Covenant Clearinghouse administers private transfer fees (a type of deed restriction, also referred to as capital recovery fees) covering hundreds of billions of dollars of planned and existing real estate projects, comprised of retail space, office buildings, hotels, industrial facilities, warehouses and more, as well as hundreds of thousands of homes.
The assessments were originated by Freehold Capital Partners, which mandated that each assessment instrument irrevocably allocate not less than five percent of every assessment dollar generated to promote social and economic justice by funding innovative non-profit programs that could help make a positive impact in the communities from which the funds originated. Moreover, no charitable tax deduction is taken by any party, further reducing the burden on government.
The data suggests that over the life of the assessments total non-profit funding is expected to exceed fifteen billion dollars, potentially making this one of the largest private sector charitable funding sources ever created.
As the servicing agent for these assessments, Covenant Clearinghouse is proud to distribute these funds in support of a wide range of non-profit organizations, each working to address some of the most pressing challenges facing society. By providing much-needed funding, private transfer fees can help these organizations expand their reach, grow their programs, and improve the lives of those they serve. We believe that by working together and leveraging private sector incentives in order to fund the public good, we can create a better world for all.
Below is a list of some of the non-profits funded by private transfer fee assessments:
If you are a non-profit interested in applying for funding, please contact us at firstname.lastname@example.org