Cornerstone Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KELLER, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $486K in total assets. In 2024, it awarded 3 grants totaling $325K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$486K
-31.6% YoY
Annual Giving
$325K
+103.1% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$108K
+35.4% YoY
Under IRS private-foundation payout rules, Cornerstone Foundation reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.
About Cornerstone Foundation
Based on IRS filings
Cornerstone Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KELLER, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $486K in total assets. In 2024, it awarded 3 grants totaling $325K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $485,774 | $710,265 | $846,300 |
| Revenue | $112,719 | $36,888 | $36,637 |
| Expenses | $337,210 | $172,923 | $156,237 |
| Qualifying Distributions | $325,000 | $160,000 | $155,000 |
| Net Investment Income | — | — | — |
| Distributable Amount | $18,642 | $36,559 | $46,562 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Milestone Church ($150,000), Grace Community Fellowship ($150,000), Ronald Mcdonald House ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MILESTONE CHURCH Keller, TX | charitable donation | $150,000 |
| GRACE COMMUNITY FELLOWSHIP Hurst, TX | charitable donation | $150,000 |
| RONALD MCDONALD HOUSE Monroe, LA | charitable donation | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RONALD LEWANDOWSKI | TRUSTEE | — | — |
| DIANNE LEWANDOWSKI | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cornerstone Foundation?
Cornerstone Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KELLER, TX. It holds $486K in total assets as of 2024.
How large is Cornerstone Foundation?
As of 2024, Cornerstone Foundation holds $486K in total assets with $113K in annual revenue. It awarded 3 grants totaling $325K in 2024.
Where does Cornerstone Foundation operate?
Cornerstone Foundation has awarded grants in Illinois, Louisiana, Texas.
What size grants does Cornerstone Foundation award?
In 2024, Cornerstone Foundation awarded 3 grants totaling $325K — an average of about $108K per grant, based on its IRS Form 990 filings.
How much is Cornerstone Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cornerstone Foundation reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cornerstone Foundation's EIN?
Cornerstone Foundation's EIN (Employer Identification Number) is 75-2909300. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cornerstone Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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