Covenant Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUCSON, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $553K in total assets. In 2024, it awarded 12 grants totaling $28K. Net investment income was $43K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$553K
+7.0% YoY
Annual Giving
$28K
+12.6% YoY
Grant Count
12
-20.0% YoY
Avg Grant Size
$2K
+40.7% YoY
Under IRS private-foundation payout rules, Covenant Foundation reported a distributable amount of $27K for 2024 — the minimum it must pay out in qualifying distributions.
About Covenant Foundation
Based on IRS filings
Covenant Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUCSON, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $553K in total assets. In 2024, it awarded 12 grants totaling $28K. Net investment income was $43K.
Focus Areas
Ready to take the next step with Covenant Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $553,496 | $517,269 | $486,362 |
| Revenue | $43,091 | $-2,779 | $41,867 |
| Expenses | $27,741 | $25,218 | $26,756 |
| Qualifying Distributions | $27,741 | $24,610 | $25,987 |
| Net Investment Income | $43,091 | $2,942 | $41,867 |
| Distributable Amount | $26,845 | $25,342 | $24,885 |
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 2024
Grant Size Distribution
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wycliffe Bible Translators ($12,500), Thru the Bible ($3,000), Pusch Ridge Christian Academy ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Beacon Group Tucson, AZ | Public Service | $1,000 |
| Esperanza Para Ninos Mesa, AZ | Care Abandoned children | $1,000 |
| Bible Study Fellowship San Antonio, TX | Religious Bible Study | $1,000 |
| Colel Chabab Brooklyn, NY | diaster reliew food to homelessDiaster Relief homeless | $1,000 |
| CrossWinds Corinth, MS | Care low income childrenlow income chilrenCare Low income children | $1,500 |
| Faith Christian Church Campus Ministry Tucson, AZ | Education Religious College outreach | $1,700 |
| Family Life Radio Tucson, AZ | Christian Radio | $1,000 |
| Nazarene Compassionate Ministry Lenexa, KS | Disaster aid | $1,000 |
| Marshall Home for Men Tucson, AZ | low income elderly | $1,000 |
| Pusch Ridge Christian Academy Tucson, AZ | Cristian Education | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sidney L Felker | Trustee | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Covenant Foundation?
Covenant Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUCSON, AZ. It holds $553K in total assets as of 2024.
How large is Covenant Foundation?
As of 2024, Covenant Foundation holds $553K in total assets with $43K in annual revenue. It awarded 12 grants totaling $28K in 2024.
Where does Covenant Foundation operate?
Covenant Foundation has awarded grants in Arizona, California, Florida, Kansas, Minnesota, Mississippi, New York, Texas, Wisconsin.
What size grants does Covenant Foundation award?
In 2024, Covenant Foundation awarded 12 grants totaling $28K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Covenant Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Covenant Foundation reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Covenant Foundation's EIN?
Covenant Foundation's EIN (Employer Identification Number) is 86-6235871. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Covenant Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Running River School Inc
SEDONA, AZ
Assets
—
Grants
0
Total Given
—
Dorrance Family Foundation
SCOTTSDALE, AZ
Assets
$111.3M
Grants
78
Total Given
$5.6M
Unicorn Philanthropy Foundation
SCOTTSDALE, AZ
Assets
$72K
Grants
3
Total Given
$236K
Revelation Wellness Foundation
PHOENIX, AZ
Assets
$1.3M
Grants
3
Total Given
$40K
Dennis Evans Charitable Foundation
SCOTTSDALE, AZ
Assets
$33K
Grants
4
Total Given
$4K
Along Side Ministries Inc
PHOENIX, AZ
Assets
$1.2M
Grants
1
Total Given
$6K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Covenant Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Covenant Foundation to a real strategy.