Covenant Charities Inc
Covenant Charities Inc is a private foundation, based in Dallas, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $4.0M in total assets. In 2025, it awarded 1 grant totaling $200K. Net investment income was $31K.
Covenant Charities Inc at a glance
In short: Covenant Charities Inc gave $200K across 1 grant in 2025 (avg $200K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $200,000
- +66.7% vs 2024
- Grants made (2025)
- 1
- -66.7% vs 2024
- Average grant
- $200,000
- +400.0% vs 2024
- Median grant
- $200,000
- Total assets
- $3,954,654
- +142.7% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Covenant Charities Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Watermark Community Church ($200K).
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 13 grants of 17 (76%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Covenant Charities Inc gives
- Giving grew 133% from 2022 to 2025. Method
- In 2025 it paid out 143% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $16K (2023) to $801K (2020). In 2025 it made 1 grant totaling $200K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Watermark Community Church Dallas, TX | Charity | $200,000 |
Ready to take the next step with Covenant Charities Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,954,654 | $2,584,557 | $259,470 | $200,000 | 1 | $200,000 | $30,505 | $139,622 |
| 2024 | $1,629,567 | $65,083 | $122,767 | $120,000 | 3 | $120,000 | $57,083 | — |
| 2023 | $1,687,251 | $52,846 | $19,499 | $15,624 | 1 | $15,624 | $52,846 | — |
| 2022 | $1,653,904 | $532,879 | $86,358 | $86,016 | 5 | $86,016 | $12,948 | — |
| 2021 | $1,207,383 | $111,156 | $108,342 | $106,010 | 7 | — | $10,156 | — |
| 2020 | $1,204,569 | $-49,525 | $803,026 | $801,076 | 18 | — | $14,461 | — |
| 2019 | $2,057,120 | $422,129 | $790,966 | $788,955 | 15 | — | $17,573 | — |
Under IRS private-foundation payout rules, Covenant Charities Inc reported a distributable amount of $140K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Covenant Charities Inc is led by Robert Alpert, President & Treasurer on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Robert Alpert
President & Treasurer
On filings since 2019
No compensation reported
Caryn L Peeples
Secretary
On filings since 2019
No compensation reported
Jean Marie Alpert
Vice President
On filings since 2019
No compensation reported
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.
Frequently asked questions about Covenant Charities Inc
How much does Covenant Charities Inc give each year?
Covenant Charities Inc gave $200K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $120K across 3 grants.
How large is Covenant Charities Inc?
Covenant Charities Inc reported $4.0M in total assets on its 2025 IRS Form 990-PF. It paid out $200K in qualifying distributions that year, against a required minimum of $140K (roughly 5% of its investment assets).
Where does Covenant Charities Inc operate?
Covenant Charities Inc has awarded grants in Arkansas, California, Colorado, New Jersey, New York, Oklahoma, Texas.
What is Covenant Charities Inc's EIN?
Covenant Charities Inc's EIN (Employer Identification Number) is 06-1666193. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS December 31, 2019)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 8, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 31, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 3, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 17, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 26, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in Covenant Charities Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Texas
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
The Dallas Foundation
Dallas, TX
The Dallas Foundation funds nonprofit work in Greater Dallas, with a current emphasis on early childhood and family well-being and other areas including economic mobility, homelessness, and youth mental health. In 2024, grants ranged from $5,020 to $7.85 million, with a median of $25,000; applicants generally must serve Dallas County residents. It accepts applications through its online portal when a grant cycle is open, but reports no open opportunities at this time.
Assets
$491.5M
Grants
788
Total Given
$87.3M
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
BNSF Railway Foundation
Fort Worth, TX
The BNSF Railway Foundation funds civic, cultural, education, health and human services, environmental, and youth programs, including operating costs and specific projects. Its 2025 median grant was $2,500, though awards ranged from $100 to $500,000; it supports eligible organizations serving communities near BNSF rail lines across its 28 operating states. The foundation provides an online application process, but whether it accepts unsolicited requests is not stated.
Assets
$23.0M
Grants
993
Total Given
$7.0M
Baker Hughes Foundation
Houston, TX
Assets
$2.2M
Grants
990
Total Given
$3.2M
Community Foundation of North Texas (Tax
Fort Worth, TX
The foundation supports nonprofits and community projects in areas including animal welfare, nonprofit capacity building, first responders, land conservation, neighborhood development, opportunity and access, and scholarships. In 2024, grants ranged from $5,100 to $1.5 million, with a median of $14,250; its service area covers 11 North Texas counties. It accepts applications for some competitive grant programs through its online portal, but donor-advised grants are not open to nonprofit applications.
Assets
$544.9M
Grants
872
Total Given
$41.3M
More similar funders
More Funders in Texas
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Covenant Charities Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Covenant Charities Inc down — hundreds of funders to go?