Overview
The Cornerstone Foundation, based in Elverson, Pennsylvania, is a philanthropic organization with assets totaling $24,837,260. The foundation's expenses amount to $2,388,068, while its revenue is $979,379. It focuses on funding initiatives in education, particularly graduate and professional education, as well as religious activities related to Christianity, Protestantism, and Baptist theology. Additionally, it supports sports and recreation, community recreation, and camps. The foundation has funded projects in various cities across the United States, including Akron, Atlanta, Cleveland, and Philadelphia, among others, and operates in states such as California, Florida, Georgia, and Texas. The leadership team comprises Edward H. Cone as President/Treasurer, Robert L. Cone as Vice President/Secretary, and several directors, all of whom work voluntarily without compensation.
Focus areas
Geographic focus
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Financials
in 2024, compared to $26,237,100 in 2023
33 grants awarded in 2024
Of total expenses go to programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $375,000 | FAITH BAPTIST BIBLE COLLEGE | BUILDING RENOVATION | 1900 NW FOURTH STREET ANKENY, IA US | 2022 |
| $365,000 | BIBLICAL MINISTRIES WORLDWIDE | CHARITABLE, CHURCH FEEDING PROJECT | 1595 HERRINGTON ROAD LAWRENCEVILLE, GA US | 2024 |
| $260,400 | HIGH POINT CAMP | CHARITABLE, CAMP SCHOLARSHIPS | 200 CHAPEL ROAD BIRDSBORO, PA US | 2024 |
| $200,000 | AZTECA NACIONAL AC | CHARITABLE, UCLA | COLONIA 13 DE MAYO GUADALUPE, MX | 2022 |
| $170,000 | BETHANY CHURCH | CHARITABLE, CHURCH BUILDING | 164 DOUGLASS STREET READING, PA US | 2022 |
| $155,000 | CAMP LOMA DEVIDA | CAMP SCHOLARSHIPS, REPAIR ROOF, NEW CABIN | PO BOX 418 EDINBURG, TX US | 2022 |
| $151,500 | GOSPEL MISSION OF SOUTH AMERICA | CHARITABLE, SHORT TERM MISSIONS TRIP | 1401 SW 21ST AVENUE FT LAUDERDALE, FL US | 2022 |
| $145,000 | GRAND VIEW CAMP | CAMP SCHOLARSHIPS, BUILDING PROJECTS | 700 LAWN AVENUE SELLERSVILLE, PA US | 2023 |
| $140,000 | CAMP LOMA DEVIDA | CHARITABLE, MATERIALS FOR PROJECTS | PO BOX 418 EDINBURG, TX US | 2024 |
| $136,500 | GRAND VIEW CAMP | SCHOLARSHIPS, STAFF HOUSING NEEDS, AND CAMP INN PROJECT | 700 LAWN AVENUE SELLERSVILLE, PA US | 2022 |
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People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
EHC
EDWARD H CONE
| PRESIDENT/TREASURER | $0 | 2022 |
RLC
ROBERT L CONE
| VICE PRESIDENT/SECRETARY | $0 | 2022 |
DHS
DERIAL H SANDERS
| DIRECTOR | $0 | 2022 |
SEC
STEPHEN E CONE
| DIRECTOR | $0 | 2022 |
JZ
JULIE ZUBER
| DIRECTOR | $0 | 2022 |
PJC
PHILIP J CONE
| DIRECTOR | $0 | 2022 |
MTC
MICHAEL T CONE
| DIRECTOR | $0 | 2022 |
EHC
EDWARD H CONE
| PRESIDENT/TREASURER | $0 | 2023 |
RLC
ROBERT L CONE
| VICE PRESIDENT/SECRETARY | $0 | 2023 |
DHS
DERIAL H SANDERS
| DIRECTOR | $0 | 2023 |
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025