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The Marion Stedman Covington Foundation

Profile

Last Updated: 2016-02-04

At A Glance

The Marion Stedman Covington Foundation

P.O. Box 29304

Greensboro, NC United States 27429-9304

Telephone: (336) 282-0480

URL: www.mscovingtonfoundation.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $8,204,892

Total giving: $291,185

EIN

566286555

Background

Established in 1986 in NC - Marion Stedman Covington was born and raised in Asheboro, North Carolina, where her father was a textile manufacturer and founder of the Stedman Corporation. She attended Greensboro College and Duke University before spending her professional career employed in the family business. She spent most of her life in North Carolina, and it is in this area that she focused her generosity. Mrs. Covington’s interests included art, education and the well being of others. She established the foundation in 1986. For the first twenty years of its history the foundation provided funding in arts and culture, education, health and human services and historic preservation. As of 2007, the foundation has chosen to reflect Mrs. Covington’s value of a love of history and regional heritage by narrowing the focus to historic preservation

Purpose and Activities

Giving for the field of historic preservation through financial support and leadership.

Fields of Interest

Subjects
  • Arts and culture
  • Historic preservation
  • Historical activities
Population Groups
  • Academics
  • Christians
  • Economically disadvantaged people
  • Low-income and poor people
  • Presbyterians
  • Protestants

Financial Data

Year ended 2014-12-31

Assets: $8,204,892 (market value)

Expenditures: $400,967

Total giving: $291,185

Qualifying distributions: $358,397