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.
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.
Review Cycle
March 1 and August 1.
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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.
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