND PARTNERSHIPS REFERENCED ABOVE ARE LISTED ON FORM 990, SCHEDULE R, PART III AND IV. THE CARRIED INTEREST ARRANGEMENT RELATING TO EACH SUCH AWARD IS FOR FAIR VALUE AND WAS NEGOTIATED AT ARM'S LENGTH FOR THE SERVICES PROVIDED BY MS. BARONE TO THE RELATED ORGANIZATION REFERENCED PARTNERSHIPS, AND EACH REFERENCED PARTNERSHIP AND THE RELATED ORGANIZATION HAD AVAILABLE FUNDS TO PAY THE CARRIED INTEREST. ALL FUNDING FOR THESE CARRIED INTEREST AWARDS HAVE BEEN MADE BY THE RELATED ORGANIZATION OR A REFERENCED PARTNERSHIP AND NO FUNDING FOR SUCH AWARDS WAS CONTRIBUTED BY THE COMMON FUND FOR NONPROFIT ORGANIZATIONS.
SCHEDULE J, PART I, LINE 7	THE COMMONFUND FOR NONPROFIT ORGANIZATIONS PROVIDES DISCRETIONARY BONUSES TO THE OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES REPORTED ON SCHEDULE J, PART II.
SCHEDULE J, PART I	COMPENSATION PROGRAM COMMONFUND'S COMPENSATION PROGRAM CONSISTS OF FOUR PARTS: (1) SALARIES, (2) ANNUAL CASH BONUSES, (3) INCENTIVE COMPENSATION AND (4) HEALTH, RETIREMENT AND OTHER BENEFITS. ALL EMPLOYEES ARE ELIGIBLE FOR AN ANNUAL CASH BONUS THAT IS BASED ON ACHIEVING SPECIFIC PERFORMANCE AND OPERATIONAL GOALS DURING THE YEAR. IN ADDITION, CERTAIN EXECUTIVES PARTICIPATE IN THE INCENTIVE COMPENSATION PLANS THAT ARE DESIGNED TO REWARD PERFORMANCE ACROSS MULTIPLE-YEAR PERIODS. SUCH AWARDS WHEN EARNED AND PAID ARE INCLUDED IN REPORTABLE COMPENSATION.

Schedule J (Form 990) 2023

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

Name of the organization

THE COMMON FUND FOR NONPROFIT ORGANIZATIONS

Employer identification number

23-7037968

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... $

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No




Total ............... $

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990) 2023

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) CF HOLDING CO SUBS	COMMON OFFICER		SEE PART V

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference

Explanation

SCHEDULE L, PART IV, BUSINESS TRANSACTIONS WITH INTERESTED PERSONS

TRANSFER PRICING AGREEMENT THE COMMON FUND FOR NONPROFIT ORGANIZATIONS ("COMMONFUND") IS A NONPROFIT MEMBERSHIP CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF NEW YORK. COMMONFUND HAS AFFILIATIONS WITH COMMONFUND HOLDING COMPANY, INC. AND SUBSIDIARIES (COMMONFUND AND COMMONFUND HOLDINGS COMPANY, INC. AND SUBSIDIARIES COLLECTIVELY "COMMONFUND GROUP"). COMMONFUND GROUP HAS A MASTER INTERCOMPANY AGREEMENT THAT PROVIDES FOR INVESTMENT ADVISORY AND DISTRIBUTION SERVICE ARRANGEMENTS AMONGST THE GROUP, FACILITIES SHARING AND SUPPORT SERVICES BY COMMONFUND. THE INTERCOMPANY AGREEMENT ALSO PROVIDES FOR THE ARM'S LENGTH CHARGE FOR THE ALLOCATION OF REVENUE AND COST (PURSUANT TO SECTION 482 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED AND REGULATIONS THEREUNDER) AMONG THE COMPANIES IN THE COMMONFUND GROUP.

Schedule L (Form 990) 2023

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

THE COMMON FUND FOR NONPROFIT ORGANIZATIONS

Employer identification number

23-7037968

Return Reference	Explanation
FORM 990, PART III, LINE 1	MISSION STATEMENT TO 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 ROGRAMS 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.
FORM 990, PART VI, SECTION A, LINE 1	INDEPENDENT VOTING MEMBERS OF GOVERNING BODY NO MEMBERS OF THE BOARD OF TRUSTEES OF COMMONFUND OTHER THAN THE PRESIDENT OF COMMONFUND HOLDING COMPANY, INC. (THE "PRESIDENT") - WHO IS A MEMBER OF THE BOARD EX OFFICIO - ARE MEMBERS OF MANAGEMENT AND ALL MEMBERS OF THE BOARD ARE NOMINATED BY THE BOARD'S GOVERNANCE COMMITTEE, WHICH DOES NOT INCLUDE ANY MEMBERS OF MANAGEMENT. THE PRESIDENT IS A VOTING MEMBER OF THE BOARD, BUT IS NOT PERMITTED TO SERVE ON THE BOARD'S AUDIT & RISK MANAGEMENT COMMITTEE, THE GOVERNANCE COMMITTEE, OR THE COMPENSATION COMMITTEE (ALTHOUGH THE PRESIDENT IS CONSULTED ON COMPENSATION MATTERS FOR OTHER ADMINISTRATIVE OFFICERS AND SUCH ADDITIONAL SENIOR EXECUTIVES AS THE COMPENSATION COMMITTEE DEEMS APPROPRIATE). IT HAS HISTORICALLY BEEN THE CASE THAT NO MEMBER OF COMMONFUND GROUP'S MANAGEMENT (OTHER THAN THE PRESIDENT) HAS SERVED AS A TRUSTEE WHILE SO EMPLOYED. IT IS ALSO THE BOARD'S POLICY THAT NO MEMBER OF MANAGEMENT SERVES ON ANY OF ITS COMMITTEES, OTHER THAN THE PRESIDENT IN HIS OR HER ROLE AS A MEMBER OF THE EXECUTIVE COMMITTEE. THE GOVERNANCE COMMITTEE ESTABLISHES STANDARDS OF INDEPENDENCE THAT PREVENT TRUSTEES FROM SERVING ON THE AUDIT AND RISK MANAGEMENT COMMITTEE IF THEY HAVE ANY MATERIAL RELATIONSHIP WITH COMMONFUND AND ITS OPERATING SUBSIDIARIES AND AFFILIATES (TOGETHER WITH COMMONFUND, THE "COMMONFUND GROUP"); THE EXECUTIVE COMMITTEE ESTABLISHES SUCH STANDARDS FOR THE GOVERNANCE COMMITTEE.
FORM 990, PART VI, SECTION A, LINE 2	MAMAK SHAHBAZI, MARK ANSON, DANA MOREAU, SHARAD SAMY, SETH THOMSON, JESSICA H. BRENNAN, AND KENT D. DANIEL HAVE A BUSINESS RELATIONSHIP WITH RESPECT TO THEIR OBLIGATIONS OF COMMONFUND SUBSIDIARY ORGANIZATIONS.
FORM 990, PART VI, SECTION A, LINE 6	ELECTION OF THE GOVERNING BODY COMMONFUND IS GOVERNED BY A BOARD OF TRUSTEES, WHOSE MEMBERS ARE ELECTED BY COMMONFUND'S MEMBER EDUCATIONAL INSTITUTIONS (ONE MEMBER, ONE VOTE) AT COMMONFUND'S ANNUAL MEETING (GENERALLY HELD IN DECEMBER OF EACH CALENDAR YEAR). NOMINATIONS OF CANDIDATES TO BE ELECTED AS MEMBERS OF COMMONFUND'S BOARD OF TRUSTEES ARE MADE BY THE BOARD'S GOVERNANCE COMMITTEE. MEMBERS OF THE GOVERNANCE COMMITTEE ARE INDEPENDENT OF MANAGEMENT, AND NO TRUSTEE MAY SERVE ON THE GOVERNANCE COMMITTEE FOR MORE THAN FOUR CONSECUTIVE YEARS WITHOUT INTERRUPTION OF AT LEAST ONE YEAR. IT IS THE DUTY OF THE GOVERNANCE COMMITTEE TO NOMINATE TRUSTEE CANDIDATES.
FORM 990, PART VI, SECTION A, LINE 7A	SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 6.
FORM 990, PART VI, SECTION A, LINE 7B	GOVERNANCE DECISIONS RESERVED TO (OR SUBJECT TO APPROVAL BY) MEMBERS. MEMBERS OF COMMONFUND MEET ANNUALLY IN THE FALL. PROPOSED RULE CHANGES OF RULES OF THE COMMONFUND ENDOWMENT FUNDS AND OTHER MATTERS REQUIRING CONSENT OF THE MEMBERS (I.E., THE ELECTION OF TRUSTEES AND THE RATIFICATION OF THE SELECTION OF COMMONFUND'S CERTIFIED PUBLIC ACCOUNTANTS) ARE PLACED BEFORE THE MEMBERS AT THE ANNUAL MEETING. THE MEMBERS ALSO RESERVE THE RIGHT TO REMOVE A TRUSTEE WITH OR WITHOUT CAUSE.
FORM 990, PART VI, SECTION B, LINE 11B	REVIEW PROCESS FORM 990 THE COMMONFUND FORM 990 IS DRAFTED BY COMMONFUND'S MANAGEMENT AND REVIEWED BY COMMONFUND'S INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT AND TAX CONSULTANT. A DRAFT OF THE FORM 990 IS FURNISHED TO ALL MEMBERS OF THE BOARD, WHO DELEGATE THE DUTY TO REVIEW THE FORM AND ADDRESS ANY QUESTIONS TO MANAGEMENT TO THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD AND, IN THE CASE OF PART VI, TO THE GOVERNANCE COMMITTEE OF THE BOARD. THESE COMMITTEES REPORT THE RESULTS OF THEIR REVIEW TO THE FULL BOARD. BETWEEN THE TIME OF COMMITTEE AND BOARD REVIEW AND THE ACTUAL FILING OF THE FORM 990, MANAGEMENT RETAINS THE ABILITY TO AMEND THE VERSION OR VERSIONS SO REVIEWED, PROVIDED THAT SUCH AMENDMENTS ARE APPROVED BY COUNSEL AND BY COMMONFUND'S EXTERNAL TAX CONSULTANTS, AS WELL AS BY THE CHIEF OPERATING OFFICER. MANAGEMENT IS REQUIRED TO DISCUSS WITH THE CHAIRS OF THE AUDIT AND RISK MANAGEMENT COMMITTEE AND/OR THE GOVERNANCE COMMITTEE ANY PROPOSED CHANGES THAT WOULD MATERIALLY CHANGE THE CONTENT OF THE FORM 990 IN ORDER TO DETERMINE WHETHER ANY FURTHER REVIEW BY THE AUDIT AND RISK MANAGEMENT COMMITTEE, THE GOVERNANCE COMMITTEE, OR THE FULL BOARD WOULD BE APPROPRIATE PRIOR TO FILING. PRIOR TO FILING, THE FINAL FORM 990, INCLUDING ATTACHMENTS, WILL BE MADE AVAILABLE TO ALL TRUSTEES FOR THEIR REFERENCE.
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICT OF INTEREST POLICY TRUSTEES, OFFICERS AND EMPLOYEES OF COMMONFUND GROUP ARE SUBJECT TO POLICIES ADOPTED BY THE ORGANIZATION AND APPROVED BY COMMONFUND'S BOARD OF TRUSTEES THAT ARE DESIGNED TO AVOID IMPROPER CONFLICTS OF INTEREST. COMMONFUND'S AUTHORIZING LEGISLATION PROVIDES THAT NO TRUSTEE, OFFICER OR EMPLOYEE SHALL RECEIVE ANY DIRECT OR INDIRECT PECUNIARY PROFIT FROM, NOR HAVE ANY DIRECT OR INDIRECT PECUNIARY INTEREST IN, THE OPERATIONS OF COMMONFUND OR ANY FUND ESTABLISHED THEREIN, OTHER THAN SALARY OR COMPENSATION FOR SERVICES RENDERED, REIMBURSEMENT OF EXPENSES, BENEFITS RECEIVED AS A PROPER BENEFICIARY OF ITS STRICTLY EDUCATIONAL AND CHARITABLE PURPOSES. ADDITIONALLY, THESE POLICIES PROVIDE THAT NO AFFECTED PERSON SHALL, WITHOUT THE PRIOR CONSENT OF THE BOARD OF TRUSTEES, HAVE ANY RELATIONSHIP AS DIRECTOR, OFFICER, PARTNER, EMPLOYEE, ADVISORY BOARD MEMBER, OR SIMILAR RELATIONSHIP WITH, NOR HAVE ANY SUBSTANTIAL FINANCIAL INTEREST IN, ANY INVESTMENT MANAGER OR CUSTODIAN BANK OF COMMONFUND OR ANY SECURITIES BROKER/DEALER AFFECTING TRANSACTIONS FOR COMMONFUND. PURSUANT TO THESE POLICIES, OFFICIAL POSITIONS OR FINANCIAL INTERESTS THAT MAY CONFLICT OR APPEAR TO CONFLICT WITH THE INTERESTS OF COMMONFUND ARE DISCLOSED IN ANNUAL QUESTIONNAIRES COMPLETED BY EACH AFFECTED PERSON. RESPONSES TO THESE QUESTIONNAIRES ARE REVIEWED BY THE COMPLIANCE DEPARTMENT AND, IN APPROPRIATE CASES, PROCEDURES ARE ADOPTED SO THAT INDIVIDUALS AVOID PARTICIPATION IN COMMONFUND MATTERS. PERSONS COVERED BY THESE POLICIES ARE REQUIRED TO AFFIRM COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY ANNUALLY AND COMMONFUND'S COMPLIANCE GROUP ENGAGES IN INTERNAL AUDIT PROCEDURES DESIGNED TO TEST SUCH COMPLIANCE THROUGHOUT THE YEAR.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION POLICY THE PURPOSES OF THE COMPENSATION COMMITTEE ARE TO REVIEW AND PROVIDE ADVICE ON SIGNIFICANT PERSONNEL ISSUES. THIS FUNCTION INCLUDES RESPONSIBILITY: (A) TO REVIEW ANNUALLY THE PRESIDENT'S PERFORMANCE RELATIVE TO GOALS AND TO ESTABLISH HIS/HER COMPENSATION; (B) TO RECEIVE AND DISCUSS THE PRESIDENT'S EVALUATION OF THE MEMBERS OF THE SENIOR EXECUTIVE TEAM AND TO REVIEW AND APPROVE THE PRESIDENT'S PROPOSALS FOR THEIR COMPENSATION; (C) TO REVIEW AND APPROVE COMPENSATION PROGRAMS FOR ALL EMPLOYEES OF THE CORPORATION WITH A RANK OF MANAGING DIRECTOR AND ABOVE INCLUDING INCENTIVE PLANS, RETIREMENT PLANS AND OTHER BENEFIT ARRANGEMENTS; (D) TO REVIEW AND PROVIDE ADVICE CONCERNING THE SUCCESSION PLAN FOR EACH POSITION REPRESENTED ON THE SENIOR EXECUTIVE TEAM AND FOR OTHER POSITIONS IN THE CORPORATION THAT IT DESIGNATES; (E) TO REVIEW STAFFING ARRANGEMENTS FOR THE CORPORATION AND PROVIDE ADVICE WITH RESPECT TO THOSE ARRANGEMENTS; (F) TO CONSIDER AND ADVISE THE PRESIDENT WITH RESPECT TO TERMINATION FOR CAUSE OF EMPLOYEES WITH A RANK ABOVE THAT OF MANAGING DIRECTOR AND, WHEN CONSULTED BY THE PRESIDENT, ON OTHER TERMINATION MATTERS; (G) JOINTLY WITH THE GOVERNANCE COMMITTEE, TO RECOMMEND TO THE BOARD THE COMPENSATION TO BE PAID TO TRUSTEES, INCLUDING THE CHAIR OF THE BOARD; & (H) TO RECEIVE PERIODIC REPORTS FROM THE PRESIDENT ON SUCH PERSONNEL ISSUES AS IT MAY FROM TIME TO TIME IDENTIFY AS SIGNIFICANT AND WORTHY OF ITS CONSIDERATION. TO DISCHARGE THESE RESPONSIBILITIES, IT IS THE PRACTICE OF THE COMPENSATION COMMITTEE TO ENGAGE AN INDEPENDENT COMPENSATION CONSULTANT EVERY 2-3 YEARS TO ASSIST IT IN ITS COMPENSATION-RELATED DUTIES AND TO PROVIDE COMPARABILITY DATA. THIS DATA, AND ISSUES RELATING TO PERFORMANCE BY MEMBERS OF SENIOR MANAGEMENT ARE REVIEWED ANNUALLY BY THE COMMITTEE. THE PRESIDENT PARTICIPATES IN THE DISCUSSION OF PERFORMANCE OF OTHER MEMBERS OF SENIOR MANAGEMENT. THE COMMITTEE MEETS IN EXECUTIVE SESSION OUTSIDE THE PRESENCE OF THE PRESIDENT AND OTHER MEMBERS OF MANAGEMENT TO DISCUSS THE PERFORMANCE OF THE PRESIDENT. MINUTES ARE KEPT OF THE DELIBERATIONS AND DECISIONS OF THE COMPENSATION COMMITTEE. THIS PROCESS WAS LAST UNDERTAKEN FOR THE FISCAL YEAR ENDING JUNE 30, 2024. THE NEXT COMPENSATION REVIEW WILL TAKE PLACE IN 2025.
FORM 990, PART VI, SECTION C, LINE 19	PUBLIC INSPECTION OF ORGANIZATION DOCUMENTS COMMONFUND MAKES AVAILABLE TO THE PUBLIC ITS CONFLICT OF INTERESTS POLICY AND INFORMATION FOR MEMBERS, WHICH CONTAINS, AMONG OTHER INFORMATION, THE RULES OF COMMONFUND, WHICH GOVERN THE STATUS, OPERATION AND INVESTMENT PROGRAMS OF THE VARIOUS INVESTMENT FUNDS MAINTAINED BY COMMONFUND. THESE TWO DOCUMENTS CAN BE ACCESSED BY THE PUBLIC UPON REQUEST TO COMMONFUND. COMMONFUND'S FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS OF COMMONFUND. COMMONFUND MAY PROVIDE TO THE PUBLIC COMMONFUND'S FINANCIAL STATEMENTS AND ORIGINAL APPLICATION FOR EXEMPTION UNDER IRC SECTION 501(C)(3)(GRANTED NOVEMBER 3, 1970), UPON REQUEST.
FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS	NET PARTICIPANT TRANSACTIONS (327,596,948) ================ TOTAL TO FORM 990, PART XI, LINE 9 (327,596,948)
FORM 990, PART XII, LINE 2B & LINE 2C	AUDITED FINANCIAL STATEMENTS THE COMMON FUND FOR NONPROFIT ORGANIZATIONS ("COMMONFUND") IS A TAX-EXEMPT MEMBERSHIP CORPORATION OPERATED BY AND FOR ITS MEMBER COLLEGES, UNIVERSITIES AND INDEPENDENT SCHOOLS. TOGETHER WITH ITS SUBSIDIARIES AND AFFILIATES, COMMONFUND PURSUES A MISSION TO IMPROVE INVESTMENT MANAGEMENT PRACTICES AND TO ENHANCE THE FINANCIAL RESOURCES OF THE NONPROFIT COMMUNITY. COMMONFUND WAS ORGANIZED IN 1969 PURSUANT TO A SPECIAL ACT OF THE NEW YORK STATE LEGISLATURE AND COMMENCED OPERATIONS ON JULY 1, 1971. COMMONFUND IS EXEMPT FROM REGISTRATION UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED, AND THE INVESTMENT ADVISERS ACT OF 1940, AS AMENDED. COMMONFUND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTIONS 501(C)(3) AND 501(F) OF THE IRC. PARTICIPATION IN COMMONFUND IS LIMITED TO ORGANIZATIONS THAT BECOME MEMBERS. MEMBERSHIP IN COMMONFUND IS LIMITED TO EDUCATIONAL INSTITUTIONS DESCRIBED IN SECTION 170(B)(1)(A)(II) OF THE IRC AND EDUCATIONAL SUPPORT ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A)(IV) OF THE IRC. OMMONFUND OFFERS TO ITS MEMBERS A SERIES OF POOLED INVESTMENT FUNDS, EACH OF WHICH HAS ITS OWN INVESTMENT OBJECTIVES, POLICIES AND STRATEGIES. COMMONFUND THUS GIVES ITS MEMBERS THE OPPORTUNITY TO DIVERSIFY THEIR ENDOWMENT PORTFOLIOS ACROSS ASSET CLASSES AND INVESTMENT STRATEGIES EITHER BY INVESTING ALL OF THEIR ASSETS IN SEVERAL INVESTMENT FUNDS OF COMMONFUND OR BY USING INVESTMENTS IN FUNDS OF COMMONFUND TO COMPLEMENT OTHER PORTIONS OF THEIR PORTFOLIOS. THE INVESTMENT FUNDS MAINTAINED BY COMMONFUND ARE NOT SEPARATE LEGAL ENTITIES. THEY ARE POOLS OF ASSETS HELD BY COMMONFUND FOR MANAGEMENT IN ACCORDANCE WITH THE RULES TO WHICH EACH PARTICIPANT AGREES AS A CONDITION OF MEMBERSHIP IN COMMONFUND. FURTHERMORE, THE RULES PROVIDE THAT THE FUNDS ESTABLISHED BY COMMONFUND ARE HELD FOR THE EXCLUSIVE BENEFIT OF THE MEMBERS INVESTING IN THEM. IN ADDITION, COMMONFUND'S NEW YORK CONSTITUENT LEGISLATION PROVIDES THAT THE ASSETS OF ANY FUND ESTABLISHED BY COMMONFUND MAY NOT BE USED TO PAY THE DEBTS OR OBLIGATIONS INCURRED IN THE OPERATION OF ANY OTHER SUCH FUND, OR IN THE OPERATION OF COMMONFUND ON ITS OWN BEHALF. MEMBER FEES AND OTHER REVENUES OF COMMONFUND SUPPORT THE ORGANIZATION AS A WHOLE AND ARE NOT ALLOCATED FOR THE BENEFIT OF PARTICULAR FUNDS OR PRIVATE OWNERS. COMMONFUND OWNS AND CONTROLS A GROUP OF OPERATING SUBSIDIARIES. THE SUBSIDIARIES HAVE BEEN ORGANIZED AND ARE OPERATED TO ENGAGE IN BUSINESSES OR TO PROVIDE SERVICES THAT ARE OUTSIDE THE SCOPE OF COMMONFUND'S TAX EXEMPTION UNDER SECTION 501(F) OF THE INTERNAL REVENUE CODE. EACH OF THE SUBSIDIARIES IS A TAXABLE ENTITY, AND AS A CONSOLIDATED GROUP, THEY FILE A TAX RETURN ON FORM 1120 ANNUALLY. GIVEN COMMONFUND'S UNIQUE ORGANIZATIONAL STRUCTURE, THE FORM 990 FOR THE COMMON FUND FOR NONPROFIT ORGANIZATIONS REFLECTS THE COMBINED ASSETS AND ACTIVITIES OF THE INVESTMENT FUNDS AND OF COMMONFUND ITSELF (ON A PROPRIETARY BASIS, AND NOT INCLUDING THE TAXABLE OPERATING SUBSIDIARIES) AS DETAILED IN THE TABLE BELOW. ANNUAL FINANCIAL STATEMENT AUDITS ARE PERFORMED BY AN INDEPENDENT AUDITOR FOR EACH OF THE INVESTMENT FUNDS OFFERED BY COMMONFUND AND ALSO FOR THE CONSOLIDATED COMMONFUND GROUP. THESE AUDITED FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY COMMONFUND'S BOARD AND ARE DISTRIBUTED TO MEMBER ORGANIZATIONS UPON REQUEST. COPIES OF THE AUDITED FINANCIAL STATEMENTS FOR THE COMMONFUND GROUP ARE AVAILABLE UPON REQUEST TO COMMONFUND INVESTOR RELATIONS TEAM AT 888-TCF-FUND (888-823-3863).
FORM 990, PART XII, LINE 2B	TABLE I: SUMMARY BALANCE SHEET MEMBER INVESTMENT FUNDS ASSETS LIABILITIES NET ASSETS INTERMEDIATE TERM 224,682,097 1,619,200 223,062,897 HIGH QUALITY BOND 768,376,561 29,055,307 739,321,254 MULTI-STRATEGY EQUITY 1,516,809,831 29,786,982 1,487,022,849 CORE EQUITY 192,779,104 3,601,364 189,177,740 EQUITY INDEX 203,352,817 4,451,693 198,901,124 MULTI-STRATEGY BOND 619,965,432 6,798,711 613,166,721 ~~~~~~~~~~~~ ~~~~~~~~~~~ ~~~~~~~~~~~~~ TOTAL MEMBER INVT FDS 3,525,965,842 75,313,257 3,450,652,585 COMMON FUND 37,389,980 9,607,029 27,782,951 ~~~~~~~~~~~~~ ~~~~~~~~~~~ ~~~~~~~~~~~~~ FORM 990 TOTALS 3,563,355,822 84,920,286 3,478,435,536 FORM 990 REF - PART I LN 20 LN 21 LN 22
FORM 990, PART XII, LINE 2B	TABLE II: SUMMARY REVENUE AND EXPENSES MEMBER INVESTMENT FUNDS REVENUE EXPENSES NET INCOME INTERMEDIATE TERM 7,185,191 725,104 6,460,087 HIGH QUALITY BOND 3,302,136 2,126,546 1,175,590 MULTI-STRATEGY EQUITY 84,414,497 3,415,145 80,999,352 CORE EQUITY 26,820,973 419,242 26,401,731 EQUITY INDEX 24,480,766 298,972 24,181,794 MULTI-STRATEGY BOND (1,579,726) 1,087,045 (2,666,771) ~~~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~ TOTAL MEMBER INVT FDS 144,623,837 8,072,054 136,551,783 COMMONFUND 29,001,156 29,469,365 (468,209) ~~~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~~ FORM 990 TOTALS 173,624,993 37,541,419 136,083,574 FORM 990 REF - PART I LN 12 LN 18 LN 19

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2023

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

Name of the organization

THE COMMON FUND FOR NONPROFIT ORGANIZATIONS

Employer identification number

23-7037968

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(f) Direct controlling entity
(1) FAIRFIELD PARTNERS MANAGEMENT LLC 15 OLD DANBURY RD WILTON,CT06897 06-1526538	INVESTMENTS	DE	FP HOLDINGS
(2) FAIRFIELD PARTNERS 1999 LLC 15 OLD DANBURY RD WILTON,CT06897 06-1543740	INVESTMENTS	DE	FP HOLDINGS
(3) FAIRFIELD PARTNERS 2000 LLC 15 OLD DANBURY RD WILTON,CT06897 06-1563276	INVESTMENTS	DE	FP HOLDINGS
(4) FAIRFIELD PARTNERS 2001 LLC 15 OLD DANBURY RD WILTON,CT06897 06-1596800	INVESTMENTS	DE	FP HOLDINGS
(5) FAIRFIELD PARTNERS 2003 LLC 15 OLD DANBURY RD WILTON,CT06897 14-1856949	INVESTMENTS	DE	FP HOLDINGS
(6) FAIRFIELD PARTNERS 2005 LLC 15 OLD DANBURY RD WILTON,CT06897 76-0779971	INVESTMENTS	DE	FP HOLDINGS
(7) FAIRFIELD PARTNERS 2007 LP 15 OLD DANBURY RD WILTON,CT06897 74-3191547	INVESTMENTS	DE	FP 2007 LLC
(8) FAIRFIELD PARTNERS 2009 LP 15 OLD DANBURY RD WILTON,CT06897 26-3180064	INVESTMENTS	DE	FP 2009 LLC
(9) FAIRFIELD PARTNERS 2012 LP 15 OLD DANBURY RD WILTON,CT06897 90-0885809	INVESTMENTS	DE	FP 2012 LLC
(10) CFR PARTNERS MANAGEMENT LLC 15 OLD DANBURY RD WILTON,CT06897 06-1550128	INVESTMENTS	DE	CF REALTYINC
(11) CFR INVESTMENT MANAGEMENT LLC 15 OLD DANBURY RD WILTON,CT06897 06-1549982	INVESTMENTS	DE	CF REALTYINC
(12) COMMONFUND MANAGEMENT COMPANY 2003 LLC 15 OLD DANBURY RD WILTON,CT06897 80-0738198	INVESTMENTS	DE	CF OCIO
(13) COMMONFUND MANAGEMENT COMPANY 2005 LLC 15 OLD DANBURY RD WILTON,CT06897	INVESTMENTS	DE	CF OCIO
(14) FAIRFIELD PARTNERS 2007 LLC 15 OLD DANBURY RD WILTON,CT06897 02-0788278	INVESTMENTS	DE	FP HOLDINGS
(15) FAIRFIELD PARTNERS 2009 LLC 15 OLD DANBURY RD WILTON,CT06897	INVESTMENTS	DE	FP HOLDINGS
(16) FAIRFIELD PARTNERS 2012 LLC 15 OLD DANBURY RD WILTON,CT06897 38-3885906	INVESTMENTS	DE	FP HOLDINGS
(17) WILTON PARTNERS LLC 15 OLD DANBURY RD WILTON,CT06897 80-0961146	INVESTMENTS	DE	FP HOLDINGS
(18) WILTON PARTNERS LP 15 OLD DANBURY RD WILTON,CT06897 90-1028588	INVESTMENTS	DE	WILTON LLC
(19) FAIRFIELD PARTNERS 2014 LP 15 OLD DANBURY RD WILTON,CT06897 32-0449467	INVESTMENTS	DE	FP 2014 LLC
(20) FAIRFIELD PARTNERS 2014 LLC 15 OLD DANBURY RD WILTON,CT06897 36-4793890	INVESTMENTS	DE	FP HOLDINGS
(21) FAIRFIELD PARTNERS XII LLC 15 OLD DANBURY RD WILTON,CT06897 81-2871715	INVESTMENTS	DE	FP HLDING II
(22) FAIRFIELD PARTNERS XIII GP LLC 15 OLD DANBURY ROAD WILTON,CT06897 83-4711789	INVESTMENTS	DE	FP HLDING II
(23) FAIRFIELD PARTNERS XIII LP 15 OLD DANBURY ROAD WILTON,CT06897 83-4687477	INVESTMENTS	DE	FP HLDING II
(24) COMMONFUND MANAGEMENT COMPANY III LLC 15 OLD DANBURY RD WILTON,CT06897	INVESTMENTS	DE	CF OCIO
(25) FAIRFIELD PARTNERS XIV GP LLC 15 OLD DANBURY RD WILTON,CT06897 87-1516150	INVESTMENTS	DE	FP HLDING II
(26) FAIRFIELD PARTNERS XIV LP 15 OLD DANBURY RD WILTON,CT06897 87-1526214	INVESTMENTS	DE	FP HLDING II
(27) Fairfield Partners XV GP LLC 15 OLD DANBURY RD WILTON,CT06897 92-1777986	INVESTMENTS	DE	FP HLDING II
(28) Fairfield Partners XV LP 15 OLD DANBURY RD WILTON,CT06897 92-1738947	INVESTMENTS	DE	FP 2015 LLC

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2023

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Predominant income(related, unrelated, excluded from tax under sections 512-514)	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership
(1) ENDOWMENT VENT IV 15 OLD DANBURY RD WILTON,CT06897 06-1526536	INVESTMENTS	DE	FP MGMT LLC					No			No
(2) EEP LIQUID TRUST 15 OLD DANBURY RD WILTON,CT06897 61-6292361	INVESTMENTS	DE	FP MGMT LLC					No			No
(3) ENDOWMENT ENERG III 15 OLD DANBURY RD WILTON,CT06897 06-1424556	INVESTMENTS	DE	FP MGMT LLC					No			No
(4) ENDOWMENT ENERG IV 15 OLD DANBURY RD WILTON,CT06897 06-1503291	INVESTMENTS	DE	FP MGMT LLC					No			No
(5) CF CAP PRTRS 1999 15 OLD DANBURY RD WILTON,CT06897 06-1550264	INVESTMENTS	DE	FP 1999 LLC					No			No
(6) ENDOWMENT VENT V 15 OLD DANBURY RD WILTON,CT06897 06-1563332	INVESTMENTS	DE	FP 2000 LLC					No			No
(7) ENDOWMENT PE IV 15 OLD DANBURY RD WILTON,CT06897 06-1563330	INVESTMENTS	DE	FP 2000 LLC					No			No
(8) INTL PE III 15 OLD DANBURY RD WILTON,CT06897 06-1563329	INVESTMENTS	DE	FP 2000 LLC					No			No
(9) CF CAP NEW LDRS II 15 OLD DANBURY RD WILTON,CT06897 06-1587673	INVESTMENTS	DE	FP 2000 LLC					No			No
(10) CF CAP VENT PTRS VI 15 OLD DANBURY RD WILTON,CT06897 06-1605325	INVESTMENTS	DE	FP 2001 LLC					No			No
(11) CF CAP PE V 15 OLD DANBURY RD WILTON,CT06897 06-1605326	INVESTMENTS	DE	FP 2001 LLC					No			No
(12) CF CAP INTL IV 15 OLD DANBURY RD WILTON,CT06897 06-1605324	INVESTMENTS	DE	FP 2001 LLC					No			No
(13) CF CAP PTRS 2000 15 OLD DANBURY RD WILTON,CT06897 06-1591641	INVESTMENTS	DE	FP 2001 LLC					No			No
(14) CF CAP NAT RES V 15 OLD DANBURY RD WILTON,CT06897 92-0179780	INVESTMENTS	DE	FP 2003 LLC					No			No
(15) CF CAP VENT PTRS VII 15 OLD DANBURY RD WILTON,CT06897 16-1720044	INVESTMENTS	DE	FP 2005 LLC					No			No
(16) CF CAP PRIV EQTY VI 15 OLD DANBURY RD WILTON,CT06897 16-1720029	INVESTMENTS	DE	FP 2005 LLC					No			No
(17) CF CAP INTL V 15 OLD DANBURY RD WILTON,CT06897 16-1720038	INVESTMENTS	DE	FP 2005 LLC					No			No
(18) CF CAP PTRS III 15 OLD DANBURY RD WILTON,CT06897 37-1509257	INVESTMENTS	DE	FP 2005 LLC					No			No
(19) CF CAP NAT RES VI 15 OLD DANBURY RD WILTON,CT06897 25-1910076	INVESTMENTS	DE	FP 2005 LLC					No			No
(20) CF CAP NAT RES VII 15 OLD DANBURY RD WILTON,CT06897 51-0605779	INVESTMENTS	DE	FP 2007 LLC					No			No
(21) CF CAP VENT VIII 15 OLD DANBURY RD WILTON,CT06897 11-3814030	INVESTMENTS	DE	FP 2007 LLC					No			No
(22) CF CAP PE VII 15 OLD DANBURY RD WILTON,CT06897 20-8306306	INVESTMENTS	DE	FP 2007 LLC					No			No
(23) CF CAP INTL VI 15 OLD DANBURY RD WILTON,CT06897 20-8306365	INVESTMENTS	DE	FP 2007 LLC					No			No
(24) CF CAP PTNRS IV 15 OLD DANBURY RD WILTON,CT06897 26-0611788	INVESTMENTS	DE	FP 2007 LLC					No			No
(25) CF CAP NAT RES VIII 15 OLD DANBURY RD WILTON,CT06897 26-3180228	INVESTMENTS	DE	FP 2009 LLC					No			No
(26) CF CAP VENT PTRS IX 15 OLD DANBURY RD WILTON,CT06897 26-4138517	INVESTMENTS	DE	FP 2009 LLC					No			No
(27) CF CAP PE VIII 15 OLD DANBURY RD WILTON,CT06897 27-4641880	INVESTMENTS	DE	FP 2009 LLC					No			No
(28) CF CAP INTL VII 15 OLD DANBURY RD WILTON,CT06897 26-3669321	INVESTMENTS	DE	FP 2009 LLC					No			No
(29) CF CAP PARTNERS V 15 OLD DANBURY RD WILTON,CT06897 38-3844471	INVESTMENTS	DE	FP 2009 LLC					No			No
(30) CF CAP NAT RES IX 15 OLD DANBURY RD WILTON,CT06897 37-1656529	INVESTMENTS	DE	FP 2012 LP					No			No
(31) CF CAP VENT PTRS X 15 OLD DANBURY RD WILTON,CT06897 80-0788864	INVESTMENTS	DE	FP 2012 LP					No			No
(32) CF REALTY PTNRS I 15 OLD DANBURY RD WILTON,CT06897 06-1550130	INVESTMENTS	DE	CF REALTY INC					No			No
(33) CF MSB MASTER FUND 15 OLD DANBURY RD WILTON,CT06897 13-4363634	INVESTMENTS	DE	CF NONPROFIT	EXCLUDED	884,314	54,038,764		No	0		No	69.966 %
(34) CF CAP EMG MKT 2013 15 OLD DANBURY RD WILTON,CT06897 80-0872033	INVESTMENTS	DE	FP2012 LP					No			No
(35) FAIRFIELD PTRS HLDG 15 OLD DANBURY RD WILTON,CT06897 45-2635502	INVESTMENTS	DE	CF PE					No			No
(36) CF INTL PTNRS VIII 15 OLD DANBURY RD WILTON,CT06897 32-0433003	INVESTMENTS	DE	FP 2012 LP					No			No
(37) CF CAP US PE PTR IX 15 OLD DANBURY RD WILTON,CT06897 36-4778201	INVESTMENTS	DE	FP 2012 LP					No			No
(38) CF CAP STASOL GBLPE IV 15 OLD DANBURY RD WILTON,CT06897 38-3932557	INVESTMENTS	DE	FP 2012 LP					No			No
(39) CF CAP GBL PE 2014 15 OLD DANBURY RD WILTON,CT06897 35-2494857	INVESTMENTS	DE	FP 2012 LP					No			No
(40) CF CAP VENT PTRS XI 15 OLD DANBURY RD WILTON,CT06897 47-2004432	INVESTMENTS	DE	FP 2014 LP					No			No
(41) CF CAP COINVEST OPP 2015 15 OLD DANBURY RD WILTON,CT06897 47-2478976	INVESTMENTS	DE	FP 2014 LP					No			No
(42) CUMMINGS PRIV CAP 15 OLD DANBURY RD WILTON,CT06897 90-1028644	INVESTMENTS	DE	WILTON LP					No			No
(43) CF CAPSTATGBL PE II 15 OLD DANBURY RD WILTON,CT06897 81-2852078	INVESTMENTS	DE	FP PRTNRS XII					No			No
(44) FAIRFIELD PTNRS II 15 OLD DANBURY RD WILTON,CT06897 81-3855539	INVESTMENTS	DE	CF PE					No			No
(45) CF CAP SCNDRY 2015 15 OLD DANBURY RD WILTON,CT06897 47-2465456	INVESTMENTS	DE	FP 2014 LP					No			No
(46) CF CAP NAT RES X 15 OLD DANBURY RD WILTON,CT06897 47-2468038	INVESTMENTS	DE	FP 2014 LP					No			No
(47) CF CAP OHSU PVT CAP 15 OLD DANBURY RD WILTON,CT06897 47-3309067	INVESTMENTS	DE	WILTON LP					No			No
(48) FAIRFIELD PTRS XII 15 OLD DANBURY RD WILTON,CT06897 81-2887216	INVESTMENTS	DE	FP HLDING II					No			No
(49) CF REALTY INST LLC 15 OLD DANBURY RD WILTON,CT06897 06-1549984	INVESTMENTS	DE	CF REALTY INC					No			No
(50) CF CAP NAT RES XI 15 OLD DANBURY RD WILTON,CT06897 82-3512697	INVESTMENTS	DE	FP PRTNRS XII					No			No
(51) CF CAP VENT PTRS XII 15 OLD DANBURY RD WILTON,CT06897 82-0966019	INVESTMENTS	DE	FP PRTNRS XII					No			No
(52) CF CAP INTL IX 15 OLD DANBURY RD WILTON,CT06897 82-1005583	INVESTMENTS	DE	FP PRTNRS XII					No			No
(53) CF CAP US PE PTR X 15 OLD DANBURY RD WILTON,CT06897 82-0951309	INVESTMENTS	DE	FP PRTNRS XII					No			No
(54) CF CAP CO-INVEST OPPS II 15 OLD DANBURY RD WILTON,CT06897 82-0931142	INVESTMENTS	DE	FP PRTNRS XII					No			No
(55) CF CAP SCNDRY PTRS II 15 OLD DANBURY RD WILTON,CT06897 82-3170994	INVESTMENTS	DE	FP PRTNRS XII					No			No
(56) CF CAP GBL PE PTRS II 15 OLD DANBURY RD WILTON,CT06897 82-0982927	INVESTMENTS	DE	FP PRTNRS XII					No			No
(57) CF CAP EMG MKTS II 15 OLD DANBURY RD WILTON,CT06897 82-1023878	INVESTMENTS	DE	FP PRTNRS XII					No			No
(58) CF CAP PARTNERS VII 15 OLD DANBURY RD WILTON,CT06897 82-4688292	INVESTMENTS	DE	FP PRTNRS XII					No			No
(59) CF CAP PARTNERS VI 15 OLD DANBURY RD WILTON,CT06897 47-2855502	INVESTMENTS	DE	FP 2014 LP					No			No
(60) CF CAP VENT PTRS XIII 15 OLD DANBURY RD WILTON,CT06897 84-3427992	INVESTMENTS	DE	FP PRTNRS XIII					No			No
(61) PE FUND III 15 OLD DANBURY RD WILTON,CT06897 35-2663632	INVESTMENTS	DE	FP PRTNRS XIII					No			No
(62) CF CP VT PTRXII FDR 15 OLD DANBURY RD WILTON,CT06897 98-1450048	INVESTMENTS	DE	FP PRTNRS XII					No			No
(63) CF CAP SEC OPP FD 15 OLD DANBURY RD WILTON,CT06897 84-2082338	INVESTMENTS	DE	WILTON LP					No			No
(64) CF CP VT PTRXIII FR 15 OLD DANBURY RD WILTON,CT06897 98-1540673	INVESTMENTS	DE	FP PRTNRS XIII					No			No
(65) CF CAP COIV OPP III 15 OLD DANBURY RD WILTON,CT06897 84-4715871	INVESTMENTS	DE	FP PRTNRS XIII					No			No
(66) CF CAP EM MKTS III 15 OLD DANBURY RD WILTON,CT06897 84-4978741	INVESTMENTS	DE	FP PRTNRS XIII					No			No
(67) CF CAP SEC PTRS III 15 OLD DANBURY RD WILTON,CT06897 84-4784943	INVESTMENTS	DE	FP PRTNRS XIII					No			No
(68) CF CP GBL PE PR III 15 OLD DANBURY RD WILTON,CT06897 84-3443436	INVESTMENTS	DE	FP PRTNRS XIII					No			No
(69) CF CAP INTL PTRS X 15 OLD DANBURY RD WILTON,CT06897 84-4858806	INVESTMENTS	DE	FP PRTNRS XIII					No			No
(70) CF CAP US PE PTR XI 15 OLD DANBURY RD WILTON,CT06897 84-4963980	INVESTMENTS	DE	FP PRTNRS XIII					No			No
(71) CF CSCOF LP 15 OLD DANBURY RD WILTON,CT06897 86-3623583	INVESTMENTS	DE	WILTON LP					No			No
(72) CF CAP ENDOWMENT FUND LP 15 OLD DANBURY RD WILTON,CT06897 84-4416892	INVESTMENTS	DE	WILTON LP					No			No
(73) CF CAP REAL ASSET OPP FUND LP 15 OLD DANBURY RD WILTON,CT06897 85-3576166	INVESTMENTS	DE	WILTON LP					No			No
(74) CF CES 2020 LP 15 OLD DANBURY RD WILTON,CT06897 85-2749850	INVESTMENTS	DE	FP PRTNRS XIII					No			No
(75) CF CAP PTRS VIII LP 15 OLD DANBURY RD WILTON,CT06897 85-2722198	INVESTMENTS	DE	FP PRTNRS XIII					No			No
(76) CF CAP SECONDARY PTRS III CAYMAN LP 15 OLD DANBURY RD WILTON,CT06897 98-1474515	INVESTMENTS	DE	FP PRTNRS XIII					No			No
(77) CF CAPITAL OGPE IV LP 15 OLD DANBURY RD WILTON,CT06897 87-1018183	INVESTMENTS	DE	FP XIV LP					No			No
(78) CF CVP XIV LP 15 OLD DANBURY RD WILTON,CT06897 87-1740827	INVESTMENTS	DE	FP XIV LP					No			No
(79) CF CVP XIV-F LP 15 OLD DANBURY RD WILTON,CT06897 98-1629463	INVESTMENTS	DE	FP XIV LP					No			No
(80) CF CVDO LP 15 OLD DANBURY RD WILTON,CT06897 87-1764102	INVESTMENTS	DE	FP XIV LP					No			No
(81) CF CCO IV LP 15 OLD DANBURY RD WILTON,CT06897 88-1671711	INVESTMENTS	DE	FP XIV LP					No			No
(82) CF GPE IV LP 15 OLD DANBURY RD WILTON,CT06897 88-1622269	INVESTMENTS	DE	FP XIV LP					No			No
(83) CF CEP XII LP 15 OLD DANBURY RD WILTON,CT06987 88-1548860	INVESTMENTS	DE	FP XIV LP					No			No
(84) CF CVE LP 15 OLD DANBURY RD WILTON,CT06987 87-4414157	INVESTMENTS	DE	FP XIV LP					No			No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) CF HOLDING COMPANY INC 15 OLD DANBURY ROAD WILTON,CT068970812 06-1481429	INVESTMT ADVI	DE	CF NONPROFIT	C CORP			100.000 %	Yes
(2) CF PRIVATE EQUITY INC 15 OLD DANBURY ROAD WILTON,CT068970812 06-1225208	INVESTMT ADVI	DE	CF HOLDING CO	C CORP				Yes
(3) OLD DANBURY ROAD LESSEE CORP 15 OLD DANBURY ROAD WILTON,CT068970812 06-1539683	REAL ESTATE	DE	CF HOLDING CO	C CORP				Yes
(4) CF REALTY INC 15 OLD DANBURY ROAD WILTON,CT068970812 06-1493690	INVESTMT ADVI	DE	CF HOLDING CO	C CORP				Yes
(5) CF SECURITIES INC 15 OLD DANBURY ROAD WILTON,CT068970812 06-1493044	INVESTMT ADVI	DE	CF HOLDING CO	C CORP				Yes
(6) OLD DANBURY ROAD CORP 15 OLD DANBURY ROAD WILTON,CT068970812 06-1539685	REAL ESTATE	DE	CF HOLDING CO	C CORP				Yes
(7) CF OCIO INC 15 OLD DANBURY ROAD WILTON,CT068970812 06-1547454	INVESTMT ADVI	DE	CF HOLDING CO	C CORP				Yes
(8) CF CREDIT OPPORTUNITIES COMPANY UGLAND HOUSE S CHURCH ST GRAND CAYMAN KY1-1104 CJ 98-0444876	INVESTMENTS	CJ	CF NONPROFIT	C CORP	20,553,427	613,575,531	68.410 %	Yes
(9) CF HEDGED EQUITY COMPANY UGLAND HOUSE S CHURCH ST GRAND CAYMAN KY1-1104 CJ 98-0345744	INVESTMENTS	CJ	CF HEDG INV	C CORP				Yes
(10) CF GLOBAL ABSOLUTE ALPHA COMPANY UGLAND HOUSE S CHURCH ST GRAND CAYMAN KY1-1104 CJ 98-0557382	INVESTMENTS	CJ	CF OCIO	C CORP				Yes
(11) CF PRIVATE EQUITY UK LIMITED 1 NORTHUMBERLAND AVE FL 1 LONDON WC2N5BW UK 99-9999999	INVESTMENTS	UK	CF PE INC	C CORP				Yes
(12) CD STATION LLC 15 OLD DANBURY ROAD WILTON,CT068970812 04-3459200	INVESTMENTS	DE	OLD DNBRY RD CO	C CORP				Yes
(13) CF CREDIT HEDGED INVESTMENT CO UGLAND HOUSE S CHURCH ST GRAND CAYMAN KY1-1104 CJ 98-1027625	INVESTMENTS	CJ	CF OCIO	C CORP				Yes

Schedule R (Form 990) 2023

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

Yes

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

Yes

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

Yes

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

Yes

q Reimbursement paid by related organization(s) for expenses ............................

Yes

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(d) Method of determining amount involved
(1) COMMONFUND HOLDING CO & SUBSIDIARIES	S	SEE PT VII

Schedule R (Form 990) 2023

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2023

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference

Explanation

SCHEDULE R, PART V, TRANSACTIONS WITH RELATED ORGANIZATIONS

THE COMMON FUND FOR NONPROFIT ORGANIZATIONS ("COMMONFUND") IS A NONPROFIT MEMBERSHIP CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF NEW YORK. COMMONFUND HAS AFFILIATIONS WITH COMMONFUND HOLDING COMPANY, INC. AND SUBSIDIARIES (COMMONFUND AND COMMONFUND HOLDINGS COMPANY, INC. AND SUBSIDIARIES COLLECTIVELY "COMMONFUND GROUP"). COMMONFUND GROUP HAS A MASTER INTERCOMPANY AGREEMENT THAT PROVIDES FOR INVESTMENT ADVISORY AND DISTRIBUTION SERVICE ARRANGEMENTS AMONGST THE GROUP, FACILITIES SHARING AND SUPPORT SERVICES BY COMMONFUND. THE INTERCOMPANY AGREEMENT ALSO PROVIDES FOR THE ARM'S LENGTH CHARGE FOR THE ALLOCATION OF REVENUE AND COST (PURSUANT TO SECTION 482 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED AND REGULATIONS THEREUNDER) AMONG THE COMPANIES IN THE COMMONFUND GROUP.

Schedule R (Form 990) 2023

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO ENHANCE THE FINANCIAL RESOURCES OF EDUCATIONAL ORGANIZATIONS (DEFINED UNDER SECTION 170(B)(1)(A)(II) & (IV) OF THE IRC)& TO HELP THEM IMPROVE INVESTMENT MANAGEMENT PRACTICES
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	9
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	8
5	Total number of individuals employed in calendar year 2023 (Part V, line 2a) ......	5	66
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	6,406,630	5,499,841
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	281,141,237	144,995,318
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	19,370,992	23,129,834
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	306,918,859	173,624,993
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	17,636,269	19,311,255
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	13,705,011	18,230,164
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	31,341,280	37,541,419
19	Revenue less expenses. Subtract line 18 from line 12.......	275,577,579	136,083,574
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	3,520,694,647	3,563,355,822
21	Total liabilities (Part X, line 26).............	127,280,016	84,920,286
22	Net assets or fund balances. Subtract line 21 from line 20.....	3,393,414,631	3,478,435,536

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 37,541,419 including grants of $ 0 ) (Revenue $ 173,624,993 )
	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.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses37,541,419

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	6,689,611	3,792,522	1,199,977

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) KENT D DANIEL........................................................................ TRUSTEE	3.0 .......................1.0	X	142,500	0	0
(19) TOBIAS J MOSKOWITZ........................................................................ TRUSTEE	3.0 .......................0.0	X	142,500	0	0
(20) SUSAN MANSKE........................................................................ TRUSTEE (FROM 01/01/2024)	3.0 .......................0.0	X	0	0	0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		0

		Business Code
2a	PARTICIPANT FEES	900099	5,499,841	5,499,841
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		5,499,841

3 Investment income (including dividends, interest, and othersimilar amounts) ......			53,312,099	53,312,099
4 Income from investment of tax-exempt bond proceeds			0
5 Royalties...........			0
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c	0	0
d	Net rental income or (loss).......			0
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a	2,962,243,634
b	Less: cost or other basis and sales expenses	7b	2,870,560,415
c	Gain or (loss)	7c	91,683,219
d	Net gain or (loss).........			91,683,219	91,683,219
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a	0
b	Less: direct expenses ...		8b	0
c	Net income or (loss) from fundraising events..			0
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a	0
b	Less: direct expenses ...		9b	0
c	Net income or (loss) from gaming activities..			0
10a	Gross sales of inventory, less returns and allowances ..
			10a	0
b	Less: cost of goods sold ..		10b	0
c	Net income or (loss) from sales of inventory..			0

Business Code
11a	TRANSFER PRICING REVENUE		900099	23,081,215	23,081,215
b	MISC REVENUE		900099	48,619	48,619
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			23,129,834
12	Total revenue. See instructions.....			173,624,993	173,624,993

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	0
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	0
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	0
4	Benefits paid to or for members .......	0
5	Compensation of current officers, directors, trustees, and key employees ...........	5,010,455	5,010,455
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	0
7	Other salaries and wages........	11,282,501	11,282,501	0	0
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	586,984	586,984
9	Other employee benefits .......	1,683,226	1,683,226
10	Payroll taxes ...........	748,089	748,089
11	Fees for services (non-employees):
a	Management ......	229,410	229,410
b	Legal .........	323,290	323,290
c	Accounting ...........	189,247	189,247
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17	0
f	Investment management fees ......	8,199,413	8,199,413
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	1,261,090	1,261,090
12	Advertising and promotion ....	343,594	343,594
13	Office expenses .......	841,994	841,994
14	Information technology ......	2,367,262	2,367,262
15	Royalties ..	0	0
16	Occupancy ...........	1,639,827	1,639,827
17	Travel ............	596,396	596,396
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .	0
19	Conferences, conventions, and meetings ....	1,982,289	1,982,289
20	Interest ...........	0
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization ..	37,864	37,864
23	Insurance ...	203,208	203,208
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	DUES & SUBSCRIPTIONS	22,195	22,195
b	REGISTRATION/FILING FEE	1,864	1,864
c	MISCELLANEOUS EXPENSES	-8,779	-8,779
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	37,541,419	37,541,419	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			0	1	0
2	Savings and temporary cash investments .........			57,371,292	2	46,142,447
3	Pledges and grants receivable, net ......			0	3	0
4	Accounts receivable, net .............			132,470,403	4	99,958,963
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........			0	7	0
8	Inventories for sale or use ............			0	8	0
9	Prepaid expenses and deferred charges ......			2,053,078	9	1,871,487
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	2,366,341
b	Less: accumulated depreciation	10b	2,039,284	2,159,830	10c	327,057
11	Investments—publicly traded securities .			0	11	0
12	Investments—other securities. See Part IV, line 11 .....			3,309,881,830	12	3,393,394,462
13	Investments—program-related. See Part IV, line 11 ..			0	13	0
14	Intangible assets ...............			0	14	0
15	Other assets. See Part IV, line 11 ...........			16,758,214	15	21,661,406
16	Total assets. Add lines 1 through 15 (must equal line 33)...			3,520,694,647	16	3,563,355,822

17	Accounts payable and accrued expenses .....	127,041,497	17	83,355,259
18	Grants payable ...	0	18	0
19	Deferred revenue .........	0	19	0
20	Tax-exempt bond liabilities .........	0	20	0
21	Escrow or custodial account liability. Complete Part IV of Schedule D	0	21	0
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..	0	23	0
24	Unsecured notes and loans payable to unrelated third parties ..	0	24	0
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	238,519	25	1,565,027
26	Total liabilities. Add lines 17 through 25..	127,280,016	26	84,920,286

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	0	31	0
32	Total net assets or fund balances ...........	3,393,414,631	32	3,478,435,536
33	Total liabilities and net assets/fund balances ........	3,520,694,647	33	3,563,355,822

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No