Covenant Foundation Inc
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.
Key facts about Covenant Foundation Inc
- EIN
- 58-6035088
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $3,133,548
- Grants made (2025)
- 58
- Average grant
- $54,027
- Median grant
- $10,000
- Total assets
- $14,316,594
- Primary geography
- Georgia (72% of itemized 2025 grant dollars)
- How to apply
- The foundation is currently accepting 2026 Signature and Ignition Grant applications. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Covenant Foundation Inc funds
By grant dollars, the top recipient states for Covenant Foundation Inc's 58 itemized 2025 grants were Georgia (72%), District of Columbia (15%) and New York (12%). The most frequent recipient cities were Atlanta, GA (29 grants), New York, NY (7 grants), Washington, DC (5 grants) and Athens, GA (3 grants). 100% of grants with a stated purpose were for general or operating support.
How Covenant Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+10%). Method
- In 2025 it paid out 145% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Covenant Foundation Inc
- How to evaluate Covenant Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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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
58
+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.
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
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.
Ready to take the next step with Covenant Foundation Inc?
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
Share of all 58 itemized 2025 grant dollars.
Cities
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
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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
62 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include The Davis Academy ($811,840), Jewish Federation of Greater Atlanta ($611,000), Crohn's & Colitis Foundation ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE DAVIS ACADEMY Atlanta, GA | GENERAL | $811,840 |
| JEWISH FEDERATION OF GREATER ATLANTA Atlanta, GA | GENERAL | $611,000 |
| CROHN'S & COLITIS FOUNDATION New York, NY | GENERAL | $250,000 |
| AMERICAN ISRAEL EDUCATION FOUNDATION Washington, DC | GENERAL | $185,000 |
| THE FOUNDATION FOR DEFENSE OF DEMOCRACIES(FDD) Washington, DC | GENERAL | $175,000 |
| GILEE Atlanta, GA | GENERAL | $111,000 |
| ATLANTA POLICE FOUNDATION Atlanta, GA | GENERAL | $100,000 |
| JEWISH INSTITUTE FOR NATIONAL SECURITY AFFAIRS(JINSA) Washington, DC | GENERAL | $100,000 |
| OVARIAN CANCER INSTITUTE Atlanta, GA | GENERAL | $100,000 |
| 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
No officer or director reported compensation in the available filings.
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jay M Davis | Chairman | 5 | — |
| Ann Davis | President | 5 | — |
Recent News & Activity
Recent developments and announcements
**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 FoundationAccording 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 FoundationFrequently Asked Questions
What does Covenant Foundation Inc fund?
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 • Jewi…
How do I apply for a grant from Covenant Foundation Inc?
The foundation is currently accepting 2026 Signature and Ignition Grant applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
What is Covenant Foundation Inc's EIN?
Covenant Foundation Inc's EIN (Employer Identification Number) is 58-6035088. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.