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New Covenant Kg Foundation is a private corporation based in FRISCO, TX. The foundation received its IRS ruling in 2005. The principal officer is Kingson Gunawan. It holds total assets of $2.5M. Annual income is reported at $993K. Total assets have grown from $1.5M in 2011 to $2.5M in 2022. The foundation is governed by 4 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2022. Funding is distributed across 5 states, including Florida, Texas, Georgia. According to available records, New Covenant Kg Foundation has made 27 grants totaling $770K, with a median grant of $11K. Annual giving has grown from $172K in 2020 to $426K in 2022. Individual grants have ranged from $4K to $120K, with an average award of $29K. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in Texas, Florida, California, which account for 56% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$9K
Average Grant
$29K
Largest Grant
$120K
Based on 6 grants from the most recent 990-PF filing.
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.
New Covenant Kg Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 27 grants. Its grantmaking reaches organizations primarily in TX, FL, CA.
New Covenant Kg Foundation has distributed a total of $770K across 27 grants. The median grant size is $11K, with an average of $29K. Individual grants have ranged from $4K to $120K.
New Covenant Kg Foundation typically selects its grantees rather than accepting unsolicited proposals.
New Covenant Kg Foundation is headquartered in FRISCO, TX. While based in TX, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| June Gunawan | Director | $0 | $0 | N/A |
| Roy Laurens | Director | $0 | $0 | N/A |
| Kingson Gunawan | President | $0 | $0 | N/A |
| Clarence Iskandar | Director | $0 | $0 | N/A |
Total Giving
$312K
Total Assets
$2.5M
Fair Market Value
N/A
Net Worth
$2.4M
Grants Paid
$213K
Contributions
$2K
Net Investment Income
$51K
Distribution Amount
N/A
Total: $1.6M
Total Grants
27
Total Giving
$770K
Average Grant
$29K
Median Grant
$11K
Unique Recipients
8
Most Common Grant
$4K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Stonebriar Community ChurchNEW BUILDING CONSTRUCTION FUND | Frisco, TX | $89K | 2022 |
| Iec LaTO SUPPORT IT'S GENERAL OPERATIONAL AND MINISTERIAL BUDGET. | Rosemead, CA | $54K | 2022 |
| Edo Dwi ChristilantoCHRISTIAN APOLOGETIC MINISTRY FROM THE LOGIC/ACADEMIC PERSPECTIVE | Orlando, FL | $46K | 2022 |
| Word On FireCHRISTIAN APOLOGETIC MINISTRY FROM THE LOGIC/ACADEMIC PERSPECTIVE | Des Plaines, IL | $12K | 2022 |
| American Center For Law And JusticeLEGAL ASSISTANCE | Washington, DC | $6K | 2022 |
| Reasonable FaithCHRISTIAN APOLOGETIC MINISTRY FROM THE LOGIC/ACADEMIC PERSPECTIVE | Marietta, GA | $4K | 2022 |
| Jiaoshi MinistriesCHRISTIAN APOLOGETIC MINISTRY FROM THE LOGIC/ACADEMIC PERSPECTIVE | Orlando, FL | $4K | 2022 |
| Indonesian Evangelical Church Of LaCHRISTIAN APOLOGETIC MINISTRY FROM THE LOGIC/ACADEMIC PERSPECTIVE | Rosemead, CA | $5K | 2020 |