Cornelius Family Foundation Inc
Cornelius Family Foundation Inc is a private family foundation based in Zionsville, Indiana. Established in 1997, the foundation was founded by James M. Cornelius, former Chairman and Chief Executive Officer of Bristol-Myers Squibb Company.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+27.0% YoY
Annual Giving
$704K
-11.6% YoY
Grant Count
18
+63.6% YoY
Avg Grant Size
$39K
-46.0% YoY
Mission & Focus Areas
The foundation's giving priorities focus primarily on:
- Higher education
- Roman Catholic churches and organizations
- Human services and nonprofit human services
- Poverty alleviation
- Christian nonprofits
- Philanthropy, voluntarism, and grantmaking
Grantmaking
The foundation actively distributes grants across its focus areas, with particular emphasis on education and human services organizations.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Indiana
- New York
- Missouri
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $1,527,847
Annual Giving: $796,000 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,940,291 | $1,527,847 | $1,400,053 |
| Revenue | $1,121,180 | $947,241 | $1,918,941 |
| Expenses | $708,736 | $819,447 | $3,063,809 |
| Qualifying Distributions | $708,007 | $800,519 | $3,000,326 |
| Net Investment Income | $120,451 | $946,006 | $1,917,509 |
| Distributable Amount | $101,473 | $72,227 | $122,542 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
75 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
James M. Cornelius - Founder, Chairman, and Registered Agent
James M. Cornelius is the recently retired Chairman and Chief Executive Officer of Bristol-Myers Squibb. He previously had a 28-year career with Eli Lilly and Company in Indianapolis, retiring from the Board of Directors and as Chief Financial Officer in 1995. He earned a BA in accounting (Magna Cum Laude) and an MBA from Michigan State University and served as a Lieutenant in the U.S. Army Finance Corps. He has received honorary Doctorate degrees from Michigan State University, the University of Indianapolis, and Marian University, and has received numerous civic and philanthropic awards. He is a long-time resident of Zionsville, Indiana.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES M CORNELIUS | PRESIDENT | 2 | — |
| KATHLEEN M CORNELIUS | VP/SECRETARY | 2 | — |
| ANDREW JAMES CORNELIUS | DIRECTOR | — | — |
| LINDSAY ANNE HARMON | DIRECTOR | 9 | — |
Contact Information
Mailing Address: PO Box 5037 Zionsville, IN 46077-5037
Telephone: 317-826-7240
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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