Asbury Theological Seminary is a public charity based in Wilmore, Kentucky, formed in 1931. It prepares students for ministry through graduate-level theological education and also makes grants to churches and church leaders.
Key facts about Asbury Theological Seminary
In short: Asbury Theological Seminary gave $455K across 24 grants in 2025 (avg $19K), top state New York. Source: 2025 IRS Form 990.
- EIN
- 61-0445823
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $455,000
- Grants made (2025)
- 24
- Average grant
- $18,958
- Median grant
- $20,000
- Total assets
- $375,021,059
- Primary geography
- New York (13% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$375.0M
+3.1% YoY
Annual Giving
$455K
-45.0% YoY
Grant Count
24
+200.0% YoY
Avg Grant Size
$19K
-81.7% YoY
How Asbury Theological Seminary gives
- 17% of 2025 grantees were also funded in 2024. Method
Estimate from itemized grant lists in IRS Form 990 filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The seminary’s stated mission is to prepare theologically educated, sanctified, Spirit-filled men and women to evangelize and spread scriptural holiness throughout the world through the love of Jesus Christ, in the power of the Holy Spirit and to the glory of God the Father.
Its 2023 grants were identified as church support. The seminary’s website also describes initiatives for developing church leaders and supporting church multiplication. One supported organization, Every Nation Cincinnati Church, described its own mission as engaging people with the gospel, establishing them in faith in Jesus Christ, equipping them for ministry, and empowering them to make disciples.
Grantmaking
In filing year 2025, the seminary reported 24 grants totaling $455,000. Grants ranged from $10,000 to $37,500, with a median of $20,000. Its largest awards were $37,500 each to All Saints Anglican Church Naperville and Catapult, both for church support. Other notable awards included $30,000 each to Alliance Tabernacle Church, Awaken City Church, Christ Our Life Anglican Church, Magnolia Avenue UMC, and Resilience Church.
Review Cycle
for that program were March 1, June 1, September 1, and December 1; these dates are past cycles.
Open Grants
4 open opportunities from Asbury Theological Seminary
Dora Tes Basileas Foundation - Community Garden Grant
Asbury Theological Seminary
Amount
$18,000
Deadline
Rolling / Open
Kern Family Foundation - Office of Faith, Work, and Economics (Second Grant)
Asbury Theological Seminary
Amount
$204,170
Deadline
Rolling / Open
Kern Family Foundation - Office of Work and Economics in the Wesleyan Tradition
Asbury Theological Seminary
Amount
$102,500
Deadline
Rolling / Open
Ready to take the next step with Asbury Theological Seminary?
Geographic Focus
Where this funder awards grants
The seminary is based in Wilmore, Kentucky. Its 2025 grants went to recipients in multiple states; the largest reported shares of grant dollars by recipient state were New York (13%), North Carolina (11%), and Ohio, Colorado, and Tennessee (9% each). The Multiplication Fellowship and the seminary–Global Methodist Church grant program described on its website were limited to the United States.
Grant Distribution by State
Share of 2025 grant dollars across all 24 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $455K (2025) to $827K (2024). In 2025 it made 24 grants totaling $455K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was All Saints Anglican Church Naperville ($38K). Together the top 10 received $285K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 31 grants of 32 (97%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| All Saints Anglican Church Naperville Wheaton, IL | Church Support | $37,500 |
| Catapult Greenville, SC | Church Support | $37,500 |
| Alliance Tabernacle Church Brooklyn, NY | Church Support | $30,000 |
| Awaken City Church Jamaica Plain, MA | Church Support | $30,000 |
| Christ Our Life Anglican Church Raleigh, NC | Church Support | $30,000 |
| Magnolia Avenue UMC Knoxville, TN | Church Support | $30,000 |
| Resilience Church Littleton, CO | Church Support | $30,000 |
| Christ the King Anglican Meridian, ID | Church Support | $20,000 |
| Cornerstone Anglican Church Durham, NC | Church Support | $20,000 |
| Delaware County Alliance Delaware, OH | Church Support | $20,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants reported |
|---|---|---|---|---|
| 2025 | $375,021,059 | $50,655,245 | $44,324,886 | $455,000 across 24 grants |
| 2024 | $363,833,537 | $45,282,439 | $43,353,684 | $827,262 across 8 grants |
| 2023 | $359,303,307 | $34,624,370 | $38,815,722 | 0 grants |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $375,021,059 | $363,833,537 | $359,303,307 |
| Revenue | $50,655,245 | $45,282,439 | $34,624,370 |
| Expenses | $44,324,886 | $43,353,684 | $38,815,722 |
| Net Investment Income | $12,264,745 | $6,224,090 | $2,882,121 |
Data update history
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 13, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS February 13, 2020)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2025 filing include David Gyertson, President; Bryan P. Blankenship, Vice President and Treasurer; Jay Mansur, Kevin Bish, Jay Barnes, and John Ragsdale, Vice Presidents; Timothy Tennent, Emilio Alvarez, and Gregg Okesson, Faculty; and Rurel Ausley, Trustee.
Asbury Theological Seminary is led by David Gyertson, President on the 2025 filing; 9 of 32 officers listed in 2025 are compensated.
Officers on the 2025 filing
David Gyertson
President
New on the 2025 filing
40 hrs/week
$125K (2025)
Amy Wasserbauer
Trustee
On filings since 2019
1 hr/week
No compensation reported
Anna Jackson
Trustee & Secretary
Trustee → Trustee & Secretary, 2022
On filings since 2019
1 hr/week
No compensation reported
E Dale Locke
Trustee
On filings since 2019
1 hr/week
No compensation reported
Helen Rhea Stumbo
Trustee
On filings since 2019
1 hr/week
No compensation reported
Joao Carlos Lopes
Trustee
On filings since 2019
1 hr/week
No compensation reported
Kenneth Werlein
Trustee
On filings since 2019
1 hr/week
No compensation reported
Ricardo Gomez
Trustee
On filings since 2019
1 hr/week
No compensation reported
Rurel Ausley
Trustee
On filings since 2019
1 hr/week
No compensation reported
Sherree Funk
Trustee
On filings since 2019
1 hr/week
No compensation reported
Andy Hurst
Trustee
On filings since 2020
1 hr/week
No compensation reported
Charles Savage II
Trustee
On filings since 2020
1 hr/week
No compensation reported
Kyle Ray
Trustee
On filings since 2020
1 hr/week
No compensation reported
Prabhu Singh
Trustee
On filings since 2020
1 hr/week
No compensation reported
David Olshine
Trustee
On filings since 2021
1 hr/week
No compensation reported
Elaine Friedrich
Trustee
On filings since 2021
1 hr/week
No compensation reported
James Dunn
Trustee
On filings since 2021
1 hr/week
No compensation reported
Stephanie Raglin
Trustee
On filings since 2021
1 hr/week
No compensation reported
Greg Spillyards
Trustee
On filings since 2022
1 hr/week
No compensation reported
Jill Brue
Trustee
On filings since 2022
1 hr/week
No compensation reported
Lyndol Loyd
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Peter Marra
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Robin Lim
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Rodney Adams
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Bryan P Blankenship
Vice President & Treasurer
On filings since 2019
40 hrs/week
$124K (2019) → $158K (2025)
Jay Mansur
Vice President
On filings since 2019
40 hrs/week
$201K (2019) → $202K (2025)
Kevin Bish
Vice President
On filings since 2019
40 hrs/week
$122K (2019) → $178K (2025)
Timothy C Tennent
Facalty
President → Facalty, 2025
On filings since 2019
40 hrs/week
$296K (2019) → $247K (2025)
Gregg Okesson
Faculty
Faculty → Vice President, 2022
Vice President → Faculty, 2025
On filings since 2021
40 hrs/week
$109K (2021) → $146K (2025)
Jay Barnes
Vice President
On filings since 2024
40 hrs/week
$141K (2024) → $159K (2025)
Emilio Alvarez
Faculty
New on the 2025 filing
40 hrs/week
$148K (2025)
John Ragsdale
Vice President
New on the 2025 filing
40 hrs/week
$145K (2025)
Former officers (36)
- Former: Dale S Ditto (2019–2024) — Trustee
- Former: Debra McKenna Blews (2019–2024) — Trustee
- Former: Karen Thomas (2019–2024) — Trustee - Chair
- Former: Michael W Burkhart (2019–2024) — Trustee
- Former: Steven G W Moore (2019–2024) — Trustee
- Former: Scott Lees (2020–2024) — Trustee
- Former: Linda Adams (2021–2024) — Trustee
- Former: Steve Elliott (2021–2024) — Trustee
- Former: Thomas McCall (2023–2024) — Faculty
- Former: Tammy Hogan (2024) — Vice President
- Former: David R Goodnight (2019–2023) — Trustee
- Former: J Anthony Holifield (2019–2023) — Trustee
- Former: James Smith (2019–2023) — Trustee
- Former: Jerald W Russell (2019–2023) — Trustee
- Former: Joan Krupa (2019–2023) — Trustee
- Former: Joe Kilpatrick (2019–2023) — Trustee
- Former: John McNairy (2019–2023) — Trustee
- Former: Joseph Harris (2019–2023) — Trustee
- Former: Paul Baddour (2019–2023) — Trustee
- Former: Randall Birdwell (2019–2023) — Trustee
- Former: Nancy L Boortz (2020–2023) — Trustee
- Former: P Lowell Haines (2022–2023) — Trustee
- Former: Stephen Stratton (2023) — Faculty
- Former: Kevin Kinghorn (2021–2022) — Faculty
- Former: Cynthia James (2020–2021) — Trustee
- Former: Douglas Matthews (2020–2021) — Vice President & Provost
- Former: Alfred W Gwinn Jr. (2019–2020) — Trustee
- Former: Gregg Parris (2019–2020) — Trustee
- Former: Jo Anne Lyon (2019–2020) — Trustee
- Former: Robert S Landrebe (2019–2020) — Senior Vice President
- Former: Brian Russell (2019) — Faculty
- Former: Nancy L Dumas (2019) — Trustee
- Former: Paul R Ervin Jr. (2019) — Trustee
- Former: Peggy Kirkpatrick (2019) — Trustee
- Former: Robert Phillips (2019) — Trustee
- Former: Sundo Kim (2019) — Trustee
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $247K, to Timothy Tennent (Facalty). 9 officers or directors reported compensation on that filing.
Contact
Mailing address: 204 N Lexington Ave, Wilmore, KY 40390-1199
Phone: (859) 858-3581
Website: https://asburyseminary.edu
Frequently asked questions about Asbury Theological Seminary
How much does Asbury Theological Seminary give each year?
Asbury Theological Seminary gave $455K across 24 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $827K across 8 grants.
What is Asbury Theological Seminary's typical grant size?
Asbury Theological Seminary's median grant in 2025 was $20,000, and its average grant was $18,958, across 24 grants on its 2025 IRS Form 990.
Where does Asbury Theological Seminary give grants?
Asbury Theological Seminary's top state is New York, with 13% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were North Carolina (11%) and Ohio (9%). The most frequent recipient cities were Knoxville, TN (2 grants).
Does Asbury Theological Seminary give general operating support?
Not in 2025: none of the 24 grants with a stated purpose on Asbury Theological Seminary's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Church Support" (24 grants).
Who are Asbury Theological Seminary's largest grantees?
Asbury Theological Seminary's largest 2025 grantees include All Saints Anglican Church Naperville ($37,500), Catapult ($37,500) and Alliance Tabernacle Church ($30,000), according to its 2025 IRS Form 990. Together they received 23% of its itemized 2025 grant dollars.
How large is Asbury Theological Seminary?
Asbury Theological Seminary reported $375.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $50.7M.
What does Asbury Theological Seminary fund?
The seminary’s stated mission is to prepare theologically educated, sanctified, Spirit-filled men and women to evangelize and spread scriptural holiness throughout the world through the love of Jesus Christ, in the power of the Holy Spirit and to the glory of God the Father. See mission & focus areas ↑
How do I apply for a grant from Asbury Theological Seminary?
Asbury Theological Seminary has no public application process in the sources Grantable reviewed. Check asburyseminary.edu for current guidelines, or contact the foundation directly before submitting a request.
What is Asbury Theological Seminary's EIN?
Asbury Theological Seminary's EIN (Employer Identification Number) is 61-0445823. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Here's the math on researching Asbury Theological Seminary by hand.
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