Cornerstone Foundation
At a glance
This funder does not accept unsolicited applications. The foundation chooses the organisations it funds itself.
Key takeaways
- The filing states that the foundation does not accept unsolicited requests and works by invitation only, so a cold application is unlikely to be the route in; a small nonprofit should look first for a way to be introduced or known to it.
- Its recorded grants lean towards camp scholarships, with ministry, humanitarian, building and education work also appearing, so camp, church and ministry organisations will see the closest match.
- About 8 in 10 of its 92 grants fall between $10,000 and $135,000, with a median of $40,000, so a request in the tens of thousands is closest to its usual pattern, though its largest grant was $365,000 and the band is not a ceiling.
- Repeat recipients took 81% of its grant dollars in the most recent filing, so a newer applicant should expect a harder route, but should not be put off by being new.
- No geographic focus is stated, and its grants are mainly in Pennsylvania, Texas, Georgia, North Carolina, Wyoming and the United States, so an organisation elsewhere should not assume it is excluded.
Overview
Cornerstone Foundation is a US private foundation based in Elverson, PA.
What they fund
Profile based on the foundation's IRS Form 990-PF filings (TY2024, TY2023, TY2022) only: no website or other web source for the foundation was found. Every statement is checked against the filings. Sources read on 7 October 2026.
Priority Areas
Camp scholarships are the largest stated purpose across its recorded grants. Other recorded purposes include ministry and domestic and international humanitarian needs, building projects, church feeding projects, Latin American outreach training, scholarships, missionary support and relief. Recipients include camps, churches, mission and ministry organisations, and educational institutions. Taken together, the recorded awards support camp-related work and ministry, alongside construction, education and humanitarian needs. Its filing describes contributions to preselected charitable organisations, and its grant record includes recipients in several US states as well as outside the United States.
Themes
From its grants, not stated by the foundation:
- Camp scholarships
Geographic Focus
No geographic focus is stated; the filings show grants mainly in Pennsylvania, Texas, Georgia, North Carolina, Wyoming and the United States.
How to apply
The foundation states that it does not accept unsolicited requests.
Application success factors
- Repeat giving: In its TY2024 filing, 81% of its grant dollars to organisations went to organisations it had also funded in its TY2022 or TY2023 filing.
- Grant size: Across its TY2022, TY2023 and TY2024 filings, half of its 92 grants to organisations were $40,000 or less.
Where grants go
From grants to organisations in the foundation’s filings for tax years 2022–2024.
Grant dollars by state
6 other states: 19%
Outside the US or with no state on the filing: 5%
- The largest single recipient received 9% of grant dollars to organisations.
- In tax year 2024, 81% of grant dollars went to organisations Cornerstone Foundation had funded in earlier filings.
- 1% of grant dollars went directly to organisations outside the US (Mexico).
Grants
How much do they typically give?
Share of 26 grants in tax year 2024 by size
Median $31,000 (tax year 2024)
The largest grants to organisations in the foundation’s latest filing:
- Camp Kanesatake · Charitable, camp scholarships$300,0002024 tax year
- Operation Renewed Hope · Charitable, ministry, domestic and international humanitarian needs$200,0002024 tax year
- Camp Loma Devida · Charitable, camp scholarships, security related projects$150,0002024 tax year
- Deer Creek Camp · Charitable, facilities project$150,0002024 tax year
- Grand View Camp · Charitable, camp scholarships$145,0002024 tax year
- Red Cliff Bible Camp · Charitable, building projects$124,0002024 tax year
- Bay Cities Fellowship · Charitable, hurricane relief$100,0002024 tax year
- Abwe · Charitable, scholarhips$82,7002024 tax year
Grants to organisations listed in the foundation’s Form 990-PF filings. Grants to individuals are not shown.
Officers and directors
- Jane Cone — Director
- Julie Zuber — Director
- Timothy Cone — Director
- Michael T Cone — Director
- Stephen E Cone — Director
- Derial H Sanders — Director
- Philip J Cone — Vice President / Secretary
- Edward H Cone — President / Treasurer
From the latest Form 990-PF filing
3 years of tax filings
| Year | Total expenses | Grants paid | Assets | Filing document |
|---|---|---|---|---|
| 2022 tax year | $2,083,125 | $1,802,645 | $26,810,020 | Filing for 2022 tax year |
| 2023 tax year | $2,388,068 | $1,972,725 | $26,921,328 | Filing for 2023 tax year |
| 2024 tax year | $2,122,662 | $1,656,455 | $27,971,228 | Filing for 2024 tax year |
Figures from the foundation’s IRS Form 990-PF filings. Assets are at fair market value at year end. The document icon links to each year’s filing on ProPublica Nonprofit Explorer.
Sources
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At a glance
Applying to Cornerstone Foundation?
Hinchilla drafts your answers around this funder's priorities, using your organisation's own documents.
No credit card required
Contact
- Elverson, PA
Applying to Cornerstone Foundation?
Hinchilla drafts your answers around this funder's priorities, using your organisation's own documents.
No credit card required
Contact
- Elverson, PA