Corundum Foundation
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.
Key facts about Corundum Foundation
- EIN
- 26-2111278
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $46,000
- Grants made (2024)
- 6
- Average grant
- $7,667
- Median grant
- $10,000
- Total assets
- $27,579
- Primary geography
- Colorado (35% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Corundum Foundation funds
By grant dollars, the top recipient states for Corundum Foundation's 6 itemized 2024 grants were Colorado (35%), Florida (22%) and Minnesota (22%). The most frequent recipient cities were Colorado Springs, CO (3 grants). 100% of grants with a stated purpose were for general or operating support.
How Corundum Foundation gives
- Giving fell 39% from 2021 to 2024. Method
- In 2024 it paid out 638% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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
Share of all 6 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients 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
No officer or director reported compensation in the available filings.
From 2024 IRS 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.