First Cornerstone Foundation Inc-Ima
First Cornerstone Foundation Inc-Ima is a private foundation based in West Chester, Pennsylvania. It supports charitable organizations, with 2025 grants going to recipients in Pennsylvania, Montana, California, Maine, and Oregon.
First Cornerstone Foundation Inc-Ima at a glance
In short: First Cornerstone Foundation Inc-Ima gave $416K across 60 grants in 2025 (avg $7K), mostly in Pennsylvania. 10% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $416,250
- -6.9% vs 2024
- Grants made (2025)
- 60
- -17.8% vs 2024
- Average grant
- $6,938
- +13.3% vs 2024
- Median grant
- $5,000
- Total assets
- $7,727,391
- +1.7% vs 2024
- New grantees (estimate)
- 10% first-time grantees (6 of 60, 2025)
- Primary geography
- Pennsylvania (57% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to First Cornerstone Foundation Inc-Ima
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 975 Hillsdale Road, West Chester, PA 19382-1920
Phone: (610) 254-1199
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who First Cornerstone Foundation Inc-Ima funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Montana Land Reliance ($18K). Together the top 10 received $138K.
Grant Size Distribution
360 grants across all recorded years
The most common grant size was under $50K: 360 grants of 360 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 57% of grant dollars went to recipients in Pennsylvania and 27% to recipients in Montana. Other reported recipient-state shares were California, 4%; Maine, 4%; and Oregon, 1%.
Grant Distribution by State
Share of 2025 grant dollars across all 60 itemized grants.
States
Cities
Is First Cornerstone Foundation Inc-Ima open to new grantees?
10%
first-time grantees, 2025
In 2025, 6 of 60 grantees (10%) were first-time recipients. First grants averaged $4K; repeat grants $7K. How we count
Medians: $4K first-time, $5K repeat.
- 85% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−18%). Method
- In 2025 it paid out 84% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $397K (2021) to $509K (2022). In 2025 it made 60 grants totaling $416K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Montana Land Reliance Helena, MT | General Operating | $18,000 |
| Chester County Hospital Foundation West Chester, PA | General Operating | $15,000 |
| Peters Place Radnor, PA | General Operating | $15,000 |
| Chester County Food Bank Exton, PA | General Operating | $15,000 |
| Kieve Wavus Education Inc Nobleboro, ME | General Operating | $15,000 |
| Community Volunteers in Medicine West Chester, PA | General Operating | $15,000 |
| Stroud Water Research Avondale, PA | General Operating | $15,000 |
| The Center for Early Education West Hollywood, CA | General Operating | $10,000 |
| Friends Association West Chester, PA | General Operating | $10,000 |
| Thorncroft Therapeutic Riding Malvern, PA | General Operating | $10,000 |
Ready to take the next step with First Cornerstone Foundation Inc-Ima?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $7,727,391 | $569,933 | $437,575 | $416,250 | 60 | $421,229 | $560,372 | $499,203 |
| 2024 | $7,597,969 | $1,046,604 | $476,176 | $447,000 | 73 | $451,422 | $1,034,313 | $451,253 |
| 2023 | $6,955,247 | $520,657 | $480,004 | $439,200 | 75 | $450,915 | $485,508 | $433,664 |
| 2022 | $6,979,571 | $1,106,657 | $577,275 | $508,530 | 78 | $531,070 | $1,060,049 | $488,211 |
| 2021 | $6,453,353 | $1,127,075 | $457,703 | $397,000 | 74 | — | $592,501 | $470,821 |
Under IRS private-foundation payout rules, First Cornerstone Foundation Inc-Ima reported a distributable amount of $499K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its grants show support for organizations whose work includes healthcare, hunger relief, grief support, education, and land conservation. For example, Community Volunteers in Medicine says it provides free healthcare to uninsured working people with low incomes; Chester County Food Bank describes its work as promoting equitable access to nutritious food; and Gallatin Valley Land Trust says it conserves working lands, rivers, wildlife habitat, and trails.
Grantmaking
In 2025, the foundation awarded 60 grants totaling $416,250. Grants ranged from $1,000 to $18,000, with a median of $5,000. Among the largest awards were $18,000 to Montana Land Reliance and $15,000 each to Chester County Hospital Foundation, Peter’s Place, Chester County Food Bank, Kieve Wavus Education Inc, Community Volunteers in Medicine, and Stroud Water Research. These grants were listed for general operating support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Frances M Abbott as co-trustee and Frances H Abbott Jr as secretary.
First Cornerstone Foundation Inc-Ima's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Frances M. Abbott
Co-Trustee
On filings since 2021
1 hr/week
No compensation reported
Frances H. Abbott Jr.
Secretary
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: BNY Mellon N A (2021–2024) — Trustee
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about First Cornerstone Foundation Inc-Ima
How much does First Cornerstone Foundation Inc-Ima give each year?
First Cornerstone Foundation Inc-Ima gave $416K across 60 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $447K across 73 grants.
What is First Cornerstone Foundation Inc-Ima's typical grant size?
First Cornerstone Foundation Inc-Ima's median grant in 2025 was $5,000, and its average grant was $6,938, across 60 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from First Cornerstone Foundation Inc-Ima that year got $4K on average.
Where does First Cornerstone Foundation Inc-Ima give grants?
First Cornerstone Foundation Inc-Ima gives mostly in Pennsylvania: 57% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Montana (27%). The most frequent recipient cities were West Chester, PA (10 grants), Bozeman, MT (10 grants), Coatesville, PA (4 grants) and Exton, PA (3 grants).
Does First Cornerstone Foundation Inc-Ima give general operating support?
Yes: 100% of First Cornerstone Foundation Inc-Ima's 2025 grants with a stated purpose (60 of 60) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are First Cornerstone Foundation Inc-Ima's largest grantees?
First Cornerstone Foundation Inc-Ima's largest 2025 grantees include Montana Land Reliance ($18,000), Chester County Hospital Foundation ($15,000) and Peters Place ($15,000), according to its 2025 IRS Form 990-PF. Together they received 12% of its itemized 2025 grant dollars.
How large is First Cornerstone Foundation Inc-Ima?
First Cornerstone Foundation Inc-Ima reported $7.7M in total assets on its 2025 IRS Form 990-PF. It paid out $421K in qualifying distributions that year, against a required minimum of $499K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does First Cornerstone Foundation Inc-Ima fund?
No mission statement for the foundation is provided. Its grants show support for organizations whose work includes healthcare, hunger relief, grief support, education, and land conservation. See mission & focus areas ↑
How do I apply for a grant from First Cornerstone Foundation Inc-Ima?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is First Cornerstone Foundation Inc-Ima's EIN?
First Cornerstone Foundation Inc-Ima's EIN (Employer Identification Number) is 42-1653252. IRS Form 990 filing data is available on this page for 2021–2025.
Does First Cornerstone Foundation Inc-Ima accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 7, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 9, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 6, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS November 10, 2025)
- IRS filings on file for fiscal years 2021–2025
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Cite this profile
Grantable. (2026). First Cornerstone Foundation Inc-Ima funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/first-cornerstone-foundation-inc-ima-morg_f264b8fe564b4a4caa88f1f63e007700
BibTeX
@misc{grantable_421653252_2026,
author = {{Grantable}},
title = {{First Cornerstone Foundation Inc-Ima funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/first-cornerstone-foundation-inc-ima-morg_f264b8fe564b4a4caa88f1f63e007700},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from First Cornerstone Foundation Inc-Ima's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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