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 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
Share of all 9 itemized 2025 grant dollars.
Cities
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 2025
Grant Size Distribution
46 grants across all recorded years
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- 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
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
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.
Here's the math on researching Mary W Covey Foundation by hand.
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