New Covenant Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 18 grants totaling $307K. Net investment income was $196K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-15.1% YoY
Annual Giving
$307K
+229.4% YoY
Grant Count
18
+63.6% YoY
Avg Grant Size
$17K
+101.3% YoY
Under IRS private-foundation payout rules, New Covenant Foundation Inc reported a distributable amount of $76K for 2024 — the minimum it must pay out in qualifying distributions.
About New Covenant Foundation Inc
Based on IRS filings
New Covenant Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 18 grants totaling $307K. Net investment income was $196K.
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 | $1,128,115 | $1,328,528 | $1,368,906 |
| Revenue | $198,024 | $150,621 | $98,557 |
| Expenses | $398,437 | $190,999 | $240,367 |
| Qualifying Distributions | $394,600 | $171,894 | $218,743 |
| Net Investment Income | $196,019 | $132,514 | $77,833 |
| Distributable Amount | $75,769 | $72,093 | $80,924 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Florida Annual Conference of the United Methodist ($200,000), University of Maine System Inc ($34,596), University of Maine Foundation ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY BOSTON, MA | General & Unrestricted | $10,000 |
| CONNECTING COMMON THREADS INC GAINESVILLE, VA | to support trip and travel expenses to Sierra Leone | $2,500 |
| EDUCATIONAL FOUNDATION OF ALPHA GAMMA RHO KANSAS CITY, MO | to support the education and guidance of AGR leaders in order to Make Better Men! | $1,000 |
| FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST LAKELAND, FL | Disaster Recovery Ministry for the Florida Annual Conference of the UMC | $200,000 |
| GENERAL BOARD OF GLOBAL MINISTRIES OF THE UMC ATLANTA, GA | to support Yambasu Agriculture Initiative operations in Sierra Leone, West Africa | $10,000 |
| GOOD NEWS JAIL & PRISON MINISTRY ALBERT LEA, MN | Global Outreach Fund | $10,000 |
| HABITAT FOR HUMANITY INTERNATIONAL INC YARMOUTHPORT, MA | General & Unrestricted | $1,000 |
| HELPING CHILDREN WORLDWIDE INC CHANTILLY, VA | to support the continued education of the Mercy Hospital physician under the Service for Scholarship Program Fund | $5,000 |
| MEDECINS SANS FRONTIERES USA INC NEW YORK, NY | General & Unrestricted | $1,000 |
| MERCY SHIPS LINDALE, TX | General & Unrestricted | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Allen N Morell | Pres, Dir | 10 | $12,000 |
| Patricia M Morell | Treas, Dir | 30 | $48,000 |
| Roy K Morell | VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is New Covenant Foundation Inc?
New Covenant Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $1.1M in total assets as of 2024.
How large is New Covenant Foundation Inc?
As of 2024, New Covenant Foundation Inc holds $1.1M in total assets with $198K in annual revenue. It awarded 18 grants totaling $307K in 2024.
Where does New Covenant Foundation Inc operate?
New Covenant Foundation Inc has awarded grants in California, Delaware, Florida, Georgia, Illinois, Massachusetts, Maine, Minnesota, Missouri, New Hampshire, New York, Oklahoma, Texas, Virginia, Washington, Wisconsin.
What size grants does New Covenant Foundation Inc award?
In 2024, New Covenant Foundation Inc awarded 18 grants totaling $307K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is New Covenant Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, New Covenant Foundation Inc reported a distributable amount of $76K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is New Covenant Foundation Inc's EIN?
New Covenant Foundation Inc's EIN (Employer Identification Number) is 20-1986617. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in New Covenant Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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