Covenant Foundation
Covenant Foundation is a private foundation, based in Brentwood, TN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $7K in total assets. In 2025, it awarded 1 grant totaling $68K.
Covenant Foundation at a glance
In short: Covenant Foundation gave $68K across 1 grant in 2025 (avg $68K). Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $67,838
- -50.7% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $67,838
- -50.7% vs 2024
- Median grant
- $67,838
- Total assets
- $6,517
- -18.3% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Covenant Foundation funds
How this funder distributes its grants
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 6 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Covenant Foundation gives
- Giving fell 39% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $68K (2025) to $138K (2024). In 2025 it made 1 grant totaling $68K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $67,838 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $6,517 | $67,070 | $68,529 | $67,838 | 1 | $67,838 | $369 |
| 2024 | $7,976 | $114,389 | $138,265 | $137,631 | 1 | $137,631 | $214 |
| 2023 | $31,852 | $120,700 | $93,671 | $93,000 | 1 | $93,000 | $284 |
| 2022 | $4,823 | $92,755 | $111,001 | $110,803 | 1 | $110,803 | $50 |
| 2021 | $23,069 | $115,080 | $113,708 | $112,934 | 2 | $112,934 | $744 |
| 2020 | $21,697 | $97,326 | $88,935 | $87,152 | 2 | — | $128 |
Under IRS private-foundation payout rules, Covenant Foundation reported a distributable amount of $369 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Covenant Foundation is led by Donald G Albright, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Donald G Albright
President
On filings since 2020
5 hrs/week
No compensation reported
Ashley Albright
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Julie C Albright
Secretary Treasurer
On filings since 2020
3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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
How much does Covenant Foundation give each year?
Covenant Foundation gave $68K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $138K across 1 grant.
How large is Covenant Foundation?
Covenant Foundation reported $7K in total assets on its 2025 IRS Form 990-PF. It paid out $68K in qualifying distributions that year, against a required minimum of $369 (roughly 5% of its investment assets).
Where does Covenant Foundation operate?
Covenant Foundation has awarded grants in Alabama, Colorado.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 31, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
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