//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Cornerstone Legacy Foundation is a private corporation based in IRVINE, CA. The foundation received its IRS ruling in 2004. It holds total assets of $785K. Annual income is reported at $312K. Total assets have decreased from $1.2M in 2011 to $785K in 2024. The foundation is governed by 5 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 2024. The foundation primarily funds organizations in California and Florida. According to available records, Cornerstone Legacy Foundation has made 19 grants totaling $2M, with a median grant of $22K. The foundation has distributed between $421K and $800K annually from 2020 to 2022. Individual grants have ranged from $2K to $730K, with an average award of $105K. The foundation has supported 12 unique organizations. Grants have been distributed to organizations in California and Florida and Oklahoma. Contributions to this foundation are tax-deductible.
Smallest Grant
$9K
Median Grant
$31K
Average Grant
$105K
Largest Grant
$350K
Based on 4 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 Legacy Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 19 grants. Its grantmaking reaches organizations primarily in CA, FL, OK.
Cornerstone Legacy Foundation has distributed a total of $2M across 19 grants. The median grant size is $22K, with an average of $105K. Individual grants have ranged from $2K to $730K.
Cornerstone Legacy Foundation typically selects its grantees rather than accepting unsolicited proposals.
Cornerstone Legacy Foundation is headquartered in IRVINE, CA. While based in CA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gerald Pharris | CEO | $0 | $0 | N/A |
| Catherine Anderson | DIRECTOR | $0 | $0 | N/A |
| Jonathan Pharris | DIRECTOR | $0 | $0 | N/A |
| Lynn Pharris | SECRETARY / CFO | $0 | $0 | N/A |
| Brian Pharris | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$785K
Fair Market Value
N/A
Net Worth
$779K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
19
Total Giving
$2M
Average Grant
$105K
Median Grant
$22K
Unique Recipients
12
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| National Christian FoundationSUPPORT OF EXEMPT FUNCTION | Costa Mesa, CA | $730K | 2022 |
| Hoag Hospital FouindationSUPPORT OF EXEMPT FUNCTION | Newport Beach, CA | $50K | 2022 |
| Wycliff Bible TranslatorsSUPPORT OF EXEMPT FUNCTION | Orlando, FL | $12K | 2022 |
| Free Wheelchair MissionSUPPORT OF EXEMPT FUNCTION | Irvine, CA | $8K | 2022 |
| Mariners ChurchSUPPORT OF EXEMPT FUNCTION | Irvine, CA | $50K | 2020 |
| The Obria Group IncSUPPORT OF EXEMPT FUNCTION | Tustin, CA | $25K | 2020 |
| The Master'S ProgramSUPPORT OF EXEMPT FUNCTION | Tustin, CA | $22K | 2020 |
| Rccd FoundationSUPPORT OF EXEMPT FUNCTION | Riverside, CA | $21K | 2020 |
| Museum Of The BibleSUPPORT OF EXEMPT FUNCTION | Oklahoma City, OK | $5K | 2020 |
| HomewordSUPPORT OF EXEMPT FUNCTION | San Juan Capistrano, CA | $5K | 2020 |
| Obria Medical ClinicsSUPPORT OF EXEMPT FUNCTION | Tustin, CA | $3K | 2020 |
| Neighborhood Youth AssociationSUPPORT OF EXEMPT FUNCTION | Venice, CA | $2K | 2020 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA