Covington Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOPKINSVILLE, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $105K in total assets. In 2024, it awarded 5 grants totaling $57K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$105K
-3.2% YoY
Annual Giving
$57K
+35.7% YoY
Grant Count
5
+150.0% YoY
Avg Grant Size
$11K
-45.7% YoY
Under IRS private-foundation payout rules, Covington Foundation Inc reported a distributable amount of $70K for 2024 — the minimum it must pay out in qualifying distributions.
About Covington Foundation Inc
Based on IRS filings
Covington Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOPKINSVILLE, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $105K in total assets. In 2024, it awarded 5 grants totaling $57K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $104,655 | $108,132 | $127,125 |
| Revenue | $58,840 | $28,305 | $8,468 |
| Expenses | $62,317 | $47,298 | $67,960 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $70,041 | $57,337 | $43,477 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include First Baptist Church ($32,000), Salvation Army ($10,000), New Work Fellowship Church ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIRST BAPTIST CHURCH HOPKINSVILLE, KY | FELLOWSHIP | $32,000 |
| SALVATION ARMY HOPKINSVILLE, KY | DISASTER RELIEF | $10,000 |
| NEW WORK FELLOWSHIP CHURCH HOPKINSVILLE, KY | FELLOWSHIP | $5,000 |
| CHRISTIAN COUNTY COWBOY CHURCH HOPKINSVILLE, KY | FELLOWSHIP | $5,000 |
| KINGS CHAPEL FELLOWSHIP CHURCH CADIZ, KY | FELLOWSHIP | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM E COVINGTON | PRESIDENT | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Covington Foundation Inc?
Covington Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in HOPKINSVILLE, KY. It holds $105K in total assets as of 2024.
How large is Covington Foundation Inc?
As of 2024, Covington Foundation Inc holds $105K in total assets with $59K in annual revenue. It awarded 5 grants totaling $57K in 2024.
Where does Covington Foundation Inc operate?
Covington Foundation Inc has awarded grants in Kentucky.
What size grants does Covington Foundation Inc award?
In 2024, Covington Foundation Inc awarded 5 grants totaling $57K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Covington Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Covington Foundation Inc reported a distributable amount of $70K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Covington Foundation Inc's EIN?
Covington Foundation Inc's EIN (Employer Identification Number) is 61-1317327. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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