Cornerstone Foundation
Preselected recipients only
Cornerstone Foundation is a private foundation in Cincinnati, Ohio. In tax year 2024 it gave $71,794 in 15 grants; the typical grant was $3,000 and the largest $20,094. 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$71,794
- Number of grants15
- Typical grant$3,000
- Largest grant$20,094
- Assets$1.0 million
- New grantees27%
Giving in 2024 was up from $44,600 the year before.
27% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $44,600 | 13 | $943,032 |
| 2024 | $71,794 | 15 | $1.0 million |
How to apply
Cornerstone 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 Foundation funds
Where it gives
Its grants went to recipients in 6 states, the most to Ohio.
| State | Grants | Amount |
|---|---|---|
| Ohio | 10 | $37,600 |
| Illinois | 1 | $20,094 |
| New York | 1 | $6,000 |
| Pennsylvania | 1 | $5,000 |
| Colorado | 1 | $2,600 |
| California | 1 | $500 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Olivet University | Charitable | $20,094 |
| City Gospel Mission | Charitable | $10,000 |
| Tunnels to Towers | Charitable | $6,000 |
| Chca | Charitable | $6,000 |
| Restavec | Charitable | $5,000 |
| In Faith | Charitable | $5,000 |
| Prokids | Charitable | $5,000 |
| Urban Young Life | Charitable | $3,000 |
| Omf International | Charitable | $2,600 |
| Crossroads Health Center | Charitable | $2,500 |
| Lighthouse Youth Services | Charitable | $2,500 |
| Rising Leaders | Charitable | $2,000 |
| Child's Hope | Charitable | $1,000 |
| Back to Back Ministries | Charitable | $600 |
| Daily Hope Ministries | Charitable | $500 |
Officers and trustees
- Ronald H McSwain
- Phyllis McSwain
- Jason McSwain
- Julie Carnes
- Michelle Bacon
Questions people ask
Does Cornerstone Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Cornerstone Foundation give?
$71,794 in tax year 2024, across 15 grants, with a typical grant of $3,000.
Who runs Cornerstone Foundation?
Its 2024 filing lists Ronald H McSwain (President/Treasurer), Phyllis McSwain (Vice President), Jason McSwain (Secretary) and Julie Carnes (Director) among 5 officers and trustees.
What does Cornerstone Foundation fund?
Based on its grants, mainly faith communities and youth programs.