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Cornerstone Foundation Inc. is a private corporation based in ESTES PARK, CO. The foundation received its IRS ruling in 2003. The principal officer is James B Fay. It holds total assets of $723K. Annual income is reported at $107K. Total assets have decreased from $1.4M in 2011 to $800K in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Funding is distributed across 5 states, including Colorado, Nebraska, District of Columbia. According to available records, Cornerstone Foundation Inc. has made 30 grants totaling $302K, with a median grant of $4K. The foundation has distributed between $75K and $150K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $150K distributed across 14 grants. Individual grants have ranged from $1K to $50K, with an average award of $10K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in Colorado, Nebraska, North Carolina, which account for 73% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$5K
Average Grant
$11K
Largest Grant
$45K
Based on 7 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 Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 30 grants. Its grantmaking reaches organizations primarily in CO, NE, NC.
Cornerstone Foundation Inc. has distributed a total of $302K across 30 grants. The median grant size is $4K, with an average of $10K. Individual grants have ranged from $1K to $50K.
Cornerstone Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Cornerstone Foundation Inc. is headquartered in ESTES PARK, CO. While based in CO, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Emma M Fay | DIRECTOR | $0 | $0 | N/A |
| James B Fay | PRESIDENT/TR | $0 | $0 | N/A |
| Mary K Fay | SECRETARY | $0 | $0 | N/A |
| Tessa E Fay | DIRECTOR | $0 | $0 | N/A |
Total Giving
$89K
Total Assets
$800K
Fair Market Value
$1.6M
Net Worth
$800K
Grants Paid
$77K
Contributions
N/A
Net Investment Income
$20K
Distribution Amount
$435K
Total: $708K
Total Grants
30
Total Giving
$302K
Average Grant
$10K
Median Grant
$4K
Unique Recipients
11
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| People'S City MissionRELIGIOUS BASED AID TO DISADVANTAGED | Lincoln, NE | $1K | 2021 |
| Rocky Mountain Evangelical ChurchSPREAD THE TEACHINGS OF THE BIBLE | Estes Park, CO | $50K | 2023 |
| Samaritan'S PurseSPIRITUAL AND PHYSICAL AID IN TIMES | Boone, NC | $10K | 2023 |
| Lincoln Christian School FoundationRAISING LEADERS IN TRUTH CAPITAL | Lincoln, NE | $5K | 2023 |
| The Pearl ChurchSPREAD THE TEACHINGS OF THE BIBLE | Denver, CO | $5K | 2023 |
| Gideons InternationalSPREAD THE TEACHINGS OF THE BIBLE | Nashville, TN | $3K | 2023 |
| American Center For Law And JusticePROTECT RELIGIOUS & FREEDOMS | Washington, DC | $3K | 2023 |
| Crossroads Ministry Of Estes ParkSPREAD THE TEACHINGS OF THE BIBLE | Estes Park, CO | $2K | 2023 |
| Lincoln Berean ChurchSPREAD THE TEACHINGS OF THE BIBLE | Lincoln, NE | $5K | 2021 |
| Pregnancy CenterASSIST WOMEN WITH PREGNANCY ISSUES | Lincoln, NE | $2K | 2021 |
| Tunnel To TowersSUPPORT VETERANS AND THEIR FAMILIES | Staten Island, NY | $2K | 2021 |