Cornwall Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPLES, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 10 grants totaling $150K. Net investment income was $167K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
-0.7% YoY
Annual Giving
$150K
+0.1% YoY
Grant Count
10
+42.9% YoY
Avg Grant Size
$15K
-29.9% YoY
Under IRS private-foundation payout rules, Cornwall Foundation Inc reported a distributable amount of $162K for 2024 — the minimum it must pay out in qualifying distributions.
About Cornwall Foundation Inc
Based on IRS filings
Cornwall Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPLES, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 10 grants totaling $150K. Net investment income was $167K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,497,765 | $2,515,785 | $2,513,359 |
| Revenue | $167,370 | $156,487 | $230,510 |
| Expenses | $185,390 | $154,061 | $67,261 |
| Qualifying Distributions | $149,761 | $149,561 | $66,261 |
| Net Investment Income | $167,320 | $156,487 | $230,510 |
| Distributable Amount | $161,623 | $147,474 | $149,515 |
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
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community School of Naples ($50,000), Golisano Children's Museum of Naples ($25,200), Saint Ann School Foundation ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Catholic Charities of Collier County Naples, FL | Contribution to general programs and services for those in need in Collier County. | $5,000 |
| Community Foundation of Collier County Inc Naples, FL | Contribution to address the specific needs of individuals residing in the Naples community. | $1,000 |
| Community School of Naples Naples, FL | Contribution to the Angel Ball which supports the CSN Financial Aid Program. | $50,000 |
| Golisano Children's Museum of Naples Naples, FL | Contribution to the Night at the Museum event supporting the Museum's goal of inspiring children and families through playful learning experiences. | $25,200 |
| Naples Performing Arts Center Naples, FL | Contribution to fund scholarships awarded students to receive an education in the arts. | $10,000 |
| Naples Zoo Inc Naples, FL | Contribution to support the Zoo's work to inspire conservation ethics and appreciation for the natural world. | $5,000 |
| Path2Freedom Inc Naples, FL | Contribution to the Red Gala event benefitting child survivors of human trafficking. | $2,500 |
| Saint Ann School Foundation Naples, FL | Contribution to support scholarships and tuition assistance for Saint Ann School students. | $20,000 |
| Sullivan 180 Inc Liberty, NY | Contribution to support the organization's goal of improving the health and wellness of Sullivan County. | $20,000 |
| The Frederick Gunn School Washington, CT | Contribution to support the 1850 Fund which supports the operating expenses of the school, including extracurricular activities, campus renewal, faculty development, technology, arts, and athletics. | $11,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sandra Gerry | President, Director | 5 | — |
| Adam Gerry | Vice President, Director | 5 | — |
| Peter Racette | Treasurer | 2 | — |
| Teri Beimler | Secretary | 2 | — |
| Michael Fitzpatrick | Vice President | 2 | — |
| Robyn Gerry | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cornwall Foundation Inc?
Cornwall Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPLES, FL. It holds $2.5M in total assets as of 2024.
How large is Cornwall Foundation Inc?
As of 2024, Cornwall Foundation Inc holds $2.5M in total assets with $167K in annual revenue. It awarded 10 grants totaling $150K in 2024.
Where does Cornwall Foundation Inc operate?
Cornwall Foundation Inc has awarded grants in Connecticut, Florida, Indiana, New York, Oklahoma.
What size grants does Cornwall Foundation Inc award?
In 2024, Cornwall Foundation Inc awarded 10 grants totaling $150K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Cornwall Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cornwall Foundation Inc reported a distributable amount of $162K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cornwall Foundation Inc's EIN?
Cornwall Foundation Inc's EIN (Employer Identification Number) is 65-1159972. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cornwall Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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