Cornerstone Foundation of
Cornerstone Foundation of is a private foundation based in Green Bay, Wisconsin. Its 2024 filing describes grants to organizations in northeastern Wisconsin, with a primary focus in Brown County; its 2024 grant dollars were reported as going entirely to Wisconsin.
Cornerstone Foundation of at a glance
In short: Cornerstone Foundation of gave $1.4M across 70 grants in 2024 (avg $20K), mostly in Wisconsin. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,372,417
- -2.4% vs 2023
- Grants made (2024)
- 70
- +16.7% vs 2023
- Average grant
- $19,606
- -16.4% vs 2023
- Median grant
- $5,625
- Total assets
- $24,704,992
- -2.5% vs 2023
- Primary geography
- Wisconsin (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Cornerstone Foundation of
- How to Apply
-
Applicants are encouraged to call Katie McCarty before submitting an application. Applications may be submitted at any time. The foundation does not restrict giving to preselected organizations. Grants are made to organizations in northeastern Wisconsin, with a primary focus in Brown County.
- Review Cycle
- Applications may be submitted at any time.
- Deadline
- Applications may be submitted at any time.
- Contact
Application contact: Katie Mccarty
Mailing address: 1175 Lombardi Avenue Suite 450, Green Bay, WI 54304
Phone: (920) 490-8290
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Cornerstone Foundation of funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Curative Connections ($200K). Together the top 10 received $858K.
Grant Size Distribution
246 grants across all recorded years
The most common grant size was under $50K: 218 grants of 246 (89%).
Geographic Focus
Where this funder awards grants
The 2024 filing states that grants are made to organizations in northeastern Wisconsin, with a primary focus in Brown County. It reports that 100% of 2024 grant dollars went to Wisconsin recipients.
Grant Distribution by State
Share of 2024 grant dollars across all 70 itemized grants.
Cities
How Cornerstone Foundation of gives
- 59% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−14%). Method
- In 2024 it paid out 109% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (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 $1.0M (2022) to $1.6M (2021). In 2024 it made 70 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Curative Connections Green Bay, WI | Yesteryear Village | $200,000 |
| HSHS St Vincentst Mary's Foundation Green Bay, WI | Capital Campaign | $100,000 |
| Cornerstone Community Ice Center De Pere, WI | Capital Campaign | $100,000 |
| Notre Dame De La Baie Academy Green Bay, WI | Capital Campaign | $100,000 |
| On Broadway Inc Green Bay, WI | Capital Campaign | $100,000 |
| Adult Teen Challenge Northeastern Wisconsin Green Bay, WI | Transitional Housing Project | $50,000 |
| Bellin College of Nursing Green Bay, WI | Capital Campaign/Scholarships | $50,000 |
| Family Services Green Bay, WI | Willow Tree CAC | $50,000 |
| Friends of Pals Green Bay, WI | Capital Campaign | $50,000 |
| Cerebral Palsy Inc Green Bay, WI | Pool 2 Deck | $40,000 |
Ready to take the next step with Cornerstone Foundation of?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $24,704,992 | $1,249,778 | $1,888,330 | $1,372,417 | 70 | $1,528,269 | $938,307 | $1,403,007 |
| 2023 | $25,343,544 | $1,763,746 | $1,961,464 | $1,406,667 | 60 | $1,597,098 | $1,402,440 | $1,324,423 |
| 2022 | $25,541,262 | $1,055,109 | $1,593,645 | $1,039,482 | 55 | $1,237,004 | $741,712 | $1,379,031 |
| 2021 | $26,079,798 | $3,253,580 | $2,171,706 | $1,595,659 | 60 | $1,775,425 | $2,932,682 | $1,506,243 |
| 2020 | $24,997,924 | $837,621 | $1,581,132 | $1,106,051 | 1 | — | $521,701 | $1,361,594 |
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 September 2026.
Mission & Focus Areas
The foundation’s filings do not state its own mission or formal funding areas. Its grants support a range of organizations and projects. For example, Curative Connections describes its mission as helping people achieve independence, including people affected by aging, dementia, mental health concerns, brain injury, disability, or employment barriers. Ecumenical Partnership for Housing says it provides safety, stability, and solutions for families with children facing homelessness, while New Community Shelter says it provides shelter, counseling, and meals to people in the Green Bay area.
Other 2024 recipients illustrate additional kinds of support: On Broadway describes its work as championing Green Bay’s historic Broadway District as a business and residential center, and Cerebral Palsy Inc describes its mission as “celebrating all abilities and unlocking potential.”
Grantmaking
In 2024, the foundation reported 70 grants totaling $1,372,417. Grants ranged from $500 to $200,000, with a median grant of $5,625. Among the largest were $200,000 to Curative Connections for Yesteryear Village; $100,000 each to HSHS St Vincent St Mary’s Foundation, Cornerstone Community Ice Center, Notre Dame de la Baie Academy, and On Broadway Inc for capital campaigns; and $50,000 to Adult Teen Challenge Northeastern Wisconsin for a transitional housing project.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Thomas L. Olson as president, assistant treasurer, and director; Susan Watts as assistant secretary and director; Mark McMullen as vice president and director; Sheri R. Prosser as secretary and director and also vice president and secretary; Mary Schaupp as assistant secretary and director; Tim Day as vice president, treasurer, and director; Michael D. Meeuwsen and Steve Harty as vice presidents and directors; and Katie McCarty as assistant secretary and director.
Cornerstone Foundation of is led by Thomas L. Olson, President, Assistant Treasurer & Director on every filing since 2020; 4 of 9 officers listed in 2024 are compensated.
Officers on the 2024 filing
Thomas L. Olson
President, Assistant Treasurer & Director
On filings since 2020
0.8 hrs/week
$6K (2020) → $7K (2024)
Mary Schaupp
Assistant Secretary & Director
On filings since 2020
0.8 hrs/week
$6K (2020) → $7K (2024)
Sheri R. Prosser
Secretary, Director, Vice President & Secretary
On filings since 2020
32 hrs/week
$97K (2020) → $56K (2024)
Katie McCarty
Assistant Secretary & Director
New on the 2024 filing
32 hrs/week
$63K (2024)
Mark McMullen
Vice President & Director
On filings since 2020
0.8 hrs/week
No compensation reported
Michael D. Meeuwsen
Vice President & Director
On filings since 2020
0.8 hrs/week
No compensation reported
Steve Harty
Vice President & Director
On filings since 2020
0.8 hrs/week
No compensation reported
Susan Watts
Assistant Secretary & Director
On filings since 2020
0.8 hrs/week
No compensation reported
Tim Day
Vice President, Treasurer & Director
On filings since 2020
0.8 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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $63K, to Katie McCarty (Asst Secretary & Director). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Cornerstone Foundation of
How much does Cornerstone Foundation of give each year?
Cornerstone Foundation of gave $1.4M across 70 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.4M across 60 grants.
What is Cornerstone Foundation of's typical grant size?
Cornerstone Foundation of's median grant in 2024 was $5,625, and its average grant was $19,606, across 70 grants on its 2024 IRS Form 990-PF.
Where does Cornerstone Foundation of give grants?
Cornerstone Foundation of gives mostly in Wisconsin: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Green Bay, WI (54 grants), Depere, WI (6 grants) and Appleton, WI (5 grants).
Does Cornerstone Foundation of give general operating support?
Yes: 11% of Cornerstone Foundation of's 2024 grants with a stated purpose (8 of 70) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Program Support" (5 grants) and "Capital Campaign" (5 grants).
Who are Cornerstone Foundation of's largest grantees?
Cornerstone Foundation of's largest 2024 grantees include Curative Connections ($200,000), Notre Dame De La Baie Academy ($105,000 across 2 grants) and HSHS St Vincentst Mary's Foundation ($100,000), according to its 2024 IRS Form 990-PF. Together they received 30% of its itemized 2024 grant dollars.
How large is Cornerstone Foundation of?
Cornerstone Foundation of reported $24.7M in total assets on its 2024 IRS Form 990-PF. It paid out $1.5M in qualifying distributions that year, against a required minimum of $1.4M (roughly 5% of its investment assets).
What does Cornerstone Foundation of fund?
The foundation’s filings do not state its own mission or formal funding areas. Its grants support a range of organizations and projects. See mission & focus areas ↑
How do I apply for a grant from Cornerstone Foundation of?
Applicants are encouraged to call Katie McCarty before submitting an application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Cornerstone Foundation of's EIN?
Cornerstone Foundation of's EIN (Employer Identification Number) is 36-2761910. 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. 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 of funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/cornerstone-foundation-of-morg_87a955b3084c4d0c8fd4579c2357495b
BibTeX
@misc{grantable_362761910_2026,
author = {{Grantable}},
title = {{Cornerstone Foundation of funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/cornerstone-foundation-of-morg_87a955b3084c4d0c8fd4579c2357495b},
note = {Accessed 2026-10-15. 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 of'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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