Covenant College Foundation Inc
The Covenant College Foundation is the planned-giving arm of covenant college. The primary purpose is to grow the college's endowment, which helps ensure the future of the college and the pursuit of its mission to explore and express the preeminence of jesus christ in all things.
Covenant College Foundation Inc at a glance
In short: Covenant College Foundation Inc gave $894K across 1 grant in 2025 (avg $894K), mostly in Georgia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $893,550
- -2.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $893,550
- -2.6% vs 2024
- Median grant
- $893,550
- Total assets
- $25,656,087
- +4.4% vs 2024
- Primary geography
- Georgia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Covenant College Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Covenant College ($894K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Covenant College Foundation Inc gives
- Giving grew 21% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $718K (2021) to $917K (2024). In 2025 it made 1 grant totaling $894K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Covenant College Lookout Mountain, GA | Supporting Educational Purposes | $893,550 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $25,656,087 | $2,195,584 | $1,532,350 | $893,550 | 1 | $944,564 |
| 2024 | $24,574,789 | $3,659,030 | $1,349,371 | $917,461 | 1 | $666,102 |
| 2023 | $20,239,671 | $1,928,825 | $980,505 | $757,470 | 1 | $243,553 |
| 2022 | $18,187,987 | $2,624,692 | $1,003,553 | $739,030 | 1 | $1,815,899 |
| 2021 | $20,093,926 | $3,608,993 | $936,238 | $717,721 | 1 | $586,374 |
| 2020 | $14,784,960 | $2,059,711 | $1,040,220 | $859,299 | 1 | $713,700 |
About Covenant College Foundation Inc
Based on IRS filings
Covenant College Foundation Inc is a public charity, based in Lookout Mountain, GA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $25.7M in total assets. In 2025, it awarded 1 grant totaling $894K. Net investment income was $945K.
Leadership & Key People
Officers and directors from IRS filings
Covenant College Foundation Inc is led by Marc Erickson, President & Executive Director on every filing since 2020; none of the 19 officers listed in 2025 report compensation.
Officers on the 2025 filing
Marc Erickson
President & Executive Director
On filings since 2020
20 hrs/week
No compensation reported
Richard Bowser
Chairman
On filings since 2020
1 hr/week
No compensation reported
Bob Beck
Trustee
On filings since 2020
1 hr/week
No compensation reported
Craig Wood
Trustee
On filings since 2020
1 hr/week
No compensation reported
J. Allen Wright
Trustee
On filings since 2020
1 hr/week
No compensation reported
James Grauley
Trustee
On filings since 2020
1 hr/week
No compensation reported
Martin Moore
Trustee
On filings since 2020
1 hr/week
No compensation reported
Sam R Smartt Jr.
Trustee
On filings since 2020
1 hr/week
No compensation reported
Sarina Sharp
Trustee
On filings since 2020
1 hr/week
No compensation reported
Beth Nedelisky
Trustee
On filings since 2021
1 hr/week
No compensation reported
Bob Curtis
Trustee
On filings since 2021
1 hr/week
No compensation reported
John Truschel
Trustee
On filings since 2021
1 hr/week
No compensation reported
Bart Rolen
Trustee
On filings since 2024
1 hr/week
No compensation reported
Brad Voyles
Trustee
On filings since 2024
1 hr/week
No compensation reported
William Burdette Part Year
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Michael Kramer
Treasurer
Trustee → Treasurer, 2021
On filings since 2020
1 hr/week
No compensation reported
Robert Wilkinson
Secretary
On filings since 2021
1 hr/week
No compensation reported
Mark Huffines
Assistant Treasurer
Controller → Assistant Treasurer, 2024
On filings since 2023
10 hrs/week
No compensation reported
David Welsh
Assistant Secretary
New on the 2025 filing
10 hrs/week
No compensation reported
Former officers (7)
- Former: William Burdette (2020–2024) — Trustee
- Former: Fred Verwoerd (2020–2023) — Assistant Treasurer
- Former: J Derek Halvorson (2020–2023) — Trustee
- Former: Bruce Williams (2020) — Trustee
- Former: David Lucas (2020) — Trustee
- Former: Gary Haluska (2020) — Secretary & Treasurer
- Former: Mark Griggs (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 College Foundation Inc
How much does Covenant College Foundation Inc give each year?
Covenant College Foundation Inc gave $894K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $917K across 1 grant.
How large is Covenant College Foundation Inc?
Covenant College Foundation Inc reported $25.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.2M.
Where does Covenant College Foundation Inc operate?
Covenant College Foundation Inc has awarded grants in Georgia.
What is Covenant College Foundation Inc's EIN?
Covenant College Foundation Inc's EIN (Employer Identification Number) is 27-3298736. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 4, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 26, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 6, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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