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Covenant Foundation Inc

Waterloo, Iowa  ·  EIN 421295784  ·  Private foundation

Covenant Foundation Inc is a private foundation based in Waterloo, Iowa. Its most recent IRS Form 990-PF reports $735K in grants paid and $7.1M in total assets. Bespoke Grants tracks 6 individual grants from this funder — $6.0M awarded across 2017–2024 — including its support for health care. Below is its full funding profile.

$735K
Annual giving (FY2020)
$7.1M
Total assets
6
Grants tracked
2024
Most recent grant

What Covenant Foundation Inc funds

Covenant Foundation Inc's giving carries a documented focus on health care.

Health Care

Grant history

The largest grants Bespoke Grants has on record for Covenant Foundation Inc, by amount:

RecipientLocationGrantYear
Covenant Medical Center Inc
Purchase equipment; Cancer Treatment Center,Pediatric, Podiatry, Cath Lab and Independence Clinic location renovations.
Waterloo, IA$3.0M2018
Covenant Medical Center Inc
PURCHASE EQUIPMENT
Waterloo, IA$973K2024
Covenant Medical Center Inc
Purchase equipment; ICU training and equipment, COVID19 support.
Waterloo, IA$735K2020
Covenant Medical Center Inc
Purchase equipment; Jumpstart Program; Colleague training; Reach out and read
Waterloo, IA$711K2022
Covenant Medical Center Inc
PURCHASE EQUIPMENT
Waterloo, IA$292K2023
Covenant Medical Center Inc
Purchase equipment; Operating Room Renovation
Waterloo, IA$279K2017

Covenant Foundation Inc giving by year

Total grants Bespoke Grants has indexed for each filing year:

2017$279K
2018$3.0M
2020$735K
2022$711K
2023$292K
2024$973K

How to apply for funding from Covenant Foundation Inc

Covenant Foundation Inc's public IRS filing does not spell out a formal application process. Foundations of this size often give primarily to organizations they already know, so a concise letter of inquiry or a warm introduction is usually the best first contact — not a full proposal. You can review the foundation directly at mercyone.org/northeastiowa.

Is Covenant Foundation Inc the right funder for your nonprofit?

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Frequently asked questions about Covenant Foundation Inc

Does Covenant Foundation Inc accept grant applications?
Covenant Foundation Inc's public filing does not specify an application process. A brief letter of inquiry or a warm introduction is usually the best first step with a private foundation of this size.
What does Covenant Foundation Inc fund?
Covenant Foundation Inc's grants focus on health care. Recent recipients include Covenant Medical Center Inc, Covenant Medical Center Inc, Covenant Medical Center Inc. Its full grant history is listed above.
How much does Covenant Foundation Inc give in grants?
Covenant Foundation Inc reported $735K in grants in its most recent IRS filing (FY2020). Across all years in our data it has awarded $6.0M over 6 grants.
Where is Covenant Foundation Inc located?
Covenant Foundation Inc is based in Waterloo, Iowa. Its IRS employer identification number (EIN) is 421295784.
How can I find foundations similar to Covenant Foundation Inc?
Bespoke Grants matches your nonprofit against 225,000+ foundations like Covenant Foundation Inc, ranking each by how well it fits your mission, location, and budget — with the reasoning shown. It is free to search.

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About this profile. This page is built from Covenant Foundation Inc's public IRS Form 990-PF and 990 filings, indexed by Bespoke Grants alongside 13M+ grants from 225,000+ U.S. foundations. Grant figures reflect filings available to date; IRS data publishes on a 1–2 year lag. Bespoke Grants is not affiliated with Covenant Foundation Inc. Always confirm current giving priorities and application procedures with the foundation directly before applying.