Corning Incorporated Foundation
Corning Incorporated Foundation is a private foundation headquartered in Corning, New York. The foundation operates with a small staff of 2 employees and maintains an active grantmaking program focused on improving quality of life in communities through strategic philanthropic investments.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Revenue
$816K
-77.1% YoY
Qualifying Distributions
$1.1M
-74.9% YoY
Expenses
$1.1M
-81.2% YoY
Under IRS private-foundation payout rules, Corning Incorporated Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The mission of Corning Incorporated Foundation is to improve the quality of life in communities by supporting programs in education, human services, and culture.
The foundation's primary funding areas include:
- Education: Enhancing educational opportunities, with particular emphasis on STEM and STEAM areas, as well as college preparation
- Human Services: Providing support for basic human needs and wellness, particularly for at-risk youth, community health care, and pediatrics
- Arts and Culture: Promoting arts and culture to foster creativity and community engagement, including support for arts education, museums, and libraries
- Disaster Relief: Basic and emergency aid
Grantmaking
The foundation awards grants across its focus areas with typical awards ranging from $400 to $200,000.
Grant Range
$13,500
Average Grant
$13,500
Grant Types
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Geographic Focus
Where this funder awards grants
The foundation primarily supports communities in the Corning, New York region and surrounding areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total assets: $1.2 million
- Annual revenue: $3.6 million
- Total annual giving: $3.5 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $1,179,533 | $3,716,307 |
| Revenue | $815,736 | $3,569,297 | $3,419,322 |
| Expenses | $1,093,187 | $5,806,174 | $6,135,017 |
| Qualifying Distributions | $1,083,496 | $4,312,588 | $3,578,505 |
| Net Investment Income | $900 | $129,936 | $226,339 |
| Distributable Amount | $1,074 | $149,497 | $285,631 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
200 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Leadership team and compensation from IRS filings
Key trustees include:
- Dr. Jeffrey W. Evenson
- Lawrence D. McRae
- Lewis A. Steverson
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LEWIS A STEVERSON | TRUSTEE | 0.16 | — |
| LINDA E JOLLY | CHAIRMAN | 0.16 | — |
| MICHAEL A BELL | TRUSTEE | 0.06 | — |
| JAYMING AMIN | TRUSTEE | 0.09 | — |
| FRED ARCURI | SECRETARY | 0.16 | — |
Recent News & Activity
Recent developments and announcements
Recent grant awards and initiatives include:
**2025**: Corning Incorporated and LECOM at Elmira launched the Future Foundations Health Scholarship to address rural healthcare shortages
Corning Announces 2024 Edge for Tomorrow Future Teachers Grant Recipient**2025**: Ephraim McDowell Health Care Foundation Inc. received a $1,000 grant
Ephraim McDowell Health Care Foundation Inc. Awarded $1,000 Corning Grant**2023**: Elmira College received a $20,000 grant from the foundation
Ephraim McDowell Health Care Foundation Inc. Awarded $1,000 Corning GrantThe foundation administers the "Edge for Tomorrow Future Teachers Grant" program
Corning Announces 2024 Edge for Tomorrow Future Teachers Grant RecipientFrequently Asked Questions
What does Corning Incorporated Foundation fund?
The mission of Corning Incorporated Foundation is to improve the quality of life in communities by supporting programs in education, human services, and culture. The foundation's primary funding areas include: • **Education**: Enhancing educational opportunities, with particular emphasis on STEM and STEAM areas, as well as college preparation • **Human Services**: Providing support for basic human needs and wellness, particularly for at-risk youth, community health care, and pediatrics • **Arts…
How do I apply for a grant from Corning Incorporated Foundation?
**Grant Activity:** • Number of grants awarded: 263 • Average grant size: $13,500 • Median grant size: $5,000 • Total annual giving: $3.5 million • Annual revenue: $3.6 million **Grant Types:** The foundation awards grants across its focus areas with typical awards ranging from $400 to $200,000.
Where does Corning Incorporated Foundation make grants?
The foundation primarily supports communities in the Corning, New York region and surrounding areas.
How much is Corning Incorporated Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Corning Incorporated Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Corning Incorporated Foundation's EIN?
Corning Incorporated Foundation's EIN (Employer Identification Number) is 16-6051394. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Corning Incorporated Foundation'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.
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