Covenant Foundation Inc

ATLANTA, GA EIN: 58-6035088 Website

The Covenant Foundation is a private foundation based in Atlanta, Georgia, established in 1960. It operates as a 501(c)(3) organization dedicated to supporting Jewish education and related causes through strategic grantmaking and recognition programs.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$14.3M

-14.3% YoY

Annual Giving

$3.1M

-3.1% YoY

Grant Count

+5700.0% YoY

Avg Grant Size

$54K

-98.3% YoY

Under IRS private-foundation payout rules, Covenant Foundation Inc reported a distributable amount of $2.2M for 2025 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation is committed to the idea that those with creativity and passion to be catalysts for change and innovation in Jewish education are worthy of recognition and support. The foundation's mission draws from Isaiah 59:21: "This is My Covenant with you... the words which I have put into your mouth shall not depart from you, not from your children, not from your children's children henceforth and forever."

Primary funding areas include:

Jewish education and educational innovation
Jewish welfare funds and temple support
Cultural programs
Dialogue and wellness initiatives
Social-emotional well-being in Jewish communities
Arts programming in Jewish life

Grantmaking

The foundation offers two primary grant categories:

Review Cycle

for submitting an initial Letter of Inquiry is February 24, 2026. Applicants should visit the foundation's website for information and guidelines.

Grant Types

and Sizes

How to Apply

The foundation is currently accepting 2026 Signature and Ignition Grant applications. The deadline for submitting an initial Letter of Inquiry is February 24, 2026. Applicants should visit the foundation's website for information and guidelines.

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Georgia, New York, and the District of Columbia, with a particular emphasis on Atlanta and the broader Jewish community.

Grant Distribution by State

Georgia $13.7M (94%)

District of Columbia $465K (3%)

New York $356K (2%)

Nevada $13K (0%)

Colorado $10K (0%)

California $5K (0%)

Massachusetts $5K (0%)

Maryland $1K (0%)

States

California Colorado District of Columbia Georgia Massachusetts Maryland Nevada New York

Cities

AthensAtlantaBostonBrunswickDenverDunwoodyEl SegundoHagerstownLas VegasMabletonMariettaNew YorkSandy SpringsSant BarbaraStaten IslandWashington

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year Ending July 2025:

Total Assets: $14,316,594
Total Revenues: $433,730
Total Expenses: $3,487,260
Investment Income and Dividends: $409,022
Total Grants Made: $3,133,548 (including 27 grants)

Number of Employees: 0

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$14,316,594	$16,713,616	$12,974,950
Revenue	$433,730	$7,290,589	$2,687,048
Expenses	$3,487,260	$3,551,924	$3,136,519
Qualifying Distributions	$3,133,548	$3,235,159	$2,910,961
Net Investment Income	$162,616	$6,212,831	$697,501
Distributable Amount	$2,164,088	$1,815,927	$1,515,302

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Grant Size Distribution

54 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include The Davis Academy ($811,840), Jewish Federation of Greater Atlanta ($611,000), Crohn's & Colitis Foundation ($250,000).

Recipient	Purpose	Amount
300 CLUB OF ATLANTA ATLANTA, GA	GENERAL	$700
AMERICA-ISRAEL CULTURAL FOUNDATION INC NEW YORK, NY	GENERAL	$10,000
AMERICAN FRIENDS OF MAGEN DAVID NEW YORK, NY	GENERAL	$1,000
AMERICAN ISRAEL EDUCATION FOUNDATION WASHINGTON, DC	GENERAL	$185,000
AMERICAN JEWISH FEDERATION OF GREATERATLANTA ATLANTA, GA	GENERAL	$50,000
ANDEE'S ARMY ATLANTA, GA	GENERAL	$10,000
ATLANTA POLICE FOUNDATION ATLANTA, GA	GENERAL	$100,000
BACK PACK BUDDIES OF METRO ATL DUNWOODY, GA	GENERAL	$5,000
BENS ATLANTA, GA	GENERAL	$5,000
BIRTHRIGHT ISRAEL FUND NEW YORK, NY	GENERAL	$70,000

Leadership & Key People

Leadership team and compensation from IRS filings

Jay M. Davis serves as President of the foundation.

Deborah Meyer serves as Chair of the Board of The Covenant Foundation.

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
JAY M DAVIS	CHAIRMAN	5	—
ANN DAVIS	PRESIDENT	5	—

Recent News & Activity

Recent developments and announcements

2026

**January 2026:** The Covenant Foundation announced $2.2 million in new grants for 2025, supporting diverse focus areas including dialogue, wellness, intergenerational connection, and arts programming. The announcement noted an increase in available grant dollars beginning in 2026, with Signature Grants increasing from $150,000 to $225,000 over three years and Ignition Grants increasing from $20,000 to $35,000.

The Covenant Foundation Announces 2025 Grants | The Covenant Foundation

According to Board Chair Deborah Meyer, the foundation is supporting grant projects that address current challenges in the Jewish community, including projects that foster meaningful dialogue across difference, connect families across generations, nurture wellness and social-emotional well-being, and bring the arts to life. The foundation emphasizes how grantees draw on Jewish text and practice to promote connection, creativity, and understanding throughout Jewish life.

The Covenant Foundation Announces 2025 Grants | The Covenant Foundation

Frequently Asked Questions

What does Covenant Foundation Inc fund?

How do I apply for a grant from Covenant Foundation Inc?

The foundation offers two primary grant categories: **Signature Grants:** Historically provided up to $150,000 over three years. Beginning in 2026, applicants may request up to $225,000 over three years, with no more than $75,000 requested in any single year. **Ignition Grants:** Historically offered up to $20,000 for one year to support new and untested approaches. Beginning in 2026, applicants may request up to $35,000 for one year. **Covenant Awards:** The foundation honors three exceptional…

Where does Covenant Foundation Inc make grants?

The foundation primarily funds organizations in Georgia, New York, and the District of Columbia, with a particular emphasis on Atlanta and the broader Jewish community.

What size grants does Covenant Foundation Inc award?

In 2025, Covenant Foundation Inc awarded 58 grants totaling $3.1M — an average of about $54K per grant, based on its IRS Form 990 filings.

How much is Covenant Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Covenant Foundation Inc reported a distributable amount of $2.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.