The New Covenant Foundation is a private foundation based in Dallas, Texas, established in 1999 (incorporated in 2000). The foundation focuses on supporting youth, families, religious organizations, and community services with an emphasis on Christian ministry and education.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$745K
-76.9% YoY
Annual Giving
$1.3M
+390.3% YoY
Grant Count
18
+5.9% YoY
Avg Grant Size
$71K
+363.1% YoY
Under IRS private-foundation payout rules, The New Covenant Foundation reported a distributable amount of $113K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds organizations and initiatives focused on:
- Leading youth and families to know and follow Christ
- Community services and youth services
- Women's ministries
- School support
- Religious organizations and ministries
- Public policy
- International missions
- Senior care and elder services
- Orphan services
Grantmaking
The foundation operates multiple grant programs including:
Grant Range
$1,000 to $210,000
Average Grant
amount: approximately $44,500
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Texas, with a particular focus on the Dallas area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total assets: $744,776
- Total revenues: $531,080
- Total expenses: $1,325,639
- Investment income and dividends: $88,156
- Number of employees: 0
Giving Rate: 8.7%
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $744,776 | $3,228,660 | $2,712,161 |
| Revenue | $531,080 | $827,519 | $166,095 |
| Expenses | $1,325,639 | $311,020 | $541,514 |
| Qualifying Distributions | $1,270,000 | $259,000 | $490,000 |
| Net Investment Income | $493,333 | $791,260 | $148,492 |
| Distributable Amount | $112,633 | $87,583 | $115,359 |
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
84 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Langham Partnership ($620,000), Highland Park Presbyterian Church ($210,000), Redeemer City to City ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALPHA USA NAPERVILLE, IL | EVANGELISM | $20,000 |
| DALLAS ARBORETUM & BOTANICAL GARDEN SOCIETY DALLAS, TX | NATURE PRESERVATION | $10,000 |
| ELEVATE DALLAS DALLAS, TX | SERVING UNDERSERVED YOUTH | $85,000 |
| GLOBAL FAITH PROJECT DALLAS, TX | RELIGIOUS | $20,000 |
| HIGHLAND PARK ISD EDUCATION FOUNDATION DALLAS, TX | EDUCATIONAL | $5,000 |
| HIGHLAND PARK PRESBYTERIAN CHURCH DALLAS, TX | KURT ANDREWS RICHARDSON | $210,000 |
| HILL HOUSE BOSTON, MA | COMMUNITY SERVICE | $20,000 |
| HOPE UNLIMITED DALLAS, TX | RELIGIOUS | $15,000 |
| LANGHAM PARTNERSHIP DALLAS, TX | CHRISTIAN MINISTRY | $620,000 |
| NEEMA HURIMA FOUNDATION DALLAS, TX | KENYA GIRLS SCHOOL | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Nancy C Seay – Trustee (5 hours/week)
- George E Seay III – Trustee (2 hours/week)
- Pauline S Neuhoff – Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NANCY C SEAY | TRUSTEE | 5 | — |
| GEORGE E SEAY III | TRUSTEE | 2 | — |
| PAULINE S NEUHOFF | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The New Covenant Foundation fund?
The foundation primarily funds organizations and initiatives focused on: • Leading youth and families to know and follow Christ • Community services and youth services • Women's ministries • School support • Religious organizations and ministries • Public policy • International missions • Senior care and elder services • Orphan services
How do I apply for a grant from The New Covenant Foundation?
**Grant Activity:** • The foundation made 21 grants in 2024 • Grant range: $1,000 to $210,000 • Median grant amount: $10,000 • Average grant amount: approximately $44,500 **Recent Notable Grants (2024):** • Highland Park Presbyterian Church: $210,000 (Kurt Andrews Richardson) • Redeemer City To City: $100,000 (Help Leaders Build Gospel Movements in Various Cities) • Elevate Dallas: $85,000 (Serving Underserved Youth) **Grant Programs:** The foundation operates multiple grant programs including:…
Where does The New Covenant Foundation make grants?
The foundation primarily funds organizations in Texas, with a particular focus on the Dallas area.
What size grants does The New Covenant Foundation award?
In 2024, The New Covenant Foundation awarded 18 grants totaling $1.3M — an average of about $71K per grant, based on its IRS Form 990 filings.
How much is The New Covenant Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The New Covenant Foundation reported a distributable amount of $113K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The New Covenant Foundation's EIN?
The New Covenant Foundation's EIN (Employer Identification Number) is 75-2820210. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The New Covenant Foundation'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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