Corner Foundation Inc is a private foundation based in New York City, New York. The foundation was established in 2015 and operates as a 501(c)(3) charitable organization. It is also known as the Frederick and Diana Elghanayan Family Foundation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.3M
+1.7% YoY
Annual Giving
$1.3M
-22.5% YoY
Grant Count
50
-23.1% YoY
Avg Grant Size
$25K
+0.8% YoY
Under IRS private-foundation payout rules, Corner Foundation Inc reported a distributable amount of $947K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds charitable organizations across multiple sectors. Its primary funding focus areas include:
- Education
- Science and STEM education
- Philanthropy, voluntarism, and grantmaking
- Human services
- Community health
Grantmaking
The foundation made 67 grants in 2024, with total giving of $1,250,200. Recent grantees include:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds charitable organizations in New York, Wyoming, and Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $16,265,748
- Total giving: $1,250,200
- Total revenues: $1,686,322
- Total expenses: $1,412,872
- Number of employees: 0
Revenue Composition (2024):
- Investment income and dividends: $746,908
- Net gain from sale of non-inventory assets: $889,425
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,265,748 | $15,992,509 | $16,482,169 |
| Revenue | $1,686,322 | $1,248,003 | $2,278,160 |
| Expenses | $1,412,872 | $1,737,549 | $1,812,632 |
| Qualifying Distributions | $1,250,312 | $1,612,357 | $1,616,678 |
| Net Investment Income | $1,523,311 | $1,126,039 | $2,081,767 |
| Distributable Amount | $946,823 | $894,977 | $918,166 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nols ($500,000), Blair Academy ($100,000), Memorial Sloan-kettering ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 92ND STREET Y NEW YORK, NY | CHARITABLE | $10,000 |
| ALVIN AILEY DANCE FOUNDATION NEW YORK, NY | CHARITABLE | $5,000 |
| ANTENNA - LETTERS READ NEW ORLEANS, LA | CHARITABLE | $2,500 |
| BLAIR ACADEMY BLAIRSTOWN, NJ | CHARITABLE | $100,000 |
| BROADWAY HOUSING COMMUNITIES NEW YORK, NY | CHARITABLE | $10,000 |
| CENTER FOR ART LAW BROOKLYN, NY | CHARITABLE | $500 |
| CENTER FOR FAMILY LIFE IN SUNSET PARK BROOKLYN, NY | CHARITABLE | $20,000 |
| CENTRAL PARK CONSERVANCY NEW YORK, NY | CHARITABLE | $10,000 |
| CENTRAL SYNAGOGUE NEW YORK, NY | CHARITABLE | $75,000 |
| CHILDREN'S TUMOR FOUNDATION NEW YORK, NY | CHARITABLE | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FREDERICK ELGHANAYAN | PRESIDENT | — | — |
| DIANA ELGHANAYAN | DIRECTOR,SECRETARY & TREASURER | — | — |
| ZOE ELGHANAYAN | DIRECTOR | — | — |
| ARIEL ELGHANAYAN | DIRECTOR | — | — |
Contact Information
- Address: 387 Park Avenue South, New York City, NY 10016-8810
- Telephone: 212-672-1000
- EIN: 46-4340215
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Corner Foundation Inc fund?
The foundation primarily funds charitable organizations across multiple sectors. Its primary funding focus areas include: • Education • Science and STEM education • Philanthropy, voluntarism, and grantmaking • Human services • Community health
How do I apply for a grant from Corner Foundation Inc?
**Grant Activity:** The foundation made 67 grants in 2024, with total giving of $1,250,200. Recent grantees include: • Blair Academy: $100,000 • Central Synagogue: $75,000 • City Harvest: $40,000 • NYU School of Medicine Typical award ranges are $500 to $500,000.
Where does Corner Foundation Inc make grants?
The foundation primarily funds charitable organizations in New York, Wyoming, and Virginia.
What size grants does Corner Foundation Inc award?
In 2024, Corner Foundation Inc awarded 50 grants totaling $1.3M — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Corner Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Corner Foundation Inc reported a distributable amount of $947K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Corner Foundation Inc's EIN?
Corner Foundation Inc's EIN (Employer Identification Number) is 46-4340215. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Corner Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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