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4 Cornerstones Foundation is a private corporation based in EDINA, MN. The foundation received its IRS ruling in 2020. It holds total assets of $51M. Annual income is reported at $2.5M. Total assets have grown from N/A in 2019 to $50.9M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of arts & culture. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2019 to 2023. Funding is distributed across 6 states, including Minnesota, Illinois, Massachusetts. According to available records, 4 Cornerstones Foundation has made 64 grants totaling $8.7M, with a median grant of $25K. Annual giving has grown from $1.3M in 2021 to $2.2M in 2023. Grantmaking activity was highest in 2022 with $5.2M distributed across 38 grants. Individual grants have ranged from $100 to $1M, with an average award of $136K. The foundation has supported 29 unique organizations. The foundation primarily supports organizations in Minnesota, Oregon, Maryland, which account for 72% of all grants. Grantmaking reaches organizations across 12 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$25K
Average Grant
$141K
Largest Grant
$500K
Based on 9 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
4 Cornerstones Foundation primarily funds organizations in the area of arts & culture. Based on available records, the foundation has funded 64 grants. Its grantmaking reaches organizations primarily in MN, OR, MD.
4 Cornerstones Foundation has distributed a total of $8.7M across 64 grants. The median grant size is $25K, with an average of $136K. Individual grants have ranged from $100 to $1M.
4 Cornerstones Foundation typically selects its grantees rather than accepting unsolicited proposals.
4 Cornerstones Foundation is headquartered in EDINA, MN. While based in MN, the foundation distributes grants to organizations across 12 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David Wichmann | SECRETARY | $0 | $0 | N/A |
| Therese Wichmann | TREASURER | $0 | $0 | N/A |
| Anne Wichmann | PRESIDENT | $0 | $0 | N/A |
Total Giving
$2.2M
Total Assets
$50.9M
Fair Market Value
$50.9M
Net Worth
$50.9M
Grants Paid
$2.2M
Contributions
N/A
Net Investment Income
$2.4M
Distribution Amount
$2.5M
Total Grants
64
Total Giving
$8.7M
Average Grant
$136K
Median Grant
$25K
Unique Recipients
29
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cf FoundationGENERAL SUPPORT | Minneapolis, MN | $10K | 2023 |
| St John The Baptist Catholic ChurchGENERAL SUPPORT | Savage, MN | $25K | 2022 |
| University Of Oregon FoundationGENERAL SUPPORT | Eugene, OR | $682K | 2023 |
| Special OlympicsGENERAL SUPPORT | Minneapolis, MN | $500K | 2023 |
| Sport And Entertainment Corporation Of MarylandGENERAL SUPPORT | Baltimore, MD | $500K | 2023 |
| Unitedhealthcare Children'S FoundationGENERAL SUPPORT | Minneapolis, MN | $150K | 2023 |
| Marist Catholic High SchoolGENERAL SUPPORT | Eugene, OR | $100K | 2023 |
| Camp OdayinGENERAL SUPPORT | Oakdale, MN | $50K | 2023 |
| Usa Track And Field Foundation IncGENERAL SUPPORT | Salem, OH | $50K | 2023 |
| First Tee Southern ColoradoGENERAL SUPPORT | Colorado Springs, CO | $50K | 2023 |
| Free Bikes 4 KidzGENERAL SUPPORT | St Louis Park, MN | $25K | 2023 |
| National Association Of Catholic ChaplainsGENERAL SUPPORT | Milwaukee, WI | $25K | 2023 |
| AcesGENERAL SUPPORT | Minneapolis, MN | $25K | 2023 |
| The Humanity AllianceGENERAL SUPPORT | Victoria, MN | $15K | 2023 |
| St Andrew Parish SchoolGENERAL SUPPORT | Delavan, WI | $10K | 2023 |
| The Parrish Family FundGENERAL SUPPORT | Minneapolis, MN | $2K | 2023 |
| Catholic Charities Diocese Of PittsburghGENERAL SUPPORT | Pittsburgh, MN | $1K | 2023 |
| Academy Of Holy AngelsGENERAL SUPPORT | Richfeild, MN | $1K | 2023 |
| Ymca Of The NorthGENERAL SUPPORT | Minneapolis, MN | $250K | 2022 |
| St Mathias Catholic ChurchGENERAL SUPPORT | Hampton, MN | $20K | 2022 |
| St Mary'S Catholic Church New TrierGENERAL SUPPORT | Hampton, MN | $20K | 2022 |
| St John The Baptist Catholic SchoolGENERAL SUPPORT | Vermillion, MN | $15K | 2022 |
| Olivia'S LightGENERAL SUPPORT | North Garden, VA | $5K | 2022 |
| Bais YisroelGENERAL SUPPORT | Minneapolis, MN | $3K | 2022 |