Covenant Legacy Foundation
Covenant Legacy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Bells, TN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $9.5M in total assets. In 2025, it awarded 17 grants totaling $520K. Net investment income was $1.9M.
Key facts about Covenant Legacy Foundation
In short: Covenant Legacy Foundation gave $520K across 17 grants in 2025 (avg $31K), mostly in Tennessee. 24% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 26-3889261
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $519,749
- Grants made (2025)
- 17
- Average grant
- $30,573
- Median grant
- $20,000
- New grantees (estimate)
- 24% first-time grantees (4 of 17, 2025)
- Total assets
- $9,482,450
- Primary geography
- Tennessee (93% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$9.5M
+23.7% YoY
Annual Giving
$520K
+26.2% YoY
Grant Count
17
+13.3% YoY
Avg Grant Size
$31K
+11.4% YoY
Under IRS private-foundation payout rules, Covenant Legacy Foundation reported a distributable amount of $600K for 2025 — the minimum it must pay out in qualifying distributions.
Is Covenant Legacy Foundation open to new grantees?
24%
first-time grantees, 2025
In 2025, 4 of 17 grantees (24%) were first-time recipients. First grants averaged $10K; repeat grants $37K. How we count
Medians: $4K first-time, $20K repeat.
- 76% of 2025 grantees were also funded in 2024. Method
- Giving grew 41% from 2022 to 2025. Method
- In 2025 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 17 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
82 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Dream Center Jackson, TN | Capital Campaign and Unrestricted Support | $129,000 |
| Fellowship Bible Church Jackson, TN | Unrestricted support | $82,744 |
| Grace Christian Academy Franklin, TN | Unrestricted support | $50,000 |
| Jonathan Edwards Classical Academy Whites Creek, TN | Unrestricted support | $50,000 |
| Trinity Christian Academy Jackson, TN | Unrestricted support | $50,000 |
| Mosaic church Clarksville, TN | Unrestricted Support | $30,000 |
| Birth Choice Jackson, TN | Unrestricted support | $25,000 |
| Biblical Training Camas, WA | Unrestricted support | $20,000 |
| Crown Classical Academy Jackson, TN | Unrestricted support | $20,000 |
| Fellowship of Christian Athletes Jackson, TN | Unrestricted support | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $9,482,450 | $7,667,085 | $7,152,706 |
| Revenue | $2,916,150 | $946,953 | $1,170,624 |
| Expenses | $532,296 | $432,574 | $394,027 |
| Qualifying Distributions | $519,749 | $411,829 | $385,583 |
| Net Investment Income | $1,894,570 | $558,787 | $839,778 |
| Distributable Amount | $599,759 | $519,744 | $411,829 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Covenant Legacy Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jane Campbell
Sec-Director
On filings since 2020
No compensation reported
John Campbell
Pres-Director
Pres-Directo → Pres-Director, 2024
On filings since 2020
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 Legacy Foundation
How much does Covenant Legacy Foundation give each year?
Covenant Legacy Foundation gave $520K across 17 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $412K across 15 grants.
What is Covenant Legacy Foundation's typical grant size?
Covenant Legacy Foundation's median grant in 2025 was $20,000, and its average grant was $30,573, across 17 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Covenant Legacy Foundation that year got $10K on average.
Where does Covenant Legacy Foundation give grants?
Covenant Legacy Foundation gives mostly in Tennessee: 93% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Jackson, TN (10 grants).
Does Covenant Legacy Foundation give general operating support?
Yes: 88% of Covenant Legacy Foundation's 2025 grants with a stated purpose (15 of 17) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Covenant Legacy Foundation's largest grantees?
Covenant Legacy Foundation's largest 2025 grantees include Dream Center ($129,000), Fellowship Bible Church ($82,744) and Grace Christian Academy ($50,000), according to its 2025 IRS Form 990-PF. Together they received 50% of its itemized 2025 grant dollars.
How large is Covenant Legacy Foundation?
Covenant Legacy Foundation reported $9.5M in total assets on its 2025 IRS Form 990-PF. It paid out $520K in qualifying distributions that year, against a required minimum of $600K (roughly 5% of its investment assets).
What is Covenant Legacy Foundation?
Covenant Legacy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Bells, TN. It holds $9.5M in total assets as of 2025.
What is Covenant Legacy Foundation's EIN?
Covenant Legacy Foundation's EIN (Employer Identification Number) is 26-3889261. 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.
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