Cornerstone Foundation Inc

Private foundation · Grantmaker Estes Park, CO EIN: 47-0844162

Cornerstone Foundation Inc is a private foundation, based in Estes Park, CO. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $703K in total assets. In 2025, it awarded 1 grant totaling $100K. Net investment income was $16K.

Key facts about Cornerstone Foundation Inc

In short: Cornerstone Foundation Inc gave $100K across 1 grant in 2025 (avg $100K), mostly in Colorado. Source: 2025 IRS Form 990-PF.

EIN
47-0844162
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$100,000
Grants made (2025)
1
Average grant
$100,000
Median grant
$100,000
Total assets
$702,633
Primary geography
Colorado (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$703K

-2.8% YoY

Annual Giving

$100K

-15.3% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$100K

-15.3% YoY

Under IRS private-foundation payout rules, Cornerstone Foundation Inc reported a distributable amount of $35K for 2025 — the minimum it must pay out in qualifying distributions.

How Cornerstone Foundation Inc gives

  • Giving grew 33% from 2022 to 2025. Method
  • In 2025 it paid out 287% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of the 2025 grant dollars on its one itemized grant.

Cities

LincolnEstes ParkWashingtonBooneDenverNashvilleStaten IslandBoonr

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K7 grants2020 9 grants2021 7 grants2022 7 grants2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $75K (2020) to $118K (2024). In 2025 it made 1 grant totaling $100K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Rocky Mountain Evangelical Church: $100KRocky Mountain EvangelicalChurch$100K

The largest 2025 recipient was Rocky Mountain Evangelical Church ($100K).

Grant Size Distribution

25 grants across all recorded years

21<$50K2$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 21 grants of 25 (84%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Rocky Mountain Evangelical Church Estes Park, COSpread the Teachings of the Bible$100,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$702,633$722,677$799,664
Revenue$94,570$55,025$21,473
Expenses$114,346$131,701$88,575
Qualifying Distributions$100,000$118,000$77,000
Net Investment Income$16,311$19,287$20,230
Distributable Amount$34,871$80,598$435,230

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 4, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS March 7, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 6, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS March 27, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 3, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 6, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Cornerstone Foundation Inc is led by James B. Fay, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • James B. Fay

    President

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Emma M. Fay

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Tessa E. Fay

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Mary K. Fay

    Secretary

    On filings since 2020

    2 hrs/week

    No compensation reported

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.

Frequently asked questions about Cornerstone Foundation Inc

How much does Cornerstone Foundation Inc give each year?

Cornerstone Foundation Inc gave $100K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $118K across 1 grant.

How large is Cornerstone Foundation Inc?

Cornerstone Foundation Inc reported $703K in total assets on its 2025 IRS Form 990-PF. It paid out $100K in qualifying distributions that year, against a required minimum of $35K (roughly 5% of its investment assets).

Where does Cornerstone Foundation Inc operate?

Cornerstone Foundation Inc has awarded grants in Colorado, District of Columbia, North Carolina, Nebraska, New York, Tennessee.

What is Cornerstone Foundation Inc's EIN?

Cornerstone Foundation Inc's EIN (Employer Identification Number) is 47-0844162. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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