New Covenant KG Foundation
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.
New Covenant KG Foundation at a glance
In short: New Covenant KG Foundation gave $213K across 7 grants in 2022 (avg $30K), top state Texas. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $213,007
- +23.9% vs 2021
- Grants made (2022)
- 7
- +16.7% vs 2021
- Average grant
- $30,430
- +6.2% vs 2021
- Median grant
- $12,000
- Total assets
- $2,484,379
- -7.4% vs 2021
- Primary geography
- Texas (42% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who New Covenant KG Foundation funds
How this funder distributes its grants
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 16 grants of 20 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 7 itemized grants.
Cities
Giving History
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.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 7 grants to individuals Recipients not named | — | $213,007 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2022 | $2,484,379 | $53,366 | $311,879 | $213,007 | 7 | $213,007 | $51,366 |
| 2021 | $2,682,161 | $237,670 | $232,123 | $171,875 | 6 | $171,875 | $234,226 |
| 2020 | $2,675,193 | $107,189 | $228,224 | $172,067 | 7 | — | $75,055 |
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%).
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.
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.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 16, 2023)
- IRS filings on file for fiscal years 2020–2022
Live grants for the work New Covenant KG Foundation funds
Education Open opportunities, soonest deadline first.
- Creative Impact Grants $500 - $2,500 · 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 New Covenant KG Foundation's focus areas in our free grants database
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