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Form 990-PFTax year 2024EIN 31-1220787

Cornerstone Foundation

A private foundation in Cincinnati, OH. Its return for tax year 2024 lists 15 grants and $71,794 paid in grants.

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests. It still lists the details below.

Contact
Ronald H McSwain
366 Oak Drive
Cincinnati, OH 45246
(513) 554-1600
Form and materials
Written request in letter form
Deadlines
None
Restrictions
None

Assets and giving by year

7 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $71,794

    Grants listed
    15
    Assets, end of year
    $779,138
  • Tax year 2023

    $44,600

    Grants listed
    13
    Assets, end of year
    $739,922
  • Tax year 2022

    $51,800

    Grants listed
    14
    Assets, end of year
    $746,136
  • Tax year 2021

    $61,650

    Grants listed
    18
    Assets, end of year
    $813,476
  • Tax year 2020

    $150,624

    Grants listed
    20
    Assets, end of year
    $759,807
  • Tax year 2019

    $165,929

    Grants listed
    13
    Assets, end of year
    $726,833
  • Tax year 2018

    $203,822

    Grants listed
    20
    Assets, end of year
    $811,612

Grants paid in 2024

15 grants, largest first

As listed on the return.

  1. Olivet UniversityBourbonnais, IL

    Charitable

    $20,094
  2. City Gospel MissionCincinnati, OH

    Charitable

    $10,000
  3. Tunnels to TowersStaten Island, NY

    Charitable

    $6,000
  4. ChcaCincinnati, OH

    Charitable

    $6,000
  5. RestavecCincinnati, OH

    Charitable

    $5,000
  6. In FaithExon, PA

    Charitable

    $5,000
  7. ProkidsCincinnati, OH

    Charitable

    $5,000
  8. Urban Young LifeMason, OH

    Charitable

    $3,000
  9. Omf InternationalLittleton, CO

    Charitable

    $2,600
  10. Crossroads Health CenterMentor, OH

    Charitable

    $2,500
  11. Lighthouse Youth ServicesCincinnati, OH

    Charitable

    $2,500
  12. Rising LeadersWest Chester, OH

    Charitable

    $2,000
  13. Child's HopeSharonville, OH

    Charitable

    $1,000
  14. Back to Back MinistriesMason, OH

    Charitable

    $600
  15. Daily Hope MinistriesRancho Santa Margarita, CA

    Charitable

    $500

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education1 grant $6,00039% of the total
  2. Civil rights1 grant $5,00032% of the total
  3. Human services2 grants $4,50029% of the total

By State

Grants to organizations with a US address, latest year.

  1. Ohio10 grants $37,600
  2. Illinois1 grant $20,094
  3. New York1 grant $6,000
  4. Pennsylvania1 grant $5,000
  5. Colorado1 grant $2,600
  6. California1 grant $500

Officers, directors and trustees

5 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Ronald H McSwainPRESIDENT/TREASURER Hours 1Pay $0
  • Phyllis McSwainVICE PRESIDENT Hours 0.5Pay $0
  • Jason McSwainSECRETARY Hours 0.5Pay $0
  • Julie CarnesDIRECTOR Hours 0.5Pay $0
  • Michelle BaconDIRECTOR Hours 0.5Pay $0

The return

More foundations

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Same main cause (education), giving between a quarter and four times this foundation’s where possible, nearby first.

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