New Covenant KG Foundation is a private foundation focused on Education, based in Frisco, TX. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $2.5M in total assets. In 2022, it awarded 7 grants totaling $213K. Net investment income was $51K.
Key facts about New Covenant KG Foundation
In short: New Covenant KG Foundation gave $213K across 7 grants in 2022 (avg $30K), top state Texas. Source: 2022 IRS Form 990-PF.
- EIN
- 20-1784734
- Latest 990 filing
- Form 990-PF, 2022
- Annual giving (2022)
- $213,007
- Grants made (2022)
- 7
- Average grant
- $30,430
- Median grant
- $12,000
- Total assets
- $2,484,379
- Primary geography
- Texas (42% of itemized 2022 grant dollars)
Data from IRS Form 990-PF, 2022; updated September 2026.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
$2.5M
-7.4% YoY
Annual Giving
$213K
+23.9% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$30K
+6.2% YoY
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 7 itemized 2022 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $172K (2021) to $213K (2022). In 2022 it made 7 grants totaling $213K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2022
The largest 2022 recipient was Stonebriar Community Church ($89K). Together the top 7 received $213K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 16 grants of 20 (80%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Stonebriar Community Church Frisco, TX | New Building Construction Fund | $88,500 |
| Iec LA Rosemead, CA | To Support It's General Operational and Ministerial Budget. | $53,500 |
| Edo Dwi Christilanto Orlando, FL | Christian Apologetic Ministry from the Logic/Academic Perspective | $45,807 |
| Word on Fire Des Plaines, IL | Christian Apologetic Ministry from the Logic/Academic Perspective | $12,000 |
| American Center for Law and Justice Washington, DC | Legal Assistance | $6,000 |
| Reasonable Faith Marietta, GA | Christian Apologetic Ministry from the Logic/Academic Perspective | $3,600 |
| Jiaoshi Ministries Orlando, FL | Christian Apologetic Ministry from the Logic/Academic Perspective | $3,600 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $2,484,379 | $2,682,161 | $2,675,193 |
| Revenue | $53,366 | $237,670 | $107,189 |
| Expenses | $311,879 | $232,123 | $228,224 |
| Qualifying Distributions | $213,007 | $171,875 | — |
| Net Investment Income | $51,366 | $234,226 | $75,055 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
Leadership & Key People
Officers and directors from IRS filings
New Covenant KG Foundation is led by Kingson Gunawan, President on every filing since 2020; none of the 4 officers listed in 2022 report compensation.
Officers on the 2022 filing
Kingson Gunawan
President
On filings since 2020
20 hrs/week
No compensation reported
Clarence Iskandar
Director
On filings since 2020
1 hr/week
No compensation reported
June Gunawan
Director
On filings since 2020
1 hr/week
No compensation reported
Roy Laurens
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about New Covenant KG Foundation
How much does New Covenant KG Foundation give each year?
New Covenant KG Foundation gave $213K across 7 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $172K across 6 grants.
What is New Covenant KG Foundation's typical grant size?
New Covenant KG Foundation's median grant in 2022 was $12,000, and its average grant was $30,430, across 7 grants on its 2022 IRS Form 990-PF.
Where does New Covenant KG Foundation give grants?
New Covenant KG Foundation's top state is Texas, with 42% of the grant dollars itemized on its 2022 IRS Form 990-PF. The next largest states were California (25%) and Florida (23%). The most frequent recipient cities were Orlando, FL (2 grants).
Does New Covenant KG Foundation give general operating support?
Yes: 14% of New Covenant KG Foundation's 2022 grants with a stated purpose (1 of 7) were for general or operating support, per its 2022 IRS Form 990-PF.
Who are New Covenant KG Foundation's largest grantees?
New Covenant KG Foundation's largest 2022 grantees include Stonebriar Community Church ($88,500), Iec LA ($53,500) and Edo Dwi Christilanto ($45,807), according to its 2022 IRS Form 990-PF. Together they received 88% of its itemized 2022 grant dollars.
How large is New Covenant KG Foundation?
New Covenant KG Foundation reported $2.5M in total assets on its 2022 IRS Form 990-PF. Its revenue that year was $53K.
What is New Covenant KG Foundation?
New Covenant KG Foundation is a private foundation focused on Education, based in Frisco, TX. It holds $2.5M in total assets as of 2022.
What is New Covenant KG Foundation's EIN?
New Covenant KG Foundation's EIN (Employer Identification Number) is 20-1784734. IRS Form 990 filing data is available on this page for 2020–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching New Covenant KG Foundation by hand.
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