Cornerstone Foundation of

GREEN BAY, WI EIN: 36-2761910

Cornerstone Foundation of Northeastern Wisconsin Inc is a private foundation based in Green Bay, Wisconsin. Incorporated in 1953, the organization has been a cornerstone of philanthropy in Brown County for over seven decades. The foundation operates as a 501(c)(3) tax-exempt organization with a focus on community impact through strategic grantmaking.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$24.7M

-2.5% YoY

Annual Giving

$1.4M

-2.4% YoY

Grant Count

+16.7% YoY

Avg Grant Size

$20K

-16.4% YoY

Under IRS private-foundation payout rules, Cornerstone Foundation of reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation emphasizes support for education, cultural programs, and social service and youth agencies. The foundation also provides support for healthcare facilities. Primary funding interests include Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.

Grantmaking

The foundation is an active grantmaker with typical award sizes ranging from $500 to $350,000. Recent grant activity includes:

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Wisconsin and Florida.

Grant Distribution by State

Wisconsin $5.4M (100%)

Florida $20K (0%)

States

Florida Idaho Wisconsin

Cities

AppletonDe PereDepereGreen BayMadisonManitowocMilwaukeeNew LondonOrlandoPortageShawanoTwin FallsWauwotosaWest Allis

Financial History

Multi-year comparison from IRS filings

As of December 2024:

Total Assets: $24,704,992
Total Revenues: $1,249,778
Total Expenses: $1,888,330
Investment Income and Dividends: $556,526
Net Gain from Sale of Non-Inventory Assets: $645,168
Total Liabilities: $0

As of December 2023:

Total Assets: $25.3M
Total Revenues: $1.76M
Total Expenses: $1.96M

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$24,704,992	$25,343,544	$25,541,262
Revenue	$1,249,778	$1,763,746	$1,055,109
Expenses	$1,888,330	$1,961,464	$1,593,645
Qualifying Distributions	$1,528,269	$1,597,098	$1,237,004
Net Investment Income	$938,307	$1,402,440	$741,712
Distributable Amount	$1,403,007	$1,324,423	$1,379,031

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

201 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Curative Connections ($200,000), Hshs St Vincentst Mary's Foundation ($100,000), Adult Teen Challenge Northeastern Wisconsin ($50,000).

Recipient	Purpose	Amount
ADULT TEEN CHALLENGE NORTHEASTERN WISCONSIN GREEN BAY, WI	TRANSITIONAL HOUSING PROJECT	$50,000
ASHWAUBENON SPECIAL CHILDREN'S PROGRAM GREEN BAY, WI	PROGRAM SUPPORT	$1,500
ASPIRO GREEN BAY, WI	ASSISTED DAY SERVICES PROGRAM	$25,000
AUDIO & BRAILLE LITERACY ENHANCEMENT INC GREEN BAY, WI	AUDIOBOOKS PROGRAM	$2,000
BELLIN COLLEGE OF NURSING GREEN BAY, WI	CAPITAL CAMPAIGN/SCHOLARSHIPS	$50,000
BIG BROTHERS BIG SISTERS GREEN BAY, WI	YOUTH MENTORING PROGRAM	$10,000
BIG BROTHERS BIG SISTERS GREEN BAY, WI	MATCH SPONSORSHIP AWARD DINNER SPONSOR	$2,000
BOYS & GIRLS CLUB OF GREEN BAY GREEN BAY, WI	CREATIVE ARTS PROGRAM	$25,000
CAMP TEKAWITHA SHAWANO, WI	CAMP SCHOLARSHIPS	$7,000
CASA ALBA MELANIE GREEN BAY, WI	TO FUND CHARITABLE PURPOSE OF ORGANIZATION	$1,057

Leadership & Key People

Leadership team and compensation from IRS filings

Katie McCarty - Executive Director (appointed 2024)
John W Hickey - Trustee
Jim Schoshinski - Trustee
Michael J Schierl - Trustee

The foundation employs 2-3 staff members.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
THOMAS L OLSON	PRESIDENT, ASST TREAS & DI	0.8	$6,500
SUSAN WATTS	ASST SECRETARY & DIRECTOR	0.8	—
MARK MCMULLEN	VICE PRESIDENT & DIRECTOR	0.8	—
SHERI R PROSSER	SECRETARY & DIRECTOR	0.8	$6,500
SHERI R PROSSER	VICE PRESIDENT & SECRETARY	32	$55,974
MARY SCHAUPP	ASST SECRETARY & DIRECTOR	0.8	$6,500
TIM DAY	VICE PRESIDENT, TREASURER & DIRECTOR	0.8	—
MICHAEL D MEEUWSEN	VICE PRESIDENT & DIRECTOR	0.8	—
STEVE HARTY	VICE PRESIDENT & DIRECTOR	0.8	—
KATIE MCCARTY	ASST SECRETARY & DIRECTOR	32	$62,923

Contact Information

Address: 1175 Lombardi Ave Ste 450, Green Bay, WI 54304-3935

Phone: 920-490-8290

Frequently Asked Questions

What does Cornerstone Foundation of fund?

How do I apply for a grant from Cornerstone Foundation of?

The foundation is an active grantmaker with typical award sizes ranging from $500 to $350,000. Recent grant activity includes: • Curative Connections (Yesteryear Village): $200,000 • On Broadway (Capital Campaign): $100,000 • Friends of Pals Youth and Families (Capital Campaign): $50,000 The foundation made 49 grants totaling $1,031,553 in 2024. Total giving in 2024 was $1,372,417.

Where does Cornerstone Foundation of make grants?

The foundation primarily funds organizations in Wisconsin and Florida.

What size grants does Cornerstone Foundation of award?

In 2024, Cornerstone Foundation of awarded 70 grants totaling $1.4M — an average of about $20K per grant, based on its IRS Form 990 filings.

How much is Cornerstone Foundation of required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Cornerstone Foundation of reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.