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Covenant Health Foundation at a glanceAlso receives grants: funding profile →

· Public charity

Covenant Health Foundation

Covenant Health Foundation raises and distributes funds in support of patient care, equipment, programs, services and staff not otherwise funded by Covenant Health and its affiliates.

$2.4M
Granted FY2024still arriving
6
Grants FY2024still arriving
1
States reached
$1.0M
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Health$6.8M
02FY2024 · 6 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 6 grants below total $2,037,819, the rows itemized in this filing. The $2,362,675 headline is the total grant expense on the return; the other $324,856 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 $10k1 grant · $5k
  • $10k–50k1 grant · $27k
  • $250k+4 grants · $2.0M
$300,122
Median grant
1
States reached
$18M
Total assets
Largest grants
RecipientAmount
Parkwest Medical Center$1,034,638
Fort Sanders Regional Medical Center$371,048
Covenant HomeCare$300,122
Covenant Health$300,000
Thompson Cancer Survival Center$26,674
Methodist Medical Center$5,337
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY17–24) land where the poverty rate runs at 12%, against an area that typically sits at 10%. 100% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%Fort Loudoun Medical Center: $8k → 10%Covenant Homecare: $171k → 12%Roane County Medical Center: $15k → 13%Fort Sanders Regional Medical Center: $266k → 12%Thompson Cancer Survival Center: $77k → 12%Parkwest Medical Center: $1.0M → 12%Fort Sanders Regional Medical Center: $397k → 12%Fort Sanders Regional Medical Center: $371k → 12%Covenant HomeCare: $333k → 12%Covenant HomeCare: $315k → 12%Covenant HomeCare: $300k → 12%Covenant Health: $300k → 12%Fort Sanders Regional Medical Center: $279k → 12%Parkwest Medical Center: $253k → 12%Covenant HomeCare: $218k → 12%Covenant HomeCare: $191k → 12%Parkwest Medical Center: $190k → 12%Covenant HomeCare: $185k → 12%Parkwest Medical Center: $178k → 12%Parkwest Medical Center: $176k → 12%Fort Sanders Regional Medical Center: $156k → 12%Parkwest Medical Center: $154k → 12%Parkwest Medical Center: $148k → 12%Covenant Homecare: $124k → 12%Thompson Cancer Survival Center: $106k → 12%Fort Sanders Regional Medical Center: $96k → 12%Thompson Cancer Survival Center: $83k → 12%Thompson Cancer Survival Center: $79k → 12%Fort Sanders Regional Medical Center: $70k → 12%Fort Loudoun Medical Center: $64k → 12%Morristown-Hamblen Hospital Association: $62k → 12%Thompson Cancer Survival Center: $59k → 12%Fort Sanders Regional Medical Center: $53k → 12%Thompson Cancer Survival Center: $27k → 12%Covenant Health: $23k → 12%Thompson Cancer Survival Center: $23k → 12%Thompson Cancer Survival Center: $19k → 12%Methodist Medical Center: $12k → 12%Cumberland Medical Center: $11k → 12%Roane County Medical Center: $11k → 12%Roane Medical Center: $11k → 12%Roane County Medical Center: $10k → 12%Roane County Medical Center: $10k → 12%Roane County Medical Center: $9k → 12%Fort Loudoun Medical Center: $6k → 12%LeConte Medical Center: $6k → 12%Methodist Medical Center: $5k → 12%Parkwest Medical Center: $108k → 12%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

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

99%of every dollar goes to organizations it has funded before.
$6.7M · 9 repeat orgs$68k to everyone else

9 repeat relationships: 6 still active in FY2024, 3 since wound down.

How the two cohorts compare

Re-uppedFunded once

Organizations

9
2

Total granted

$6.7M
$68k

Median revenue growth · since first grant

+25%
+68%

Still filing today

100%
100%

New vs renewed · share of each year

In FY2024, 100% of grant dollars renewed an existing relationship; $0 went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time
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

  • PM
    Parkwest Medical Center
    8× · 2017–2024 · $2.2M · revenue +23%
  • CH
    Covenant HomeCare
    8× · 2017–2024 · $1.8M · revenue +44%
  • FS
    Fort Sanders Regional Medical Center
    8× · 2017–2024 · $1.7M · revenue +25%

Funded once

  • MH
    Morristown-Hamblen Hospital Associationgraduated
    one grant, 2018 · $62k · revenue +68%
  • LM
    LeConte Medical Center
    one grant, 2021 · $6k · revenue +11%
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.

04Its 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
Claiborne Medical Center

Claiborne Medical Center provides quality healthcare, in alignment with Covenant Health's mission to serve the community by improving the quality of life through better health, regardless of a patient's ability to pay.

Health
2
Wellmont Health System

Honor those we serve by delivering the best possible care.Ballad Health is dedicated to improving the health of the 29-county Appalachian Highlands region.

Health
3
Mountain States Health Alliance

Honor those we serve by delivering the best possible care.Ballad Health is dedicated to improving the health of the 29-county Appalachian Highlands region.

Health
4
Smyth County Community Hospital

Honor those we serve by delivering the best possible care.Ballad Health is dedicated to improving the health of the 29-county Appalachian Highlands region.

Health
5
Wellmont Hawkins County Memorial Hospital Inc

Honor those we serve by delivering the best possible care.Ballad Health is dedicated to improving the health of the 29-county Appalachian Highlands region.

Health
6
Carolinas Center for Medical Excellence Found ation
Health
7
Covenant Health Foundation

Covenant Health Foundation raises and distributes funds in support of patient care, equipment, programs, services and staff not otherwise funded by Covenant Health and its affiliates. The Foundation's mission is to provide charitable…

Health
8
Ballad Health

Honor those we serve by delivering the best possible care.Ballad Health is dedicated to improving the health of the 29-county Appalachian Highlands region.

Health
9
Rex Hospital Inc

To improve the health and well-being of north carolinians and others whom we serve. we accomplish this by providing leadership and excellence in the interrelated areas of patient care, education, and research.

Health
10
Baptist Healthcare System Inc

The mission of Baptist Health is to exemplify our Christian heritage of providing quality healthcare services by enhancing the physical & emotional health of the people & communities we serve, guided by integrity, respect, stewardship,…

Health
11
Saint Francis Hospital Inc

To extend the presence and healing ministry of christ in all we do.

Health
12
Takoma Regional Hospital Inc

Honor those we serve by delivering the best possible care.Ballad Health is dedicated to improving the health of the 29-county Appalachian Highlands region.

Health
How this is measured
The grantee most central to the portfolio’s shape is Cumberland Medical Center; the most unlike its peers is Parkwest Medical Center. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

11 grantees tracked through their own filings, 2017–2024.

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 2024, not grant rows in a single year, so this will not match the grant count on the cover.

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

0
Load-bearing (≥25% of a budget)
1
Early backer (in before they grew)
11/11
Grantees still filing
11/11
Grew since first funded

Where the money sits, by cause and then by grantee

Parkwest Medical Center: $2,241,468 · HealthParkwest Medical CenterCovenant HomeCare: $1,838,339 · HealthCovenant HomeCareFort Sanders Regional Medical Center: $1,688,706 · HealthFort Sanders Regional Medical CenterCovenant Health: $322,990 · Health+6 more: $242,956 · HealthThompson Cancer Survival Center: $473,080 · Other
Health$6,334,459Other$473,080

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

25%50%75%100%$100Mgrantee revenue →↑ funder's share of their budgetParkwest Medical Center: $2,241,468 over 8y, 0.2% of budgetCovenant HomeCare: $1,838,339 over 8y, 1.6% of budgetFort Sanders Regional Medical Center: $1,688,706 over 8y, 0.1% of budgetThompson Cancer Survival Center: $473,080 over 8y, 2.7% of budgetCovenant Health: $322,990 over 2y, 0.1% of budgetFort Loudoun Medical Center: $77,801 over 3y, 0.2% of budgetRoane County Medical Center: $65,531 over 6y, 0.0% of budgetMorristown-Hamblen Hospital Association: $62,000 over 1y, 0.1% of budgetMethodist Medical Center: $17,724 over 2y, 0.0% of budgetCumberland Medical Center: $14,100 over 2y, 0.0% of budgetLeConte Medical Center: $5,800 over 1y, 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.

How much its grantees rely on government

Each dot is one organization Covenant Health Foundation funds: left to right is the share of its income from government, bottom to top the share from Covenant Health Foundation. Bigger dots raise more.

2024
’20’21’22’23’24
no gov · 00%0%1%3%5%funder's share of their income ↑0%1%3%4%5%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    4report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–5%
    typical government reliance, FY20–24
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    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 11 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 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

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    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