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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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