Co Tua Marion S Covington Fdn
The Marion Stedman Covington Foundation is a private foundation based in Dallas, Texas, that provides financial support for historic preservation projects across North Carolina. Its stated mission is to advocate for historic preservation in North Carolina through financial support to advance the state’s heritage.
Key facts about Co Tua Marion S Covington Fdn
In short: Co Tua Marion S Covington Fdn gave $479K across 36 grants in 2025 (avg $13K), mostly in North Carolina. 81% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 56-6286555
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $478,700
- Grants made (2025)
- 36
- Average grant
- $13,297
- Median grant
- $12,750
- New grantees (estimate)
- 81% first-time grantees (29 of 36, 2025)
- Total assets
- $6,998,594
- Primary geography
- North Carolina (98% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Full details ↓
- Deadline
- March 1 and August 1.
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$7.0M
-3.1% YoY
Annual Giving
$479K
+31.2% YoY
Grant Count
36
+9.1% YoY
Avg Grant Size
$13K
+20.3% YoY
Under IRS private-foundation payout rules, Co Tua Marion S Covington Fdn reported a distributable amount of $504K for 2025 — the minimum it must pay out in qualifying distributions.
Is Co Tua Marion S Covington Fdn open to new grantees?
81%
first-time grantees, 2025
In 2025, 29 of 36 grantees (81%) were first-time recipients. First grants averaged $14K; repeat grants $12K. How we count
Medians: $15K first-time, $13K repeat.
- 6% of 2025 grantees were also funded in 2024. Method
- Giving grew 24% from 2022 to 2025. Method
- In 2025 it paid out 106% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation funds acquisition, rehabilitation and restoration; education; operating and program support; organizational development; publication; and research. It makes grants only to federally tax-exempt nonprofit organizations working on projects in North Carolina. Its guidelines favor critical enabling revenue, projects where its grants generate additional resources, and projects that may serve as models for other communities.
Grantees in 2025 included organizations with varied stated missions. Preservation Greensboro described its mission as building thriving communities by protecting and renewing history and architectural treasures. John C. Campbell Folk School described its mission as bringing people together for learning and community life that spark self-discovery. Mainspring Conservation Trust stated that it works to conserve unique and special places in the Southern Blue Ridge. These are the grantees’ descriptions of their own missions.
Grantmaking
The foundation reported 36 grants totaling $478,700 in 2025. Grants ranged from $5,000 to $26,200, with a median of $12,750; the foundation describes its average grant as around $13,000. Its largest reported 2025 grants included $26,200 to Historic Preservation of North Carolina, $25,000 to Southern Highland Craft Guild, $22,500 to Preservation Durham, and $20,000 each to Triangle East Economic Development Foundation, Preservation Greensboro, and UNC at Chapel Hill. Each was reported as unrestricted general support.
Grants are usually awarded for one year. Matching grants may be requested or designated by the foundation, with three years to raise the matching funds. Recipients must submit a report six months after receiving funds; grant terms are detailed in a contract.
Review Cycle
March 1 and August 1.
How to Apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Its application instructions ask applicants to submit one copy of the application and requested attachments through its website or by mail, without stapling materials or binding them in a notebook. Mailed applications should include color photographs as high-quality prints or on a USB drive. The board meets in May and October to consider requests. Reports include a short description of completed work, paid invoices, and pertinent photographs when applicable.
Ready to take the next step with Co Tua Marion S Covington Fdn?
Geographic Focus
Where this funder awards grants
The foundation’s stated grantmaking focus is historic preservation projects across North Carolina. In 2025, 98% of grant dollars went to recipients in North Carolina and 2% to recipients in New York.
Grant Distribution by State
Share of 2025 grant dollars across all 36 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $219K (2019) to $479K (2025). In 2025 it made 36 grants totaling $479K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Historic Preservation of North Carolina ($26K). Together the top 10 received $194K.
Grant Size Distribution
157 grants across all recorded years
The most common grant size was under $50K: 155 grants of 157 (99%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Historic Preservation of North Carolina Raleigh, NC | Unrestricted General | $26,200 |
| Southern Highland Craft Guild Asheville, NC | Unrestricted General | $25,000 |
| Preservation Durham Durham, NC | Unrestricted General | $22,500 |
| Triangle East Economic Development Fdn Smithfield, NC | Unrestricted General | $20,000 |
| Preservation Greensboro Greensboro, NC | Unrestricted General | $20,000 |
| UNC at Chapel Hill Chapel Hill, NC | Unrestricted General | $20,000 |
| First Presbyterian Church of Greensboro Greensboro, NC | Unrestricted General | $15,000 |
| Thalian Hall Center for Performing Arts Wilmington, NC | Unrestricted General | $15,000 |
| Cedar Grove Friends Meeting Woodland, NC | Unrestricted General | $15,000 |
| Friends of Aberdeen Library Aberdeen, NC | Unrestricted General | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grants | Number of grants |
|---|---|---|
| 2025 | $478,700 | 36 |
| 2024 | $364,750 | 33 |
| 2023 | $396,500 | 31 |
EIN: 56-6286555. Filing type: Form 990-PF (a private foundation).
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $6,998,594 | $7,225,932 | $7,116,834 |
| Revenue | $387,432 | $616,110 | $212,531 |
| Expenses | $613,699 | $505,536 | $552,774 |
| Qualifying Distributions | $534,112 | $430,892 | $493,866 |
| Net Investment Income | $311,087 | $544,669 | $173,782 |
| Distributable Amount | $503,690 | $467,498 | $432,935 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 21, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 30, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 10, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Bank of America as trustee; Jane C. Hilderbrand as chairman; and Kathleen Crockett, Rodney L. Swink, Jo Ramsey Leimenstoll, and Steven D. Schuster as trustees. The foundation’s website lists Samantha Stewart as executive director.
Co Tua Marion S Covington Fdn is led by Jane C. Hilderbrand, Chairman on every filing since 2019; 1 of 6 officers listed in 2025 is compensated.
Officers on the 2025 filing
Jane C. Hilderbrand
Chairman
On filings since 2019
5 hrs/week
No compensation reported
Bank Of America
Trustee
On filings since 2021
1 hr/week
$61K (2021) → $67K (2025)
Jo Ramsey Leimenstoll
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Kathleen Crockett
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Rodney L. Swink
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Steven D. Schuster
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Former officers (1)
- Former: Bank Of America N A (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $67K, to Bank of America (Trustee).
Contact
Mailing address: PO Box 653067, Dallas, TX 75265-3067
Phone: (888) 866-3275
Website: https://mscovingtonfoundation.org
Frequently asked questions about Co Tua Marion S Covington Fdn
How much does Co Tua Marion S Covington Fdn give each year?
Co Tua Marion S Covington Fdn gave $479K across 36 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $365K across 33 grants.
What is Co Tua Marion S Covington Fdn's typical grant size?
Co Tua Marion S Covington Fdn's median grant in 2025 was $12,750, and its average grant was $13,297, across 36 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Co Tua Marion S Covington Fdn that year got $14K on average.
Where does Co Tua Marion S Covington Fdn give grants?
Co Tua Marion S Covington Fdn gives mostly in North Carolina: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Greensboro, NC (3 grants), Asheville, NC (2 grants), Chapel Hill, NC (2 grants) and Durham, NC (2 grants).
Does Co Tua Marion S Covington Fdn give general operating support?
Yes: 100% of Co Tua Marion S Covington Fdn's 2025 grants with a stated purpose (36 of 36) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Co Tua Marion S Covington Fdn's largest grantees?
Co Tua Marion S Covington Fdn's largest 2025 grantees include Historic Preservation of North Carolina ($26,200), Southern Highland Craft Guild ($25,000) and Preservation Durham ($22,500), according to its 2025 IRS Form 990-PF. Together they received 15% of its itemized 2025 grant dollars.
How large is Co Tua Marion S Covington Fdn?
Co Tua Marion S Covington Fdn reported $7.0M in total assets on its 2025 IRS Form 990-PF. It paid out $534K in qualifying distributions that year, against a required minimum of $504K (roughly 5% of its investment assets).
What does Co Tua Marion S Covington Fdn fund?
The foundation funds acquisition, rehabilitation and restoration; education; operating and program support; organizational development; publication; and research. It makes grants only to federally tax-exempt nonprofit organizations working on projects in North Carolina. See mission & focus areas ↑
How do I apply for a grant from Co Tua Marion S Covington Fdn?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Co Tua Marion S Covington Fdn's EIN?
Co Tua Marion S Covington Fdn's EIN (Employer Identification Number) is 56-6286555. IRS Form 990 filing data is available on this page for 2019–2025.
Does Co Tua Marion S Covington Fdn accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Co Tua Marion S Covington Fdn by hand.
Explore Open Grants
Browse active grant opportunities in Co Tua Marion S Covington Fdn's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Cannon Foundation Inc
Concord, NC
The Cannon Foundation funds capital, equipment, and infrastructure projects in human services, higher education, healthcare, and community, primarily for established organizations with significant operations in North Carolina. Recent grants ranged from $2,500 to $500,000, with a median of $50,000. It accepts inquiries through a staged application process, with quarterly deadlines.
Assets
$351.7M
Grants
218
Total Given
$14.6M
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce and local economic development, disaster resilience, conservation, clean water, and economic opportunity in North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Its 2024 grants had a median of $25,000; applications for grants of $20,000 or less are accepted year-round, after applicants discuss proposals with a state representative.
Assets
$1.9M
Grants
41
Total Given
$25.6M
North Carolina Humanities Council
Charlotte, NC
North Carolina Humanities funds nonprofit-led public humanities projects—such as discussions, exhibitions, lectures, and workshops—that explore the state’s stories and encourage dialogue. Recent grants typically ranged from $10,000 to $20,000, and it welcomes projects from across North Carolina. Its materials describe an application process for specific grant opportunities, but do not state whether unsolicited requests are accepted.
Assets
$1.6M
Grants
20
Total Given
$374K
North Carolina Community Foundation Inc
Raleigh, NC
The North Carolina Community Foundation supports charitable organizations and community programs in areas such as human services, education, youth development, health, food and nutrition, and the arts. Its typical grant was $15,000 in 2025; it serves communities statewide, with an emphasis on rural North Carolina, and accepts applications through specific affiliate, giving-circle, and other grant programs.
Assets
$569.1M
Grants
732
Total Given
$30.6M
Community Foundation of Greater Greensboro Inc
Greensboro, NC
The Community Foundation of Greater Greensboro funds nonprofits working in cultural vibrancy, economic mobility, health and wellness, and related community needs. Its 2024 itemized grants had a median of about $15,000; Community Grants requests may be up to $25,000, primarily for organizations serving Greensboro or Guilford County, with a stated exception for certain direct-service organizations in nearby counties.
Assets
$289.6M
Grants
275
Total Given
$14.5M
Reynolds Foundation
Knoxville, TN
The foundation supports human services, arts and culture, education, animal welfare, and science, with nearly all recent funding going to organizations in North Carolina and a small share to New York. Its 2026 grants ranged from $4,000 to $100,000, with a median of $25,000. Its 2025 filing says requests should be submitted in writing as prescribed by the foundation.
Assets
$14.2M
Grants
32
Total Given
$973K
Tannenbaum-Sternberger Foundation Inc
Greensboro, NC
The Tannenbaum-Sternberger Foundation funds charitable programs and projects in education, arts, health, human services, economic development, historic preservation, and other areas, as well as scholarships. It generally supports work benefiting Guilford County, North Carolina, and its 2025 grants ranged from $1,000 to $50,000, with a median of $10,000. It accepts applications through an online grant application.
Assets
$20.3M
Grants
66
Total Given
$872K
The Cemala Foundation Inc
Greensboro, NC
The Cemala Foundation supports early childhood development and education, community spaces and opportunities—including nature, recreation, youth enrichment, and arts and culture—and workforce training. Its 2024 grants ranged from $2,500 to $210,294, with a median of $15,000; awards are limited to Guilford County or statewide North Carolina projects. It invites eligible organizations to submit a brief letter of inquiry and says staff respond to specific inquiries, not general solicitations.
Assets
$34.5M
Grants
55
Total Given
$1.6M
Foundation for the Carolinas
Charlotte, NC
Foundation For The Carolinas funds education and youth development, environmental and wildlife work, health and human services, and animal welfare, with a reported median grant of $25,000 in 2024. Its competitive programs focus on Charlotte-Mecklenburg, the Carolinas, and specific local communities, while donor-advised funds may support eligible nonprofits more broadly; it accepts applications for some competitive grants, but most grants are recommended by fund advisors and have no application process.
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
National Trust for Historic Preservation in the United States
Washington, DC
The National Trust for Historic Preservation funds historic preservation projects and organizations, including work on culturally significant places, with grants ranging from small program awards of about $2,500 to larger awards; its 2025 median grant was $37,500. Its programs support work across the United States, with some grants limited to specific regions or states. Applications are accepted through listed grant programs and deadlines; the profile does not state whether general unsolicited requests are accepted.
Assets
$562.9M
Grants
209
Total Given
$22.2M
Communities Foundation of Texas Inc
Dallas, TX
Communities Foundation of Texas funds a broad range of community needs, including health, education, housing, and community development, primarily in North Texas and across Texas. Its 2025 grants had a median of about $18,800, though amounts varied widely; nearly all opportunities are by invitation, with some specific programs open for applications.
Assets
$1.2B
Grants
2,209
Total Given
$209.2M
Greater Houston Community Foundation
Houston, TX
The Foundation makes grants through donor-advised and other donor-established funds for public benefit, human services, education, and health, including initiatives addressing economic mobility and poverty in Harris County. In 2024, its median grant was $25,000; it serves Greater Houston, while grants also go to recipients elsewhere in Texas and beyond. It does not accept proposals for the upcoming High-Impact Grantmaking cycle and plans to invite selected organizations or collaboratives to apply.
Assets
$1.1B
Grants
1,724
Total Given
$232.3M
More Funders in Texas
Co Tua Marion S Covington Fdn down — hundreds of funders to go?