Mary W Covey Foundation
Mary W Covey Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 9 grants totaling $83K. Net investment income was $164K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+3.4% YoY
Annual Giving
$83K
+0.0% YoY
Grant Count
9
+0.0% YoY
Avg Grant Size
$9K
+0.0% YoY
Under IRS private-foundation payout rules, Mary W Covey Foundation reported a distributable amount of $106K for 2024 — the minimum it must pay out in qualifying distributions.
About Mary W Covey Foundation
Based on IRS filings
Mary W Covey Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 9 grants totaling $83K. Net investment income was $164K.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,847,064 | $1,785,875 | $1,832,152 |
| Revenue | $188,101 | $74,122 | $-46,640 |
| Expenses | $125,126 | $119,595 | $136,605 |
| Qualifying Distributions | $101,278 | $99,541 | $109,249 |
| Net Investment Income | $164,151 | $48,622 | $17,553 |
| Distributable Amount | $106,397 | $97,629 | $100,714 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chatham Hall ($20,000), Children Hospital & Healthcare ($12,000), Methodist Home of the South ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDREN HOSPITAL & HEALTHCARE RICHMOND, VA | UNRESTRICTED GENERAL | $12,000 |
| CHATHAM HALL CHATHAM, VA | UNRESTRICTED GENERAL | $20,000 |
| METHODIST HOME OF THE SOUTH MACON, GA | UNRESTRICTED GENERAL | $10,000 |
| MURPHY-HARPST CHILDREN'S CENTERS CEDARTOWN, GA | UNRESTRICTED GENERAL | $10,000 |
| FOUNDATION FOR HOSPITAL ART WOODSTOCK, GA | UNRESTRICTED GENERAL | $10,000 |
| ZOO ATLANTA ATLANTA, GA | UNRESTRICTED GENERAL | $4,000 |
| COMMUNITIES IN SCHOOLS OF FITZGERALD, GA | UNRESTRICTED GENERAL | $5,000 |
| MUST MINISTRIES INC MARIETTA, GA | UNRESTRICTED GENERAL | $9,000 |
| RESCUE MISSION OF MIDDLE GEORGIA MACON, GA | UNRESTRICTED GENERAL | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $30,727 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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 $1.8M in total assets as of 2024.
How large is Mary W Covey Foundation?
As of 2024, Mary W Covey Foundation holds $1.8M in total assets with $188K in annual revenue. It awarded 9 grants totaling $83K in 2024.
Where does Mary W Covey Foundation operate?
Mary W Covey Foundation has awarded grants in Georgia, Virginia.
What size grants does Mary W Covey Foundation award?
In 2024, Mary W Covey Foundation awarded 9 grants totaling $83K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Mary W Covey Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mary W Covey Foundation reported a distributable amount of $106K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mary W Covey 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.