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EIN 27-3298736

Covenant College Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Lookout Mountain
State
Georgia
Year formed
2010
Most recent tax filings
2022-06-01
NTEE code, primary
B11: Education Single Organization Support
Description
The Covenant College Foundation supports Covenant College by providing funding and growing its endowment. As the planned-giving arm of the college, it ensures the future of the institution and its mission of exploring and expressing the preeminence of Jesus. The foundation's main goal is to provide a Christ-centered college education to members of the Presbyterian Church in America and beyond, which it achieves through receiving donations.
Total revenues
$2,624,692
2022
Total expenses
$1,003,553
2022
Total assets
$18,187,987
2022
Num. employees
0
2022

Program areas at Covenant College Foundation

The Covenant College Foundation exists to support Covenant College in its mission to provide members of the Presbyterian Church in America as well as the wider public with a Christ-centered college education. The Foundation achieves this mission by receiving gifts from donors that are then given to the College in the form of grants and scholarships to support the College's operations and fund students' education.

Grants made by Covenant College Foundation

GranteeGrant descriptionAmount
Covenant CollegeSupporting Educational Purposes$739,030

Who funds Covenant College Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Way Ahead TrustScholarship To Covenant College$125,000
National Christian Foundation / Natl Christian Charitable FDN IncGrowth$59,689
Schwab Charitable FundEducation$50,000
...and 2 more grants received

Personnel at Covenant College Foundation

NameTitleCompensation
Marc EricksonPresident and Executive Director$0
Robert WilkinsonSecretary$0
Fred VerwoerdAssistant Treasurer$0
Richard BowserChairman / Trustee$0
Michael KramerTreasurer / Trustee$0
...and 4 more key personnel

Financials for Covenant College Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$805,326
Program services$0
Investment income and dividends$1,940,143
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-124,244
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,467
Total revenues$2,624,692

Form 990s for Covenant College Foundation

Fiscal year endingDate received by IRSFormPDF link
2021-062022-04-04990View PDF
2020-062021-05-25990View PDF
2019-062021-01-27990View PDF
2018-062019-06-19990View PDF
2017-062018-10-16990View PDF
...and 7 more Form 990s
Data update history
June 9, 2023
Updated personnel
Identified 4 new personnel
May 22, 2023
Received grants
Identified 2 new grant, including a grant for $125,000 from The Way Ahead Trust
November 17, 2022
Posted financials
Added Form 990 for fiscal year 2021
August 2, 2022
Received grants
Identified 1 new grant, including a grant for $125,000 from The Way Ahead Trust
November 17, 2021
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
School foundationsGrantmaking organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationChristianReligiousProvides grantsOperates internationallyEndowed supportTax deductible donationsNo full-time employees
General information
Address
14049 Scenic Hwy
Lookout Mountain, GA 30750
Metro area
Chattanooga, TN-GA
County
Dade County, GA
Website URL
covenant.giftlegacy.com/ 
Phone
(706) 419-1645
IRS details
EIN
27-3298736
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2010
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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