Covenant Advisers Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2023. As of 2023, the organization holds $6.7M in total assets. In 2023, it awarded 9 grants totaling $79K. Net investment income was $309K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$6.7M
+39.9% YoY
Annual Giving
$79K
+1064.3% YoY
Grant Count
9
+350.0% YoY
Avg Grant Size
$9K
+158.7% YoY
Under IRS private-foundation payout rules, Covenant Advisers Fund reported a distributable amount of $246K for 2023 — the minimum it must pay out in qualifying distributions.
About Covenant Advisers Fund
Based on IRS filings
Covenant Advisers Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2023. As of 2023, the organization holds $6.7M in total assets. In 2023, it awarded 9 grants totaling $79K. Net investment income was $309K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $6,699,652 | $4,787,698 | $4,088,490 |
| Revenue | $2,138,828 | $806,679 | $4,088,490 |
| Expenses | $225,572 | $109,730 | — |
| Qualifying Distributions | $217,829 | $279,851 | — |
| Net Investment Income | $308,828 | $206,679 | $1 |
| Distributable Amount | $246,241 | $207,043 | $666 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2023
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Global Adoption Services Inc ($19,500), Holos Hope Nfp ($18,000), H Rader ($6,695).
| Recipient | Purpose | Amount |
|---|---|---|
| A Miller Pullman, WA | Short-term Emergency Assistance Grant | $6,500 |
| ALL GODS CHILDREN INTERNATIONAL VANCOUVER, WA | General & Unrestricted | $6,500 |
| CHURCH OF THE LIVING GOD MOULTON, AL | Support for Ukraine fund | $6,000 |
| GLOBAL ADOPTION SERVICES INC BEL AIR, MD | General & Unrestricted | $19,500 |
| H Rader Trinity, AL | Hardship Assistance Grant | $6,695 |
| HOLOS HOPE NFP FLORENCE, AL | General & Unrestricted | $18,000 |
| KIDSFIRST ADOPTION SERVICES INC INDIANAPOLIS, IN | General & Unrestricted | $6,500 |
| T Layman Solon, ME | Hardship Assistance Grant | $6,500 |
| T Winslow Ellabell, GA | Short-term Emergency Assistance Grant | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Eliyan Petkov | Dir | 1 | — |
| Velin Krassimirov Tzanov | Dir | 1 | — |
| Timothy Joel Yarbrough | Dir, Pres, Sec, Treas | 20 | $75,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Covenant Advisers Fund?
Covenant Advisers Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $6.7M in total assets as of 2023.
How large is Covenant Advisers Fund?
As of 2023, Covenant Advisers Fund holds $6.7M in total assets with $2.1M in annual revenue. It awarded 9 grants totaling $79K in 2023.
Where does Covenant Advisers Fund operate?
Covenant Advisers Fund has awarded grants in Alabama, Georgia, Indiana, Maryland, Maine, Washington, Wisconsin.
What size grants does Covenant Advisers Fund award?
In 2023, Covenant Advisers Fund awarded 9 grants totaling $79K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Covenant Advisers Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Covenant Advisers Fund reported a distributable amount of $246K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Covenant Advisers Fund's EIN?
Covenant Advisers Fund's EIN (Employer Identification Number) is 87-4052507. IRS Form 990 filing data is available on this page for 2021–2023.
Explore Open Grants
Browse active grant opportunities in Covenant Advisers Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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