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Cornwell Foundation is a private corporation based in CHARLOTTE, NC. The foundation received its IRS ruling in 2016. The principal officer is William D Cornwell Jr. It holds total assets of $4.1M. Annual income is reported at $171K. Total assets have grown from $163K in 2015 to $3.9M 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. Grantmaking is concentrated in North Carolina. According to available records, Cornwell Foundation has made 43 grants totaling $327K, with a median grant of $7K. Annual giving has grown from $83K in 2020 to $164K in 2022. Individual grants have ranged from $2K to $15K, with an average award of $8K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in North Carolina, Georgia, Illinois, which account for 98% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$8K
Average Grant
$8K
Largest Grant
$15K
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.
Cornwell Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 43 grants. Its grantmaking reaches organizations primarily in NC, GA, IL.
Cornwell Foundation has distributed a total of $327K across 43 grants. The median grant size is $7K, with an average of $8K. Individual grants have ranged from $2K to $15K.
Cornwell Foundation typically selects its grantees rather than accepting unsolicited proposals.
Cornwell Foundation is headquartered in CHARLOTTE, NC. While based in NC, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| William D Cornwell Jr | PRESIDENT AND TREASURER | $0 | $0 | N/A |
| Sara Catherine Cornwell Philpott | VICE PRESIDENT AND ASST. SECRETA | $0 | $0 | N/A |
| Melissa W Cornwell | VICE PRESIDENT AND SECRETA | $0 | $0 | N/A |
Total Giving
$218K
Total Assets
$3.9M
Fair Market Value
$3.9M
Net Worth
$3.9M
Grants Paid
$176K
Contributions
$34K
Net Investment Income
$95K
Distribution Amount
$183K
Total: $1M
Total Grants
43
Total Giving
$327K
Average Grant
$8K
Median Grant
$7K
Unique Recipients
14
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Darlington SchoolTO SUPPORT THE ANNUAL FUND | Rome, GA | $15K | 2022 |
| Charlotte Family HousingTO SUPPORT HOUSING IN CHARLOTTE | Charlotte, NC | $10K | 2022 |
| Myers Park United Methodist ChurchTO SUPPORT THE ANNUAL FUND. | Charlotte, NC | $10K | 2022 |
| Salvation Army Of Greater CharlotteTO SUPPORT THE CENTER OF HOPE | Charlotte, NC | $10K | 2022 |
| Crisis Assistance MinistryTO SUPPORT THE EFFORTS TO REDUCE HOMELESSNESS | Charlotte, NC | $10K | 2022 |
| Northwestern UniversityTO SUPPORT THE KELLOGG SCHOOL ANNUAL FUND | Evanston, IL | $5K | 2022 |
| Children'S TheatreTO SUPPORT THE ARTS | Charlotte, NC | $5K | 2022 |
| Queens University Cato School Of EducationTO SUPPORT THE ANNUAL FUND | Charlotte, NC | $5K | 2022 |
| University Of North Carolina At Chapel Hill (Arts And Sciences Foundation)TO SUPPORT THE ARTS AND SCIENCES ANNUAL FUND | Chapel Hill, NC | $5K | 2022 |
| University Of North Carolina At Chapel Hill (Kenan-Flagler Business School)TO SUPPORT THE FUND FOR UNC KENAN-FLAGLER | Chapel Hill, NC | $5K | 2022 |
| Charlotte Country DayTO SUPPORT THE FUND | Charlotte, NC | $2K | 2022 |
| Salvation Army Center Of HopeTO SUPPORT THE CENTER OF HOPE | Charlotte, NC | $10K | 2021 |
| United Way Of Central CarolinasTO SUPPORT COVID-19 RELIEF | Charlotte, NC | $10K | 2020 |
| American Red CrossTO SUPPORT DISASTER RELIEF EFFORTS | Washington, DC | $3K | 2020 |