Christian foundation pledges to give away $1 billion to further ‘Cause of Christ’
The Covenant Values Foundation announced recently that it plans to give $1 billion in grants to worthy causes.
“Our goal is to give one billion dollars in grants to support people in need,” said Carey Brown, one of the foundation’s trustees. “Through this monumental pledge, which can only be made with God’s participation, we commit to making a marked difference and aim to inspire others to a lifetime of giving.”
The foundation’s grants will focus on causes fostering the needs of orphans, youth, widows, the unborn and those who cannot help themselves, as well as sharing the “Good News” of Jesus Christ.
The money to fund the grants will come from private giving, ongoing licenses and royalties, technology and business services.
“Jesus taught us that loving our neighbors as ourselves is a worthy goal,” said Steve Steele, the foundation’s executive director and trustee. “In this broken world, our neighbors are often hurting, in need and without hope. Covenant Values Foundation will serve ‘the least of these’ and spread the ‘Good News’ of Jesus Christ here in our community and around the world.”
Covenant Values Foundation has pledged to give $625,000 in grants to non-profit organizations by the end of April.
The first grant was made to On Point, a Chattanooga-based youth development program that help teens abstain from risky behavior.
The foundation’s $25,000 grant was coupled with a pledge to match up to $100,000 in new money donated to the organization during the month of April 2012.
The same matching pledge was made to five other Chattanooga-area charities: Chattanooga Community Kitchen, which provides food and shelter to the homeless; Dawson McAllister Association, founder of The Hope Line teen suicide prevention outreach; Precept Ministries International, a leader in helping others study the Bible; Teen Challenge, which offers hope and healing for people with addictions and other life-controlling problems; and Tennessee Temple University, a Christian college.
For more information on the Covenant Values Foundation or to apply for a grant, visit www.covenantvalues.com.