Commonwealth Fund

Commonwealth Fund (kɒmənwelθ fʌnd) is a private U.S. foundation whose purpose is to promote a high performing health care system that achieves better access, improved quality, and greater efficiency, particularly for society's most vulnerable, including low-income people, the uninsured, and people of color.

Etymology

The Commonwealth Fund was established in 1918 by Anna M. Harkness with the mandate to enhance the common good. The term "commonwealth" refers to the public welfare or the common good, and "fund" refers to the foundation's endowment.

Related Terms

Healthcare system: A group of health care providers who give health care services.
Low-income: A term used to describe individuals or families whose income is below a certain level.
Uninsured: People who do not have health insurance.
People of color: A term used in the United States to describe all people who are not white. The term is meant to be inclusive among non-white groups, emphasizing common experiences of systemic racism.
Public welfare: The welfare or well-being of the general public. This is a key aspect of a democratic society.
Endowment: A donation of money or property to a non-profit organization, which uses the resulting investment income for a specific purpose.