Mary W Covey Foundation

Foundation · Grantmaker Dallas, TX EIN: 58-6359825

Mary W Covey Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Dallas, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.9M in total assets. In 2025, it awarded 9 grants totaling $87K. Net investment income was $189K.

Key facts about Mary W Covey Foundation

In short: Mary W Covey Foundation gave $87K across 9 grants in 2025 (avg $10K), mostly in Georgia. Source: 2025 IRS Form 990-PF.

EIN
58-6359825
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$87,000
Grants made (2025)
9
Average grant
$9,667
Median grant
$9,000
Total assets
$1,926,271
Primary geography
Georgia (83% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.9M

+4.3% YoY

Annual Giving

$87K

+4.8% YoY

Grant Count

9

+0.0% YoY

Avg Grant Size

$10K

+4.8% YoY

Under IRS private-foundation payout rules, Mary W Covey Foundation reported a distributable amount of $113K for 2025 — the minimum it must pay out in qualifying distributions.

How Mary W Covey Foundation gives

  • Giving held roughly steady from 2022 to 2025 (−5%). Method
  • In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of all 9 itemized 2025 grant dollars.

Cities

AtlantaMaconFitzgeraldRichmondChathamDecaturMariettaCedartownWoodstock

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K10 grants20199 grants202010 grants20219 grants20229 grants20239 grants20249 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2025

Children Hospital & Healthcare: $15KChildren Hospital & Healthcare$15KMethodist Home of the South: $13KMethodist Home of the South$13KMurphy-Harpst Children's Centers: $12KMurphy-Harpst Children'sCenters$12KAtlanta Ronald McDonald House Charities: $10KAtlanta Ronald McDonald HouseCharities$10KFoundation for Hospital Art: $9KFoundation for Hospital Art$9KCommunities in Schools of: $9KCommunities in Schools of$9KMust Ministries Inc: $7KMust Ministries Inc$7KKidz 2 Leaders Inc: $7KKidz 2 Leaders Inc$7KZoo Atlanta: $5KZoo Atlanta$5K

Grant Size Distribution

46 grants across all recorded years

46<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
CHILDREN HOSPITAL & HEALTHCARE Richmond, VAUNRESTRICTED GENERAL$15,000
METHODIST HOME OF THE SOUTH Macon, GAUNRESTRICTED GENERAL$13,000
MURPHY-HARPST CHILDREN'S CENTERS Cedartown, GAUNRESTRICTED GENERAL$12,000
ATLANTA RONALD MCDONALD HOUSE CHARITIES Atlanta, GAUNRESTRICTED GENERAL$10,000
FOUNDATION FOR HOSPITAL ART Woodstock, GAUNRESTRICTED GENERAL$9,000
COMMUNITIES IN SCHOOLS OF Fitzgerald, GAUNRESTRICTED GENERAL$9,000
MUST MINISTRIES INC Marietta, GAUNRESTRICTED GENERAL$7,000
KIDZ 2 LEADERS INC Marietta, GAUNRESTRICTED GENERAL$7,000
ZOO ATLANTA Atlanta, GAUNRESTRICTED GENERAL$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2019202020212022202320242025
Metric202520242023
Total Assets$1,926,271$1,847,064$1,785,875
Revenue$212,321$188,101$74,122
Expenses$131,796$125,126$119,595
Qualifying Distributions$106,348$101,278$99,541
Net Investment Income$188,885$164,151$48,622
Distributable Amount$112,868$106,397$97,629

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS April 9, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Mary W Covey Foundation's only listed officer is Bank Of America, Trustee on every filing since 2021 (compensated).

Officers on the 2025 filing

  • Bank Of America

    Trustee

    On filings since 2021

    1 hr/week

    $32K (2021) → $33K (2025)

Former officers (1)
  • Former: Bank Of America N A (2019–2020) — Trustee

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.

Compensation Overview

From 2025 IRS filing

Bank of America — Trustee: $33KBank of AmericaTrustee$33K

Frequently asked questions about Mary W Covey Foundation

How much does Mary W Covey Foundation give each year?

Mary W Covey Foundation gave $87K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $83K across 9 grants.

What is Mary W Covey Foundation's typical grant size?

Mary W Covey Foundation's median grant in 2025 was $9,000, and its average grant was $9,667, across 9 grants on its 2025 IRS Form 990-PF.

Where does Mary W Covey Foundation give grants?

Mary W Covey Foundation gives mostly in Georgia: 83% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Virginia (17%). The most frequent recipient cities were Atlanta, GA (2 grants) and Marietta, GA (2 grants).

Does Mary W Covey Foundation give general operating support?

Yes: 100% of Mary W Covey Foundation's 2025 grants with a stated purpose (9 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Mary W Covey Foundation's largest grantees?

Mary W Covey Foundation's largest 2025 grantees include Children Hospital & Healthcare ($15,000), Methodist Home of the South ($13,000) and Murphy-Harpst Children's Centers ($12,000), according to its 2025 IRS Form 990-PF. Together they received 46% of its itemized 2025 grant dollars.

How large is Mary W Covey Foundation?

Mary W Covey Foundation reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $106K in qualifying distributions that year, against a required minimum of $113K (roughly 5% of its investment assets).

What is Mary W Covey Foundation?

Mary W Covey Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Dallas, TX. It holds $1.9M in total assets as of 2025.

What is Mary W Covey Foundation's EIN?

Mary W Covey Foundation's EIN (Employer Identification Number) is 58-6359825. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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