Skip to content
Covenant Foundation Inc at a glance

· Private foundation

Covenant Foundation Inc

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$9.9M
Granted FY2024still arriving
45
Grants FY2024still arriving
23
States reached
$2.0M
Largest
01What it fundsRead
02Its granteesRead
03Its fieldRead
04Through PlinthRead
01What it funds
0191% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2019 to 2025.

Religion$9.7MPhilanthropy$3.4MArts & Culture$2.5MCommunity Improvement$1.2MInternational$1.1MEducation$826kFood & Nutrition$350kHuman Services$338kOther$0
02FY2024 · 45 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 45 grants below total $6,062,000, the rows itemized in this filing. The $9,925,500 headline is the total grant expense on the return; the other $3,863,500 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2024

  • Under $10k2 grants · $8k
  • $10k–50k20 grants · $429k
  • $50k–250k17 grants · $1.5M
  • $250k+6 grants · $4.1M
$50,000
Median grant
23
States reached
$112M
Total assets
Largest grants
RecipientAmount
Access Audio, Inc.$1,980,000
Edify$590,000
Mission Meadows Bible Camp$500,000
Black Lake Bible Camp$500,000
ECHO$285,000
The Bowery Mission$250,000
Finishing Fund Management$235,000
Venture$160,000
Sanctuary Mental Health Ministries$100,000
Montreat College$100,000
Evangelical Covenant Church$100,000
Gordon Conwell Theological Seminary$100,000
KICY$100,000
Campus Crusade for Christ$100,000
BLOC Ministries, Inc.$85,000
02Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

69%of every dollar goes to organizations it has funded before.
$13M · 47 repeat orgs$5.9M to everyone else

47 repeat relationships: 32 still active in FY2024, 15 since wound down; 13 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

47
54

Total granted

$13M
$4.4M

Median revenue growth · since first grant

+28%
+35%

Still filing today

30%
30%

New vs renewed · share of each year

In FY2024, 75% of grant dollars renewed an existing relationship; $1.5M went to new ones.

50%100%’19’20’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’19’20’22’23’24
ReligionInternationalHealthYouth DevelopmentCommunity ImprovementEducationOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • E
    Edify
    3× · 2020–2024 · $940k · revenue +95%
  • MONTREAT COLLEGE
    4× · 2019–2024 · $800k · revenue +60%
  • FF
    FINISHING FUND MANAGEMENT
    2× · 2023–2024 · $385k · revenue +56%

Funded once

  • CH
    COLLEGE HILL COMMUNITY URBAN REDEVELOPMENT CORPORATIONgraduated
    one grant, 2019 · $990k · revenue +35% · 54% of their budget
  • W
    WONDERHUNTgraduated
    one grant, 2023 · $500k · revenue +74% · 73% of their budget
  • AA
    ACCESS AUDIO INCgraduated
    one grant, 2019 · $315k · revenue +290% · 32% of their budget
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

03Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Christian Mission for the United Nations Community

Christian Mission for the United Nations Community is a ministry aimed at leading the head of every nation and other top leaders to faith in Jesus Christ and helping them to walk in dependence upon God as they discharge the…

—
2
Christianity Today International

Christianity Today is a global community inspired by evangelical conviction to advance the stories and ideas of the kingdom of God. Our mission is to elevate the storytellers and sages of the global church.

Religion
3
Global City Missions Initiative Incorporated

Global City Mission Initiative is dedicated to cross-cultural evanglism, disciplemaking, church planting among diverse diaspora populations in strategic cities reaching out evangelistically to start multiply churches, training believers to…

Religion
4
Freedom in Christ Ministries

To provide resources, training, and continuing support to leaders in the us and around the world in order that they may help others find freedom in christ.

Religion
5
International Commission Inc

Equipping and enabling believers worldwide to conduct church-based evangelism projects to reach unbelievers and make disciples.

Religion
6
Global Media Outreach

Leveraging technology to invite all people to know jesus christ as savior and grow in a personal relationship with him.

Religion
7
Global Outreach International Inc

To get the good news to every nation this generation by showing and sharing god's love by providing opportunities and supporting christian missionaries in over fifty seven countries around the world.

International
8
Serving Beyond Borders

Serving and pastoring overseas workers on their own turf and equipping nationals by training and empowering them in their work of advancing the gospel.

Human Services
9
Challenge Ministries Us

The organization exists to spread the gospel of Jesus Christ while providing support and serving the poor through benevolent assistance, medical services, education, orphan care, church planting, etc.

International
10
Jewish Voice Ministries Intl

To proclaim the gospel, grow the messianic jewish community and engage the church concerning israel and the jewish people. this is done through education, evangelism and being a movement leader, all with excellence in order to transform…

—
11
Youth for Christ International Ministries

As part of the body of Christ, to see that every young person in every people group in every nation has the opportunity to make an informed decision to be a follower of Jesus Christ and become a part of the local church.

Religion
12
Union Foundation Us

Rigorous biblical and accessible education, training and resources for churches worldwide.

Religion
How this is measured
The grantee most central to the portfolio’s shape is Commission to Every Nation; the most unlike its peers is Springs Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
03the grantee network

39 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 39 of the 115 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

4
Load-bearing (≥25% of a budget)
8
Early backer (in before they grew)
37/39
Grantees still filing
28/39
Grew since first funded

Where the money sits, by cause and then by grantee

Access Audio, Inc.: $2,480,000 · OtherAccess Audio, Inc.Evangelical Covenant Church: $1,242,000 · OtherEvangelical Covenant ChurchBreakthrough Urban Ministries: $775,000 · OtherBreakthrough Urban MinistriesMission Meadows Bible Camp: $750,000 · OtherMission Meadows Bible CampCrossroads Community Church: $600,000 · OtherJohnson Charitable Gift Fund: $500,000 · OtherECHO: $500,000 · Other+84 more: $5,509,000 · Other+84 moreJOHNSON CHARITABLE GIFT FUND: $2,500,000 · PhilanthropyJOHNSON CHARITA…ACCESS AUDIO INC: $315,000 · PhilanthropyACCESS AUDIO IN…+1 more: $50,000 · PhilanthropyBLACK LAKE BIBLE CAMP: $500,000 · ReligionBLACK LAKE B…WONDERHUNT: $500,000 · ReligionWONDERHUNTFINISHING FUND MANAGEMENT: $385,000 · ReligionFINISHING FU…Christian Herald Association Inc: $250,000 · ReligionChristian He…Back 2 Back Ministries Inc: $248,000 · ReligionBack 2 Back …BLOC MINISTRIES INC: $220,000 · ReligionBLOC MINISTR…COMMISSION TO EVERY NATION: $151,000 · ReligionCOMMISSION T…JESUSONLINE MINISTRIES: $90,000 · Religion+1 more: $68,500 · ReligionEdify: $940,000 · InternationalECHO Inc: $285,000 · InternationalBread for the World Institute: $150,000 · InternationalCITY OF REFUGE INC: $50,000 · International+1 more: $15,000 · InternationalMONTREAT COLLEGE: $800,000 · EducationGordon-Conwell Theological Seminary Inc: $304,000 · EducationCOLLEGE HILL COMMUNITY URBAN REDEVELOPMENT CORPORATION: $990,000 · Community Improvement+1 more: $15,000 · Community ImprovementCHAMPION MINISTRIES INC: $150,000 · Youth DevelopmentFELLOWSHIP OF CHRISTIAN ATHLETES: $100,000 · Youth DevelopmentCOALITION OF CARE GREATER CINCINNATI: $30,000 · Youth Development
Other$12,356,000Philanthropy$2,865,000Religion$2,412,500International$1,440,000Education$1,104,000Community Improvement$1,005,000Youth Development$280,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetJOHNSON CHARITABLE GIFT FUND: $2,500,000 over 1y, 3.6% of budgetCOLLEGE HILL COMMUNITY URBAN REDEVELOPMENT CORPORATION: $990,000 over 1y, 54% of budgetEdify: $940,000 over 3y, 4.1% of budgetMONTREAT COLLEGE: $800,000 over 4y, 1.0% of budgetBLACK LAKE BIBLE CAMP: $500,000 over 1y, 14% of budgetWONDERHUNT: $500,000 over 1y, 73% of budgetFINISHING FUND MANAGEMENT: $385,000 over 2y, 4.2% of budgetACCESS AUDIO INC: $315,000 over 1y, 32% of budgetGordon-Conwell Theological Seminary Inc: $304,000 over 3y, 0.4% of budgetECHO Inc: $285,000 over 1y, 5.9% of budgetChristian Herald Association Inc: $250,000 over 1y, 1.0% of budgetBack 2 Back Ministries Inc: $248,000 over 4y, 1.1% of budgetBLOC MINISTRIES INC: $220,000 over 3y, 1.9% of budgetVENTURE: $160,000 over 1y, 1.7% of budgetCITY GOSPEL MISSION AND AFFILIATES: $153,000 over 3y, 0.8% of budgetCOMMISSION TO EVERY NATION: $151,000 over 5y, 0.3% of budgetCHAMPION MINISTRIES INC: $150,000 over 1y, 3.6% of budgetBread for the World Institute: $150,000 over 3y, 0.8% of budgetBREAKTHROUGH URBAN MINISTRIES INC: $100,000 over 2y, 0.3% of budgetCommunity Food Bank Of New Jersey Inc: $100,000 over 1y, 0.1% of budgetSANCTUARY MENTAL HEALTH MINISTRIES: $100,000 over 1y, 21% of budgetCITY RELIEF INC: $100,000 over 1y, 1.6% of budgetFELLOWSHIP OF CHRISTIAN ATHLETES: $100,000 over 1y, 0.1% of budgetJESUSONLINE MINISTRIES: $90,000 over 5y, 1.4% of budgetCHILDREN'S HOSPITAL MEDICAL CENTER: $75,000 over 1y, 0.0% of budgetTHE PREEMPTIVE LOVE COALITION: $70,000 over 1y, 0.5% of budgetMIO Frontiers: $68,500 over 5y, 0.0% of budgetRESTAVEK FREEDOM FOUNDATION: $60,000 over 1y, 2.3% of budgetCITY OF REFUGE INC: $50,000 over 1y, 9.7% of budgetSPRINGS INC: $50,000 over 2y, 6.2% of budgetALLIANCE DEFENDING FREEDOM: $50,000 over 1y, 0.1% of budgetCOALITION OF CARE GREATER CINCINNATI: $30,000 over 1y, 3.5% of budgetNW FURNITURE BANK: $25,000 over 1y, 0.7% of budgetSONNET HOUSE INC: $20,000 over 2y, 26% of budgetCOALITION FOR CHRISTIAN OUTREACH: $16,000 over 4y, 0.0% of budgetCINCINNATI URBAN PROMISE INC: $15,000 over 1y, 5.7% of budgetSonLight Power Inc: $15,000 over 1y, 4.1% of budgetREGENT UNIVERSITY: $4,000 over 1y, 0.0% of budgetFREE WHEELCHAIR MISSION: $3,000 over 2y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds JOHNSON CHARITABLE GIFT FUND ↗
  • Who funds COLLEGE HILL COMMUNITY URBAN REDEVELOPMENT CORPORATION ↗
  • Who funds Edify ↗
  • Who funds MONTREAT COLLEGE ↗
  • Who funds BLACK LAKE BIBLE CAMP ↗
  • Who funds WONDERHUNT ↗
  • Who funds FINISHING FUND MANAGEMENT ↗
  • Who funds ACCESS AUDIO INC ↗
  • Who funds Gordon-Conwell Theological Seminary Inc ↗
  • Who funds ECHO Inc ↗
  • Who funds Christian Herald Association Inc ↗
  • Who funds Back 2 Back Ministries Inc ↗
  • Who funds BLOC MINISTRIES INC ↗
  • Who funds VENTURE ↗
  • Who funds CITY GOSPEL MISSION AND AFFILIATES ↗
  • Who funds COMMISSION TO EVERY NATION ↗
  • Who funds CHAMPION MINISTRIES INC ↗
  • Who funds Bread for the World Institute ↗
  • Who funds BREAKTHROUGH URBAN MINISTRIES INC ↗
  • Who funds Community Food Bank Of New Jersey Inc ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Johnson Charitable Gi…The Greater Cincinnat…Natl Christian Charit…Servant FoundationWorld Vision IncT Rowe Price Program …Ge Aerospace Foundati…Raymond James Charita…Renaissance Charitabl…Duke Energy FoundationMorgan Stanley Global…American Endowment Fo…
Johnson Charitable Gift FundOH34.6× affinity15 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Johnson Charitable Gift Fund · The Greater Cincinnati Foundation · Natl Christian Charitable Fdn Inc · Servant Foundation · World Vision Inc · T Rowe Price Program for Charitable Giving Inc · Ge Aerospace Foundation · Raymond James Charitable Endowment Fund · Renaissance Charitable Foundation Inc · Duke Energy Foundation · Morgan Stanley Global Impact Funding Trust Inc · American Endowment Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.
04Through Plinth

Warm introductions · Powered by PlinthPlus

How do I get to Covenant Foundation Inc?

Find your warmest path to Covenant Foundation Inc through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.

Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 115 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Possibly out of date. A more recent filing (FY2025) is on record and reports $11M of grant expense with no grantee named in the published copy. A private foundation itemizes every grant it makes, so a return carrying none has filed its list as an attachment that the public copy does not include. The figures above are therefore from FY2024, the most recent year this funder’s grantee list reached the public record.

Source object · view filing

Play a game based on Covenant’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home