Covenant Health Foundation raises and distributes funds in support of patient care, equipment, programs, services and staff not otherwise funded by Covenant Health and its affiliates. The Foundation's mission is to provide charitable support to further Covenant Health's mission to serve the community by improving the quality of life through better health.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.4M
+5.2% YoY
Annual Giving
$2.0M
+223.4% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$340K
+169.5% YoY
About Covenant Health Foundation
Based on IRS filings
Covenant Health Foundation is a nonprofit organization focused on Health, based in KNOXVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $18.4M in total assets. In 2024, it awarded 6 grants totaling $2.0M. Net investment income was $538K.
Focus Areas
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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 | $18,411,285 | $17,498,469 | $15,615,561 |
| Revenue | $1,951,026 | $1,504,617 | $1,833,770 |
| Expenses | $2,609,005 | $1,243,579 | $1,291,711 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $538,224 | $394,645 | $695,672 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Parkwest Medical Center ($1,034,638), Fort Sanders Regional Medical Center ($371,048), Covenant HomeCare ($300,122).
| Recipient | Purpose | Amount |
|---|---|---|
| Fort Sanders Regional Medical Center Knoxville, TN | To help provide equipment, staff and patient education, rehabilitation programs and cardiopulmonary programs, CVA, brain injury and amputee support groups. Also helps provide activities for Patricia Neal Rehabilitation Hospital and outpatient clinics patients and the physically-challenged in the community through the Innovative Recreation Cooperative. | $371,048 |
| Parkwest Medical Center Knoxville, TN | To help support cardiac and pulmonary rehab programs, as well as provide for equipment, staff and patient education, staff recognition rewards. Also funded renovation/expansion of the Covenant Therapy Center which is a department under Parkwest.Funds support a variety of needs at Pennisula Hospital and outpatient clinics, includig patient crisis needs (housing, clothing, transportation), 30-day supply of medication at discharge for patients unable to pay for presecriptions, and art and music therapy services/supplies. Funds also support salaries for peer counselors working in the Emergency Departments' Diversion Program to support behavioral health patients and reduce repeat ED visits. Funds also provide behavioral health therapist services for patients in the KARM onsite clinic. | $1,034,638 |
| Thompson Cancer Survival Center Knoxville, TN | To provide support for Fellowship Outpatient Lodging program which funds hotel stays for patients traveling long distances for treatment. | $26,674 |
| Covenant HomeCare Knoxville, TN | To help provide patient and family care through Homecare/Hospice, as well as the Katerpillar Kids Camp program for children dealing with the loss of loved one. Also assist with the onsite clinic at Knox Area Rescue Ministires (KARM), providing nurses and patient care to unhoused individuals seeking services at KARM. | $300,122 |
| Methodist Medical Center Knoxville, TN | Education to help provide Stroke Rehab Therapy training and Dry Needling Courses for therapists of the Covenant Therapy Center which is a department of Methodist. | $5,337 |
| Covenant Health Knoxville, TN | New Covenant Health VP Philanthropy with exceptional fundraising experience hired in early 2024. Foundation board agreed to cover a portion of his first year of salary/benefits. | $300,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kathy May-Martin | Director/Chair (through Dec 2024) | 1 | — |
| Chad Schollaert | Director | 1 | — |
| Mary Child | Director | 1 | — |
| Jamie Wakefield | Director | 1 | — |
| Marty Gibbs | Director | 1 | — |
| Charles Griffin | Director | 1 | — |
| Alan Hill | Director | 1 | — |
| Rachel Hurt | Director | 1 | — |
| Tyler Janow | Director | 1 | — |
| James D VanderSteeg | President & CEO | 1 | — |
| William R Bryant Jr | VP and Chief Philanthrophy Officer | 11 | — |
| Patrick J Birmingham IV | Fmr VP Philanthr. (through Feb 2024) | 8 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Covenant Health Foundation?
Covenant Health Foundation is a nonprofit organization focused on Health, based in KNOXVILLE, TN. It holds $18.4M in total assets as of 2024.
How large is Covenant Health Foundation?
As of 2024, Covenant Health Foundation holds $18.4M in total assets with $2.0M in annual revenue. It awarded 6 grants totaling $2.0M in 2024.
Where does Covenant Health Foundation operate?
Covenant Health Foundation has awarded grants in Tennessee.
What size grants does Covenant Health Foundation award?
In 2024, Covenant Health Foundation awarded 6 grants totaling $2.0M — an average of about $340K per grant, based on its IRS Form 990 filings.
What is Covenant Health Foundation's EIN?
Covenant Health Foundation's EIN (Employer Identification Number) is 62-1748601. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Covenant Health 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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