Michigan · Public charity
Cornerstone Alliance
CORNERSTONE ALLIANCE delivers customer-focused economic development solutions through partnerships that grow employment opportunities, increase the tax base and add to the economic vibrancy of michigan's great southwest.
- $55k
- Granted FY2024(still arriving)
- 3
- Itemized grants FY2024
- 4
- Organizations funded FY2019
- 75%
- First-time grantees FY2019
- Itemized, FY2024
- $30k
- The rest is grants the schedule does not break out
- Median grant, FY2024
- $10,000
- Largest grant, FY2024
- $10,000
- Organizations funded a year
- 1 to 4
- FY2017 to FY2019
- States reached, FY2024
- 1
- Total assets, FY2024
- $8.3M
How open it is to new grantees
In FY2019, 75% of the organizations Cornerstone Alliance funded were first-time grantees, receiving 46% of its grant dollars.
New vs renewed · share of each year
In FY2019, 54% of grant dollars renewed an existing relationship; $167k went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 3 | $30k | 33% |
| FY2019 | 4 | $367k | 75% |
| FY2018 | 3 | $227k | 67% |
| FY2017 | 1 | $24k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.
Top grantees
Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Renaissance Development Fund | $400,000 | 2 | 10% |
| Jr Automation | $36,000 | 2 | n/a |
| City of Benton Harbor | $15,000 | 1 | n/a |
| Filipino Americans in Tech Inc | $10,000 | 1 | n/a |
Plus 3 recipients with no EIN on record ($187k), not named here.
About Cornerstone Alliance
- How much does Cornerstone Alliance give?
- Cornerstone Alliance reported 3 itemized grants totaling $30,000, out of $54,898 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 1 and 4 organizations a year over FY2017 to FY2019.
- What does Cornerstone Alliance fund?
- By grant dollars over FY2017 to FY2024, its largest causes are Community Improvement (67%), Environment (23%), Employment (6%).
- Who are Cornerstone Alliance's largest grantees?
- By total granted over FY2017 to FY2024: Renaissance Development Fund ($400k), Jr Automation ($36k), City of Benton Harbor ($15k).
- Does Cornerstone Alliance fund new organizations?
- In FY2019, 75% of the organizations it funded were first-time grantees.
- Where is Cornerstone Alliance based?
- Cornerstone Alliance is based in MI.
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