Corundum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLORADO SPRINGS, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28K in total assets. In 2024, it awarded 6 grants totaling $46K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$28K
-58.8% YoY
Annual Giving
$46K
+820.0% YoY
Grant Count
6
+500.0% YoY
Avg Grant Size
$8K
+53.3% YoY
Under IRS private-foundation payout rules, Corundum Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About Corundum Foundation
Based on IRS filings
Corundum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLORADO SPRINGS, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28K in total assets. In 2024, it awarded 6 grants totaling $46K. Net investment income was $2K.
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 | $27,579 | $66,909 | $71,845 |
| Revenue | $2,845 | $1,164 | $300,068 |
| Expenses | $47,175 | $6,100 | $241,321 |
| Qualifying Distributions | $47,175 | $6,100 | $241,321 |
| Net Investment Income | $1,845 | $1,164 | $68 |
| Distributable Amount | $7,393 | $3,529 | $765 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include STARability Foundation ($10,000), Gustavas Adolphus College ($10,000), Children's Hospital Colorado ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| STARability Foundation Naples, FL | To provide support for operating costs. | $10,000 |
| Gustavas Adolphus College Saint Peter, MN | To provide support for operating costs. | $10,000 |
| Children's Hospital Colorado Colorado Springs, CO | To provide support for operating costs. | $10,000 |
| Explore Ecology Santa Barbara, CA | To provide support for operating costs. | $10,000 |
| St Paul Catholic Church Colorado Springs, CO | To provide support for operating costs. | $5,000 |
| Care and Share Food Bank Colorado Springs, CO | To provide support for operating costs. | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RONALD S JOHNSON | PRESIDENT, SECRETARY | — | — |
| SUSAN D JOHNSON | TREASURER, DIRECTOR | — | — |
| LINDSAY M JOHNSON | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Corundum Foundation?
Corundum Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLORADO SPRINGS, CO. It holds $28K in total assets as of 2024.
How large is Corundum Foundation?
As of 2024, Corundum Foundation holds $28K in total assets with $3K in annual revenue. It awarded 6 grants totaling $46K in 2024.
Where does Corundum Foundation operate?
Corundum Foundation has awarded grants in California, Colorado, Florida, Minnesota.
What size grants does Corundum Foundation award?
In 2024, Corundum Foundation awarded 6 grants totaling $46K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Corundum Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Corundum Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Corundum Foundation's EIN?
Corundum Foundation's EIN (Employer Identification Number) is 26-2111278. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Corundum Foundation'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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