Covey Foundation 1015111003

CHAMPAIGN, IL EIN: 11-3827685

Covey Foundation 1015111003 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHAMPAIGN, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 4 grants totaling $56K. Net investment income was $82K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.3M

+1.9% YoY

Annual Giving

$56K

-36.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$14K

-36.5% YoY

Under IRS private-foundation payout rules, Covey Foundation 1015111003 reported a distributable amount of $80K for 2024 — the minimum it must pay out in qualifying distributions.

About Covey Foundation 1015111003

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $149K (50%)

California $75K (25%)

Iowa $75K (25%)

States

California Florida Iowa

Cities

Cape CoralDavenportLutzPasadena

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,325,121	$1,299,913	$1,282,484
Revenue	$95,740	$120,699	$136,999
Expenses	$70,430	$102,872	$101,640
Qualifying Distributions	$56,296	$88,616	$84,832
Net Investment Income	$82,451	$108,618	$124,830
Distributable Amount	$80,070	$74,212	$70,701

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

16 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Cape Coral Community ($14,074), Palmer College of Chiropractic ($14,074), The Salvation Army ($14,074).

Recipient	Purpose	Amount
CAPE CORAL COMMUNITY CAPE CORAL, FL	GENERAL	$14,074
PALMER COLLEGE OF CHIROPRACTIC DAVENPORT, IA	GENERAL	$14,074
THE SALVATION ARMY LUTZ, FL	GENERAL	$14,074
THRU THE BIBLE RADIO NETWORK PASADENA, CA	GENERAL	$14,074

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Covey Foundation 1015111003?

Covey Foundation 1015111003 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHAMPAIGN, IL. It holds $1.3M in total assets as of 2024.

How large is Covey Foundation 1015111003?

As of 2024, Covey Foundation 1015111003 holds $1.3M in total assets with $96K in annual revenue. It awarded 4 grants totaling $56K in 2024.

Where does Covey Foundation 1015111003 operate?

Covey Foundation 1015111003 has awarded grants in California, Florida, Iowa.

What size grants does Covey Foundation 1015111003 award?

In 2024, Covey Foundation 1015111003 awarded 4 grants totaling $56K — an average of about $14K per grant, based on its IRS Form 990 filings.

How much is Covey Foundation 1015111003 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Covey Foundation 1015111003 reported a distributable amount of $80K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.