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.
Key facts about Covenant Health Foundation
In short: Covenant Health Foundation gave $2.0M across 6 grants in 2024 (avg $340K), mostly in Tennessee. Source: 2024 IRS Form 990.
- EIN
- 62-1748601
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $2,038,294
- Grants made (2024)
- 6
- Average grant
- $339,716
- Median grant
- $300,061
- Total assets
- $18,411,285
- Primary geography
- Tennessee (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$18.4M
+5.2% YoY
Annual Giving
$2.0M
+223.0% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$340K
+169.1% YoY
How Covenant Health Foundation gives
- Giving grew 199% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
About Covenant Health Foundation
Based on IRS filings
Covenant Health Foundation is a public charity 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
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $516K (2020) to $2.0M (2024). In 2024 it made 6 grants totaling $2.0M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Parkwest Medical Center ($1.0M). Together the top 6 received $2.0M.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 11 grants of 29 (38%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 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. | $1,035,113 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
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 |
| Net Investment Income | $538,224 | $394,645 | $695,672 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 8, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 3, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Covenant Health Foundation is led by James D VanderSteeg, President & CEO on every filing since 2020; none of the 12 officers listed in 2024 report compensation.
Officers on the 2024 filing
James D VanderSteeg
President & CEO
On filings since 2020
1 hr/week
No compensation reported
Kathy May-Martin
Director & Chair
Director → Director & Vice Chair, 2021
Director & Vice Chair → Director & Chair, 2022
On filings since 2020
1 hr/week
No compensation reported
Mary Child
Director
On filings since 2020
1 hr/week
No compensation reported
Tyler Janow
Director
On filings since 2020
1 hr/week
No compensation reported
Alan Hill
Director
On filings since 2021
1 hr/week
No compensation reported
Charles Griffin
Director
On filings since 2022
1 hr/week
No compensation reported
Marty Gibbs
Director
On filings since 2022
1 hr/week
No compensation reported
Rachel Hurt
Director
On filings since 2022
1 hr/week
No compensation reported
Chad Schollaert
Director
New on the 2024 filing
1 hr/week
No compensation reported
Jamie Wakefield
Director
New on the 2024 filing
1 hr/week
No compensation reported
Patrick J Birmingham IV
Fmr Vice President Philanthr.
Vice President of Philanthrophy → Fmr Vice President Philanthr., 2024
On filings since 2020
8 hrs/week
No compensation reported
William R Bryant Jr.
Vice President & Chief Philanthrophy Officer
New on the 2024 filing
11 hrs/week
No compensation reported
Former officers (10)
- Former: Jim Atchley (2020–2023) — Director
- Former: Mary E Dillon MD (2020–2023) — Director & Fsrmc Medical Director
- Former: Rob Del Moro (2020–2023) — Director
- Former: Shohreh Nazzy Hashemian (2020–2023) — Director & Secretary
- Former: Andy Johnson (2020–2022) — Fmr Director & Chair
- Former: Linda Gay Blanc (2020–2022) — Fmr Director
- Former: Matt Ballard (2020–2022) — Director & Vice Chair
- Former: Mike Swift (2020–2022) — Fmr Director
- Former: Richard T Fox (2020–2021) — Former Director
- Former: Ann Montgomery (2020) — Former Director & Secretary
Data from IRS Form 990 filings, 2020–2024. "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 Health Foundation
How much does Covenant Health Foundation give each year?
Covenant Health Foundation gave $2.0M across 6 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $631K across 5 grants.
What is Covenant Health Foundation's typical grant size?
Covenant Health Foundation's median grant in 2024 was $300,061, and its average grant was $339,716, across 6 grants on its 2024 IRS Form 990.
Where does Covenant Health Foundation give grants?
Covenant Health Foundation gives mostly in Tennessee: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Knoxville, TN (6 grants).
Does Covenant Health Foundation give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Covenant Health Foundation's 2024 IRS Form 990 were described as general or operating support.
Who are Covenant Health Foundation's largest grantees?
Covenant Health Foundation's largest 2024 grantees include Parkwest Medical Center ($1,035,113), Fort Sanders Regional Medical Center ($371,048) and Covenant HomeCare ($300,122), according to its 2024 IRS Form 990. Together they received 84% of its itemized 2024 grant dollars.
How large is Covenant Health Foundation?
Covenant Health Foundation reported $18.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.0M.
What is Covenant Health Foundation?
Covenant Health Foundation is a public charity focused on Health, based in Knoxville, TN. It holds $18.4M in total assets as of 2024.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Covenant Health Foundation by hand.
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