Cornerstone Foundation of Arkansas
Cornerstone Foundation of Arkansas is a private foundation, based in Bentonville, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $656K in total assets.
Cornerstone Foundation of Arkansas at a glance
- Total assets
- $655,621
- -0.9% vs 2023
- Revenue (2024)
- $17,534
- +1.9% vs 2023
- Expenses (2024)
- $23,559
- -4.6% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Cornerstone Foundation of Arkansas funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Cornerstone Foundation of Arkansas gives
- In 2021 it paid out 40% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2021, annual grant giving ranged from $1K (2020) to $10K (2021). In 2021 it made 2 grants totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Harding University Searcy, AR | Bison Helmet Project | $5,000 |
| Bentonville Church of Christ Bentonville, AR | To Be Used as the Church Sees Fit | $4,580 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $655,621 | $17,534 | $23,559 | — | — | — | $23,133 |
| 2023 | $661,646 | $17,203 | $24,700 | — | — | — | $23,070 |
| 2022 | $659,143 | $14,502 | $24,019 | — | — | — | $23,352 |
| 2021 | $668,660 | $15,153 | $32,553 | $9,580 | 2 | $9,580 | $24,123 |
| 2020 | $686,060 | $14,383 | $24,208 | $1,000 | 1 | — | $26,760 |
Under IRS private-foundation payout rules, Cornerstone Foundation of Arkansas reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Cornerstone Foundation of Arkansas's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michelle Carter
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
Stephen P. Carter
Co-Trustee
On filings since 2020
5 hrs/week
No compensation reported
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 of Arkansas
How large is Cornerstone Foundation of Arkansas?
Cornerstone Foundation of Arkansas reported $656K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $18K.
Where does Cornerstone Foundation of Arkansas operate?
Cornerstone Foundation of Arkansas has awarded grants in Arkansas.
How much is Cornerstone Foundation of Arkansas required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cornerstone Foundation of Arkansas reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cornerstone Foundation of Arkansas's EIN?
Cornerstone Foundation of Arkansas's EIN (Employer Identification Number) is 46-5124290. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 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 2020 (received by the IRS September 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 4, 2025)
- IRS filings on file for fiscal years 2020–2024
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