Three Cords Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RESTON, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16K in total assets. In 2024, it awarded 5 grants totaling $2.7M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16K
-68.9% YoY
Annual Giving
$2.7M
+114.2% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$550K
+71.3% YoY
Under IRS private-foundation payout rules, Three Cords Foundation reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
About Three Cords Foundation
Based on IRS filings
Three Cords Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RESTON, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16K in total assets. In 2024, it awarded 5 grants totaling $2.7M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,801 | $50,791 | $49,760 |
| Revenue | $2,715,000 | $1,285,000 | $2,093,000 |
| Expenses | $2,749,990 | $1,283,969 | $2,122,000 |
| Qualifying Distributions | $2,749,990 | $1,283,969 | $2,122,000 |
| Net Investment Income | — | — | — |
| Distributable Amount | $4,616 | $4,030 | $2,853 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Trinity Christian College ($2,325,000), Friends of Lake Leelanau ($340,000), Journey Church of the Assemblies of God Inc ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN ACADEMY OF OSTEOPATHY INDIANAPOLIS, IN | SCHOLARSHIP FUND FOR CONVOCATION PARTICIPANTS | $10,000 |
| FRIENDS OF LAKE LEELANAU LELAND, MI | SUPPORT OF FLL CAMPAIGN | $340,000 |
| JOURNEY CHURCH OF THE ASSEMBLIES OF GOD INC KENOSHA, WI | GENERAL SUPPORT | $50,000 |
| KIDS CONNECT CHARITABLE FUND RESTON, VA | MEDICAL EXPENSES, LOST COMPENSATION | $24,990 |
| TRINITY CHRISTIAN COLLEGE PALOS HEIGHTS, IL | GENERAL SUPPORT, PRESIDENT PRIORITIES, AND TO SUPPORT ADMISSIONS STRATEGIES WITH THE OVERALL GOAL OF POSITIVELY IMPACTING STUDENT RECRUITMENT | $2,325,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMIE STEPHENSON | PRESIDENT/DIRECTOR | 1 | — |
| CHRISTOPHER STEPHENSON | SECRETARY/TREASURER/DIRECTOR | 1 | — |
| LUKE STEPHENSON | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Three Cords Foundation?
Three Cords Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RESTON, VA. It holds $16K in total assets as of 2024.
How large is Three Cords Foundation?
As of 2024, Three Cords Foundation holds $16K in total assets with $2.7M in annual revenue. It awarded 5 grants totaling $2.7M in 2024.
Where does Three Cords Foundation operate?
Three Cords Foundation has awarded grants in Arizona, Illinois, Indiana, Michigan, Virginia, Wisconsin.
What size grants does Three Cords Foundation award?
In 2024, Three Cords Foundation awarded 5 grants totaling $2.7M — an average of about $550K per grant, based on its IRS Form 990 filings.
How much is Three Cords Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Three Cords Foundation reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Three Cords 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.
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