Covert Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, IN. IRS filing data is available from 2021 through 2025. In 2025, it awarded 19 grants totaling $757K. Net investment income was $266K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$757K
+909.4% YoY
Grant Count
19
+111.1% YoY
Avg Grant Size
$40K
+378.1% YoY
Under IRS private-foundation payout rules, Covert Family Foundation reported a distributable amount of $9K for 2025 — the minimum it must pay out in qualifying distributions.
About Covert Family Foundation
Based on IRS filings
Covert Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, IN. IRS filing data is available from 2021 through 2025. In 2025, it awarded 19 grants totaling $757K. Net investment income was $266K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | $485,440 | $516,940 |
| Revenue | $284,121 | $49,463 | $-68 |
| Expenses | $769,497 | $81,027 | $48,210 |
| Qualifying Distributions | $757,068 | $75,000 | $40,500 |
| Net Investment Income | $266,320 | $43,436 | $18,671 |
| Distributable Amount | $8,854 | $36,889 | $33,677 |
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
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Assistance League of Indpls ($125,000), Low Cost Spay Neuter Clinic ($125,000), Humane Society for Hamilton Co ($100,932).
| Recipient | Purpose | Amount |
|---|---|---|
| ASSISTANCE LEAGUE OF INDPLS Indianapolis, IN | CHARITABLE PURPOSES | $125,000 |
| BHI FOUNDATION INDIANAPOLIS, IN | CHARITABLE PURPOSES | $20,000 |
| HUMANE SOCIETY FOR HAMILTON CO FISHERS, IN | CHARITABLE PURPOSES | $100,932 |
| INDIANA CANINE ASSISTANCE NETWORK ZIONSVILLE, IN | CHARITABLE PURPOSES | $60,000 |
| THE JULIAN CENTER Indianapolis, IN | CHARITABLE PURPOSES | $50,000 |
| LOW COST SPAY NEUTER CLINIC NOBLESVILLE, IN | CHARITABLE PURPOSES | $125,000 |
| THE WATERSHED FOUNDATION NORTH WEBSTER, IN | CHARITABLE PURPOSES | $50,000 |
| AMERICARES STAMFORD, CT | CHARITABLE PURPOSES | $10,000 |
| GRACE COLLEGE SEMINARY WINONA LAKE, IN | CHARITABLE PURPOSES | $10,000 |
| BLACK PINE ANIMAL SHELTER ALBION, IN | CHARITABLE PURPOSES | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES P COVERT | CO-TRUSTEE | 1 | — |
| DIXIE A COVERT | CO-TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Covert Family Foundation?
Covert Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, IN. It holds — in total assets as of 2025.
Where does Covert Family Foundation operate?
Covert Family Foundation has awarded grants in Arkansas, Connecticut, Indiana, Massachusetts, Missouri.
What size grants does Covert Family Foundation award?
In 2025, Covert Family Foundation awarded 19 grants totaling $757K — an average of about $40K per grant, based on its IRS Form 990 filings.
How much is Covert Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Covert Family Foundation reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Covert Family Foundation's EIN?
Covert Family Foundation's EIN (Employer Identification Number) is 32-0020756. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Covert Family 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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