The Cone Family Foundation
The Cone Family Foundation is a private foundation, based in Sundance, WY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $418K in total assets. Net investment income was $35K.
The Cone Family Foundation at a glance
- Total assets
- $417,802
- +3.8% vs 2024
- Revenue (2025)
- $18,081
- -41.2% vs 2024
- Net investment income (2025)
- $34,813
- +13.3% vs 2024
- Expenses (2025)
- $2,977
- -90.9% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Cone Family Foundation funds
How this funder distributes its grants
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How The Cone Family Foundation gives
- Giving grew 50% from 2021 to 2024. Method
- In 2024 it paid out 178% 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 2020 to 2024, annual grant giving ranged from $20K (2021) to $40K (2023). In 2024 it made 1 grant totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Montana Warriors on the Water Miles City, MT | Community Welfare | $30,000 |
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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 | $417,802 | $18,081 | $2,977 | — | — | — | $34,813 | $17,003 |
| 2024 | $402,698 | $30,730 | $32,725 | $30,000 | 1 | $30,000 | $30,730 | $16,808 |
| 2023 | $389,693 | $30,722 | $43,066 | $40,000 | 2 | $40,000 | $30,722 | $15,638 |
| 2022 | $402,037 | $30,720 | $35,674 | $30,000 | 2 | $33,114 | $30,720 | $17,357 |
| 2021 | $406,991 | $30,787 | $27,352 | $20,000 | 2 | $23,449 | $27,662 | $20,093 |
| 2020 | $407,327 | $30,881 | $35,225 | $30,000 | 3 | — | $30,881 | $14,207 |
Under IRS private-foundation payout rules, The Cone Family Foundation reported a distributable amount of $17K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Cone Family Foundation is led by Steven E. Brazas, President since 2024 (on filings since 2020); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Steven E. Brazas
President
President, Director & Treasurer → President, 2024
On filings since 2020
10 hrs/week
No compensation reported
Heather Cone-Lombardi
Director
On filings since 2020
1 hr/week
No compensation reported
Michael J. Murray
Director
On filings since 2020
1 hr/week
No compensation reported
Paul C. Bernard
Director
On filings since 2020
1 hr/week
No compensation reported
Judith Martin
Secretary
Director & Secretary → Secretary, 2024
On filings since 2020
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 The Cone Family Foundation
How large is The Cone Family Foundation?
The Cone Family Foundation reported $418K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $18K.
Where does The Cone Family Foundation operate?
The Cone Family Foundation has awarded grants in California, Hawaii, Idaho, Montana, Virginia.
How much is The Cone Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Cone Family Foundation reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Cone Family Foundation's EIN?
The Cone Family Foundation's EIN (Employer Identification Number) is 46-4440025. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 28, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 6, 2026)
- IRS filings on file for fiscal years 2020–2025
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