The Fund administered a number of fellowships including the Commonwealth Fund Fellowship later renamed the Harkness Fellowship and which allowed academics and artists from outside the United States to travel and study there for two years.
The Commonwealth Fund now concentrates health care.
Anna Richardson Harkness created the CommonwealthFund in 1918 as a philanthropic outlet for the fortune amassed by her late husband, Stephen V. Harkness, one of John D. Rockefeller's original partners in Standard Oil.
The CommonwealthFund was a major contributor to the child guidance movement from 1922 to 1945.
The fund's Division of Rural Hospitals built the Rutherford Hospital in Murfreesboro (1927) and contributed to the Holston Valley Community Hospital in Kingsport (1935).
The CommonwealthFund is a charitable foundation established in 1918 by Anna Harkness (wife of one of the original Standard Oil investors, Stephen Harkness) with her initial gift of $10,000,000.
The Fund is one of the major philanthropic foundations in the United States and one of the few established by a woman.
In New York City, it was the CommonwealthFund that was the major contributor to Columbia University for the building of a new Columbia-Presbyterian Medical Center of the College of Physicians and Surgeons and Presbyterian Hospital in 1922.
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