#United States #Austin #community support #Covenant Clearinghouse #CASA

Covenant Clearinghouse Reveals Charitable Contributions for 2024

Covenant Clearinghouse, recognized as the leading provider of real estate assessments in the United States, has unveiled its charitable funding plan for 2024. This initiative underscores its commitment to supporting diverse community organizations. The funding will provide essential resources across the country, reflecting an enduring dedication to community service.

Supporting Communities Through Charitable Funding

The 2024 funding will span multiple sectors, with notable contributions going to CASA (Court Appointed Special Advocates). This organization is pivotal in advocating for the welfare of children in legal proceedings, making it a valued recipient of the funding. According to Shannon Everson, the Vice President of Covenant Clearinghouse, “CASA does incredibly important work in communities across the country and is quickly becoming one of our favorite causes to support.” The funding will positively impact numerous counties in Texas, including Bexar, Denton, Ellis, Guadalupe, Hood, Johnson, Matagorda, and Tarrant, as well as communities beyond Texas.

In addition to CASA, the charitable contributions for 2024 will benefit various other organizations:

• - Food banks that assist families grappling with food insecurity, ensuring that essential meals are provided to those in need.
• - Breast cancer assistant centers that offer vital support and care to patients facing significant health challenges.
• - Advocates for affordable housing, such as Casa Tierra SA based in Texas, which help ensure that everyone has access to safe and affordable living spaces.
• - Environmental initiatives, like the Colorado Watershed Council, focused on promoting conservation efforts.
• - Local preservation efforts driven by Florida-based citizen organizations, committed to protecting and enhancing their communities.

Past recipients of Covenant Clearinghouse's support encompass volunteer fire departments, no-kill animal shelters, domestic violence shelters, and other key programs that serve their communities effectively. A detailed list of the recipients is available on their website.

Innovative Funding Model for Nonprofits

Covenant Clearinghouse employs a unique model for distributing charitable funds through capital recovery fees, often referred to as transfer fees. These fees arise from deed restrictions tied to large real estate developments. This system ensures that infrastructure costs are equitably spread over time, alleviating upfront financial burdens and making financing more accessible for necessary community projects.

The company is committed to allocating at least five percent of gross assessment income directly to nonprofit organizations, thereby ensuring a sustainable funding source for charitable activities. “This sustainable funding source is more important than ever, especially in these times of strained public resources,” Everson remarked. Further enhancing its charitable integrity, Covenant Clearinghouse does not take or pass through any charitable contribution tax deductions for the funds it distributes — a decision aimed at maximizing public benefit.

About Covenant Clearinghouse

For over ten years, Covenant Clearinghouse has played a crucial role in administering assessment rights tied to both planned and existing real estate projects worth hundreds of billions of dollars. This role not only helps fairly allocate development costs but also generates enduring funding for nonprofits aligned with community needs. As Covenant Clearinghouse continues its mission, it looks forward to further advancing its contributions to those in need across the nation.

For more information about their charitable initiatives or to learn more about Covenant Clearinghouse, visit Covenant Clearinghouse.