The Covert Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREAT FALLS, MT. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 4 grants totaling $40K. Net investment income was $86K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+1.9% YoY
Annual Giving
$40K
Grant Count
4
Avg Grant Size
$10K
Under IRS private-foundation payout rules, The Covert Foundation reported a distributable amount of $99K for 2024 — the minimum it must pay out in qualifying distributions.
About The Covert Foundation
Based on IRS filings
The Covert Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREAT FALLS, MT. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 4 grants totaling $40K. Net investment income was $86K.
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 |
|---|---|---|
| Total Assets | $2,040,388 | $2,002,636 |
| Revenue | $89,599 | $2,002,676 |
| Expenses | $51,887 | $40 |
| Qualifying Distributions | $45,046 | $40 |
| Net Investment Income | $85,615 | $2,676 |
| Distributable Amount | $99,035 | $5,098 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Big Sky Bravery ($25,000), Cm Russell Museum ($11,200), Access Alliance ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| BIG SKY BRAVERY BOZEMAN, MT | TO HELP SUPPORT PROGRAMS AND GENERAL EXPENSES. | $25,000 |
| GREAT FALLS FOOD BANK GREAT FALLS, MT | TO HELP SUPPORT PROGRAMS AND GENERAL EXPENSES. | $1,500 |
| ACCESS ALLIANCE GREAT FALLS, MT | TO HELP SUPPORT PROGRAM AND GENERAL EXPENSES. | $2,500 |
| CM RUSSELL MUSEUM GREAT FALLS, MT | TO HELP SUPPORT PROGRAMS AND GENERAL EXPENSES. | $11,200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS COVERT | PRESIDENT | 15 | — |
| STEPHANIE COVERT | VICE-PRESIDENT | 10 | — |
| MICHAEL COVERT | SECRETARY | 15 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Covert Foundation?
The Covert Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREAT FALLS, MT. It holds $2.0M in total assets as of 2024.
How large is The Covert Foundation?
As of 2024, The Covert Foundation holds $2.0M in total assets with $90K in annual revenue. It awarded 4 grants totaling $40K in 2024.
Where does The Covert Foundation operate?
The Covert Foundation has awarded grants in Montana.
What size grants does The Covert Foundation award?
In 2024, The Covert Foundation awarded 4 grants totaling $40K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Covert Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Covert Foundation reported a distributable amount of $99K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Covert Foundation's EIN?
The Covert Foundation's EIN (Employer Identification Number) is 93-4844224. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in The Covert Foundation'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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