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Cornerstone Foundation Of Arkansas is a private trust based in BENTONVILLE, AR. The foundation received its IRS ruling in 2016. The principal officer is Stephen P Carter. It holds total assets of $656K. Annual income is reported at $18K. Total assets have decreased from $1.2M in 2014 to $662K in 2023. The foundation is governed by 2 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 2015 to 2023. According to available records, Cornerstone Foundation Of Arkansas has made 2 grants totaling $10K, with a median grant of $5K. Individual grants have ranged from $5K to $5K, with an average award of $5K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Arkansas. Contributions to this foundation are tax-deductible.
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 Of Arkansas primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in AR.
Cornerstone Foundation Of Arkansas has distributed a total of $10K across 2 grants. The median grant size is $5K, with an average of $5K. Individual grants have ranged from $5K to $5K.
Cornerstone Foundation Of Arkansas typically selects its grantees rather than accepting unsolicited proposals.
Cornerstone Foundation Of Arkansas is headquartered in BENTONVILLE, AR.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stephen P Carter | CO-TRUSTEE | $0 | $0 | N/A |
| Michelle Carter | CO-TRUSTEE | $0 | $0 | N/A |
Total Giving
$25K
Total Assets
$662K
Fair Market Value
$662K
Net Worth
$651K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$23K
Total Grants
2
Total Giving
$10K
Average Grant
$5K
Median Grant
$5K
Unique Recipients
2
Most Common Grant
$5K
of 2021 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Harding UniversityBISON HELMET PROJECT | Searcy, AR | $5K | 2021 |
| Bentonville Church Of ChristTO BE USED AS THE CHURCH SEES FIT | Bentonville, AR | $5K | 2021 |