Covenant Foundation
Covenant Foundation is a private foundation, based in NEWTOWN SQUARE, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.9M in total assets. In 2024, it awarded 1 grants totaling $2.1M. Net investment income was $826K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.9M
+9.8% YoY
Annual Giving
$2.1M
+1138.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2.1M
+1138.4% YoY
About Covenant Foundation
Based on IRS filings
Covenant Foundation is a private foundation, based in NEWTOWN SQUARE, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.9M in total assets. In 2024, it awarded 1 grants totaling $2.1M. Net investment income was $826K.
Ready to take the next step with Covenant Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,881,606 | $10,821,496 | $7,372,988 |
| Revenue | $826,783 | $1,866,771 | $-145,458 |
| Expenses | $2,091,568 | $172,907 | $411,878 |
| Qualifying Distributions | $2,081,939 | $170,816 | $408,295 |
| Net Investment Income | $826,422 | $329,155 | $114,679 |
| Distributable Amount | $488,932 | $443,162 | $359,159 |
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
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ARNOLD C SCHNEIDER III | Trustee | 10 | — |
| DOROTHY SCHNEIDER | Trustee | 5 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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