Cornerstone Foundation
Cornerstone Foundation is a private grantmaking foundation established in 1989 in Pennsylvania and funded in 1990. The foundation is located in Elverson, PA and operates as a family foundation with a focus on faith-based philanthropy.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$24.6M
-0.8% YoY
Annual Giving
$1.7M
-16.0% YoY
Grant Count
26
-21.2% YoY
Avg Grant Size
$64K
+6.6% YoY
Mission & Focus Areas
The foundation's mission is giving primarily to Baptist organizations, including churches, missions, Bible colleges, and theological seminaries. Funding also supports other Protestant organizations, particularly faith-based Christian camps.
Grantmaking
The foundation is classified as a Private Grantmaking Foundation (NTEE code T20) and is required to file IRS Form 990-PF annually.
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Geographic Focus
Where this funder awards grants
The foundation operates in Pennsylvania, with its principal address at 4020 Main Street, Elverson, PA 19520.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $24,634,295 | $24,837,260 | $26,237,100 |
| Revenue | $1,824,874 | $979,379 | $783,944 |
| Expenses | $2,122,662 | $2,388,068 | $2,083,125 |
| Qualifying Distributions | $1,742,926 | $2,028,221 | $1,808,922 |
| Net Investment Income | $1,379,687 | $515,840 | $573,659 |
| Distributable Amount | $1,323,851 | $1,310,481 | $1,370,606 |
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
156 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Edward Cone - President
- Terry Wild - Registered Agent
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDWARD H CONE | PRESIDENT/TREASURER | 1 | — |
| PHILIP J CONE | VICE PRESIDENT/SECRETARY | 1 | — |
| DERIAL H SANDERS | DIRECTOR | 1 | — |
| STEPHEN E CONE | DIRECTOR | 1 | — |
| JULIE ZUBER | DIRECTOR | 1 | — |
| JANE CONE | DIRECTOR | 1 | — |
| MICHAEL T CONE | DIRECTOR | 1 | — |
| TIMOTHY CONE | DIRECTOR | 1 | — |
Contact Information
- Phone: 610-286-2946
- Address: 1220 Heritage Drive, Elverson, PA 19520-9319
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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