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Cornerstone Foundation is a private corporation based in ELVERSON, PA. The foundation received its IRS ruling in 1990. The principal officer is Edward H Cone. It holds total assets of $24.6M. Annual income is reported at $7.5M. Total assets have grown from $14.7M in 2011 to $24.6M in 2024. The foundation is governed by 7 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. According to available records, Cornerstone Foundation has made 131 grants totaling $7.6M, with a median grant of $40K. The foundation has distributed between $2M and $3.6M annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $3.6M distributed across 66 grants. Individual grants have ranged from $5K to $375K, with an average award of $58K. The foundation has supported 49 unique organizations. The foundation primarily supports organizations in Pennsylvania, Texas, Georgia, which account for 44% of all grants. Grantmaking reaches organizations across 18 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$34K
Average Grant
$64K
Largest Grant
$375K
Based on 32 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 131 grants. Its grantmaking reaches organizations primarily in PA, TX, GA.
Cornerstone Foundation has distributed a total of $7.6M across 131 grants. The median grant size is $40K, with an average of $58K. Individual grants have ranged from $5K to $375K.
Cornerstone Foundation typically selects its grantees rather than accepting unsolicited proposals.
Cornerstone Foundation is headquartered in ELVERSON, PA. While based in PA, the foundation distributes grants to organizations across 18 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael T Cone | DIRECTOR | $0 | $0 | N/A |
| Edward H Cone | PRESIDENT/TREASURER | $0 | $0 | N/A |
| Robert L Cone | VICE PRESIDENT/SECRETARY | $0 | $0 | N/A |
| Derial H Sanders | DIRECTOR | $0 | $0 | N/A |
| Stephen E Cone | DIRECTOR | $0 | $0 | N/A |
| Julie Zuber | DIRECTOR | $0 | $0 | N/A |
| Philip J Cone | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$24.6M
Fair Market Value
N/A
Net Worth
$24.6M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
131
Total Giving
$7.6M
Average Grant
$58K
Median Grant
$40K
Unique Recipients
49
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Building Great LeadersCHARITABLE | Taylors, SC | $20K | 2023 |
| Camp GraceCHARITABLE, CAMP SCHOLARSHIPS | Roberta, GA | $5K | 2023 |
| Biblical Ministries WorldwideCHARITABLE, CHURCH FEEDING PROJECT | Lawrenceville, GA | $365K | 2023 |
| High Point CampCHARITABLE, CAMP SCHOLARSHIPS | Birdsboro, PA | $260K | 2023 |
| Camp Loma DevidaCHARITABLE, MATERIALS FOR PROJECTS | Edinburg, TX | $140K | 2023 |
| Operation Renewed HopeCHARITABLE, MINISTRY, DOMESTIC AND INTERNATIONAL HUMANITARIAN NEEDS | Fayetteville, NC | $128K | 2023 |
| Red Cliff Bible CampCHARITABLE, BUILDING PROJECTS | Pinedale, WY | $125K | 2023 |
| Grand View CampCHARITABLE, CAMP SCHOLARSHIPS | Sellersville, PA | $120K | 2023 |
| West Side Baptist ChurchCHARITABLE, BUILDING PROJECTS | Philadelphia, PA | $100K | 2023 |
| Gospel Mission Of South AmericaCHARITABLE, BUILDING PROJECTS | Ft Lauderdale, FL | $80K | 2023 |
| Camp KanesatakeCHARITABLE, CAMP SCHOLARSHIPS, GEOTECHNICAL TESTING | Spruce Creek, PA | $64K | 2023 |
| Baptist Mid-MissionsCHARITABLE | Cleveland, OH | $49K | 2023 |
| Faith Global MissionCHARITABLE, SCHOLARSHIPS | Lafayette, IN | $46K | 2023 |
| Ironwood CampCHARITABLE, CAMP SCHOLARSHIPS | Newberry Springs, CA | $45K | 2023 |
| Camp ChetekCHARITABLE, CAMP SCHOLARSHIPS | Chetek, WI | $40K | 2023 |
| All Points Baptist MissionCHARITABLE, ETHAN SHIELD HANGAR FUND | New Philadelphia, OH | $40K | 2023 |
| Hidden Treasures MinistriesCHARITABLE, GENERAL FUND | Taylors, SC | $40K | 2023 |
| Bethany ChurchCHARITABLE, LATIN AMERICAN OUTREACH TRAINING | Reading, PA | $40K | 2023 |
| AbweCHARITABLE, SCHOLARHIPS | Harrisburg, PA | $37K | 2023 |
| Camps AbroadCHARITABLE, SUPPORT FOR INTERNATIONAL CAMPS | Taylors, SC | $30K | 2023 |
| Longview CampCHARITABLE, CABIN RENOVATIONS | Arcade, NY | $25K | 2023 |
| Iowa Regular Baptist CampCHARITABLE, CAMP SCHOLARSHIPS | Ventura, IA | $25K | 2023 |
| Woodlands CampCHARITABLE, CAMP SCHOLARSHIPS | Cleveland, GA | $25K | 2023 |
| Southland Christian MinistriesCHARITABLE, CAMP SCHOLARSHIPS | Ringgold, LA | $20K | 2023 |
| Baptist Evangelistic Ministry Endeavors Latin AmericaCHARITABLE, CAMPER PURCHASE | Burlington, IA | $15K | 2023 |
| Bob Jones UniversityCHARITABLE, SCHOOL OF BUSINESS | Greenville, SC | $15K | 2023 |
| Bible Visuals InternationalCHARITABLE, MONGOLIAN AND SPANISH PROJECTS | Akron, PA | $13K | 2023 |
| Calvary Baptist ChurchCHARITABLE, CAMP SCHOLARSHIPS | Lansdale, PA | $10K | 2023 |
| Appalachian Bible CollegeCHARITABLE, CAMP SCHOLARSHIPS | Mount Hope, WV | $10K | 2023 |
| Mt Lou San Bible CampCHARITABLE, CAMP SCHOLARSHIPS | Harrisburg, PA | $10K | 2023 |
| Lily Pad IncCHARITABLE | Greer, SC | $10K | 2023 |
| The Wilds Of New EnglandCHARITABLE, CAMP SCHOLARSHIPS | Deering, NH | $10K | 2023 |
| Wolf Mountain CampsCHARITABLE, STAFF HOUSING EQUIPMENT | Grass Valley, CA | $10K | 2023 |
| Kingdom Air CorpsBUILDING PROJECT | Sutton, AK | $125K | 2022 |
| Macedonian Christian AcademyBUILDING PROJECT | Donna, TX | $100K | 2022 |