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Cornerstone Foundation Inc. is a private corporation based in WASHINGTON, DC. The foundation received its IRS ruling in 2005. The principal officer is Bradley J Vogt. It holds total assets of $52.4M. Annual income is reported at $55.7M. Total assets have grown from $7.8M in 2011 to $45.9M in 2023. The foundation is governed by 3 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 2020 to 2023. According to available records, Cornerstone Foundation Inc. has made 53 grants totaling $8.6M, with a median grant of $150K. The foundation has distributed between $1.6M and $3.4M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $3.4M distributed across 22 grants. Individual grants have ranged from $50K to $325K, with an average award of $161K. The foundation has supported 17 unique organizations. The foundation primarily supports organizations in District of Columbia, Maine, New York, which account for 81% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$50K
Median Grant
$125K
Average Grant
$155K
Largest Grant
$300K
Based on 11 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 53 grants. Its grantmaking reaches organizations primarily in DC, ME, NY.
Cornerstone Foundation Inc. has distributed a total of $8.6M across 53 grants. The median grant size is $150K, with an average of $161K. Individual grants have ranged from $50K to $325K.
Cornerstone Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Cornerstone Foundation Inc. is headquartered in WASHINGTON, DC. While based in DC, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Martin Romo | TRUSTEE | $0 | $0 | N/A |
| Katherine M Vogt | TREASURER | $0 | $0 | N/A |
| Bradley J Vogt | PRESIDENT | $0 | $0 | N/A |
Total Giving
$2M
Total Assets
$45.9M
Fair Market Value
$51.5M
Net Worth
$45.9M
Grants Paid
$1.9M
Contributions
N/A
Net Investment Income
$1.9M
Distribution Amount
$2.4M
Total: $44M
Total Grants
53
Total Giving
$8.6M
Average Grant
$161K
Median Grant
$150K
Unique Recipients
17
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Island InstituteSUPPORT CHARITABLE ACTIVITIES | Rockland, ME | $325K | 2023 |
| Environmental Defense FundSUPPORT CHARITABLE ACTIVITIES | Washington, DC | $325K | 2023 |
| Teach For AmericaSUPPORT CHARITABLE ACTIVITIES | Washington, DC | $225K | 2023 |
| House Of RuthSUPPORT CHARITABLE ACTIVITIES | Washington, DC | $225K | 2023 |
| Planned Parenthood Federation Of America IncSUPPORT CHARITABLE ACTIVITIES | New York, NY | $190K | 2023 |
| The Posse Foundation DcSUPPORT CHARITABLE ACTIVITIES | Washington, DC | $140K | 2023 |
| Children'S Literacy InitiativeSUPPORT CHARITABLE ACTIVITIES | Philadelphia, PA | $140K | 2023 |
| Brennan Center For JusticeSUPPORT CHARITABLE ACTIVITIES | Washington, DC | $110K | 2023 |
| Thurgood Marshall College FundSUPPORT CHARITABLE ACTIVITIES | Washington, DC | $75K | 2023 |
| Rock The VoteSUPPORT CHARITABLE ACTIVITIES | Washington, DC | $55K | 2023 |
| Basic FundSUPPORT CHARITABLE ACTIVITIES | Oakland, CA | $55K | 2023 |
| The Island InstituteSUPPORT CHARITABLE ACTIVITIES | Rockland, ME | $300K | 2022 |
| Planned ParenthoodSUPPORT CHARITABLE ACTIVITIES | New York, NY | $175K | 2022 |
| The Possee Foundation DcSUPPORT CHARITABLE ACTIVITIES | Washington, DC | $125K | 2022 |
| Teach For America DcmdSUPPORT CHARITABLE ACTIVITIES | Washington, DC | $250K | 2021 |
| Children'S Literary InitiativeSUPPORT CHARITABLE ACTIVITIES | Philadelphia, PA | $150K | 2021 |
| For The Love Of ChildrenSUPPORT CHARITABLE ACTIVITIES | Washington, DC | $188K | 2020 |