Cornerstone Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GIG HARBOR, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $363K in total assets. In 2024, it awarded 3 grants totaling $10K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$363K
+6.9% YoY
Annual Giving
$10K
+761.8% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$3K
+187.3% YoY
Under IRS private-foundation payout rules, Cornerstone Foundation reported a distributable amount of $17K 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 GIG HARBOR, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $363K in total assets. In 2024, it awarded 3 grants totaling $10K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $363,430 | $339,997 | $314,456 |
| Revenue | $33,257 | $27,821 | $7,735 |
| Expenses | $9,824 | $1,140 | $3,510 |
| Qualifying Distributions | $9,824 | $1,140 | $3,510 |
| Net Investment Income | — | — | — |
| Distributable Amount | $16,984 | $15,618 | $10,309 |
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
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include China Ministries International ($4,000), Bcmf ($4,000), Compassion International ($1,824).
| Recipient | Purpose | Amount |
|---|---|---|
| Compassion International COLORADO SPRINGS, CO | Donation | $1,824 |
| China Ministries International Monrovia, CA | Donation | $4,000 |
| BCMF Irvine, CA | donation | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| YIZHU SUN | Treasurer | — | — |
| DANI GROFF | President | — | — |
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 GIG HARBOR, WA. It holds $363K in total assets as of 2024.
How large is Cornerstone Foundation?
As of 2024, Cornerstone Foundation holds $363K in total assets with $33K in annual revenue. It awarded 3 grants totaling $10K in 2024.
Where does Cornerstone Foundation operate?
Cornerstone Foundation has awarded grants in California, Colorado.
What size grants does Cornerstone Foundation award?
In 2024, Cornerstone Foundation awarded 3 grants totaling $10K — an average of about $3K 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 $17K 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 91-1997803. 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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