Public Charity

Covenant Health Foundation

Based in Knoxville, TN, Covenant Health Foundation operates as a Public Charity. The organization reported $2.0M in revenue, $2.6M in expenses, $18.4M in total assets for fiscal year 2024. Imperigo tracks 54 reported grant relationships connected to this organization totaling approximately $944K.

EIN: 621748601 Knoxville, TN Fund Raising & Fund Distribution NTEE: E12 Latest filing: 2024
Total Revenue$2.0M
Total Expenses$2.6M
Total Assets$18.4M
Grant Records54
Funding Total$944K
Filing Years2019–2024

Mission

Covenant Health Foundation raises and distributes funds in support of patient care, equipment, programs, services and staff not otherwise funded by Covenant Health and its affiliates. The Foundation's mission is to provide charitable support to further Covenant Health's mission to serve the community by improving the quality of life through better health.

Where $100 goes at Covenant Health Foundation

How Covenant Health Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$87 Programs the work itself
$5 Management running the organization
$8 Fundraising raising the next dollar

Inside the $87 for programs

$45
Patricia Neal Rehabilitation Hospitals & Outpatient Clinics:Distributions to support Patricia Neal therapy programs and services in 2024 were led by $850,000 to fund capital improvements and expansion at…
52% of program spending
$20
The Foundation supports a variety of other programs and services throughout Covenant Health
23% of program spending · Reported in the filing: 30 miles; 24 guests; 200 nights of free
$11
Covenant HomeCare & Hospice:Donors to Covenant Health Foundation provide funding for a partnership between Covenant HomeCare and Knoxville Area Rescue Mission (KARM) to reduce frequent hospitalizations among the…
13% of program spending · Reported in the filing: 330 patients; 150 children

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director Alan Hill
Director Chad Schollaert
Director Charles Griffin
President & CEO James D Vandersteeg
Director Jamie Wakefield
Director/Chair (through Dec 2024) Kathy May-Martin

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$282,550 19 grants
Fundraising & Sponsorship
$204,650 10 grants
Education
$185,000 9 grants
Youth Development
$155,000 8 grants
Health & Medicine
$95,192 6 grants

Financial Trends

Year Revenue Expenses Assets
2024 $2.0M $2.6M $18.4M
2023 $1.5M $1.2M $17.5M
2022 $1.8M $1.3M $15.6M
2020 $2.0M $3.1M $16.7M
2019 $1.7M $1.5M $17.5M

Between 2019 and 2024, reported annual revenue grew from $1.7M to $2.0M (+16%), with total assets most recently reported at $18.4M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Covenant Health Foundation

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