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Filing year 2024

THE JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION

Charlottesville, Virginia·EIN 13-3097502·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$10.4M
Total assets
$64.5M
Total expenses
$5.5M
Reported officers
2

Executive compensation

Form 990-PF · Part VIII · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Virginia.

Trustee
Board Member
Above 90th percentile
$196k
$208k
Trustee
Board Member
Above 90th percentile
$196k
$208k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
4%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$4.6M

Itemized grants

54

Median grant

$28k

RecipientLocationPurposeAmount
UNIVERSITY OF VIRGINIACHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$635k
METROPOLITAN OPERA ASSOCIATIONNEW YORK, NYGRANT IS FOR DONEE'S EXEMPT PURPOSE$600k
WNETNEW YORK, NYGRANT IS FOR DONEE'S EXEMPT PURPOSE$525k
CHARLOTTESVILLE OPERACHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$250k
FRALIN MUSEUM OF ART AT UVARICHMOND, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$250k
THOMAS JEFFERSON FOUNDATION (MONTICELLO)CHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$250k
SANTA FE OPERASANTA FE, NMGRANT IS FOR DONEE'S EXEMPT PURPOSE$225k
UNIVERSITY OF VIRGINIA COLLEGE FOUNDATIONCHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$105k
ARC OF THE PIEDMONTCHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$100k
CHARLOTTESVILLE BALLETCHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$100k
CHARLOTTESVILLE SYMPHONY SOCIETYCHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$100k
HOSPICE OF THE PIEDMONTCHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$100k
PARAMOUNT THEATERCHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$100k
PEABODY ESSEX MUSEUMSALEM, MAGRANT IS FOR DONEE'S EXEMPT PURPOSE$100k
ST BARTHOLOMEW'S CONSERVANCYNEW YORK, NYGRANT IS FOR DONEE'S EXEMPT PURPOSE$100k
THE MILLER CENTER FOUNDATIONCHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$100k
BOYS AND GIRLS CLUBS OF CENTRAL VIRGINIACHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$85k
CAMP HOLIDAY TRAILS INCCHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$75k
VIRGINIA FOUNDATION FOR THE HUMANITIES AND PUBLIC POLICYCHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$75k
OPERA AMERICANEW YORK, NYGRANT IS FOR DONEE'S EXEMPT PURPOSE$60k
AMERICAN SHAKESPEARE CENTERSTAUNTON, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$50k
ARTSMARTPHILADELPHIA, PAGRANT IS FOR DONEE'S EXEMPT PURPOSE$50k
BENNETT'S VILLAGECHARLOTTESVILLE, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$50k
CONEXUSRICHMOND, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$50k
ASSOCIATION FOR THE PRESERVATION OF VIRGINIA ANTIQUITIESRICHMOND, VAGRANT IS FOR DONEE'S EXEMPT PURPOSE$35k
Compare this foundation's grantees

Up 10%
from 2023

From $179k in 2023 to $196k in 2024.

$179k
2023
$196k
2024
In today's dollarsEst.
Up 7% in real terms$195k to $208k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 10% from 2023 to 2024, while revenue rose 48%.

$179k in 2023 to $196k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION

What does the Board Member of THE JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION earn?

In 2024, the Board Member of THE JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION received $196,308 in total compensation. This pay is in the top 10% for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Virginia: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at THE JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Virginia, the 2024 pay of the Board Member at THE JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION falls in the top 10%. In 2024, the highest total compensation at THE JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION's revenue and expenses?

In 2024, THE JOSEPH AND ROBERT CORNELL MEMORIAL FOUNDATION reported $10.4M in total revenue and $5.5M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.