Mary W Covey Foundation
Mary W Covey Foundation is a private foundation, 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.
Mary W Covey Foundation at a glance
In short: Mary W Covey Foundation gave $87K across 9 grants in 2025 (avg $10K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $87,000
- +4.8% vs 2024
- Grants made (2025)
- 9
- +0.0% vs 2024
- Average grant
- $9,667
- +4.8% vs 2024
- Median grant
- $9,000
- Total assets
- $1,926,271
- +4.3% vs 2024
- Primary geography
- Georgia (83% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Mary W Covey Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Children Hospital & Healthcare ($15K). Together the top 9 received $87K.
Grant Size Distribution
46 grants across all recorded years
The most common grant size was under $50K: 46 grants of 46 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $59K (2019) to $92K (2022). In 2025 it made 9 grants totaling $87K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Children Hospital & Healthcare Richmond, VA | Unrestricted General | $15,000 |
| Methodist Home of the South Macon, GA | Unrestricted General | $13,000 |
| Murphy-Harpst Children's Centers Cedartown, GA | Unrestricted General | $12,000 |
| Atlanta Ronald McDonald House Charities Atlanta, GA | Unrestricted General | $10,000 |
| Foundation for Hospital Art Woodstock, GA | Unrestricted General | $9,000 |
| Communities in Schools of Fitzgerald, GA | Unrestricted General | $9,000 |
| Must Ministries Inc Marietta, GA | Unrestricted General | $7,000 |
| Kidz 2 Leaders Inc Marietta, GA | Unrestricted General | $7,000 |
| Zoo Atlanta Atlanta, GA | Unrestricted General | $5,000 |
Ready to take the next step with Mary W Covey Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,926,271 | $212,321 | $131,796 | $87,000 | 9 | $106,348 | $188,885 | $112,868 |
| 2024 | $1,847,064 | $188,101 | $125,126 | $83,000 | 9 | $101,278 | $164,151 | $106,397 |
| 2023 | $1,785,875 | $74,122 | $119,595 | $83,000 | 9 | $99,541 | $48,622 | $97,629 |
| 2022 | $1,832,152 | $-46,640 | $136,605 | $92,000 | 9 | $109,249 | $17,553 | $100,714 |
| 2021 | $2,015,517 | $416,563 | $124,052 | $78,500 | 10 | $97,530 | $392,032 | $111,701 |
| 2020 | $1,707,423 | $152,139 | $102,677 | $65,000 | 9 | — | $133,074 | $95,030 |
| 2019 | $1,658,518 | $117,992 | $92,374 | $59,000 | 10 | — | $104,159 | $91,426 |
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.
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
The highest reported compensation on the 2025 filing was $33K, to Bank of America (Trustee).
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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 9, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Mary W Covey Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Mary W Covey Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Clark and Ruby Baker Foundation
Dallas, TX
The Clark and Ruby Baker Foundation supports Methodist-affiliated educational institutions, disadvantaged children, and people who are sick, with recent grants also benefiting education, youth services, and community support. It gave $5,000–$25,000 per grant in 2025, mostly to organizations in Georgia, with some funding in Colorado. It accepts letter requests and has no stated deadline.
Assets
$3.8M
Grants
15
Total Given
$199K
Tua Florence H Maxwell Fdn
Dallas, TX
Assets
$1.3M
Grants
6
Total Given
$41K
Tr Allan C & Lelia J Garden Fdn
Dallas, TX
The foundation primarily supports organizations caring for and educating orphaned or underprivileged children, and providing medical or related services to children with disabilities; recent grants also include scholarships and other charitable work. Its 2026 grants ranged from $1,750 to $85,000, with a median of $6,500, and went mostly to Georgia organizations, with some funding in Florida and North Carolina. It says an application form is available online and directs applicants to contact its trustee, Bank of America, but does not explicitly say whether it accepts unsolicited requests.
Assets
$6.0M
Grants
18
Total Given
$295K
Bobbie Bailey Foundation Inc
Stone Mountain, GA
The foundation’s 2024 grants supported scholarships, Alzheimer’s research, philanthropy, and music education and operations, with all reported awards going to Georgia organizations. Its five grants ranged from $15,000 to $637,923, with a median of $50,000; it funds only preselected organizations and does not accept unsolicited requests. The foundation reported that its 2024 distributions were part of its liquidation.
Assets
—
Grants
5
Total Given
$823K
Tr Ui Will Kathleen Jaques Foundation
Richardson, TX
In 2024, the foundation supported health care, homelessness services, higher education, disability services, and athletics, with most funding going to organizations in Georgia. Its 17 grants ranged from $3,500 to $20,000, with a median of $7,700. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$3.5M
Grants
17
Total Given
$170K
The Imlay Foundation Inc
Atlanta, GA
The Imlay Foundation supports community organizations, especially smaller Atlanta charities, in areas including health, housing and homelessness, refugee services, education, and arts and heritage. It focuses mainly on Metro Atlanta; first-time grants are generally $10,000–$15,000, and its 2025 median grant was $30,000. It makes grants only to preselected organizations and does not accept unsolicited requests.
Assets
$56.6M
Grants
146
Total Given
$7.0M
More similar funders
More Funders in Texas
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Mary W Covey Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Mary W Covey Foundation down — hundreds of funders to go?