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Also known as: C/O STERLING FOUNDATION MANAGEMENT LLC
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Three Cords Foundation is a private corporation based in RESTON, VA. The foundation received its IRS ruling in 2022. The principal officer is Jc Chang. It holds total assets of $16K. Annual income is reported at $2.7M. Total assets have grown from N/A in 2020 to $51K 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. Funding is distributed across 5 states, including Indiana, Illinois, Wisconsin. According to available records, Three Cords Foundation has made 18 grants totaling $5.5M, with a median grant of $100K. Annual giving has decreased from $4.2M in 2022 to $1.3M in 2023. Individual grants have ranged from $25K to $1.5M, with an average award of $307K. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in Illinois, Michigan, Indiana, which account for 67% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$25K
Median Grant
$100K
Average Grant
$303K
Largest Grant
$1.5M
Based on 7 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.
Three Cords Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in IL, MI, IN.
Three Cords Foundation has distributed a total of $5.5M across 18 grants. The median grant size is $100K, with an average of $307K. Individual grants have ranged from $25K to $1.5M.
Three Cords Foundation typically selects its grantees rather than accepting unsolicited proposals.
Three Cords Foundation is headquartered in RESTON, VA. While based in VA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Luke Stephenson | DIRECTOR | $0 | $0 | N/A |
| Jamie Stephenson | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Christopher Stephenson | SECRETARY/TREASURER/DIRECTOR | $0 | $0 | N/A |
Total Giving
$1.3M
Total Assets
$51K
Fair Market Value
$51K
Net Worth
$51K
Grants Paid
$1.3M
Contributions
$1.3M
Net Investment Income
N/A
Distribution Amount
$4K
Total Grants
18
Total Giving
$5.5M
Average Grant
$307K
Median Grant
$100K
Unique Recipients
8
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Trinity Christian CollegeGENERAL SUPPORT AND TO SUPPORT ADMISSIONS STRATEGIES WITH THE OVERALL GOAL OF POSITIVELY IMPACTING STUDENT RECRUITMENT | Palos Heights, IL | $850K | 2023 |
| Friends Of Lake LeelanauTO PROTECT AND ENHANCE THE QUALITY AND BEAUTY OF LAKE LEELANAU | Leland, MI | $330K | 2023 |
| Kids Connect Charitable FundGENERAL SUPPORT | Reston, VA | $54K | 2023 |
| Journey Church Of The Assemblies Of God IncGENERAL SUPPORT | Kenosha, WI | $50K | 2023 |
| Wabach CollegeSTEPHENSON INSTITUTE FOR CLASSICAL LIBERALISM | Crawfordsville, IN | $100K | 2022 |
| Christian Life SchoolGENERAL SUPPORT | Kenosha, WI | $100K | 2022 |
| Cranial Academy FoundationSCHOLARSHIPS | Indianapolis, IN | $25K | 2022 |
| American Academy Of OsteopathyNICHOLAS FUND TO SUPPORT STUDENT SCHOLARSHIPS FOR CONVOCATION PARTICIPATION | Indianapolis, IN | $25K | 2022 |