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J B Cornelius Foundation Inc. is a private corporation based in GREENWOOD, SC. The foundation received its IRS ruling in 1940. The principal officer is John L Sherrill. It holds total assets of $1.7M. Annual income is reported at $613K. The foundation is governed by 6 officers and trustees. Provide Academic Scholarships to women attending Methodist schools in North Carolina. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2024. According to available records, J B Cornelius Foundation Inc. has made 6 grants totaling $297K, with a median grant of $49K. The foundation has distributed between $95K and $105K annually from 2021 to 2024. Individual grants have ranged from $37K to $68K, with an average award of $50K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
Provide Academic Scholarships to women attending Methodist schools in North Carolina
Expenses: $105K
Provide Academic Scholarships to women attending Methodist schools in North Carolina. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in NC.
J B Cornelius Foundation Inc. has distributed a total of $297K across 6 grants. The median grant size is $49K, with an average of $50K. Individual grants have ranged from $37K to $68K.
J B Cornelius Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. The application deadline is 06-01-22. Females attending Methodist Schools in North Carolina.
J B Cornelius Foundation Inc. is headquartered in GREENWOOD, SC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John L Sherrill | SECRETARY/TR | $15K | $0 | $15K |
| Frank C Sherrill Ii | DIRECTOR | $0 | $0 | N/A |
| Edwin S Young Jr | DIRECTOR | $0 | $0 | N/A |
| C Kermit Sherrill | DIRECTOR | $0 | $0 | N/A |
| John L Sherrill Jr | DIRECTOR | $0 | $0 | N/A |
| Mrs Edwin S Young | PRESIDENT | $0 | $0 | N/A |
Total Giving
$117K
Total Assets
$1.7M
Fair Market Value
$1.8M
Net Worth
$1.7M
Grants Paid
$97K
Contributions
N/A
Net Investment Income
$112K
Distribution Amount
$83K
Total: $327K
Total Grants
6
Total Giving
$297K
Average Grant
$50K
Median Grant
$49K
Unique Recipients
2
Most Common Grant
$46K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Greensboro CollegeTO PROVIDE GRANTS TO FEMALE STUDENTS | Greensboro, NC | $51K | 2024 |
| Pfeiffer UniversityTO PROVIDE GRANTS TO FEMALE STUDENTS | Misenheimer, NC | $46K | 2024 |
LAKE CITY, SC
CHARLESTON, SC
COLUMBIA, SC