Cornerstone Foundation
Cornerstone Foundation is a private foundation focused on Philanthropy, based in Dallas, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 7 grants totaling $106K. Net investment income was $213K.
Cornerstone Foundation at a glance
In short: Cornerstone Foundation gave $106K across 7 grants in 2025 (avg $15K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $105,732
- +10.8% vs 2024
- Grants made (2025)
- 7
- +0.0% vs 2024
- Average grant
- $15,105
- +10.8% vs 2024
- Median grant
- $15,000
- Total assets
- $2,182,374
- +4.3% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Cornerstone Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was United Way of Mass Bay & Merrimack ($45K). Together the top 7 received $106K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 33 grants of 34 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Cornerstone Foundation gives
- Giving held roughly steady from 2022 to 2025 (−5%). Method
- In 2025 it paid out 103% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $88K (2021) to $113K (2023). In 2025 it made 7 grants totaling $106K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Mass Bay & Merrimack Boston, MA | Unrestricted General | $44,500 |
| First Methodist Church Chatham, MA | Unrestricted General | $15,569 |
| Bethany Hill Place Brighton, MA | Unrestricted General | $15,000 |
| Family Homeless Shelter - Family Promise Natick, MA | Unrestricted General | $15,000 |
| We Are Better Together Roxbury, MA | Unrestricted General | $14,500 |
| The Society of Jesus of New England Boston, MA | Unrestricted General | $823 |
| Catholic Charities Diocese of Worcester Worcester, MA | Unrestricted General | $340 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,182,374 | $239,935 | $151,063 | $105,732 | 7 | $124,721 | $212,777 | $121,159 |
| 2024 | $2,093,159 | $84,821 | $136,253 | $95,406 | 7 | $113,088 | $56,579 | $121,529 |
| 2023 | $2,029,478 | $-3,552 | $159,380 | $112,686 | 7 | $129,320 | $27,267 | $110,857 |
| 2022 | $2,122,607 | $390,922 | $155,877 | $111,832 | 8 | $130,188 | $364,786 | $113,621 |
| 2021 | $2,290,593 | $167,597 | $137,051 | $88,462 | 5 | — | $142,851 | $131,552 |
Under IRS private-foundation payout rules, Cornerstone Foundation reported a distributable amount of $121K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Cornerstone Foundation's only listed officer is Bank Of America, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2022
1 hr/week
$34K (2022) → $35K (2025)
Former officers (1)
- Former: Bank Of America N A (2021) — Trustee
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $35K, to Bank of America (Trustee).
Frequently asked questions about Cornerstone Foundation
How much does Cornerstone Foundation give each year?
Cornerstone Foundation gave $106K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $95K across 7 grants.
What is Cornerstone Foundation's typical grant size?
Cornerstone Foundation's median grant in 2025 was $15,000, and its average grant was $15,105, across 7 grants on its 2025 IRS Form 990-PF.
Where does Cornerstone Foundation give grants?
Cornerstone Foundation gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (2 grants).
Does Cornerstone Foundation give general operating support?
Yes: 100% of Cornerstone Foundation's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Cornerstone Foundation's largest grantees?
Cornerstone Foundation's largest 2025 grantees include United Way of Mass Bay & Merrimack ($44,500), First Methodist Church ($15,569) and Bethany Hill Place ($15,000), according to its 2025 IRS Form 990-PF. Together they received 71% of its itemized 2025 grant dollars.
How large is Cornerstone Foundation?
Cornerstone Foundation reported $2.2M in total assets on its 2025 IRS Form 990-PF. It paid out $125K in qualifying distributions that year, against a required minimum of $121K (roughly 5% of its investment assets).
What is Cornerstone Foundation?
Cornerstone Foundation is a private foundation focused on Philanthropy, based in Dallas, TX. It holds $2.2M in total assets as of 2025.
What is Cornerstone Foundation's EIN?
Cornerstone Foundation's EIN (Employer Identification Number) is 04-6027776. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 31, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 30, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 31, 2026)
- IRS filings on file for fiscal years 2021–2025
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