Cornerstone Foundation
The IRS filing identifies Cornerstone Foundation as a private foundation located in Elverson, Pennsylvania (EIN 23-2593411). Its 2024 grants included support for camps, humanitarian work, and other charitable activities.
Cornerstone Foundation at a glance
In short: Cornerstone Foundation gave $1.7M across 26 grants in 2024 (avg $64K), top state Pennsylvania. 15% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,656,455
- -16.0% vs 2023
- Grants made (2024)
- 26
- -21.2% vs 2023
- Average grant
- $63,710
- +6.6% vs 2023
- Median grant
- $31,000
- Total assets
- $24,634,295
- -0.8% vs 2023
- New grantees (estimate)
- 15% first-time grantees (4 of 26, 2024)
- Primary geography
- Pennsylvania (36% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Cornerstone Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 1220 Heritage Drive, Elverson, PA 19520
Phone: (610) 286-2946
Website: https://cornerstone.foundation
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Cornerstone Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Camp Kanesatake ($300K). Together the top 10 received $1.3M.
Grant Size Distribution
156 grants across all recorded years
The most common grant size was under $50K: 98 grants of 156 (63%).
Geographic Focus
Where this funder awards grants
In 2024, recipients in Pennsylvania received 36% of grant dollars, followed by Texas (21%), North Carolina (12%), Wyoming (7%), and Florida (7%). The remaining share went to recipients in other states.
Grant Distribution by State
Share of 2024 grant dollars across all 26 itemized grants.
States
Cities
Is Cornerstone Foundation open to new grantees?
15%
first-time grantees, 2024
In 2024, 4 of 26 grantees (15%) were first-time recipients. First grants averaged $73K; repeat grants $62K. How we count
Medians: $66K first-time, $28K repeat.
- 69% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−20%). Method
- In 2024 it paid out 132% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.4M (2020) to $2.1M (2021). In 2024 it made 26 grants totaling $1.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Camp Kanesatake Spruce Creek, PA | Charitable, Camp Scholarships | $300,000 |
| Operation Renewed Hope Fayetteville, NC | Charitable, Ministry, Domestic and International Humanitarian Needs | $200,000 |
| Camp Loma Devida Edinburg, TX | Charitable, Camp Scholarships, Security Related Projects | $150,000 |
| Deer Creek Camp Kerrville, TX | Charitable, Facilities Project | $150,000 |
| Grand View Camp Sellersville, PA | Charitable, Camp Scholarships | $145,000 |
| Red Cliff Bible Camp Pinedale, WY | Charitable, Building Projects | $124,000 |
| Bay Cities Fellowship Palm Harbor, FL | Charitable, Hurricane Relief | $100,000 |
| Abwe Harrisburg, PA | Charitable, Scholarhips | $82,700 |
| Biblical Ministries Worldwide Lawrenceville, GA | Charitable, Waasayaa North Bible Camp | $50,000 |
| Bethany Church Reading, PA | Charitable, Latin American Outreach Training | $45,000 |
Ready to take the next step with Cornerstone Foundation?
Financial History
Multi-year comparison from IRS filings
The foundation reported 26 grants in 2024 and 33 in each of 2023 and 2022.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $24,634,295 | $1,824,874 | $2,122,662 | $1,656,455 | 26 | $1,742,926 | $1,379,687 | $1,323,851 |
| 2023 | $24,837,260 | $979,379 | $2,388,068 | $1,972,725 | 33 | $2,028,221 | $515,840 | $1,310,481 |
| 2022 | $26,237,100 | $783,944 | $2,083,125 | $1,802,645 | 33 | $1,808,922 | $573,659 | $1,370,606 |
| 2021 | $27,360,921 | $3,219,008 | $2,289,272 | $2,058,032 | 32 | $2,058,568 | $2,926,854 | $1,378,794 |
| 2020 | $26,393,662 | $1,496,149 | $1,680,780 | $1,445,428 | 32 | — | $1,260,812 | $1,298,160 |
Under IRS private-foundation payout rules, Cornerstone Foundation reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The website’s stated mission is to provide local and global communities with orthopedic care and medical education. It describes medical missions, physician and community education, and health and wellness work with local youth.
The Elverson foundation’s 2024 grants show support for a range of charitable organizations and purposes, including camp scholarships and facilities, humanitarian needs, hurricane relief, and outreach training. Among the recipients, Camp Kanesatake describes its mission as helping local churches evangelize and disciple youth and strengthen families. Southland Christian Ministries says its camping ministry serves local churches by encouraging campers toward Christian character and service. Oremundo describes providing educational resources and training for national workers, while Appalachian Bible College describes serving the Christian community through educational programs and preparation for church-related service. These are the recipients’ descriptions of their own missions.
Grantmaking
In 2024, the foundation reported 26 grants totaling $1,656,455. Grants ranged from $5,825 to $300,000, with a median of $31,000. The largest awards included $300,000 to Camp Kanesatake for camp scholarships; $200,000 to Operation Renewed Hope for domestic and international humanitarian needs; $150,000 each to Camp Loma Devida for camp scholarships and security-related projects and to Deer Creek Camp for a facilities project; and $145,000 to Grand View Camp for camp scholarships. Other notable awards included $124,000 to Red Cliff Bible Camp for building projects and $100,000 to Bay Cities Fellowship for hurricane relief.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Edward H Cone as president/treasurer; Philip J Cone as vice president/secretary; and Derial H Sanders, Stephen E Cone, Julie Zuber, Jane Cone, Michael T Cone, and Timothy Cone as directors.
Cornerstone Foundation is led by Edward H. Cone, President & Treasurer on every filing since 2020; none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Edward H. Cone
President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Derial H. Sanders
Director
On filings since 2020
1 hr/week
No compensation reported
Julie Zuber
Director
On filings since 2020
1 hr/week
No compensation reported
Michael T. Cone
Director
On filings since 2020
1 hr/week
No compensation reported
Stephen E. Cone
Director
On filings since 2020
1 hr/week
No compensation reported
Jane Cone
Director
New on the 2024 filing
1 hr/week
No compensation reported
Timothy Cone
Director
New on the 2024 filing
1 hr/week
No compensation reported
Philip J. Cone
Vice President & Secretary
Director → Vice President & Secretary, 2024
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Robert L. Cone (2020–2023) — Vice President & Secretary
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Cornerstone Foundation
How much does Cornerstone Foundation give each year?
Cornerstone Foundation gave $1.7M across 26 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.0M across 33 grants.
What is Cornerstone Foundation's typical grant size?
Cornerstone Foundation's median grant in 2024 was $31,000, and its average grant was $63,710, across 26 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Cornerstone Foundation that year got $73K on average.
Where does Cornerstone Foundation give grants?
Cornerstone Foundation's top state is Pennsylvania, with 36% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Texas (21%) and North Carolina (12%). The most frequent recipient cities were Edinburg, TX (2 grants).
Does Cornerstone Foundation give general operating support?
Not in 2024: none of the 26 grants with a stated purpose on Cornerstone Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable, Camp Scholarships" (11 grants).
Who are Cornerstone Foundation's largest grantees?
Cornerstone Foundation's largest 2024 grantees include Camp Kanesatake ($300,000), Operation Renewed Hope ($200,000) and Camp Loma Devida ($150,000), according to its 2024 IRS Form 990-PF. Together they received 39% of its itemized 2024 grant dollars.
How large is Cornerstone Foundation?
Cornerstone Foundation reported $24.6M in total assets on its 2024 IRS Form 990-PF. It paid out $1.7M in qualifying distributions that year, against a required minimum of $1.3M (roughly 5% of its investment assets).
What does Cornerstone Foundation fund?
The website’s stated mission is to provide local and global communities with orthopedic care and medical education. It describes medical missions, physician and community education, and health and wellness work with local youth. See mission & focus areas ↑
How do I apply for a grant from Cornerstone Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Cornerstone Foundation's EIN?
Cornerstone Foundation's EIN (Employer Identification Number) is 23-2593411. IRS Form 990 filing data is available on this page for 2020–2024.
Does Cornerstone Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Cornerstone Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/cornerstone-foundation-morg_c9f094b26c2e417fb5241d3f4785ae1f
BibTeX
@misc{grantable_232593411_2026,
author = {{Grantable}},
title = {{Cornerstone Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/cornerstone-foundation-morg_c9f094b26c2e417fb5241d3f4785ae1f},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Cornerstone Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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