Cornerstone Foundation
Cornerstone Foundation is a private foundation, based in CINCINNATI, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $779K in total assets. In 2024, it awarded 15 grants totaling $72K. Net investment income was $106K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$779K
+5.3% YoY
Annual Giving
$72K
+61.0% YoY
Grant Count
15
+15.4% YoY
Avg Grant Size
$5K
+39.5% YoY
Under IRS private-foundation payout rules, Cornerstone Foundation reported a distributable amount of $49K for 2024 — the minimum it must pay out in qualifying distributions.
About Cornerstone Foundation
Based on IRS filings
Cornerstone Foundation is a private foundation, based in CINCINNATI, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $779K in total assets. In 2024, it awarded 15 grants totaling $72K. Net investment income was $106K.
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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 | $779,138 | $739,922 | $746,136 |
| Revenue | $110,884 | $41,778 | $-6,432 |
| Expenses | $76,359 | $47,992 | $55,252 |
| Qualifying Distributions | $72,927 | $45,700 | $53,300 |
| Net Investment Income | $105,571 | $39,636 | $10,786 |
| Distributable Amount | $48,507 | $41,832 | $37,832 |
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
80 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Olivet University ($20,094), City Gospel Mission ($10,000), Tunnels to Towers ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OLIVET UNIVERSITY BOURBONNAIS, IL | CHARITABLE | $20,094 |
| CITY GOSPEL MISSION CINCINNATI, OH | CHARITABLE | $10,000 |
| TUNNELS TO TOWERS STATEN ISLAND, NY | CHARITABLE | $6,000 |
| OMF INTERNATIONAL LITTLETON, CO | CHARITABLE | $2,600 |
| RESTAVEC CINCINNATI, OH | CHARITABLE | $5,000 |
| CHILD'S HOPE SHARONVILLE, OH | CHARITABLE | $1,000 |
| URBAN YOUNG LIFE MASON, OH | CHARITABLE | $3,000 |
| RISING LEADERS CINCINNATI, OH | CHARITABLE | $2,000 |
| IN FAITH EXON, PA | CHARITABLE | $5,000 |
| CHCA CINCINNATI, OH | CHARITABLE | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RONALD H MCSWAIN | PRESIDENT/TREASURER | 1 | — |
| PHYLLIS MCSWAIN | VICE PRESIDENT | 0.5 | — |
| JASON MCSWAIN | SECRETARY | 0.5 | — |
| JULIE CARNES | DIRECTOR | 0.5 | — |
| MICHELLE BACON | DIRECTOR | 0.5 | — |
Frequently Asked Questions
How large is Cornerstone Foundation?
As of 2024, Cornerstone Foundation holds $779K in total assets with $111K in annual revenue. It awarded 15 grants totaling $72K in 2024.
Where does Cornerstone Foundation operate?
Cornerstone Foundation has awarded grants in California, Colorado, Florida, Illinois, Indiana, Kentucky, New York, Ohio, Pennsylvania.
What size grants does Cornerstone Foundation award?
In 2024, Cornerstone Foundation awarded 15 grants totaling $72K — an average of about $5K 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 $49K 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 31-1220787. IRS Form 990 filing data is available on this page for 2019–2024.
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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