Three Cords Foundation
Three Cords Foundation is a private foundation, based in Reston, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $6K in total assets. In 2025, it awarded 2 grants totaling $25K.
Three Cords Foundation at a glance
In short: Three Cords Foundation gave $25K across 2 grants in 2025 (avg $12K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $24,545
- -99.1% vs 2024
- Grants made (2025)
- 2
- -60.0% vs 2024
- Average grant
- $12,273
- -97.8% vs 2024
- Median grant
- $12,273
- Total assets
- $6,256
- -60.4% vs 2024
- Primary geography
- Virginia (59% 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 Three Cords Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Kids Connect Charitable Fund ($15K). Together the top 2 received $25K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 9 grants of 22 (41%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Three Cords Foundation gives
- Giving fell 99% from 2022 to 2025. Method
- In 2025 it paid out well above 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 $25K (2025) to $2.7M (2024). In 2025 it made 2 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kids Connect Charitable Fund Reston, VA | General Support | $14,545 |
| Sleep in Heavenly Peace Inc Racine, WI | Programmatic Expenses | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $6,256 | $15,000 | $24,545 | $24,545 | 2 | $24,545 | $302 |
| 2024 | $15,801 | $2,715,000 | $2,749,990 | $2,749,990 | 5 | $2,749,990 | $4,616 |
| 2023 | $50,791 | $1,285,000 | $1,283,969 | $1,283,969 | 4 | $1,283,969 | $4,030 |
| 2022 | $49,760 | $2,093,000 | $2,122,000 | $2,122,000 | 7 | $2,122,000 | $2,853 |
| 2021 | $78,760 | $630,010 | $551,250 | $551,250 | 4 | $551,250 | $3,095 |
Under IRS private-foundation payout rules, Three Cords Foundation reported a distributable amount of $302 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Three Cords Foundation is led by Jamie Stephenson, President & Director on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jamie Stephenson
President & Director
On filings since 2020
1 hr/week
No compensation reported
Christopher Stephenson
Secretary, Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
Luke Stephenson
Director
On filings since 2020
1 hr/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 Three Cords Foundation
How much does Three Cords Foundation give each year?
Three Cords Foundation gave $25K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.7M across 5 grants.
How large is Three Cords Foundation?
Three Cords Foundation reported $6K in total assets on its 2025 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $302 (roughly 5% of its investment assets).
Where does Three Cords Foundation operate?
Three Cords Foundation has awarded grants in Arizona, Illinois, Indiana, Michigan, Virginia, Wisconsin.
What is Three Cords Foundation's EIN?
Three Cords Foundation's EIN (Employer Identification Number) is 85-3561645. 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 31, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 9, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Three Cords Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Three Cords Foundation's focus areas in our free grants database
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