Asbury Foundation for Theological Education Inc
Theological education fundraising for Asbury Theological Seminary operations support.
Asbury Foundation for Theological Education Inc at a glance
In short: Asbury Foundation for Theological Education Inc gave $5.4M across 2 grants in 2025 (avg $2.7M), mostly in Kentucky. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $5,350,052
- -15.6% vs 2024
- Grants made (2025)
- 2
- -50.0% vs 2024
- Average grant
- $2,675,026
- +68.7% vs 2024
- Median grant
- $2,675,026
- Total assets
- $2,041,724
- -75.6% vs 2024
- Primary geography
- Kentucky (53% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Asbury Foundation for Theological Education Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Asbury Theological Seminary ($2.8M). Together the top 2 received $5.4M.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $1–5M range: 4 grants of 6 (67%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $793K (2023) to $6.3M (2024). In 2025 it made 2 grants totaling $5.4M.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Asbury Theological Seminary Wilmore, KY | Support organization' scholarship | $2,849,552 |
| Favor International Bradenton, FL | Support of organization | $2,500,500 |
Ready to take the next step with Asbury Foundation for Theological Education Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,041,724 | $-993,671 | $5,337,503 | $5,350,052 | 2 | $-1,072,220 |
| 2024 | $8,372,898 | $13,507,298 | $6,341,000 | $6,341,000 | 4 | $49,819 |
| 2023 | $1,206,600 | $1,000,000 | $793,400 | $793,400 | Total only | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Asbury Foundation for Theological Education Inc
Based on IRS filings
Asbury Foundation for Theological Education Inc is a public charity, based in Wilmore, KY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 2 grants totaling $5.4M.
Leadership & Key People
Officers and directors from IRS filings
Asbury Foundation for Theological Education Inc is led by David Gyertson, President on the 2025 filing; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
David Gyertson
President
New on the 2025 filing
0.5 hrs/week
No compensation reported
Bryan P Blankenship
Treasurer
On filings since 2019
0.5 hrs/week
No compensation reported
Jay Mansur
Vice President
Board Member → Vice President, 2025
On filings since 2019
0.5 hrs/week
No compensation reported
Anna Jackson
Secretary
On filings since 2021
0.5 hrs/week
No compensation reported
Tammy Hogan
Board Member
On filings since 2023
0.5 hrs/week
No compensation reported
Sherree Funk
Board Member
On filings since 2024
0.5 hrs/week
No compensation reported
Helen Rhea Stumbo
Board Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
Former officers (5)
- Former: Timothy C Tennent (2019–2024) — President
- Former: Gregg A Okesson (2021–2024) — Provost & Vice President
- Former: Joan Krupa (2019–2022) — Board Member
- Former: Karen E Thomas (2019) — Assistant Secretary
- Former: Robert S Landrebe (2019) — Senior Vice President & COO
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Asbury Foundation for Theological Education Inc
How much does Asbury Foundation for Theological Education Inc give each year?
Asbury Foundation for Theological Education Inc gave $5.4M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $6.3M across 4 grants.
How large is Asbury Foundation for Theological Education Inc?
Asbury Foundation for Theological Education Inc reported $2.0M in total assets on its 2025 IRS Form 990.
Where does Asbury Foundation for Theological Education Inc operate?
Asbury Foundation for Theological Education Inc has awarded grants in Florida, Indiana, Kentucky, Tennessee.
What is Asbury Foundation for Theological Education Inc's EIN?
Asbury Foundation for Theological Education Inc's EIN (Employer Identification Number) is 61-1164593. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 5, 2026)
- Added Form 990-EZ for fiscal year 2019 (received by the IRS January 30, 2020)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 3, 2024)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in Asbury Foundation for Theological Education Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Kentucky
Christian Community Foundation of Memphis
Memphis, TN
The foundation supports a broad range of U.S. charities through donor-advised funds, with a particular focus on Christian ministries and community transformation in Memphis; its Hope for Memphis Fund serves eligible Gospel-centered nonprofits in the Memphis metro area. Its 2025 grants had a median of $22,050, and it accepts applications for the Hope for Memphis Fund during its stated application cycle.
Assets
$229.0M
Grants
636
Total Given
$109.7M
The Robert D and Patricia E Kern Family Foundation Inc
Waukesha, WI
The Robert D. and Patricia E. Kern Foundation supports initiatives that help young Americans flourish through character development, quality education, and an entrepreneurial mindset, with a focus on long-term, systemic impact. In 2024, grants ranged from $3,000 to $14.4 million, with a median of $46,250; recipients were based across the U.S., with the largest shares going to Colorado, Arizona, Wisconsin, Kansas, and Virginia. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$837.0M
Grants
108
Total Given
$66.5M
Tyndale House Ministries
Carol Stream, IL
Tyndale House Ministries funds Christian ministries and mission organizations working in Christian literature, evangelical endeavors, Bible translation, leadership training, humanitarian aid, and local charitable work in greater Chicago and DuPage County. Its 2026 grants ranged from $5,500 to $386,150, with a median of $22,000, supporting work in the United States and internationally. The profile does not state whether it accepts unsolicited requests.
Assets
$151.4M
Grants
223
Total Given
$7.4M
Grounds for Grace Inc
Clearwater, FL
Grounds for Grace funds charities supporting Christian ministry and evangelism, education, justice, churches, and family services. Its 2025 grants ranged from $5,400 to $250,000, with a median of $59,000, and were concentrated in Florida, with additional funding in Kentucky, Maryland, North Carolina, and Georgia. The profile does not state whether it accepts unsolicited requests.
Assets
$14.3M
Grants
16
Total Given
$1.4M
Washington Foundation
Nashville, TN
The Washington Foundation supports charitable organizations in areas including the arts, food assistance, health care, and community services. Its 2025 grants ranged from $500 to $42,000, with a median of $5,750; 97% of grant dollars went to Tennessee organizations. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$13.0M
Grants
86
Total Given
$827K
Millsaps Charitable Trust
Orlando, FL
The trust supports organizations working in community services, health, international aid, public media, conservation, and theological education, with most 2025 grant dollars going to Florida. Its 2025 grants ranged from $6,000 to $40,000, with a median of $25,000. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$4.3M
Grants
13
Total Given
$336K
More similar funders
More Funders in Kentucky
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Asbury Foundation for Theological Education Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Asbury Foundation for Theological Education Inc down — hundreds of funders to go?