Covenant Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BRENTWOOD, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8K in total assets. In 2024, it awarded 1 grants totaling $138K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8K
-75.0% YoY
Annual Giving
$138K
+48.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$138K
+48.0% YoY
Under IRS private-foundation payout rules, Covenant Foundation reported a distributable amount of $214 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 BRENTWOOD, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8K in total assets. In 2024, it awarded 1 grants totaling $138K.
Focus Areas
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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 | $7,976 | $31,852 | $4,823 |
| Revenue | $114,389 | $120,700 | $92,755 |
| Expenses | $138,265 | $93,671 | $111,001 |
| Qualifying Distributions | $137,631 | $93,000 | $110,803 |
| Net Investment Income | — | — | — |
| Distributable Amount | $214 | $284 | $50 |
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 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New Hope Bible College ($137,631).
| Recipient | Purpose | Amount |
|---|---|---|
| New Hope Bible College | Ministry support to Bible College in India | $137,631 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Donald G Albright | President | 5 | — |
| Julie C Albright | Sec Treas | 3 | — |
| Ashley Albright | Director | 0.1 | — |
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 BRENTWOOD, TN. It holds $8K in total assets as of 2024.
How large is Covenant Foundation?
As of 2024, Covenant Foundation holds $8K in total assets with $114K in annual revenue. It awarded 1 grants totaling $138K in 2024.
Where does Covenant Foundation operate?
Covenant Foundation has awarded grants in Alabama, Colorado.
What size grants does Covenant Foundation award?
In 2024, Covenant Foundation awarded 1 grants totaling $138K — an average of about $138K 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 $214 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 62-1761994. 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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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