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.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.7M
+0.6% YoY
Annual Giving
$83K
-14.4% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$28K
-43.0% YoY
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.
About J B Cornelius Foundation
Based on IRS filings
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.
Ready to take the next step with J B Cornelius Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,662,983 | $1,652,577 | $1,640,691 |
| Revenue | $128,560 | $122,205 | $116,869 |
| Expenses | $102,398 | $117,015 | $114,418 |
| Qualifying Distributions | $92,699 | $107,007 | $105,709 |
| Net Investment Income | $118,831 | $112,197 | $107,160 |
| Distributable Amount | $87,721 | $82,524 | $80,234 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Greensboro College ($60,000), Pfeiffer University ($22,500), Brevard College ($500).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN L SHERRILL | TREAS.@5/24 | 2.5 | $7,000 |
| MRS EDWIN S YOUNG | DIRECTOR | — | — |
| FRANK C SHERRILL II | PRESIDENT | 2.5 | — |
| C KERMIT SHERRILL | TREAS.@1/25 | 2.5 | $8,000 |
| EDWIN S YOUNG JR | DIRECTOR | — | — |
| JOHN L SHERRILL JR | DIRECTOR | — | — |
Frequently Asked Questions
How large is J B Cornelius Foundation?
As of 2025, J B Cornelius Foundation holds $1.7M in total assets with $129K in annual revenue. It awarded 3 grants totaling $83K in 2025.
Where does J B Cornelius Foundation operate?
J B Cornelius Foundation has awarded grants in North Carolina.
What size grants does J B Cornelius Foundation award?
In 2025, J B Cornelius Foundation awarded 3 grants totaling $83K — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is J B Cornelius Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, J B Cornelius Foundation reported a distributable amount of $88K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in J B Cornelius 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.