# Covenant College Foundation

Covenant College Foundation is an Endowment / Foundation based in Lookout Mountain, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Lookout Mountain, United States
- **Region:** North America
- **Address:** Lookout Mountain, GA, United States
- **Founded:** 2010
- **Assets under management:** Under $25M (Altss estimate)
- **Website:** covenant.giftlegacy.com

## Regulatory record

- **Reports private funds:** No

## About

The Covenant College Foundation was established in 2010 as the planned-giving arm of Covenant College, a private Christian liberal arts college on Lookout Mountain, Georgia, affiliated with the Presbyterian Church in America. Marc Erickson leads the foundation as Executive Director while also serving as Vice President for Development at the college itself, creating an integrated fundraising and asset-management function uncommon for an institution of this scale. D. Michael Kramer, a Director at Covenant Logistics Group, serves as Treasurer and Trustee, reflecting the deep historical ties between the college, the foundation, and the transportation company's leadership. The foundation's corpus originates from donor-advised contributions, estate-planning vehicles, and real estate gifts directed toward the college's mission. Investment posture is deliberately conservative and mission-aligned. The foundation holds physical real estate directly on Lookout Mountain, including the Apollo Road mixed-use property at 1 and 3 Apollo Road, the Brow Wood residential properties, and additional residential rental units. These properties generate income for the college while serving as a long-duration store of value — the foundation does not operate as a diversified endowment in the Yale model sense. There is no evidence of venture capital commitments, fund-of-funds exposure, or external GP relationships. Philanthropic allocations flow to student scholarships, faculty salaries, athletic programs, and building projects at Covenant College, with the foundation acting as a conduit and custodian rather than a discretionary investment manager. The geographic footprint is entirely concentrated on Lookout Mountain, Georgia. The foundation discloses no professional staff count beyond its named leadership, and the estimated $17 million in assets (Altss estimate) places it among smaller institutional allocators nationally. Marc Erickson maintains professional affiliations with the Chattanooga Estate Planning Council and the National Association of Estate Planners, signaling a focus on planned-giving origination rather than institutional portfolio construction. The foundation maintains no additional offices, club memberships with peer allocators, or adjacent investment vehicles. It does not appear to participate in co-investment syndicates, fund commitments, or manager-selection activity typical of larger endowments. This bifurcation is a genuine organizational differentiator: the foundation handles lumpy, concentrated assets that would challenge a traditional endowment's liquidity and spending-rule constraints.

## Sectors

- Education
- Real Estate

## People

- Marc Erickson — Executive Director
- D. Michael Kramer — Treasurer and Trustee

## Questions

### Who runs investment decisions at the foundation?

Marc Erickson, the Executive Director, and D. Michael Kramer, the Treasurer and Trustee, oversee the foundation's assets. Kramer's role as a Director at Covenant Logistics Group provides a direct line to business-community philanthropy, but the foundation does not maintain a dedicated investment staff or external investment committee separate from its board.

### Does the foundation hold venture capital or private equity exposure?

There is no public evidence that the Covenant College Foundation commits to venture capital funds, private equity, or hedge funds. Its known holdings consist entirely of Lookout Mountain real estate — the Apollo Road mixed-use property, Brow Wood residences, and additional rental units — plus liquid assets supporting the college's annual operations.

### How is the foundation connected to Covenant Logistics Group?

D. Michael Kramer serves simultaneously as a Director at Covenant Logistics Group and as Treasurer and Trustee of the foundation. Covenant College has longstanding ties to the trucking company's leadership, and Kramer's dual role provides a governance bridge — though the foundation has not publicly disclosed the dollar volume of contributions originating from that relationship.

### What types of gifts does the foundation accept?

The foundation is structured to accept planned gifts, including estates, appreciated securities, and real estate. Marc Erickson's credentials in estate planning, and his memberships in the Chattanooga Estate Planning Council and National Association of Estate Planners, reflect the foundation's emphasis on donor-advised and testamentary giving.

## Related profiles

- [American Library Association](https://altss.com/profile/american-library-association)
- [Delaware State University Foundation](https://altss.com/profile/delaware-state-university-foundation)

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/covenant-college-foundation

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