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Covington Foundation Inc. is a private corporation based in HOPKINSVILLE, KY. The foundation received its IRS ruling in 1998. The principal officer is William E Covington. It holds total assets of $105K. Annual income is reported at $71K. Total assets have decreased from $450K in 2010 to $108K in 2022. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Covington Foundation Inc. has made 5 grants totaling $137K, with a median grant of $20K. The foundation has distributed between $35K and $60K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $60K distributed across 1 grants. Individual grants have ranged from $10K to $60K, with an average award of $27K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Kentucky. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Covington Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in KY.
Covington Foundation Inc. has distributed a total of $137K across 5 grants. The median grant size is $20K, with an average of $27K. Individual grants have ranged from $10K to $60K.
Covington Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Covington Foundation Inc. is headquartered in HOPKINSVILLE, KY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| William E Covington | PRESIDENT | $0 | $0 | N/A |
Total Giving
$47K
Total Assets
$108K
Fair Market Value
$1.2M
Net Worth
$108K
Grants Paid
$42K
Contributions
$18K
Net Investment Income
N/A
Distribution Amount
$57K
Total: $100K
Total Grants
5
Total Giving
$137K
Average Grant
$27K
Median Grant
$20K
Unique Recipients
2
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Baptist ChurchFELLOWSHIP | Hopkinsville, KY | $32K | 2023 |
| Salvation ArmyDISASTER RELIEF | Hopkinsville, KY | $10K | 2023 |
FT MITCHELL, KY
LAGRANGE, KY
COVINGTON, KY