The Nolan Covault Foundation
The Nolan Covault Foundation is a private foundation, based in David City, NE. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $221K in total assets. In 2025, it awarded 1 grant totaling $51K. Net investment income was $13K.
The Nolan Covault Foundation at a glance
In short: The Nolan Covault Foundation gave $51K across 1 grant in 2025 (avg $51K), mostly in Nebraska. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $50,500
- +24.7% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $50,500
- +24.7% vs 2024
- Median grant
- $50,500
- Total assets
- $221,149
- -14.6% vs 2024
- Primary geography
- Nebraska (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Nolan Covault Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Bone Creek Art Museum ($51K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The Nolan Covault Foundation gives
- Giving grew 130% from 2022 to 2025. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $15K (2021) to $1.5M (2023). In 2025 it made 1 grant totaling $51K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bone Creek Art Museum David City, NE | Promote Art | $50,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $221,149 | $13,437 | $51,127 | $50,500 | 1 | $50,500 | $13,437 | — |
| 2024 | $258,839 | $277,320 | $41,914 | $40,500 | 1 | $40,500 | $873 | — |
| 2023 | $23,433 | $6,778 | $1,460,573 | $1,459,666 | 1 | $1,459,666 | $6,778 | $22,462 |
| 2022 | $1,484,080 | $1,153,888 | $26,078 | $22,000 | 1 | $22,000 | $19,467 | $46,358 |
| 2021 | $409,751 | $14,574 | $18,836 | $15,000 | 1 | — | $11,289 | $18,079 |
Leadership & Key People
Officers and directors from IRS filings
The Nolan Covault Foundation is led by Anna Nolan, President on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Anna Nolan
President
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Nolan Covault Foundation
How much does The Nolan Covault Foundation give each year?
The Nolan Covault Foundation gave $51K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $41K across 1 grant.
How large is The Nolan Covault Foundation?
The Nolan Covault Foundation reported $221K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $13K.
Where does The Nolan Covault Foundation operate?
The Nolan Covault Foundation has awarded grants in Nebraska.
What is The Nolan Covault Foundation's EIN?
The Nolan Covault Foundation's EIN (Employer Identification Number) is 81-1518929. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Live grants for the work The Nolan Covault Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in The Nolan Covault Foundation's focus areas in our free grants database
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The Nolan Covault Foundation down — hundreds of funders to go?