TW Charles Cornell
TW Charles Cornell is a private foundation, based in Newtown, PA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $638K in total assets. In 2025, it awarded 1 grant totaling $56K. Net investment income was $24K.
TW Charles Cornell at a glance
In short: TW Charles Cornell gave $56K across 1 grant in 2025 (avg $56K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $56,004
- +0.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $56,004
- +0.0% vs 2024
- Median grant
- $56,004
- Total assets
- $637,652
- -6.9% vs 2024
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who TW Charles Cornell funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Community Welfare Council of Newtown Inc ($56K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How TW Charles Cornell gives
- Giving held roughly steady from 2022 to 2025 (+4%). Method
- In 2025 it paid out 113% 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 2019 to 2025, annual grant giving ranged from $48K (2019) to $56K (2025). In 2025 it made 1 grant totaling $56K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Welfare Council of Newtown Inc Newtown, PA | General Support | $56,004 |
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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 | $637,652 | $17,709 | $64,929 | $56,004 | 1 | $56,004 | $23,733 | $49,530 |
| 2024 | $684,775 | $33,529 | $64,860 | $56,004 | 1 | $56,004 | $24,808 | $50,022 |
| 2023 | $716,191 | $19,632 | $64,333 | $56,004 | 1 | $56,004 | $22,303 | $48,345 |
| 2022 | $760,896 | $32,261 | $63,632 | $54,001 | 1 | $54,001 | $22,630 | $51,841 |
| 2021 | $792,267 | $54,012 | $59,559 | $50,000 | 1 | $50,000 | $43,381 | $55,835 |
| 2020 | $797,815 | $41,816 | $57,138 | $48,000 | 1 | — | $32,678 | $51,921 |
| 2019 | $813,135 | $35,666 | $56,631 | $48,000 | 1 | — | $27,035 | $51,392 |
Under IRS private-foundation payout rules, TW Charles Cornell reported a distributable amount of $50K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
TW Charles Cornell's only listed officer is First National Bank Of Newtown, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
First National Bank Of Newtown
Trustee
On filings since 2023
2 hrs/week
$8K (2023) → $8K (2025)
Former officers (3)
- Former: FNB By Sean Andris (2022) — Trustee
- Former: Sean Andris (2020–2021) — Trustee
- Former: Thomas Mullin (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $8K, to First National Bank of Newtown (Trustee).
Frequently asked questions about TW Charles Cornell
How much does TW Charles Cornell give each year?
TW Charles Cornell gave $56K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $56K across 1 grant.
How large is TW Charles Cornell?
TW Charles Cornell reported $638K in total assets on its 2025 IRS Form 990-PF. It paid out $56K in qualifying distributions that year, against a required minimum of $50K (roughly 5% of its investment assets).
Where does TW Charles Cornell operate?
TW Charles Cornell has awarded grants in Pennsylvania.
What is TW Charles Cornell's EIN?
TW Charles Cornell's EIN (Employer Identification Number) is 23-6654503. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 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 2022 (received by the IRS April 19, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 3, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 2, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 27, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 3, 2022)
Live grants for the work TW Charles Cornell 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 TW Charles Cornell's focus areas in our free grants database
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