Covenant Foundation Inc
Covenant Foundation Inc is a private foundation, based in Cincinnati, OH. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $112.3M in total assets. In 2025, it awarded 1 grant totaling $10.6M. Net investment income was $7.4M.
Key facts about Covenant Foundation Inc
In short: Covenant Foundation Inc gave $10.6M across 1 grant in 2025 (avg $10.6M), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- EIN
- 31-1225037
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $10,568,000
- Grants made (2025)
- 1
- Average grant
- $10,568,000
- Median grant
- $10,568,000
- Total assets
- $112,287,641
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$112.3M
+2.3% YoY
Annual Giving
$10.6M
+6.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$10.6M
+6.5% YoY
Under IRS private-foundation payout rules, Covenant Foundation Inc reported a distributable amount of $10.1M for 2025 — the minimum it must pay out in qualifying distributions.
How Covenant Foundation Inc gives
- Giving grew 57% from 2022 to 2025. Method
- In 2025 it paid out 106% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED LIST Cincinnati, OH | GENERAL OPERATING | $10,568,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $112,287,641 | $109,738,831 | $114,273,559 |
| Revenue | $13,342,053 | $5,654,279 | $3,478,881 |
| Expenses | $10,793,244 | $10,185,669 | $6,936,399 |
| Qualifying Distributions | $10,711,102 | $10,134,803 | $6,935,538 |
| Net Investment Income | $7,370,562 | $4,986,536 | $3,478,020 |
| Distributable Amount | $10,145,088 | $8,952,000 | $7,732,968 |
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 March 29, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Officers and directors from IRS filings
Covenant Foundation Inc's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Janet L. Johnson
Director
On filings since 2019
1 hr/week
No compensation reported
Timothy C. Gehner
Director
On filings since 2019
1 hr/week
No compensation reported
Timothy E. Johnson
Director
On filings since 2019
1 hr/week
No compensation reported
Scott Wyckoff
Director
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Susan R. Pagliaro (2019) — Director
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 Foundation Inc
How much does Covenant Foundation Inc give each year?
Covenant Foundation Inc gave $10.6M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $9.9M across 1 grant.
How large is Covenant Foundation Inc?
Covenant Foundation Inc reported $112.3M in total assets on its 2025 IRS Form 990-PF. It paid out $10.7M in qualifying distributions that year, against a required minimum of $10.1M (roughly 5% of its investment assets).
Where does Covenant Foundation Inc operate?
Covenant Foundation Inc has awarded grants in Ohio.
What is Covenant Foundation Inc's EIN?
Covenant Foundation Inc's EIN (Employer Identification Number) is 31-1225037. 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.
Here's the math on researching Covenant Foundation Inc by hand.
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