The Cove Charitable Trust
The Cove Charitable Trust is a private foundation established in 1964 in Massachusetts. It is currently based in Pittsburgh, Pennsylvania, and operates as an independent 501(c)(3) organization with a single employee.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.8M
-2.7% YoY
Annual Giving
$250K
-3.3% YoY
Grant Count
16
-5.9% YoY
Avg Grant Size
$16K
+2.7% YoY
Under IRS private-foundation payout rules, The Cove Charitable Trust reported a distributable amount of $271K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Trust primarily funds general operating expenses and scholarships for its grantees. The foundation supports a range of charitable organizations, with a demonstrated focus on wildlife and animal rescue initiatives.
Grantmaking
The Cove Charitable Trust made 19 grants in 2023. Recent grants include:
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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
As of December 31, 2023:
- Total Assets: $4,949,629
- Total Revenues: $252,740
- Total Expenses: $320,978
- Investment Income & Dividends: $110,569
- Number of Employees: 1
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,814,499 | $4,949,629 | $5,018,275 |
| Revenue | $171,539 | $252,740 | $96,192 |
| Expenses | $313,410 | $320,978 | $389,736 |
| Qualifying Distributions | $272,474 | $286,601 | $338,323 |
| Net Investment Income | $133,147 | $206,901 | $71,971 |
| Distributable Amount | $271,438 | $243,233 | $257,049 |
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
81 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bridge Club of Greater Lowell ($81,000), Ymca ($21,000), St Gabriels Church ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MT DESERT ISLAND BIOLOGICAL LABORATORY BAR HARBOR, ME | GENERAL OPERATING | $12,000 |
| MARION ARTS CENTER MARION, MA | GENERAL OPERATING | $5,000 |
| BUZZARDS BAY COALITION INC NEW BEDFORD, MA | GENERAL OPERATING | $10,000 |
| ST JOHNS BREAD AND LIFE BROOKLYN, NY | GENERAL OPERATING | $8,000 |
| HUNGER FREE AMERICA NEW YORK, NY | GENERAL OPERATING | $8,000 |
| FOOD FOR FREE CAMBRIDGE, MA | GENERAL OPERATING | $8,000 |
| SIPPICAN LANDS TRUST INC MARION, MA | GENERAL OPERATING | $15,000 |
| ISLAND HOUSING TRUST MOUNT DESERT, ME | GENERAL OPERATING | $11,000 |
| YMCA WASHINGTON, DC | GENERAL OPERATING | $21,000 |
| SWIM STRONG FOUNDATION EAST ELMHURST, NY | GENERAL OPERATING | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Michael Stagis — Vice President (as of May 2024)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BNY MELLON N A | TRUSTEE | 1 | $57,259 |
Frequently Asked Questions
What does The Cove Charitable Trust fund?
The Trust primarily funds general operating expenses and scholarships for its grantees. The foundation supports a range of charitable organizations, with a demonstrated focus on wildlife and animal rescue initiatives.
How do I apply for a grant from The Cove Charitable Trust?
The Cove Charitable Trust made 19 grants in 2023. Recent grants include: | Grantee | Grant Type | Year | Amount | |---------|-----------|------|--------| | New Hampshire Turtle Rescue | General Operating | 2023 | $43,000 | | Millstone Wildlife Center | General Operating | 2023 | $43,000 | | Buzzards Bay Coalition | General Operating | 2023 | $25,000 | The Trust also made grants to organizations such as Aylas Acres No Kill Animal Rescue in recent grantmaking cycles.
What size grants does The Cove Charitable Trust award?
In 2024, The Cove Charitable Trust awarded 16 grants totaling $250K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is The Cove Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Cove Charitable Trust reported a distributable amount of $271K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Cove Charitable Trust's EIN?
The Cove Charitable Trust's EIN (Employer Identification Number) is 04-6118955. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Cove Charitable Trust's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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