Covey Gant Foundation

Organization Overview

Covey Gant Foundation is located in Fort Worth, TX. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covey Gant Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Covey Gant Foundation generated $90.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $103.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Covey Gant Foundation has awarded 92 individual grants totaling $463,650. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO RECEIVE AND MAINTAIN A FUND OR FUNDS OF REAL OR PERSONAL PROPERTY AND TO USE AND APPLY THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND THE PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE IRC OF 1986, AS AMENDED.


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Board, Officers & Key Employees

Name (title)Compensation
Burl Daniel
Director
$0
Paige Daniel
Director
$0
Danny Denke
Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $13,000
Interest on Savings $4
Dividends & Interest $23,600
Net Rental Income$0
Net Gain on Sale of Assets $53,584
Capital Gain Net Income $15,449
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $90,188

Grants Awarded

Over the last fiscal year, Covey Gant Foundation has awarded $82,000 in support to 15 organizations.

Grant RecipientAmount

UNIVERSITY OF NORTH TEXAS

PURPOSE: GENERAL

$20,000

THE GOODFELLOW FUND

PURPOSE: GENERAL

$5,000

TARRANT AREA FOOD BANK

PURPOSE: GENERAL

$5,000

SCLERDERMA FOUNDATION

PURPOSE: GENERAL

$2,750

PROJECT BELOVED

PURPOSE: GENERAL

$1,500

NORTHWEST OUTWARD BOUND SCHOOL

PURPOSE: GENERAL

$3,000
View Grant Profile

Peer Organizations

Organization NameAssets
Brown Foundation Inc
Houston, TX
$89,635,504
Alice L Walton Foundation
Bentonville, AR
$449,327,995
Builders Initiative
Bentonville, AR
$86,761,797
Fmh Foundation
Midland, TX
$73,532,830
Dan L Duncan Family Foundation
Houston, TX
$23,092,984
Robert A Welch Foundation 062491
Houston, TX
$61,396,407
Jesus Fund
Little Rock, AR
$128,635,887
Harriet And Warren Stephens Family Foundation
Little Rock, AR
$30,950,205
Ting Tsung And Wei Fong Chao Foundation
Houston, TX
$26,108,691
Jay Pritzker Foundation
Houston, TX
$9,950,464
William K Warren Foundation
Tulsa, OK
$34,266,089
Inasmuch Foundation
Oklahoma City, OK
$49,887,073
Edward N And Della L Thome Memorial Foundation
Dallas, TX
$5,661,914
The Cullen Foundation
Houston, TX
$18,825,483
Stanley E Fulton Family Foundation
Dallas, TX
$10,824,084
Union General Hospital
Farmerville, LA
$21,653,224
Karakin Foundation
Abilene, TX
$29,695,673
Centerpoint Energy Foundation Inc
Houston, TX
$5,340,538
Fore Kids Foundation Inc
Avondale, LA
$17,405,479
Addy Foundation
Dallas, TX
$6,993,780
Houston In Action
Houston, TX
$12,126,026
Willard And Pat Walker Charitable Foundation Inc
Fayetteville, AR
$11,017,809
Eula Mae And John Baugh Foundation
San Antonio, TX
$16,294,741
Impetus Foundation
San Antonio, TX
$7,635,616
Marshall Legacy Foundation
Metairie, LA
$15,687,056

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