J B Cornelius Foundation
J B Cornelius Foundation is a private foundation, based in Greenwood, SC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it awarded 3 grants totaling $83K. Net investment income was $119K.
J B Cornelius Foundation at a glance
In short: J B Cornelius Foundation gave $83K across 3 grants in 2025 (avg $28K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $83,000
- -14.4% vs 2024
- Grants made (2025)
- 3
- +50.0% vs 2024
- Average grant
- $27,667
- -43.0% vs 2024
- Median grant
- $22,500
- Total assets
- $1,662,983
- +0.6% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who J B Cornelius Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Greensboro College ($60K). Together the top 3 received $83K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 6 grants of 11 (55%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How J B Cornelius Foundation gives
- Giving fell 24% from 2022 to 2025. Method
- In 2025 it paid out 106% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $83K (2025) to $109K (2022). In 2025 it made 3 grants totaling $83K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Greensboro College Greensboro, NC | To Provide Grants to Female Students | $60,000 |
| Pfeiffer University Misenheimer, NC | To Provide Grants to Female Students | $22,500 |
| Brevard College Brevard, NC | To Provide Grants to Female Students | $500 |
Ready to take the next step with J B Cornelius Foundation?
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 | $1,662,983 | $128,560 | $102,398 | $83,000 | 3 | $92,699 | $118,831 | $87,721 |
| 2024 | $1,652,577 | $122,205 | $117,015 | $97,000 | 2 | $107,007 | $112,197 | $82,524 |
| 2023 | $1,640,691 | $116,869 | $114,418 | $95,000 | 2 | $105,709 | $107,160 | $80,234 |
| 2022 | $1,661,817 | $130,031 | $128,828 | $109,000 | 2 | $118,914 | $121,997 | $96,393 |
| 2021 | $1,656,764 | $114,850 | $123,493 | $105,000 | 2 | — | $105,603 | $82,224 |
Under IRS private-foundation payout rules, J B Cornelius Foundation reported a distributable amount of $88K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
J B Cornelius Foundation is led by Frank C. Sherrill II, President since 2025 (on filings since 2021); 2 of 6 officers listed in 2025 are compensated.
Officers on the 2025 filing
Frank C. Sherrill II
President
Director → President, 2025
On filings since 2021
2.5 hrs/week
No compensation reported
Edwin S. Young
Director
President → Director, 2025
On filings since 2021
No compensation reported
Edwin S. Young Jr.
Director
On filings since 2021
No compensation reported
John L. Sherrill Jr.
Director
On filings since 2021
No compensation reported
C. Kermit Sherrill
Treas.@
Director → Treas.@, 2025
On filings since 2021
2.5 hrs/week
$8K (2025)
John L. Sherrill
Treas.@
Secretary Treasurer → Secretary, 2024
Secretary → Treas.@, 2025
On filings since 2021
2.5 hrs/week
$13K (2021) → $7K (2025)
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $8K, to C Kermit Sherrill (TREAS.@1/25). 2 officers or directors reported compensation on that filing.
Frequently asked questions about J B Cornelius Foundation
How much does J B Cornelius Foundation give each year?
J B Cornelius Foundation gave $83K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $97K across 2 grants.
What is J B Cornelius Foundation's typical grant size?
J B Cornelius Foundation's median grant in 2025 was $22,500, and its average grant was $27,667, across 3 grants on its 2025 IRS Form 990-PF.
Where does J B Cornelius Foundation give grants?
J B Cornelius Foundation gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does J B Cornelius Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on J B Cornelius Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Provide Grants to Female Students" (3 grants).
How large is J B Cornelius Foundation?
J B Cornelius Foundation reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $93K in qualifying distributions that year, against a required minimum of $88K (roughly 5% of its investment assets).
What is J B Cornelius Foundation's EIN?
J B Cornelius Foundation's EIN (Employer Identification Number) is 56-6060705. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Explore Open Grants
Browse active grant opportunities in J B Cornelius Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Lettie Pate Whitehead Foundation Inc
Atlanta, GA
The foundation funds need-based undergraduate scholarships for female Christian students through participating institutions in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia, and supports care for senior women at facilities in Georgia, North Carolina, and Virginia. In 2024, grants ranged from $72,500 to $2,939,000, with a median of $254,000. It does not fund individuals, and institutions not already supported are rarely added; current grantees apply through the foundation’s grant process.
Assets
$990.9M
Grants
208
Total Given
$63.3M
Foundation for the Carolinas
Charlotte, NC
Foundation For The Carolinas funds education and youth development, environmental and wildlife work, health and human services, and animal welfare, with a reported median grant of $25,000 in 2024. Its competitive programs focus on Charlotte-Mecklenburg, the Carolinas, and specific local communities, while donor-advised funds may support eligible nonprofits more broadly; it accepts applications for some competitive grants, but most grants are recommended by fund advisors and have no application process.
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
North Carolina Independent Colleges and Universities Inc
Raleigh, NC
North Carolina Independent supports scholarships and student enrichment at independent colleges and universities, alongside advocacy and programs for the sector. Its 2025 grants went to North Carolina institutions and ranged from $3,500 to $117,313, with a median of $21,576. The profile does not state whether it accepts unsolicited requests.
Assets
$3.4M
Grants
35
Total Given
$1.1M
Council of Independent Colleges
Washington, DC
The Council of Independent Colleges funds nonprofit independent colleges, universities, state-based higher-education councils, and related programs, including NetVUE projects for students and professional development for faculty and staff. Recent grants ranged from $6,500 to $172,504, with a median of $26,354; funding went to recipients across multiple states. NetVUE has published grant opportunities and deadlines, but the available information does not say whether CIC accepts unsolicited requests.
Assets
$89.0M
Grants
176
Total Given
$5.9M
The Winston-Salem Foundation
Winston-Salem, NC
The Winston-Salem Foundation funds charitable organizations serving Forsyth County, North Carolina, across areas including education, housing, economic opportunity, civic engagement, arts, health, and human services. Its 2024 median grant was $25,000; specific programs offer grants ranging from small grants of up to $2,000 to capital grants of up to $100,000. The profile describes application-based programs but does not state whether unsolicited requests are accepted.
Assets
$630.1M
Grants
823
Total Given
$90.4M
TW Fannie M Case Scholarship Fund
Saint Louis, MO
Assets
$303K
Grants
2
Total Given
$9K
More similar funders
More Funders in South Carolina
Cite this profile
Grantable. (2026). J B Cornelius Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/j-b-cornelius-foundation-morg_c663c9ef23e94fea9466d2393004fad3
BibTeX
@misc{grantable_566060705_2026,
author = {{Grantable}},
title = {{J B Cornelius Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/j-b-cornelius-foundation-morg_c663c9ef23e94fea9466d2393004fad3},
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 J B Cornelius Foundation'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.
J B Cornelius Foundation down — hundreds of funders to go?