Cornerstone Foundation of
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.
Key facts about Cornerstone Foundation of
- EIN
- 36-2761910
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,372,417
- Grants made (2024)
- 70
- Average grant
- $19,606
- Median grant
- $5,625
- Total assets
- $24,704,992
- Primary geography
- Wisconsin (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026.
Who Cornerstone Foundation of funds
By grant dollars, the top recipient states for Cornerstone Foundation of's 70 itemized 2024 grants were Wisconsin (100%). The most frequent recipient cities were Green Bay, WI (54 grants), Depere, WI (6 grants) and Appleton, WI (5 grants). 11% of grants with a stated purpose were for general or operating support. Recurring purposes include "Program Support" (5 grants) and "Capital Campaign" (5 grants).
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
70
+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.
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
Share of all 70 itemized 2024 grant dollars.
Cities
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
| 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
246 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Curative Connections ($200,000), Notre Dame De La Baie Academy ($105,000 across 2 grants), Hshs St Vincentst Mary's Foundation ($100,000).
| 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 |
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?
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.
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.
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.
Explore Open Grants
Browse active grant opportunities in Cornerstone Foundation of's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.