Cornerstone Legacy Foundation
Preselected recipients only
Cornerstone Legacy Foundation is a private foundation in Irvine, California. In tax year 2024 it gave $398,640 in 8 grants; the typical grant was $11,000 and the largest $295,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$398,640
- Number of grants8
- Typical grant$11,000
- Largest grant$295,000
- Assets$784,663
- New grantees50%
Giving in 2024 was down from $1.7 million the year before.
50% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $1.7 million | 11 | $945,160 |
| 2024 | $398,640 | 8 | $784,663 |
How to apply
Cornerstone Legacy Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Cornerstone Legacy Foundation funds
Where it gives
Its grants went to recipients in 5 states, the most to California.
| State | Grants | Amount |
|---|---|---|
| California | 4 | $356,000 |
| Texas | 1 | $20,000 |
| Florida | 1 | $12,000 |
| District of Columbia | 1 | $9,640 |
| North Carolina | 1 | $1,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| National Christian Foundation | Support of exempt function | $295,000 |
| Hoag Hospital Foundation | Support of exempt function | $50,000 |
| Trinity Fellowship Church | Support of exempt function | $20,000 |
| Wycliff Bible Translators | Support of exempt function | $12,000 |
| California Family Council | Support of exempt function | $10,000 |
| Family Research Council | Support of exempt function | $9,640 |
| Mariners Church | Support of exempt function | $1,000 |
| Samaritan's Purse | Support of exempt function | $1,000 |
Officers and trustees
- Gerald Pharris
- Lynn Pharris
- Catherine Anderson
- Brian Pharris
- Jonathan Pharris
Questions people ask
Does Cornerstone Legacy Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Cornerstone Legacy Foundation give?
$398,640 in tax year 2024, across 8 grants, with a typical grant of $11,000.
Who runs Cornerstone Legacy Foundation?
Its 2024 filing lists Gerald Pharris (Ceo), Lynn Pharris (Secretary / Cfo), Catherine Anderson (Director) and Brian Pharris (Director) among 5 officers and trustees.
What does Cornerstone Legacy Foundation fund?
Based on its grants, mainly faith communities.