Joseph F Cornelius

Private foundation · Grantmaker Belleair, FL EIN: 59-1084951

Joseph F Cornelius is a private foundation, based in Belleair, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $851K in total assets. In 2024, it awarded 7 grants totaling $57K. Net investment income was $36K.

Key facts about Joseph F Cornelius

In short: Joseph F Cornelius gave $57K across 7 grants in 2024 (avg $8K), mostly in Florida. Source: 2024 IRS Form 990-PF.

EIN
59-1084951
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$56,809
Grants made (2024)
7
Average grant
$8,116
Median grant
$5,500
Total assets
$850,971
Primary geography
Florida (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$851K

-3.0% YoY

Annual Giving

$57K

+4.5% YoY

Grant Count

7

-22.2% YoY

Avg Grant Size

$8K

+34.4% YoY

Under IRS private-foundation payout rules, Joseph F Cornelius reported a distributable amount of $63K for 2024 — the minimum it must pay out in qualifying distributions.

How Joseph F Cornelius gives

  • Giving grew 24% from 2021 to 2024. Method
  • In 2024 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 7 itemized grants.

States

Cities

BelleairTreasure IslandBellaire

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K8 grants2020 8 grants2021 9 grants2022 9 grants2023 7 grants2024

From 2020 to 2024, annual grant giving ranged from $44K (2020) to $64K (2022). In 2024 it made 7 grants totaling $57K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Religion: $28KReligion$28KMedical Research: $10KMedical Research$10KHuman Services: $8KHuman Services$8KEducation: $6KEducation$6KEnvironment: $4KEnvironment$4KAnimal Welfare: $1KAnimal Welfare$1KArt and Culture: $50Art and Culture$50

The largest 2024 recipient was Religion ($28K). Together the top 7 received $57K.

Grant Size Distribution

41 grants across all recorded years

41<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 41 grants of 41 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Religion Belleair, FLGeneral Operations$28,015
Medical Research Belleair, FLGeneral Operations$9,630
Human Services Belleair, FLGeneral Operations$8,048
Education Belleair, FLGeneral Operations$5,500
Environment Belleair, FLGeneral Operations$4,491
Animal Welfare Bellaire, FLGeneral Operations$1,075
Art and Culture Belleair, FLGeneral Operations$50

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$850,971$877,483$892,713
Revenue$49,286$55,684$51,130
Expenses$70,232$69,775$79,011
Qualifying Distributions$56,809$54,337$64,013
Net Investment Income$35,863$39,189$37,682
Distributable Amount$63,335$55,139$59,912

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Joseph F Cornelius is led by Karen Crown, President since 2024 (on filings since 2020); none of the 5 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Karen Crown

    President

    President → Director, 2021

    Director → President, 2024

    On filings since 2020

    No compensation reported

  • Janine K. Cornelius

    Director

    Secretary → President, 2021

    President → Director, 2024

    On filings since 2020

    No compensation reported

  • Kelly Freeman

    Vice President

    Director → Vice President, 2021

    On filings since 2020

    No compensation reported

  • Nathan S. Freeman

    Treasurer

    On filings since 2020

    No compensation reported

  • Jay F. Cornelius

    Secretary

    On filings since 2023

    No compensation reported

Former officers (2)
  • Former: Joseph F. Cornelius Jr. (2020–2023) — Director
  • Former: Joseph F. Cornelius III (2020–2022) — Secretary

Data from IRS Form 990 filings, 2020–2024. "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 Joseph F Cornelius

How much does Joseph F Cornelius give each year?

Joseph F Cornelius gave $57K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $54K across 9 grants.

What is Joseph F Cornelius's typical grant size?

Joseph F Cornelius's median grant in 2024 was $5,500, and its average grant was $8,116, across 7 grants on its 2024 IRS Form 990-PF.

Where does Joseph F Cornelius give grants?

Joseph F Cornelius gives mostly in Florida: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Belleair, FL (6 grants).

Does Joseph F Cornelius give general operating support?

Yes: 100% of Joseph F Cornelius's 2024 grants with a stated purpose (7 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Joseph F Cornelius's largest grantees?

Joseph F Cornelius's largest 2024 grantees include Religion ($28,015), Medical Research ($9,630) and Human Services ($8,048), according to its 2024 IRS Form 990-PF. Together they received 80% of its itemized 2024 grant dollars.

How large is Joseph F Cornelius?

Joseph F Cornelius reported $851K in total assets on its 2024 IRS Form 990-PF. It paid out $57K in qualifying distributions that year, against a required minimum of $63K (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 is Joseph F Cornelius's EIN?

Joseph F Cornelius's EIN (Employer Identification Number) is 59-1084951. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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