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Cornerstone Foundation

Profile

Last Updated: 2016-05-13

At A Glance

Cornerstone Foundation

(formerly GCP Foundation)

4020 Main St.

Elverson, PA United States 19520-9305

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $21,468,033

Total giving: $446,840

EIN

232593411

BRIDGE Number

3021230794

Background

Established in 1989 in PA; funded in 1990

Purpose and Activities

Giving primarily to Baptist organizations, including churches, missions, Bible colleges, and a theological seminary; funding also for other Protestant organizations, particularly faith-based Christian camps.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Program-Related Investment

The foundation has made a PRI, in the form of a loan to a Gospel mission. Historically, the foundation has made PRIs in the form of mortgage loans to a Baptist theological seminary and two to American Association of Christian Schools.

Fields of Interest

Subjects
  • Baptist
  • Camps
  • Community recreation
  • Education
  • Elementary and secondary education
  • Graduate and professional education
  • Sports and recreation
  • Theology
Population Groups
  • Academics
  • Baptists
  • Children and youth
  • Christians
  • Protestants
  • Students

Financial Data

Year ended 2014-12-31

Assets: $21,468,033 (market value)

Gifts received: $8,050,000

Expenditures: $546,007

Total giving: $446,840

Qualifying distributions: $446,840