Covenant Healthcare Foundation
The foundation is established to support the covenant healthcare system by accepting donations and providing stewardship of charitable funds received from the covenant healthcare constituency.
Covenant Healthcare Foundation at a glance
In short: Covenant Healthcare Foundation gave $327K across 1 grant in 2025 (avg $327K), mostly in Michigan. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $327,332
- -7.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $327,332
- -7.4% vs 2024
- Median grant
- $327,332
- Total assets
- $29,308,767
- +7.6% vs 2024
- Primary geography
- Michigan (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Covenant Healthcare Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Covenant Medical Center ($327K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Covenant Healthcare Foundation gives
- Giving fell 92% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $327K (2025) to $4.2M (2022). In 2025 it made 1 grant totaling $327K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Covenant Medical Center Saginaw, MI | Support | $327,332 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $29,308,767 | $2,368,102 | $950,034 | $327,332 | 1 | $1,304,049 |
| 2024 | $27,249,943 | $2,133,081 | $831,704 | $353,322 | 1 | $871,155 |
| 2023 | $25,253,338 | $3,212,722 | $961,594 | $416,417 | 1 | $2,074,095 |
| 2022 | $25,418,869 | $2,934,595 | $4,858,867 | $4,150,002 | 1 | $1,378,184 |
| 2021 | $31,451,666 | $3,733,844 | $1,826,362 | $1,181,542 | 1 | $688,734 |
| 2020 | $25,983,253 | $4,594,189 | $1,988,091 | $907,694 | 1 | $782,901 |
| 2019 | $23,769,550 | $2,511,987 | $1,580,724 | $872,917 | 1 | $1,520,949 |
About Covenant Healthcare Foundation
Based on IRS filings
Covenant Healthcare Foundation is a public charity focused on Health, based in Saginaw, MI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $29.3M in total assets. In 2025, it awarded 1 grant totaling $327K. Net investment income was $1.3M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Covenant Healthcare Foundation is led by Bethany Charlton, President & CEO on every filing since 2021; none of the 11 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bethany Charlton
President & CEO
On filings since 2021
4 hrs/week
No compensation reported
Jane Hagen
Chair
Board Member → Vice Chair, 2022
Vice Chair → Chair, 2025
On filings since 2019
4 hrs/week
No compensation reported
Ryan Ratynski
Interim Foundation Director -
Interim Foundation Director → Interim Foundation Director -, 2025
On filings since 2024
40 hrs/week
No compensation reported
Kristin Knoll
Foundation Director
New on the 2025 filing
40 hrs/week
No compensation reported
John W. Shelton
Secretary & Treasurer
Board Member → Secretary & Treasurer, 2025
On filings since 2019
4 hrs/week
No compensation reported
Kathi Spence
Board Member
Board Member → Former President, 2024
Former President → Board Member, 2025
On filings since 2019
4 hrs/week
No compensation reported
Kevin Albosta
Vice President of Finance
Vice President → Vice President & CFO, 2020
Vice President & CFO → Vice President of Finance, 2025
On filings since 2019
4 hrs/week
No compensation reported
Lyle G. Davis Jr.
Board Member
On filings since 2019
4 hrs/week
No compensation reported
Richard J. Garber Jr.
Board Member
Chairman → Chair, 2021
Chair → Board Member, 2022
On filings since 2019
4 hrs/week
No compensation reported
Molly Saputo
Vice Chair
Board Member → Vice Chair, 2025
On filings since 2022
4 hrs/week
No compensation reported
Sharon Rood
Board Member
On filings since 2024
4 hrs/week
No compensation reported
Former officers (8)
- Former: Amy Buben (2019–2024) — Chair -
- Former: Donald J. Carlyon (2020–2024) — Board Member
- Former: Bj Humphreys (2022–2024) — Board Member
- Former: Jack Rummel (2024) — Board Member
- Former: Brent Gaertner (2019–2023) — Board Member
- Former: Carol Cottrell (2019–2023) — Foundation Director
- Former: Edward Bruff (2019–2023) — Former President
- Former: Culli Damuth (2019–2022) — Board Member -
Data from IRS Form 990 filings, 2019–2025. "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 Healthcare Foundation
How much does Covenant Healthcare Foundation give each year?
Covenant Healthcare Foundation gave $327K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $353K across 1 grant.
How large is Covenant Healthcare Foundation?
Covenant Healthcare Foundation reported $29.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.4M.
What is Covenant Healthcare Foundation?
Covenant Healthcare Foundation is a public charity focused on Health, based in Saginaw, MI. It holds $29.3M in total assets as of 2025.
Where does Covenant Healthcare Foundation operate?
Covenant Healthcare Foundation has awarded grants in Michigan.
What is Covenant Healthcare Foundation's EIN?
Covenant Healthcare Foundation's EIN (Employer Identification Number) is 38-2572154. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS May 15, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS May 12, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
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