The Covert Foundation
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 2025. As of 2025, the organization holds $2.1M in total assets. In 2025, it awarded 3 grants totaling $48K. Net investment income was $72K.
Key facts about The Covert Foundation
In short: The Covert Foundation gave $48K across 3 grants in 2025 (avg $16K), mostly in Montana. Source: 2025 IRS Form 990-PF.
- EIN
- 93-4844224
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $48,000
- Grants made (2025)
- 3
- Average grant
- $16,000
- Median grant
- $18,000
- Total assets
- $2,071,727
- Primary geography
- Montana (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.1M
+1.5% YoY
Annual Giving
$48K
+19.4% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$16K
+59.2% YoY
Under IRS private-foundation payout rules, The Covert Foundation reported a distributable amount of $101K for 2025 — the minimum it must pay out in qualifying distributions.
How The Covert Foundation gives
- In 2025 it paid out 59% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| BIG SKY BRAVERY Bozeman, MT | TO HELP SUPPORT PROGRAMS AND GENERAL EXPENSES. | $25,000 |
| WARRIORS AND QUIET WATERS Bozeman, MT | TO HELP SUPPORT PROGRAMS AND GENERAL EXPENSES. | $18,000 |
| ACCESS ALLIANCE Great Falls, MT | TO HELP SUPPORT PROGRAM AND GENERAL EXPENSES. | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,071,727 | $2,040,388 | $2,002,636 |
| Revenue | $97,809 | $89,599 | $2,002,676 |
| Expenses | $66,470 | $51,887 | $40 |
| Qualifying Distributions | $59,078 | $45,046 | $40 |
| Net Investment Income | $71,609 | $85,615 | $2,676 |
| Distributable Amount | $100,613 | $99,035 | $5,098 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 23, 2026)
- IRS filings on file for fiscal years 2023–2024
Leadership & Key People
Officers and directors from IRS filings
The Covert Foundation is led by Thomas Covert, President on every filing since 2023; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Thomas Covert
President
On filings since 2023
15 hrs/week
No compensation reported
Michael Covert
Secretary
On filings since 2023
15 hrs/week
No compensation reported
Stephanie Covert
Vice President
On filings since 2023
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "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 The Covert Foundation
How much does The Covert Foundation give each year?
The Covert Foundation gave $48K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $40K across 4 grants.
What is The Covert Foundation's typical grant size?
The Covert Foundation's median grant in 2025 was $18,000, and its average grant was $16,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Covert Foundation give grants?
The Covert Foundation gives mostly in Montana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Bozeman, MT (2 grants).
Does The Covert Foundation give general operating support?
Yes: 100% of The Covert Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Covert Foundation?
The Covert Foundation reported $2.1M in total assets on its 2025 IRS Form 990-PF. It paid out $59K in qualifying distributions that year, against a required minimum of $101K (roughly 5% of its investment assets).
What is The Covert Foundation?
The Covert Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Great Falls, MT. It holds $2.1M in total assets as of 2025.
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 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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