Cornerstone Foundation
Preselected recipients only
Cornerstone Foundation is a private foundation in Elverson, Pennsylvania. In tax year 2024 it gave $1.7 million in 26 grants; the typical grant was $31,000 and the largest $300,000. 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$1.7 million
- Number of grants26
- Typical grant$31,000
- Largest grant$300,000
- Assets$28.0 million
- New grantees31%
Giving in 2024 was down from $2.0 million the year before.
31% 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 | $2.0 million | 33 | $26.9 million |
| 2024 | $1.7 million | 26 | $28.0 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 15 states, the most to Pennsylvania.
| State | Grants | Amount |
|---|---|---|
| Pennsylvania | 6 | $590,525 |
| Texas | 4 | $340,000 |
| North Carolina | 1 | $200,000 |
| Wyoming | 1 | $124,000 |
| Florida | 2 | $110,000 |
| Georgia | 3 | $95,000 |
| California | 1 | $40,000 |
| Wisconsin | 1 | $40,000 |
| Ohio | 1 | $30,000 |
| New York | 1 | $20,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Camp Kanesatake | Charitable, camp scholarships | $300,000 |
| Operation Renewed Hope | Charitable, ministry, domestic and international humanitarian needs | $200,000 |
| Camp Loma Devida | Charitable, camp scholarships, security related projects | $150,000 |
| Deer Creek Camp | Charitable, facilities project | $150,000 |
| Grand View Camp | Charitable, camp scholarships | $145,000 |
| Red Cliff Bible Camp | Charitable, building projects | $124,000 |
| Bay Cities Fellowship | Charitable, hurricane relief | $100,000 |
| Abwe | Charitable, scholarhips | $82,700 |
| Biblical Ministries Worldwide | Charitable, waasayaa north bible camp | $50,000 |
| Bethany Church | Charitable, latin american outreach training | $45,000 |
| Camp Chetek | Charitable, camp scholarships | $40,000 |
| Ironwood Camp | Charitable, camp scholarships | $40,000 |
| Biblical Education for Latin America | Charitable, ucla project | $32,000 |
| All Points Baptist Mission | Charitable, ethan shield hangar fund | $30,000 |
| Woodlands Camp | Charitable, camp scholarships | $25,000 |
| Building Great Leaders | Charitable, year end gift | $20,000 |
| Grace Baptist Church | Charitable, new roof | $20,000 |
| Longview Camp | Charitable, camp scholarships, zipline | $20,000 |
| Southland Christian Ministries | Charitable, camp scholarships | $15,125 |
| Iowa Regular Baptist Camp | Charitable, camp scholarships | $15,000 |
| Camp Calvary | Charitable, camp scholarships | $12,000 |
| Set Centers International | Charitable, grace reigns project | $10,000 |
| The Wilds of New England | Charitable, camp scholarships | $10,000 |
| Oremundo Inc | Charitable, missionaries | $8,000 |
| Appalachian Bible College | Charitable, camp scholarships | $6,805 |
| High Point Baptist Chapel | Charitable, camp scholarships | $5,825 |
Officers and trustees
- Edward H Cone
- Philip J Cone
- Derial H Sanders
- Stephen E Cone
- Julie Zuber
- Jane Cone
- Michael T Cone
- Timothy Cone
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?
$1.7 million in tax year 2024, across 26 grants, with a typical grant of $31,000.
Who runs Cornerstone Foundation?
Its 2024 filing lists Edward H Cone (President/Treasurer), Philip J Cone (Vice President/Secretary), Derial H Sanders (Director) and Stephen E Cone (Director) among 8 officers and trustees.
What does Cornerstone Foundation fund?
Based on its grants, mainly youth programs, education and faith communities.