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Cornerstone Foundation is a private corporation based in CINCINNATI, OH. The foundation received its IRS ruling in 1988. It holds total assets of $779K. Annual income is reported at $498K. Total assets have decreased from $1.6M in 2011 to $740K in 2023. The foundation is governed by 5 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Ohio. According to available records, Cornerstone Foundation has made 79 grants totaling $360K, with a median grant of $3K. Annual giving has decreased from $151K in 2020 to $45K in 2023. Individual grants have ranged from $100 to $61K, with an average award of $5K. The foundation has supported 31 unique organizations. The foundation primarily supports organizations in Ohio, Illinois, Pennsylvania, which account for 84% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$2K
Average Grant
$8K
Largest Grant
$61K
Based on 20 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.
Cornerstone Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 79 grants. Its grantmaking reaches organizations primarily in OH, IL, PA.
Cornerstone Foundation has distributed a total of $360K across 79 grants. The median grant size is $3K, with an average of $5K. Individual grants have ranged from $100 to $61K.
Cornerstone Foundation typically selects its grantees rather than accepting unsolicited proposals.
Cornerstone Foundation is headquartered in CINCINNATI, OH. While based in OH, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ronald H Mcswain | PRESIDENT/TREASURER | $0 | $0 | N/A |
| Phyllis Mcswain | VICE PRESIDENT | $0 | $0 | N/A |
| Jason Mcswain | SECRETARY | $0 | $0 | N/A |
| Julie Carnes | DIRECTOR | $0 | $0 | N/A |
| Michelle Bacon | DIRECTOR | $0 | $0 | N/A |
Total Giving
$48K
Total Assets
$740K
Fair Market Value
$943K
Net Worth
$740K
Grants Paid
$45K
Contributions
N/A
Net Investment Income
$40K
Distribution Amount
$42K
Total: N/A
Total Grants
79
Total Giving
$360K
Average Grant
$5K
Median Grant
$3K
Unique Recipients
31
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| ProkidsCHARITABLE | Cincinnati, OH | $15K | 2023 |
| In FaithCHARITABLE | Exon, PA | $5K | 2023 |
| Urban Young LifeCHARITABLE | Mason, OH | $5K | 2023 |
| Crossroads Health CenterCHARITABLE | Mentor, OH | $5K | 2023 |
| Omf InternationalCHARITABLE | Littleton, CO | $3K | 2023 |
| Lighthouse Youth ServicesCHARITABLE | Cincinnati, OH | $3K | 2023 |
| ChcaCHARITABLE | Cincinnati, OH | $2K | 2023 |
| RestavecCHARITABLE | Cincinnati, OH | $2K | 2023 |
| New Life Vineyard ChurchCHARITABLE | Hamilton, OH | $2K | 2023 |
| City Gospel MissionCHARITABLE | Cincinnati, OH | $1K | 2023 |
| Child'S HopeCHARITABLE | Sharonville, OH | $1K | 2023 |
| Jobs PlusCHARITABLE | Cincinnati, OH | $1K | 2023 |
| Back To Back MinistriesCHARITABLE | Mason, OH | $200 | 2023 |
| Olivet Nazarene UniversityCHARITABLE | Bourbonnais, IL | $10K | 2022 |
| One MissionCHARITABLE | Greenwood, IN | $4K | 2022 |
| Wagner CollegeCHARITABLE | Staten Island, NY | $3K | 2022 |
| Springdale Nazarene ChurchCHARITABLE | Cincinnati, OH | $2K | 2022 |
| Cincinnati Woman'S ClubCHARITABLE | Cincinnati, OH | $100 | 2022 |
| Emergency Shelter Of NkyCHARITABLE | Covington, KY | $4K | 2021 |
| Rising LeadersCHARITABLE | Cincinnati, OH | $3K | 2021 |