Alverin M Cornell Foundation
The Alverin M Cornell Foundation was a private foundation based in Northbrook, Illinois. It made grants to charitable organizations, including grants for general charitable purposes and hurricane relief. The foundation dissolved in 2025, distributed all its assets to a public charity, and ceased to exist.
Alverin M Cornell Foundation at a glance
In short: Alverin M Cornell Foundation gave $6.7M across 3 grants in 2025 (avg $2.2M), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $6,697,205
- +627.2% vs 2024
- Grants made (2025)
- 3
- -25.0% vs 2024
- Average grant
- $2,232,402
- +869.6% vs 2024
- Median grant
- $8,000
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
How to apply to Alverin M Cornell Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation stated that it made contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. It dissolved and ceased to exist in 2025.
- Contact
Mailing address: 650 Dundee Rd 160, Northbrook, IL 60062
Phone: (847) 784-9822
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Alverin M Cornell Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Alverin M Cornell Foundation Donor ($6.7M). Together the top 3 received $6.7M.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 21 grants of 32 (66%).
Geographic Focus
Where this funder awards grants
In 2024, 98% of grant dollars went to recipients in Pennsylvania, 1% to Illinois, and 1% to North Carolina.
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Alverin M Cornell Foundation gives
- Giving grew 780% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $761K (2022) to $6.7M (2025). In 2025 it made 3 grants totaling $6.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Alverin M Cornell Foundation Donor Jenkintown, PA | General Charitable Purposes | $6,686,205 |
| Ladder up Chicago, IL | General Charitable Purposes | $8,000 |
| CPA Endowment Fund of Illinois Chicago, IL | General Charitable Purposes | $3,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $85,993 | $6,741,004 | $6,697,205 | 3 | $6,720,939 | $67,428 | $191,069 |
| 2024 | $6,655,011 | $475,310 | $1,017,369 | $921,000 | 4 | $954,142 | $412,083 | $566,796 |
| 2023 | $7,197,070 | $306,308 | $1,000,937 | $899,461 | 3 | $932,872 | $244,242 | $509,389 |
| 2022 | $7,891,699 | $727,148 | $871,524 | $761,000 | 5 | $795,586 | $666,893 | $520,928 |
| 2021 | $8,036,626 | $2,065,390 | $1,069,499 | $951,000 | 17 | $988,623 | $902,265 | $549,171 |
| 2020 | $7,040,735 | $700,445 | $873,364 | $785,500 | 35 | — | $677,028 | $442,581 |
Under IRS private-foundation payout rules, Alverin M Cornell Foundation reported a distributable amount of $191K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included general charitable-purpose grants and hurricane relief. Among the recipients, Ladder Up says it helps low-income families and individuals access financial resources through free tax preparation, financial aid, and financial education. The CPA Endowment Fund of Illinois says it supports a strong, talented, and diverse Illinois CPA profession by encouraging people to pursue accounting and supporting students, particularly those in need.
Grantmaking
In 2024, the foundation reported four grants totaling $921,000. The itemized grants ranged from $3,000 to $900,000, with a median of $9,000. Recipients included the Alverin M Cornell Foundation Donor ($900,000), Fern Leaf Charter School ($10,000), Ladder Up ($8,000), and the CPA Endowment Fund of Illinois ($3,000). The $900,000 grant was for general charitable purposes; Fern Leaf Charter School’s grant was for Hurricane Helene relief.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing listed William Brewer as president, Wendy Brewer as secretary, and Gregory Ciokajlo as treasurer.
Alverin M Cornell Foundation is led by William Brewer, President on every filing since 2020; 2 of 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
William Brewer
President
On filings since 2020
1 hr/week
No compensation reported
Gregory Ciokajlo
Treasurer
On filings since 2020
1 hr/week
$12K (2020) → $16K (2025)
Wendy Brewer
Secretary
On filings since 2020
15 hrs/week
$18K (2020) → $9K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $16K, to Gregory Ciokajlo (Treasurer). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Alverin M Cornell Foundation
How much does Alverin M Cornell Foundation give each year?
Alverin M Cornell Foundation gave $6.7M across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $921K across 4 grants.
What is Alverin M Cornell Foundation's typical grant size?
Alverin M Cornell Foundation's median grant in 2025 was $8,000, and its average grant was $2,232,402, across 3 grants on its 2025 IRS Form 990-PF.
Where does Alverin M Cornell Foundation give grants?
Alverin M Cornell Foundation gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (2 grants).
Does Alverin M Cornell Foundation give general operating support?
Yes: 100% of Alverin M Cornell Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
What does Alverin M Cornell Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included general charitable-purpose grants and hurricane relief. See mission & focus areas ↑
How do I apply for a grant from Alverin M Cornell Foundation?
The foundation stated that it made contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is Alverin M Cornell Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Alverin M Cornell Foundation reported a distributable amount of $191K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Alverin M Cornell Foundation's EIN?
Alverin M Cornell Foundation's EIN (Employer Identification Number) is 36-7371436. IRS Form 990 filing data is available on this page for 2020–2025.
Does Alverin M Cornell Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 24, 2026)
- IRS filings on file for fiscal years 2020–2024
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